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Press Release:

Global Water Pipeline Leak Detection System Market to Witness Strong Growth During 2020-2025, Spurred by Increasing Construction Activities

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Water Pipeline Leak Detection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global water pipeline leak detection system market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Water pipeline leak detection equipment is used for the detection and determination of leak location in a pipeline. The water pipeline leakage can be identified by using acoustic and non-acoustic devices. Various sensors and data collectors are placed within the water pipeline network that transmit the data to the network management centre, which are helpful in identifying the leakage area. Moreover, the equipment also helps in reducing the cost of water supply, as utilities can cut down the expenditure incurred on water wastage due to a leak. Owing to this, water pipeline leak detection systems find wide applications across the residential, commercial, and industrial sectors.

The increasing demand for water pipeline leak detection systems can be attributed to the rising environmental concerns towards water scarcity catalysed by the growing global population. Furthermore, rapid urbanization, particularly across developing regions such as India and China has led to the rising development of both residential and commercial spaces, thereby augmenting the need for water pipeline leak detection solutions. Additionally, new residential and non-residential construction activities, along with several renovations of the depleting infrastructures have also augmented the market growth. Furthermore, growing investment towards the expansion of water pipeline coupled with the increasing number of water treatment plants in developing regions such as the Asia-Pacific, Middle East and Latin America is also driving the growth of the water leak detection equipment market. Besides this, the implementation of stringent government norms for reducing water wastage, along with the rising expenditure of water treatment and transmission companies on maintenance is also positively influencing the market growth. Various technological advancements have also led to the introduction of smart water metering and rising usage of Internet-of-Things (IoT) based monitoring systems. These factors are further driving the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global water pipeline leak detection market report, along with forecasts for growth at the global, regional and country-level from 2021-2026. Our report has categorized the market based on region, technology, equipment, pipe type, and end-use.

Breakup by Technology:

  • Ultrasonic
  • Smart Ball
  • Magnetic Flux
  • Fiber Optic
  • Other
     

Breakup by Equipment:

  • Acoustic
  • Non-Acoustic
     

Breakup by Pipe Type:

  • Plastic Pipes
  • Ductile Iron Pipes
  • Stainless Steel Pipes
  • Aluminium Pipes
  • Other
     

Breakup by End- Use:

  • Industrial
  • Residential
  • Commercial
  • Municipal
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • Poland
    • United Kingdom
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being NEC Corporation, Xylem, Inc., SPX Corporation, Mueller Water Products Inc, Gutermann AG., 3M Company, ABB Ltd., Badger Meter Inc., Perma-Pipe International Holdings, Inc.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Technology, Equipment, Pipe Type, End-Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Poland, China, Japan, India, South Korea, Australia, Brazil, Mexico, Turkey, Saudi Arabia, United Arab Emirates, Israel
Companies Covered NEC Corporation, Xylem, Inc., SPX Corporation, Mueller Water Products Inc, Gutermann AG., 3M Company, ABB Ltd., Badger Meter Inc. and Perma-Pipe International Holdings, Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option                                     Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Water Pipeline Leak Detection System Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Technology
    6.1    Ultrasonic
        6.1.1    Market Trend
        6.1.2    Market Forecast
    6.2    Smart Ball
        6.2.1    Market Trend
        6.2.2    Market Forecast
    6.3    Magnetic Flux
        6.3.1    Market Trend
        6.3.2    Market Forecast
    6.4    Fiber Optic
        6.4.1    Market Trend
        6.4.2    Market Forecast
    6.5    Other
        6.5.1    Market Trend
        6.5.2    Market Forecast
7    Market Breakup by Equipment
    7.1    Acoustic
        7.1.1    Market Trend
        7.1.2    Market Forecast
    7.2    Non-Acoustic
        7.2.1    Market Trend
        7.2.2    Market Forecast
8    Market Breakup by Pipe Type
    8.1    Plastic Pipes
        8.1.1    Market Trend
        8.1.2    Market Forecast
    8.2    Ductile Iron Pipes
        8.2.1    Market Trend
        8.2.2    Market Forecast
    8.3    Stainless Steel Pipes
        8.3.1    Market Trend
        8.3.2    Market Forecast
    8.4    Aluminium Pipes
        8.4.1    Market Trend
        8.4.2    Market Forecast
    8.5    Other
        8.5.1    Market Trend
        8.5.2    Market Forecast
9    Market Breakup by End-Use
    9.1   Industrial
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Residential
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Commercial
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Municipal
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Europe
        10.2.1 Germany
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 France
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 Italy
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 Spain
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Poland
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 United Kingdom
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Asia Pacific
        10.3.1 China
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 Japan
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 South Korea
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 India
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Australia
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Others
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
    10.4    Middle East and Africa
        10.4.1 Turkey
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Saudi Arabia
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 United Arab Emirates
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
        10.4.4 Israel
           10.4.4.1 Market Trends
           10.4.4.2 Market Forecast
        10.4.5 Others
           10.4.5.1 Market Trends
           10.4.5.2 Market Forecast
    10.5    Latin America
        10.5.1 Brazil
           10.5.1.1 Market Trends
           10.5.1.2 Market Forecast
        10.5.2 Mexico
           10.5.2.1 Market Trends
           10.5.2.2 Market Forecast
        10.5.3 Others
           10.5.3.1 Market Trends
           10.5.3.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Mueller Water Products Inc
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    NEC Corporation
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Xylem, Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    SPX Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Gutermann AG.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
        14.3.6    Badger Meter Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
           14.3.6.3 Financials
        14.3.7    ABB Ltd.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    3M Company
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    Perma-Pipe International Holdings, Inc
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
           14.3.9.3 Financials

