The plumbing business, much like others, has been in turmoil since the pandemic hit. The new year has brought different predictions about the industry. Statista claims that the plumbing fixtures market value will rise to $108 billion in the year 2022 and subsequently to $120 billion in the year 2024.
With the inflation incoming with the new insurgence in Ukraine, prices of crude materials will likely rise. However, with more focus on the safety of drinking water by the Biden presidency, lead pipes are to be replaced.
Although there are quite a few developments unfolding currently, only time can tell us what’s going to happen. Let’s look in detail into what 2022 promises to bring in the plumbing and construction industry.
1. Smart Plumbing
It’s all about the future. Homeowners are looking for smart appliances that understand their daily behaviors and adapt to them. Technology has enabled machinery to detect early water leaks in the piping system.
Your kitchen and bathroom faucets in 2022 will come with touchless features that detect water usage and leaks. For as little as $400, you can install self-flushing, self-cleaning, and motion-sensing toilets as well!
2. Job Outlook in the Industry
As the pandemic has revealed, plumbing emergencies are dire, and plumbing professionals are front liners. When the plumbing is bad in a house, living becomes hell. A report by Statista shows that some of the leading industries for employment of plumbers are:
- Building equipment
- Utility system construction
- Building construction (residential and non-residential)
According to the U.S. Bureau of Labor Statistics, the projected job opening for the role of plumbers is 51,000 in the new year.
3. Demand-Supply Still Not Great
In 2020, many plumbing professionals had to be laid off due to the pandemic. While most of them have come back to the workforce, there still is a great void to be filled. The demand for emergency plumbers continues to rise well into 2022. However, with COVID vaccinations now available for the general public, it’s easier for people to go about their day without fear of catching the virus.
According to the recent HBI Construction Labor Market Report, residential and non-residential builders reported that there is a dire shortage of plumbers by 15%.
The pandemic has also stifled the demand-supply chain in crude materials. In 2020 and 2021, travel and transport were not easy due to health restrictions due to the pandemic. In 2022, the ever-increasing troubles in Eastern Europe will be a big factor in global inflation.
4. Recycling and Resuing Water
From what the Biden presidency has claimed, we’re going to have national standards on recycled water. In the plumbing industry, the type of water defines how well plumbing products and features perform.
Greywater is all the waste water collected from bathrooms which can be treated to reuse in residents’ gardens. Blackwater is all the water collected from the kitchens.
However, the government doesn’t have any clear instructions as to what black, grey, or recycled water is. In 2022, it’s high time for the governing bodies to find a common ground in types of water, how to treat them, and reuse them.
In an era where climate change isn’t a concept, but a reality, it’s quite a challenge to forecast any improvements in the plumbing and construction industry. However, smart plumbing technologies are being strategized to make zero water waste a high priority.
Recycled water is a growing fad in most residential areas, what with the concept of using greywater for your backyard garden. The future is quite promising!