Water Pipeline Leak Detection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Water Pipeline Leak Detection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global water pipeline leak detection system market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

Water pipeline leak detection equipment is used for the detection and determination of leak location in a pipeline. The water pipeline leakage can be identified by using acoustic and non-acoustic devices. Various sensors and data collectors are placed within the water pipeline network that transmit the data to the network management centre, which are helpful in identifying the leakage area. Moreover, the equipment also helps in reducing the cost of water supply, as utilities can cut down the expenditure incurred on water wastage due to a leak. Owing to this, water pipeline leak detection systems find wide applications across the residential, commercial, and industrial sectors.

The increasing demand for water pipeline leak detection systems can be attributed to the rising environmental concerns towards water scarcity catalysed by the growing global population. Furthermore, rapid urbanization, particularly across developing regions such as India and China has led to the rising development of both residential and commercial spaces, thereby augmenting the need for water pipeline leak detection solutions. Additionally, new residential and non-residential construction activities, along with several renovations of the depleting infrastructures have also augmented the market growth. Furthermore, growing investment towards the expansion of water pipeline coupled with the increasing number of water treatment plants in developing regions such as the Asia-Pacific, Middle East and Latin America is also driving the growth of the water leak detection equipment market. Besides this, the implementation of stringent government norms for reducing water wastage, along with the rising expenditure of water treatment and transmission companies on maintenance is also positively influencing the market growth. Various technological advancements have also led to the introduction of smart water metering and rising usage of Internet-of-Things (IoT) based monitoring systems. These factors are further driving the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global water pipeline leak detection system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, equipment, pipe type and end-use.

Breakup by Technology:

Ultrasonic
Smart Ball
Magnetic Flux
Fiber Optic
Others

Breakup by Equipment:

Acoustic
Non-Acoustic

Breakup by Pipe Type:

Plastic Pipes
Ductile Iron Pipes
Stainless Steel Pipes
Aluminium Pipes
Others

Breakup by End- Use:

Industrial
Residential
Commercial
Municipal

Breakup by Region:

North America

United States
Canada

Europe

Germany
France
Italy
Spain
Poland
United Kingdom
Others

Asia Pacific

China
Japan
South Korea
India
Australia
Others

Middle East and Africa

Turkey
Saudi Arabia
United Arab Emirates
Israel
Others

Latin America

Brazil
Mexico
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being NEC Corporation, Xylem, Inc., SPX Corporation, Mueller Water Products Inc, Gutermann AG., 3M Company, ABB Ltd., Badger Meter Inc., and Perma-Pipe International Holdings, Inc.

Key Questions Answered in This Report:

What is the expected growth rate of the global water pipeline leak detection system market?

What are the key factors driving the global water pipeline leak detection system market?

What has been the impact of COVID-19 on the global water pipeline leak detection system market?

What is the breakup of the global water pipeline leak detection system market based on the equipment?

What is the breakup of the global water pipeline leak detection system market based on the pipe type?

What is the breakup of the global water pipeline leak detection system market based on the end-use?

What are the key regions in the global water pipeline leak detection system market?

Who are the key companies/players in the global water pipeline leak detection system market?