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Water Leakage Detector Systems - Global Market Trajectory & Analytics

  • ID: 5139926
  • Report
  • February 2022
  • Region: Global
  • 494 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Company
  • Aqualeak Detection Ltd.
  • Badger Meter Inc.
  • Hermann Sewerin GmbH
  • NEC Corporation
  • Ovarro Limited

Global Water Leakage Detector Systems Market to Reach $5.9 Billion by 2026


A water leak detection system swiftly responds to water leakage in certain applications so that businesses can operate smoothly without any service disruptions or needing to go offline. These systems use sensing cables or probes to monitor the environment for any spills or water leakage that would otherwise go unnoticed. After detecting an issue, the system usually sets off an alarm to warn the engineering team so that workers can resolve the issue in an efficient and timely manner. Critical areas that typically deploy water leak detection systems include data centers, server rooms, offices, hospitals, commercial applications, data halls, plant rooms, and pantries. Growth in the global market is set to be driven by the construction industry's swift expansion and increased investment in infrastructural development. Strict government regulations for green buildings to address environmental issues are encouraging building owners to reduce water wastage. Therefore, building owners are using water leakage detector devices like water leak detectors, water leak alarms, and water sensors are in turn propelling the water leakage detectors market. The industrial sector requires to constantly monitor the leaks and can`t afford the slight defects among water leak detectors, in turn boosting the water leak detectors` market growth. The rise in environmental concerns about water scarcity caused by global population growth is increasing the water leak detectors demand. Advanced water leak detectors` introduction is anticipated to be the prime market trend to gain traction in the market of water leak detectors in years to come. Advanced leak detectors are user-friendly and sophisticated and are possible to be deployed on all pipe materials including PVC or polyvinyl chloride pipes.

Amid the COVID-19 crisis, the global market for Water Leakage Detector Systems estimated at US$4.6 Billion in the year 2022, is projected to reach a revised size of US$5.9 Billion by 2026, growing at a CAGR of 5.8% over the analysis period. Active Leak Detector Systems, one of the segments analyzed in the report, is projected to grow at a 6% CAGR to reach US$4.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passive Leak Detector Systems segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 30.9% share of the global Water Leakage Detector Systems market. Passive leak detection systems are usually standalone battery-operated devices that can be easily installed below plumbing or water appliance to detect leaks but need frequent battery testing. On the contrary, active leak detection systems offer immense efficiency in detecting water and are usually hooked onto the main water supply line of a building to intervene in case of a leak. These systems do this by cutting the water supply, which in turn, prevents further water leakage and property damage.



The U.S. Market is Estimated at $1.9 Billion in 2022, While China is Forecast to Reach $403.7 Million by 2026


The Water Leakage Detector Systems market in the U.S. is estimated at US$1.9 Billion in the year 2022. The country currently accounts for a 42.05% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$403.7 Million in the year 2026 trailing a CAGR of 8.8% through 2026. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR while Rest of European market (as defined in the study) will reach US$285.2 Million by the year 2026. North America leads the water leak to detect systems` market and is anticipated to dominate the market over the analysis period. The North American region is observing robust economic growth, rapid urbanization, increased population, and enhanced living standards, in turn creating the requirement for high-end infrastructure. Therefore, the government is investing extensively to overcome the issue of water wastage by implementing water leak detectors. Increased population in the APAC region is the prime driver of the non-residential, as well as the residential construction sector in the APAC region, further demanding the enhanced pipeline network. Increased measures are being taken by the government to attract private investments for infrastructural development, speeding up the water leak detection systems deployment in the APAC region.

Select Competitors (Total 111 Featured) -

  • 3M Company
  • ABB Ltd.
  • Aqualeak Detection Ltd.
  • Atmos International Inc.
  • Badger Meter Inc.
  • Gutermann AG
  • Hermann Sewerin GmbH
  • LeakTronics
  • Mueller Water Products Inc.
  • NEC Corporation
  • nVent
  • Ovarro Limited
  • Pentair plc
  • Perma-Pipe International Holdings, Inc.
  • Resideo Technologies, Inc.
  • Schneider Electric SE
  • Seba Dynatronic Mess- und Ortungstechnik GmbH
  • SPX Corporation
  • TTK S.A.S.
  • Xylem Inc.
  • Yokogawa Electric Corporation

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the publisher's digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Water Leakage Detector Systems

What is the estimated value of the Global Market for Water Leakage Detector Systems?

The Global Market for Water Leakage Detector Systems was estimated to be valued at $4.6 Billion in 2022.

What is the growth rate of the Global Market for Water Leakage Detector Systems?

The growth rate of the Global Market for Water Leakage Detector Systems is 6.4%, with an estimated value of $5.9 Billion by 2026.

What is the forecasted size of the Global Market for Water Leakage Detector Systems?

The Global Market for Water Leakage Detector Systems is estimated to be worth $5.9 Billion by 2026.

Who are the key companies in the Global Market for Water Leakage Detector Systems?

