Global Water Pipeline Leak Detection Systems Market 2020-2027: Business Development and Growth Opportunities by Industry Expert
PORTLAND, OREGON, UNITED STATES, October 25, 2020 /EINPresswire.com/ — Global water pipeline leak detection systems market size is expected to reach $2.3 billion in 2027 from $1.7 billion in 2019, growing at a CAGR of 6.8% from 2020 to 2027. In 2019, North America dominated the market, in terms of revenue, accounting for 37.4% share of the global water pipeline leak detection systems market.
Water pipeline leak detection systems assist in determining the location of leakages in underground and over ground pipelines. The direct loss of water through leakages not only causes wastage of treated water but also leads to wastage of energy and revenue associated with water conveyance and treatment.
Moreover, water pipeline leak detection systems are available in two basic types namely, acoustic and non-acoustic within which acoustic leak detectors are most widely utilized, owing to their simplicity in operation. Leak detection audits are also carried out periodically to collect leakage data, which makes it easy to identify and isolate problematic areas in water conveyance system.
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Moreover, North America is the highest contributor in the water pipeline leak detection systems market. The U.S. is a major contributor toward the water pipeline leak detection systems industry mainly owing to the aging water infrastructure in the country. The current water conveyance system in the U.S. was constructed in 1970s. An old water pipeline is expected to develop cracks and holes due to degradation of the pipe material. However, the European countries such as the UK, Germany, and others also provide significant contribution toward the growth of the water pipeline leak detection market.
The COVID-19 pandemic has negatively affected the market mainly due to the halt in international trade, prolonged lockdowns, and ceased manufacturing processes. In addition, the major end-user companies located in countries such as the U.S., China, Germany, the UK, and others are also facing financial impacts due to halted production, which is likely to hinder the growth of the market during 2020.
Based on the equipment type, the acoustic leak detectors segment holds the major market share, as these systems have been in the market for a long time and offer reliable leak detection results. In addition, the technological advancements in acoustic sensor technologies provide highly efficient results and is anticipated to provide growth opportunities for the market globally.
The global water pipeline leak detection systems market is segmented into location, equipment type, pipe material, end user, and region. By location, the market is categorized into underground and over ground. Depending on equipment type, it is segregated into acoustic and non-acoustic. On the basis of pipe material, it is differentiated into metallic and non-metallic. Based on end users it is bifurcated into residential and non-residential.
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The global water pipeline leak detection systems market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is expected to hold the largest market share throughout the study period, and Asia-Pacific is expected to grow at the fastest rate.
The major players operating in the water pipeline leak detection systems industry include Aqualeak Detection Ltd., Atmos International Limited, Gutermann AG, Hermann Sewerin GmbH, Mueller Water Products Inc., Ovarro Limited, QinetiQ Group plc, Seba Dynatronic Mess- und Ortungstechnik GmbH, TTK S.A.S., and Xylem Inc. (Pure Technologies Ltd.)
Source: EIN Presswire