South 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 SAM water pipeline leak detection system market is expected to grow from US$ 47.31 million in 2021 to US$ 72.84 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028. The water pipeline leak detection systems demand for various technological advancements with the integration of computerized systems and digital survey systems for real-time monitoring of water leakage. Also, the introduction of advanced technologies such as sensors and computerized systems create enormous opportunities for the growth of the water pipeline leak detection systems market. The traditional acoustic detection sensors are being upgraded with efficient sound detection functions. The technological advancements also lead to the rising usage of Internet-of-Things (IoT) based monitoring systems and smart water metering in water management system across the residential, commercial, and industrial sectors. In case of water leakage failure, the operators must have access to reliable, efficient, and actionable insights, which permit them to manage with an appropriate response. One of the most advanced technologies integrated to detect and locate water leakage points inside the pipelines is distributed acoustic sensing (DAS). DAS is an intelligent and networked solution that offers extensive support to water utilities, especially for pipeline integrity management, pre-emptive maintenance, and leak detection. The development of these advanced computerized systems for water leakage is creating enormous opportunities for the market player to remain competitive in the SAM market.
Brazil is the worst-affected country by the COVID-19 pandemic in SAM, followed by Colombia, Argentina, and Peru. Governments of various countries in the region took several initiatives to protect people and control the disease spread in the region through lockdowns, trade bans, and travel restrictions. These measures directly hampered the economic growth of the region due to lowered export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. A sharp decline in the sales of electronics due to lockdown measures resulted in the limited growth of the water pipeline leak detection system market in SAM.
Based on offering, the SAM water pipeline leak detection system market is segmented into hardware, and software and services. The software and services segment is expected to register a higher CAGR in the market during the forecast period. The software solutions are implemented for completing hydraulic modelling for online leak detection, pipeline design, surge analysis, and pipeline optimization. The water pipeline leak detection system software enables enhanced operations and improved pipeline or network performances. Pipeline simulators offer transient flow simulation. The complete range of pipeline simulation solutions vary from pipeline design and planning desktop, through operator training and qualification to online systems, which includes predictive pipeline simulation and leak detection. Water pipeline leak detection services offered by various companies include consulting, implementation, and support & maintenance. The implementation service providers set up and configure the software at a client’s site. Implementing enterprise software is considered a challenge for even the most mature organizations. Understanding requirements, selecting the right software, planning implementation, installing and configuring the software, integrating the solutions with other systems, deploying to users, managing organizational change are among the services provided by the water pipeline leak detection system market players. Software and services are easy to use and obtain, more reliable, customizable, and so on, which is expected to propel their demand in the coming years.
The overall SAM 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 SAM water pipeline leak detection system market. The process also serves the purpose of obtaining overview and forecast for the SAM water pipeline leak detection system market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM water pipeline leak detection system market. Atmos International Limited, Gutermann AG, HERMANN SEWERIN GMBH, Luna Innovations Inc., Primayer, SebaKMT, and Xylem Inc. are among a few players operating in the SAM water pipeline leak detection system market.
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