Water Leakage Detector Systems Market to grow at a CAGR of 6.09% during 2017-2021: 3M, ABB, Badger Meter, Gutermann AG, and Halma

MarketResearchNest.com adds “Global Water Leakage Detector Systems Market 2017-2021” new report to its research database. The report spread across 104 pages with table and figures in it.

Research analysts forecast the global water leakage detector systems market to grow at a CAGR of 6.09% during the period 2017-2021.

About Water Leakage Detector Systems
The global leak detection market for the oil and gas industry is expected to grow during the forecast period. The reason for the market's growth is the rising demand for oil and gas pipeline projects, especially at offshore locations. Offshore locations are highly preferred for oil and gas pipeline projects due to the shift of oil and gas operations to high-pressure areas and deep-water zones. The increased demand for clean energy resources has boosted the demand for natural gas resources.

Covered in this report
The report covers the present scenario and the growth prospects of the global water leakage detector systems market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at
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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Water Leakage Detector Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global water leakage detector systems market: 3M, ABB, Badger Meter, Gutermann AG, and Halma.

Other Prominent Vendors in the market are: Aquilar, Honeywell International, Mueller Water Products, NEC Corporation, Pentair, Pure Technologies, Schneider Electric, Siemens, SPX Corporation, and TTK.

Commenting on the report, an analyst from Research team said: “One trend in the market is technological innovations. The incorporation of technological advancements in water leakage detector systems is a key trend in the global water leakage detector systems market. Prominent technological advancements in the market include water leakage detectors for do-it-yourself (DIY) smart home systems.”

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According to the report, one driver in the market is rising water stress levels across the globe. Of late, water stress levels have increased in many countries across the globe. Water stress occurs when the demand for water exceeds its supply. The increase in water-stress levels is attributed to rising pollution levels, climate change, and geographical differences. Population growth, changing consumption patterns, and urbanization are further increasing water stress levels. Rising water-pollution levels and contamination of available water further reduce the amount of water available for personal consumption.

Further, the report states that one challenge in the market is high installation cost. The installation cost of a water leakage detector system is relatively higher than that of a water meter. The return on investment for water meters can be obtained within a duration of five to eight years. For instance, the US EPA, has laid a program (“Fix a Leak Week”) for fixing water leakages across the nation. Not all service providers have the required capital for huge investments. Apart from that, installation of such expensive technologies in a country with a large population base is a task in itself.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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