Water Pipeline Leak Detection System Market is expected to reach US$ 2,505.47 million by 2028

According to our latest market study on “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),” the global water pipeline leak detection system market was valued US$ 1,501.71 million in 2020 and is expected to reach US$ 2,505.47 million by 2028 with a CAGR of 6.7% during the forecast period.  

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.

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.

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 the key players that are profiled during this market study. In addition to these players, several other essential market players have also been studied and analyzed to get a holistic view of the global water pipeline leak detection system market and its ecosystem.

Impact of COVID-19 Pandemic on Water Pipeline Leak Detection System Market

The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of electronics equipment including the hardware component of water pipeline leak detection system. The emergence of COVID-19 virus across the world, followed by lockdown scenarios, has led the industry experts to analyze that the industry would face at least a quarter of lag in manufacturing and construction equipment supply chain. This disruption is expected to create tremors till mid-2021. The factory shutdowns, travel bans, trade bans, and border lockdowns have adversely affected the water pipeline leak detection system industry.

Water Pipeline Leak Detection System Market – Geographic Breakdown, 2020

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

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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 report segments the global water pipeline leak detection system market as follows:

By Offering

• Hardware
• Software and Services

By Equipment Type

• Acoustic
• Non-Acoustic

By Pipe Type

• Plastic Pipes
• Ductile Iron Pipes
• Stainless Steel Pipes
• Others

By End User

• Non-Residential
• Residential

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East & Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM