Press release
Smart Water Leak Sensor Market Anticipated to Grow Rapidly During 2027 - Lead by D-Link, Honeywell International. Moen Incorporated, SAMSUNG, SmartThings, StreamLabs, Wally Labs and Zircon
Smart Water Leak Sensor Market
Smart water leak sensors or detectors play an essential role in ensuring the safety of homes and other premises by detecting the water leakage and preventing the risk of water damage. These sensors come in various configurations such as fixed and portable to cover diverse applications in the residential and commercial sectors. Technologies such as Wi-Fi, Zigbee, and Z-Wave are some of the widely used wireless technologies in the smart water leak sensor market. The wireless smart water leak sensors offer customers with advantages such as remote monitoring.
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The advantages offered by smart water leak sensors such as safeguarding the premises from water damage and reducing water bill are driving the adoption of these sensors in residential and commercial applications. However, initial installation costs, issues related to consistency of wireless networks, and concerns related to false triggering of sensors are some of the factors that could affect the growth of smart water leak sensor market during the forecast period of 2019 to 2027.
On the other hand, the rising trend of smart homes, Internet of things (IoT) and automation in industries are some of the other factors that are anticipated to fuel the growth of smart water leak sensor market during the forecast period of 2019 to 2027.
Top Leading Market Players:
1. D-Link Corporation
2. Fibar Group S.A.
3. Honeywell International Inc.
4. Moen Incorporated
5. SAMSUNG
6. SmartThings Inc.
7. StreamLabs
8. Wally Labs LLC.
9. Waxman Consumer Products Group, Inc.
10. Zircon Corporation
As leading companies in Smart Water Leak Sensor Market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Various companies in the value chain are acquiring other local players and operating through joint ventures with retailers in the market to maintain their position in market and provide efficient solutions to its customers.
Market Segmentation :
The global smart water leak sensor market is segmented on the basis of type, technology, application, and geography. By type, the market is segmented into fixed sensors and portable sensors. Based on technology, the market is segmented into Wi-Fi, Zigbee, Z-Wave, and others. On the basis of application, the market is segmented into residential, commercial, and industrial.
Key Benefits :
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Smart Water Leak Sensor Market.
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The Smart Water Leak Sensor Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
The Smart Water Leak Sensor Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market
Contact Us:
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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