DUBLIN, July 28, 2021--(BUSINESS WIRE)--The "Water Pipeline Leak Detection System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering, Equipment Type, Pipe Type, and End User, and Geography" report has been added to ResearchAndMarkets.com's offering.
The water pipeline leak detection system market is expected to grow from US$ 1,501.71 million in 2020 to US$ 2,505.47 million by 2028; it is estimated to grow at a CAGR of 6.60% from 2020 to 2028.
Water pipeline leak detection system is utilized for the detection of leak location in the pipeline. The water pipeline leakage can be recognized by utilizing acoustic and non-acoustic devices. Several sensors and data collectors are deployed within the water pipeline network, which transmit the valuable data to the network management centers, and are, in turn, helpful in detecting the leakage area. The growing demand for water pipeline leak detection systems is due to the increasing environmental concerns toward water scarcity catalyzed by the increasing global population. 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 a large number of 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 restricting factor for the market.
Based on offering, the hardware segment led the water pipeline leak detection system market in 2019. These sensors have in-built battery that lasts for around 5 years. They are installed where long term leak detection is required. These sensors are used to monitor and display water leakage situation, pinpoint the water leakage location, alert, and investigate history comments, construction repair work records, and pipe details file (mapping system). The water pipeline leak detection system software is used for pressure data from distributed control system (DCS), Supervisory control and data acquisition (SCADA), programmable logic controller (PLC), or remote terminal unit (RTU) systems. The software solution permits the hydraulic modelling for online leak detection, pipeline design, surge analysis, and pipeline optimization.
The software for water pipeline leak detection system allows the user to enhance the operations and improve performance for pipelines or networks. Depending on the equipment type, the market is segmented into acoustic and non-acoustic. Based on pipe type the market is segmented into plastic pipes, ductile iron pipes, stainless steel pipes, and others. Similarly, based on end user, the market is segmented into non-residential and residential. In terms of geography, in 2020, APAC was the fastest growing market. The Southeast Asia is the home for ~60% of the population across the world but only 36% of its water resources is available for the population. The situation of water scarcity across the Southeast Asia is anticipated to get worse due to increase in population, rapid urbanization, industrialization, groundwater overuse, environmental degradation, and climate change, unless urgent remedial action is taken.
Rising Scarcity of Water is Boosting the Demand for Water Wastage Solutions
Escalating Residential Construction Worldwide
High Costs of Water Pipeline Leak Detection Systems
Increasing Adoption of Computerized Systems and Digital Survey Systems
Innovation in Leak Detection Technology
Aqualeak Detection Ltd.
Atmos International Limited
Luna Innovations Inc.
TTK - Leak Detection System
HERMANN SEWERIN GMBH
MUELLER WATER PRODUCTS INC. (ECHOLOGICS)
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