Water Pipeline Leak Detection System Market to Grow at a CAGR of 6.7% to reach US$ 2,505.47 Mn By 2028

"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), and Geography", The water pipeline leak detection system market was valued at US$ 1,501.71 million in 2020 and is projected to reach US$ 2,505.47 million by 2028; it is expected to grow at a CAGR of 6.7% from 2021 to 2028.

The residential construction sector has started gaining momentum in recent years after a weak growth in the past years due to surge in global population and increasing demand for single-family homes. Thus, the growth in residential construction is likely to surge the need for an efficient water management system, further boosting the demand for water pipeline leak detection systems in the coming years.

Report Coverage Details
Market Size Value in US$ 1,501.71 Million in 2020
Market Size Value by US$ 2,505.47 Million by 2028
Growth rate CAGR of 6.7% from 2021-2028
Forecast Period 2021-2028
Base Year 2021
No. of Pages 214
No. Tables 110
No. of Charts & Figures 89
Historical data available Yes
Segments covered Offering , Equipment Type , Pipe Type , and End User , and Geography
Regional scope North America; Europe; Asia Pacific; Latin America; MEA

Water Pipeline Leak Detection System Market: Competitive Landscape and Key Developments
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 key players profiled during the study of the Water Pipeline Leak Detection System market.

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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.

North America dominated the water pipeline leak detection system market, followed by Europe and Asia-Pacific. The dominance of North America is majorly attributed to the continuous emphasis on the clean environment by the governments. The municipalities across the US, Canada, and Mexico strive hard to maintain a water supply pipeline. Owing to this factor, the demand for water pipeline leak detection system is much higher in these countries. Additionally, the presence of a higher number of well-known market players across the region facilitates North America to lead to the water pipeline leak detection system market.

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Europe and APAC are competing closely to gain market share; however, Asia-Pacific is expected to grow at a prime rate during the forecast period. Owing to this factor, municipalities in the region are pressurized to focus on the deployment of water pipeline leak detection system in large numbers, which is catalyzing the growth of the market in Europe and APAC.

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.

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