Indoor plumbing is important to keep our communities clean but also helps move the economy forward. It’s a huge industry that has seen even more demand in recent years! In fact, according to Gitnux, the global plumbing industry generated more than $144 billion in revenue in 2021 and is expected to grow by more than 4% annually through 2027. Ready to learn more? Here’s a closer look at three statistics regarding the state of the nation’s plumbing industry
1. Demand Plumbing Services Should Grow
As the world continues to grow, it’s only natural that more homes are built as time passes. With plumbing and households, the global trend is rising and so is the expected demand for plumbing services. Gitnux reports that the United States plumbing industry had 127,343 businesses that employed 565,537 people in 2021. As demand grows for plumbing services, it’s important to ensure everyone has access to qualified plumbers to ensure that quality work is done.
2. Water Usage Is Driving Many Plumbing Needs
In many areas that are seeing population growth, water usage is going up by a considerable amount. Many homeowners in rural areas are looking for ways they can save on water usage, thereby lowering their water bills and environmental impact. According to the U.S. Department of Energy, installing tankless water heaters could reduce home water use by 25% per year. If you’re interested in lowering your own bills, it’s a modern water-saving upgrade that a great plumber could install. Of course, even a tankless water heater still requires annual inspections to keep it functioning for the long term.
3. Plumbing Materials Are Harder to Find
Copper is an especially treasured material globally and it’s no different with plumbing. It’s used in many materials that keep plumbing systems together. According to S&P Global, demand for copper is expected to grow in the near future and possibly well beyond. Rising demand is certain to increase the price of copper. As such, it’ll become even more important to rely on professional plumbing services who know where to find their materials or have connections to get additional materials.
No matter how the world modernizes, it’s still a communal truth that you need a great plumber on your side. Have you had an inspection completed of your home recently? If not, or if you’re noticing some plumbing issues beginning to arise, don’t hesitate. Your search for a great plumbing service can end here! Here at Gwinnett Area Plumbers, we offer 40+ years of experience and are able to serve 24/7 for emergencies. Call today to schedule your free estimate.