Water Pipeline Leak Detection System Market; Trends, Growth, Demand, Opportunities and Drivers 2025by Chris jackson Market Research
According to IMARC Group’s latest report, the global water pipeline leak detection system market grew at a CAGR of around 11% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the 2020-2025. Water pipeline leak detection equipment aids in the detection and determination of leakage points in a pipeline by using acoustic and non-acoustic devices. Numerous sensors and data collectors are placed within the water pipeline network that transmits the data to the network management center to identify the leakage area. It also helps in reducing the cost of water supply by cutting down additional expenditures that incur upon water wastage. As a result, these systems are widely adopted across the residential, commercial, and industrial sectors.
Base Year: 2020
Forecast Year: 2021-2026
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Rapid urbanization, along with the rising global population leading to water scarcity, has bolstered the need for efficient water management systems to reduce water wastage. Additionally, the growing residential and commercial construction activities, including renovation activities, have also escalated the market growth. Rising expenditures to develop water pipelines and water treatment plants are also driving the market for water leak detection equipment.
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Furthermore, the implementation of favorable government guidelines for reducing water wastage is also propelling the product demand. Various technological innovations have led to the introduction of smart water metering, and Internet-of-Things (IoT) based monitoring systems. This is expected to induce the demand for the water pipeline leak detection systems in the coming years.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Technology:
Breakup by Equipment:
Breakup by Pipe Type:
Ductile Iron Pipes
Stainless Steel Pipes
Breakup by Solution:
Breakup by End- Use:
Breakup by Region:
Middle East and Africa
Some of the major players operating in the industry worldwide include NEC Corporation (TYO: 6701), Xylem, Inc. (NYSE: XYL), SPX Corporation (NYSE: SPXC), Mueller Water Products Inc (NYSE: MWA), Gutermann AG., 3M Company, ABB Ltd., Badger Meter Inc., Perma-Pipe International Holdings, Inc.
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Created on May 14th 2021 07:16. Viewed 45 times.