Key companies in the Global Market for Water Leakage Detector Systems include 3M Company, ABB Group, Aquilar Ltd., Badger Meter, Inc., Gutermann AG, Halma PLC, Honeywell International, Inc., Mueller Water Products, Inc. and Pentair PLC.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • Aqualeak Detection Ltd.
  • Badger Meter Inc.
  • Hermann Sewerin GmbH
  • NEC Corporation
  • Ovarro Limited

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Water: The Essence of Life
  • World Water Resources: A Primer
  • EXHIBIT 1: World Water Resources: Percentage Breakdown by Water Quality
  • EXHIBIT 2: Global Water Consumption by End-Use Sector (in %)
  • EXHIBIT 3: World Fresh Water Resources: Percentage Breakdown by Sources of Fresh Water
  • EXHIBIT 4: Internal Water Resource per Capita Ranked by Country - US, France, China, Germany, India, Netherlands and Saudi Arabia (in Cubic Meters) Region Per Capita Water (in Cubic Meters)
  • EXHIBIT 5: Global Groundwater Resources by Region (In Cubic Kilometers)
  • A Prelude to Water Leakage Detection Devices
  • Impact of Covid-19 and a Looming Global Recession
  • The Never-Ending “Race” Between the Virus & Vaccines Continues. Amidst this Chaotic Battle, Where is the World Economy Heading Now & Beyond?
  • Omicron Variant Brings Back Memories & Fears of the Worst Part of the 2020 Pandemic
  • EXHIBIT 6: Time is of Essence! What We Know So Far - “Vaccine Efficiency Against New Strains”
  • With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking. But How Practical Is It to Implement Them?
  • EXHIBIT 7: With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness: Number of Booster Doses Administered Per 100 People by Country as of December 2021
  • With IMF Making an Upward Revision of Global GDP for 2022, Companies Are Bullish About a Continuing Economic Comeback Despite a Prolonging Pandemic
  • EXHIBIT 8: A Strong Yet Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Brings to Light the Demand-Supply Gap in Water Supply
  • COVID-19 Impact on Water Leakage Detector Systems
  • Global Market Prospects and Outlook
  • Water Leak Detection Devices: Halcyon Days Ahead with Dynamic Drivers
  • Active Water Leak Detection Systems Hold a Major Share
  • Regional Market Analysis
  • Competition
  • Recent Market Activity
  • EXHIBIT 9: Water Leakage Detector Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 42 Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increasing Water Scarcity Globally Drives the Demand for Water Leakage Detection Systems
  • Rising Water Pollution Levels Leading to Severe Shortage of Freshwater Drives the Demand for Water Leakage Detection Systems
  • Technological Advancements Drive Market Growth
  • Algorithms & Mathematical Modeling to Detect Leakage
  • Hydrophones & Household Meters for Leak Detection
  • Centralized Data Management
  • AI Emerge as Game-Changing Technology for Water Leak Detection
  • Smart Water Leak Detectors Witness Increased Demand
  • Smart Devices for Enhanced Control in Smart Homes
  • Rising Awareness about Smart Water Leak Detection Systems
  • Commercial Water Leak Detection Service: A Brisk Business with Riveting Merits
  • Building Trends, Plumber’s Support & Discounts Drive Market Demand
  • Industry Standards Ensure Improved Performance
  • Non-Invasive Acoustic Technology becomes More Audible in Water Leak Detection Arena
  • Advanced Pipeline Water Leak Detection Approaches Gaining Center-Stage Attention
  • Satellite Images for Leak Detection
  • Micro Leaks Detection Solutions
  • Magnetic Field Sensors
  • IoT-Powered Leak Detection
  • Leak Detection with Valve Control
  • Multiple-sensor Systems Witness Increased Demand
  • Growing Popularity of IOT-based Water Leak Detection Systems
  • MACRO DRIVERS
  • Surging Population and Increasing Need for Water Drives Demand
  • EXHIBIT 10: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100
  • Rapid Urbanization Aggravates Water Woes & Powers Demand for Water Leakage Detection Systems
  • EXHIBIT 11: World Urban Population in Thousands: 1950-2050P
  • EXHIBIT 12: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Global Warming & Climate Change to Encourage Pervasive Adoption
  • EXHIBIT 13: Drought Risk Score by Select Countries: 2019
  • EXHIBIT 14: Average Global Surface Temperature (In Degrees Fahrenheit) for the Years 1940, 2000 and 2020
  • Smart Cities Concept to Underpin Sales Growth in the Coming Years
  • EXHIBIT 15: World Smart City Investments (in US$ Billion) for the Years 2020 through 2027

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Water Leakage Detector Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics

CANADA


JAPAN


CHINA

EUROPE

  • Water Leakage Detector Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analytics

FRANCE


GERMANY


ITALY


UNITED KINGDOM


SPAIN


RUSSIA


REST OF EUROPE


ASIA-PACIFIC


AUSTRALIA


INDIA


SOUTH KOREA


REST OF ASIA-PACIFIC


LATIN AMERICA


MIDDLE EAST


AFRICA

IV. COMPETITION

  • Total Companies Profiled: 111
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3M Company
  • ABB Ltd.
  • Aqualeak Detection Ltd.
  • Atmos International Inc.
  • Badger Meter Inc.
  • Gutermann AG
  • Hermann Sewerin GmbH
  • LeakTronics
  • Mueller Water Products Inc.
  • NEC Corporation
  • nVent
  • Ovarro Limited
  • Pentair plc
  • Perma-Pipe International Holdings, Inc.
  • Resideo Technologies, Inc.
  • Schneider Electric SE
  • Seba Dynatronic Mess- und Ortungstechnik GmbH
  • SPX Corporation
  • TTK S.A.S.
  • Xylem Inc.
  • Yokogawa Electric Corporation
Note: Product cover images may vary from those shown