Water Leakage Detector Systems Global Market to Reach $7.5 Billion by 2030: Rising Water Pollution Levels Leading to Severe Shortage of Freshwater Drives the Demand


Dublin, March 24, 2023 (GLOBE NEWSWIRE) -- The "Water Leakage Detector Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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$7.5 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030.

Active Leak Detector Systems, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$5.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Passive Leak Detector Systems segment is readjusted to a revised 6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 9.7% CAGR

The Water Leakage Detector Systems market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$583 Million by the year 2030 trailing a CAGR of 9.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.

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 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • 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 digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages494
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$4.6 Billion
Forecasted Market Value (USD) by 2030$7.5 Billion
Compound Annual Growth Rate6.3%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • 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
  • 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?
  • 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
  • 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
  • Water Leakage Detector Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 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
  • Increased Demand for IOT-based Water Leak Detection Systems
  • MACRO DRIVERS
  • Surging Population and Increasing Need for Water Drives Demand
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Rapid Urbanization Aggravates Water Woes & Powers Demand for Water Leakage Detection Systems
  • World Urban Population in Thousands: 1950-2050P
  • 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
  • Drought Risk Score by Select Countries: 2019
  • 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
  • World Smart City Investments (in US$ Billion) for the Years 2020 through 2027

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/e3znf0

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Global Market for Water Leakage Detector Systems

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