Global Water Leakage Detector Systems Market 2017-2021

Overview of the global water leakage detector systems market

There is an increase in water stress level across the world due to the growing demand for water and a shortage of supply. Technavio’s market research report has identified this rising water stress level as one of the primary factors that will fuel the growth of the water leakage detector systems market in the coming years. The rising pollution levels, climate change, and geographical differences, increasing population, changing consumption patterns, and urbanization are some of the factors responsible for the increasing water-stress levels. The need to reduce water-wastage levels by detecting inefficiencies in water supply systems such as water sensor, water detector, water leak alarm, and water pipelines increases with the rising water stress level. This, in turn, will drive the application of water leakage detector systems in building societies, municipalities, industries, and commercial owners. Our market research analysts have estimated that this market will grow steadily at a CAGR of about 6% by 2021.

The introduction of an advanced water leak detector is identified as one of the key trends that will gain traction in the water leakage detector systems market in the coming years. The advanced leakage detectors are sophisticated and user-friendly and can be deployed on any pipe material including polyvinyl chloride (PVC) pipes. The R&D teams of many companies are working hard to understand the challenges that can arise while using leakage detectors. For example, the Echologics’ proprietary acoustic technology (LeakFinder) helps in advanced IoT-enabled leak detection. Moreover, the company provides training on the technology that is incorporated into its detectors. Owing to the advancement in technology, it is eminent that the water leakage detector sensor market will grow during the forecast period.

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Competitive landscape and key vendors

The competition in the market is very high due to the presence of several international and regional players across the world. The key vendors in the market primarily cater to the commercial and industrial sectors and increase their penetration and this, in turn, increases the competition among the regional vendors. Reliability, technology, and price are the three most important factors on which the competition in the water leakage detector sensor market depends. To sustain this highly competitive market, the key players need to be technologically advanced.

The leading vendors in the market are-

• 3M
• ABB
• Badger Meter
• Gutermann AG
• Halma

The other prominent vendors in the market are Aquilar, Honeywell International, Mueller Water Products, NEC Corporation, Pentair, Pure Technologies, Schneider Electric, Siemens, SPX Corporation, and TTK.

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Segmentation by product type and analysis of the water leakage detector systems market

• Fixed leak detector
• Portable leak detector

During 2016, fixed leak detector segment accounted for the major share of the water leakage detector systems market. Fixed leak detectors are very useful for underground applications and it is efficient in continuous area monitoring. Fixed detectors are generally wired and remotely connected to a nearby connector for transferring data and they are deployed in areas where wireless systems do not work properly. These factors are driving the water leakage detector sensor market.

Segmentation by geography and analysis of the water leakage detector systems market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the water leakage detector systems market throughout the forecast period. Last few years there was a steep growth in the number of water leakage detector system installations among water service providers, especially in the US and Canada. Moreover, with the growing technological advancements, increasing investments, and governmental support, the number of water leakage detector systems installations are increasing, which is triggering the growth of the water leakage detector sensor market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global water leakage detector systems market?
• What are the key market trends impacting the growth of the global water leakage detector systems market?
• What are the challenges to global water leakage detector systems market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global water leakage detector systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global water leakage detector systems market?

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