According to the latest report by IMARC Group, titled “Water Pipeline Leak Detection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’The global water pipeline leak detection system market reached a value of US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2027, exhibiting at a CAGR of 6.8% during 2022-2027. A water pipeline leak detection system is specially engineered equipment that assists controllers in detecting unintended leakages caused by pores, corrosion and cracks. It is integrated with sensors and data collectors, which are positioned within the pipeline network to alert management centers regarding leaks by recording vibrations stimulated by the water while escaping the pipe. Additionally, a water pipeline leak detection system aids in identifying the precise location of seepage, enhancing premise management, and mitigating water wastage by providing timely alerts to resolve the issue.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The widespread adoption of the water pipeline leak detection system can be attributed to the increasing number of ongoing construction activities across the globe. This, in turn, has supplemented the demand for uninterrupted water supply, specifically in the residential sector, thus driving the market growth. Moreover, the rising environmental concerns and the heightened instances of water scarcity have prompted governments of several countries to promote the uptake of water pipeline detection systems to avoid the wastage of clean treated water, which is propelling the market growth. Besides this, the large-scale integration of distributed acoustic sensing (DAS) and the Internet of things (IoT) solutions are further contributing to the market growth.
Water Pipeline Leak Detection System Market 2022-2027 Competitive Analysis and Segmentation:
- NEC Corporation
- Xylem Inc.
- SPX Corporation
- Mueller Water Products Inc
- Gutermann AG.
- 3M Company
- ABB Ltd.
- Badger Meter Inc.
- Perma-Pipe International Holdings, Inc.
Breakup by Technology:
- Smart Ball
- Magnetic Flux
- Fiber Optic
Breakup by Equipment:
Breakup by Pipe Type:
- Plastic Pipes
- Ductile Iron Pipes
- Stainless Steel Pipes
- Aluminium Pipes
Breakup by End- Use:
Breakup by Region:
Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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