The Water Leakage Detector Systems market research report includes basic, secondary, and advanced data related to the state and trend globally, as well as market size, sales volume, market share, growth, future trends analysis, segment, and forecasts from 2023 to 2033.
By the end of 2033, the market for water leakage detector systems is expected to grow from its present worth of US$ 4.7 billion to US$ 8.3 billion at a CAGR of 5.8%. Water leaks are common in both residential and non-residential settings and cost millions of dollars in waste and damage each year.
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The market status, market share, growth rate, sales volume, anticipated trends, market drivers, market constraints, revenue generation, opportunities and challenges, risks and entry barriers, sales channels, and distributors are all evaluated in this market analysis as well.
Key findings of the Water Leakage Detector Systems market study:
- Regional breakdown of the Water Leakage Detector Systems market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Water Leakage Detector Systems vendors in detail.
- Region-wise and country-wise fragmentation of the Water Leakage Detector Systems market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Water Leakage Detector Systems market.
The global water leakage detector systems market is fragmented, with various international and regional players competing for recognition in a relatively competitive market. Moreover, the global market is experiencing increased competitive rivalry as a result of new startups in AI and IoT-based offerings, which are likely to grow throughout the forecast period.
- Ovarro Limited unveiled the Eureka5, an upgraded leak noise logger, in May 2022. The Eureka5 can enhance the accuracy of a detected leak’s location with the press of a button. The speed of sound inside the pipe is a crucial aspect in pinpointing the location of a leak.
- Ben Crabtree, the product line manager of Control Point at Ovarro, stated in March 2022 that the UK water sector had made remarkable achievements in reducing leakage; however, a data-led strategy on the flange and joint assemblies, together with worker training, can still deliver considerable advantages.
- The ABB Ability Smart Solution for Wastewater was introduced in February 2022. This computerized technology addresses the challenge that wastewater treatment plant operators confront in meeting low energy consumption while satisfying high operational demands. The two fundamental foundations of the unique system, which predicts future operational needs, are advanced process control (APC) and digital twin and simulation technologies.
- ABB introduced an electromagnetic flowmeter with bidirectional communication in December 2021 to support intelligent water loss management. The AquaMaster 4 Mobile Communications devices can communicate through NB-IoT and 4G-LTE networks, enabling plant engineers to monitor the state of the water systems.
- ABB collaborated with a Danish water environment specialist in October 2021 to create the next generation of smart water solutions that encourage more careful water use. With these solutions, customers in this sector can better control water availability and increase plant operating effectiveness in both process and energy optimization.
Top Companies in Water Leakage Detector Systems Market
- 3M Company
- Hermann Sewerin GmbH
- ABB Ltd
- Aqualeak Detection Ltd
- NEC Corporation
- Atmos International Inc
- Badger Meter Inc
- Perma-Pipe International Holdings, Inc
- Gutermann AG
- Seba Dynatronic Mess- und Ortungstechnik GmbH
- Ovarro Limited
- Pentair plc
- Resideo Technologies, Inc
- Yokogawa Electric Corporation Schneider Electric SE
- SPX Corporation
Segments of Water Leakage Detector Systems Industry Research
- By Type :
- Active Leak Detector Systems
- Passive Leak Detector Systems
- By End Use :
- Water Supply Systems
- Other End Uses
- By Region :
- North America
- Latin America
Queries addressed in the Water Leakage Detector Systems market report:
- Why are the Water Leakage Detector Systems market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Water Leakage Detector Systems market?
- Which regions are displaying the fastest growth in the Water Leakage Detector Systems market?
- What are the underlying micro-macroeconomic factors affecting the global Water Leakage Detector Systems market?