SHERIDAN, WYOMING, USA, March 9, 2022 /EINPresswire.com/ — According to the latest report of the IMARC group, entitled “Water Pipe Leak Detection Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$2.1 billion in 2021. A water pipe leak detection system represents a engineering system that is used to determine and detect the location of a leak in a pipeline. Leaks are identified using acoustic and non-acoustic devices. A water pipe leak detection system includes various sensors and data collectors that are placed in the pipe network and transmit data to the network management center, which helps in identifying the leak area. These detection systems help reduce the cost of water supply and find many applications in the commercial, industrial and residential sectors.
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Growing need for effective water management solutions, owing to escalating environmental concerns and emerging risk of water scarcity, is among the key factors driving the sewer leak detection systems market. ‘water. Apart from this, increasing investments in expanding water pipes and growing number of water treatment plants, especially in developing countries, further catalyze the growth of the market. In addition, the launch of several initiatives by government agencies aimed at reducing water waste acts as another important growth factor. Additionally, growing business spending on water treatment and infrastructure maintenance is augmenting the global market. Furthermore, the introduction of smart water meters and the growing popularity of Internet of Things (IoT) based monitoring systems are expected to drive the water pipe leak detection systems market over the period. forecast. Looking ahead, IMARC Group expects the market to reach US$3.1 billion by 2027 growing at a CAGR of 6.8% during the period 2022-2027.
As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
Competitive landscape with key players:
Mueller Water Products Inc
Badger Meter Inc.
Perma-Pipe International Holdings, Inc.
Key Market Segmentation Highlights:
Breakdown by technology:
Breakdown by equipment:
Breakdown by type of pipe:
Ductile iron pipes
Stainless steel pipes
Breakdown by end use:
Breakdown by region:
Middle East and Africa
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Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market drivers and success factors
Impact of COVID-19
Value chain analysis
Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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