What is Water Leakage Detector Systems Market Scope?
Water Leakage Detector Systems are comprehensive systems including software and hardware which are utilized to detect any kind of water leakages in pipe systems. Water leakage detector systems use technologies such as ultrasonic, smart ball, fiber optic, magnetic flux, and others. There is both a traditional form of detection of water leakage using wired machinery and wireless machinery with wireless detection systems rising in popularity and demand. The residential Sector is expected to drive major demand in the coming years because of a surge in the real estate market. Geographically, North America is the biggest market.
The Water Leakage Detector Systems market study is being classified and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Water Leakage Detector Systems market throughout the predicted period.
NEC Corporation (Japan), SPX Corporation (United States), Mueller Water Products Inc. (United States), Xylem, Inc. (United States), Gutermann AG (Switzerland), ABB Ltd. (Switzerland), Perma-Pipe International Holdings, Inc. (United States), 3M Company (United States), Badger Meter Inc. (United States), Hermann Sewerin GmbH (Germany) and Aqualeak Detection Ltd. (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are TTK S.A.S. (France), Watts (United States) and Resideo Technologies Inc. (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Water Leakage Detector Systems market by Type, Application and Region.
On the basis of geography, the market of Water Leakage Detector Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In 2021, Watts, a leading provider of plumbing, heating, and other water-related solutions has announced the acquisition of detection group, inc. The Detection Group provides wireless water leak detection systems as well as wireless water security solutions. The acquisition deal will expand the product portfolio of Watts in water solutions offered.
In 2019, Resideo Technologies Inc., a US-based provider of home solutions such as control, alert, and monitoring systems has announced the acquisition of Buoy Labs. Buoy Labs provides smart wifi-based software and hardware solutions that detect potential leakages, and the amount of water consumed by homes. They provide these services through subscription-based apps. The acquisition will bolster Resideo’s capabilities in smart monitored home solutions.
Influencing Market Trend
- Stainless Steel Pipes Account for a Significant Portion of the Market Share
Market Drivers
- Increasing Investments in Infrastructure Development by Governments
- Rising Real Estate Market
Opportunities
- Developing Countries Present Huge Opportunity because of Increasing Investments in New Infrastructures in those Countries
Restraints
- High Cost of Setting up this Systems to Existing Pipe Systems
Challenges
- Requires Regular Maintenance
Key Target Audience
Water Leakage Detector Systems Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries and Others
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