According to our latest market research on ‘Water Pipe Leak Detection System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Offer (Hardware & Software & Services), Equipment Type (Acoustics) and non-acoustic), pipe type (Plastic pipes, ductile iron pipes, stainless steel pipes and others) and end user (non-residential and residential) â, the global water pipe leak detection systems market was valued at 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 pipe leak detection systems market is witnessing a constant growth rate over the years and is expected to continue a similar growth trend with substantial revenue over the course of the years. forecast period. The presence of many players in the world is a key asset for the market to thrive over the years. However, the high capital cost of the water pipe leak detection system is a limiting factor for the market. On the basis of strategic geographies and resulting countries, the Water Pipe Leak Detection Systems market is categorized as North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA ) and South America (SAM). Historical trends, current trends, and outlook from a manufacturer’s perspective as well as an end-user perspective, facilitate the analysis of the Water Line Leak Detection Systems Market.
North America dominated the market for water line leak detection systems, followed by Europe and Asia-Pacific. North America’s dominance is primarily attributed to the continued focus by governments on environmental cleanliness. Municipalities in the United States, Canada and Mexico are working to maintain a water supply line. Due to this factor, the demand for water pipe leak detection system is much higher in these countries. Moreover, the presence of higher number of well-known market players in the region allows North America to become the market for water pipe leak detection systems.
Europe and APAC are in close competition to gain market share; however, Asia-Pacific is expected to grow at a prime rate during the forecast period. As a result of this factor, municipalities in the region are under pressure to focus on the deployment of a system for detecting water pipe leaks in large numbers, which is catalyzing the growth of the market in Europe and Asia- Peaceful.
MEA and SAM regions are also contributing significant amount of revenue and volumes in the Water Line Leak Detection Systems market. As regions experience urbanization and growth in foreign direct investment, regional governments devote substantial percentages of their budgets to adopting advanced technologies. With increasing urbanization, the trend of advanced management of the water pipe network is also on the rise, which shows an increase in the number of purchases of water pipe leak detection systems from year to year. year.
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Primary; Aqualeak Detection Ltd .; Atmos International Limited; Luna Innovations Inc .; Xylem Inc .; Gutermann SA; TTK – Leak detection system; SebaKMT; HERMANN SEWERIN GMBH; and MUELLER WATER PRODUCTS INC. (ECHOLOGICS), are among the main players presented during this market study. In addition to these players, several other key market players have also been studied and analyzed to get a holistic view of the global Water Pipe Leakage Detection Systems market and its ecosystem.
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