North America Water Pipeline Leak Detection System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Hardware and Software and Services), Equipment Type (Acoustic and Non-Acoustic), Pipe Type (Plastic Pipes, Ductile Iron Pipes,

North America Water Pipeline Leak Detection System Market Forecast to 2028 - COVID-19 Impact and Regional 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)

The North American water pipeline leak detection system market is expected to grow from US$ 582.46 million in 2021 to US$ 853.89 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The residential construction sector has started gaining momentum in recent years after weak growth in the past years due to a surge in population in North American countries and increasing demand for single-family homes. The growth in residential construction underlines the need for efficient water management systems, further boosting the demand for water pipeline leak detection systems. Residential sewage accounts for a significant share of the total sewage volume in cities or urban areas. Additionally, with the growing population, several countries in the region lag in proper water and wastewater infrastructure. Many countries in the region are adopting modern technologies for residential water leakage maintenance. Moreover, governments have undertaken several initiatives in the respective countries to improve water and wastewater infrastructure, which is further propelling the growth of the North America water pipeline leak detection system market.

North America is one of the most prominent regions adopting and developing new technologies due to favorable government policies that boost innovation, the presence of a huge industrial base, and high purchasing power of people, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to limit the region's economic growth. COVID-19 has negatively impacted businesses in the region in four critical areas—supply chain/operations, workforce availability, investments (in 2020), and product offering. In the first nine months, overhead costs—including expenses for sales, research and development (R&D), and administration of various providers—fell adversely due to severe measures taken during the pandemic. Despite the effects of the global outbreak, earnings of people improved, primarily due to continuous optimization of the cost structure. However, the indefinite pause in infrastructure development activities and the limited presence of laborers hampered old water supply pipeline infrastructure maintenance and renovation projects.

The North America water pipeline leak detection system market, by offering, is segmented into hardware, and software and services; the hardware segment led the market in 2020. The hardware segment in the water pipeline leak detection system includes sensors, alarms, monitors, and display. Sensors are integrated in hydrants and valves of the water pipeline systems installed across various residential, commercial, and industrial facilities to efficiently sense the water leakage and send signals to alarms systems and controlling centers. These sensors are small, waterproof, lightweight, and handy. They comprise an in-built magnet, are easy to install and have no special handling requirements. They also have in-built batteries that last for ~5 years and are installed where long-term leak detection is required. In addition to monitoring and displaying a water leakage situation, sensors pinpoint the water leakage location, investigate past comments and construction repair work records, and assess pipe details file (mapping system).

The North America water pipeline leak detection system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America water pipeline leak detection system market. The process also serves the purpose of obtaining overview and forecast of the North America water pipeline leak detection system market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants—such as valuation experts, research analysts, and key opinion leaders—specializing in the North America water pipeline leak detection system market. Aqualeak Detection Ltd., Atmos International Limited, Gutermann AG, HERMANN SEWERIN GMBH, Luna Innovations Inc., MUELLER WATER PRODUCTS INC., Primayer, SebaKMT, TTK - Leak Detection System, and Xylem Inc. are among a few players operating in the North America water pipeline leak detection system market.

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