Press release
Water Pipeline Leak Detection System Market Size Estimated to Observe Significant Growth
Water Pipeline Leak Detection System Market
According to our latest market study on "Water Pipeline Leak Detection System Market Forecast to 2028 - COVID-19 Impact, and Global Analysis - by Offering (Hardware and Software and Services), Equipment Type (Acoustic and Non-Acoustic), Pipe Type (Plastic Pipes, Ductile Iron Pipes, Stainless Steel Pipes, and Others), and End User (Non-Residential and Residential)," the global water pipeline leak detection system market was valued US$ 1,501.71 million in 2020 and is expected to reach US$ 2,505.47 million by 2028 with a CAGR of 6.7% during the forecast period.
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With the presence of several well-established and emerging players, the water pipeline leak detection system market is experiencing a steady growth rate over the years and is expected to continue a similar growth trend with substantial revenue during the forecast period. The presence of numerous players globally is a key advantage for the market to propel over the years. However, the high capital cost of water pipeline leak detection system is a restraining factor for the market. Based on strategic geographies and their subsequent countries, the water pipeline leak detection system market is categorized into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). The historical trends, current trends, and outlook according to the manufacturer's perspective as well as the end-user's point of view, facilitates the analysis of the water pipeline leak detection system market.
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The MEA and SAM regions are also contributing a significant amount of revenue and volume in the water pipeline leak detection system market. As the regions are experiencing urbanization and growth in foreign direct investments, the regional governments are spending substantial percentages of budgets toward the adoption of advanced technologies. With increasing urbanization, the trend of advanced water pipeline network management is also rising, which is showcasing an increased number of water pipeline leak detection system procurement year-on-year.
Primayer; Aqualeak Detection Ltd.; Atmos International Limited; Luna Innovations Inc.; Xylem Inc.; Gutermann AG; TTK - Leak Detection System; SebaKMT; HERMANN SEWERIN GMBH; and MUELLER WATER PRODUCTS INC. (ECHOLOGICS), are among the key players that are profiled during this market study. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global water pipeline leak detection system market and its ecosystem.
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The report segments the global water pipeline leak detection system market as follows:
By Offering
• Hardware
• Software and Services
By Equipment Type
• Acoustic
• Non-Acoustic
By Pipe Type
• Plastic Pipes
• Ductile Iron Pipes
• Stainless Steel Pipes
• Others
By End User
• Non-Residential
• Residential
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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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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