List of Figures

Figure 1: Global: Water Pipeline Leak Detection System Market: Major Drivers and Challenges
Figure 2: Global: Water Pipeline Leak Detection System Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Water Pipeline Leak Detection System Market: Breakup by Technology (in %), 2020
Figure 4: Global: Water Pipeline Leak Detection System Market: Breakup by Equipment (in %), 2020
Figure 5: Global: Water Pipeline Leak Detection System Market: Breakup by Pipe Type (in %), 2020
Figure 6: Global: Water Pipeline Leak Detection System Market: Breakup by End-Use (in %), 2020
Figure 7: Global: Water Pipeline Leak Detection System Market: Breakup by Region (in %), 2020
Figure 8: Global: Water Pipeline Leak Detection Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Water Pipeline Leak Detection System (Ultrasonic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Water Pipeline Leak Detection System (Ultrasonic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Water Pipeline Leak Detection System (Smart Ball) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Water Pipeline Leak Detection System (Smart Ball) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Water Pipeline Leak Detection System (Magnetic Flux) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Water Pipeline Leak Detection System (Magnetic Flux) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Water Pipeline Leak Detection System (Fiber Optic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Water Pipeline Leak Detection System (Fiber Optic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Water Pipeline Leak Detection System (Other Technology) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Water Pipeline Leak Detection System (Other Technology) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Water Pipeline Leak Detection System (Acoustic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Water Pipeline Leak Detection System (Acoustic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Water Pipeline Leak Detection System (Non-Acoustic) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Water Pipeline Leak Detection System (Non-Acoustic) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Water Pipeline Leak Detection System (Plastic Pipes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Water Pipeline Leak Detection System (Plastic Pipes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Water Pipeline Leak Detection System (Ductile Iron Pipes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Water Pipeline Leak Detection System (Ductile Iron Pipes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Water Pipeline Leak Detection System (Stainless Steel Pipes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Water Pipeline Leak Detection System (Stainless Steel Pipes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Water Pipeline Leak Detection System (Aluminium Pipes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Water Pipeline Leak Detection System (Aluminium Pipes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Water Pipeline Leak Detection System (Other Pipes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Water Pipeline Leak Detection System (Other Pipes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Water Pipeline Leak Detection System (Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Water Pipeline Leak Detection System (Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Water Pipeline Leak Detection System (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Water Pipeline Leak Detection System (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Water Pipeline Leak Detection System (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Water Pipeline Leak Detection System (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Water Pipeline Leak Detection System (Municipal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Water Pipeline Leak Detection System (Municipal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: North America: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: North America: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: United States: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: United States: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Canada: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Canada: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Europe: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Europe: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Germany: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Germany: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: France: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: France: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Italy: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Italy: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Spain: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Spain: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Poland: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Poland: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: United Kingdom: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Others: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Others: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Asia Pacific: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Asia Pacific: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: China: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: China: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Japan: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Japan: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: South Korea: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: South Korea: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: India: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: India: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Australia: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Australia: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Middle East and Africa: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Middle East and Africa: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Turkey: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Turkey: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Saudi Arabia: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Saudi Arabia: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: United Arab Emirates: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: United Arab Emirates: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Israel: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Israel: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Others: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 88: Others: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 89: Latin America: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 90: Latin America: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 91: Brazil: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 92: Brazil: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 93: Mexico: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 94: Mexico: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 95: Others: Water Pipeline Leak Detection System Market: Sales Value (in Million US$), 2015 & 2020
Figure 96: Others: Water Pipeline Leak Detection Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 97: Global: Water Pipeline Leak Detection System Industry: SWOT Analysis
Figure 98: Global: Water Pipeline Leak Detection System Industry: Value Chain Analysis
Figure 99: Global: Water Pipeline Leak Detection System Industry: Porter’s Five Forces Analysis

List of Tables 

Table 1: Global: Water Pipeline Leak Detection System Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Water Pipeline Leak Detection Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 3: Global: Water Pipeline Leak Detection Market Forecast: Breakup by Equipment (in Million US$), 2021-2026
Table 4: Global: Water Pipeline Leak Detection Market Forecast: Breakup by Pipe Type (in Million US$), 2021-2026
Table 5: Global: Water Pipeline Leak Detection Market Forecast: Breakup by End-Use (in Million US$), 2021-2026   
Table 6: Global: Water Pipeline Leak Detection Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Water Pipeline Leak Detection System Market: Competitive Structure
Table 8: Global: Water Pipeline Leak Detection System Market: Key Players

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Key Question Answered in this Report

Due to the outbreak of the coronavirus disease (COVID-19) and the adoption of social distancing measures in numerous countries, the market is expected to be impacted negatively.

One of the primary factors driving the market growth is the rising concerns toward water scarcity. Rapid urbanization leading to the development of residential and commercial spaces, and continuous construction and renovation activities are also bolstering the market growth.

Several technological advancements, such as the introduction of smart water meters and the extensive usage of Internet-of-Things (IoT)-based monitoring systems are among the major market trends.

Based on technology, the market is divided into ultrasonic, smart ball, magnetic flux, fiber optic, and others.

The market has been categorized on the basis of equipment into acoustic and non-acoustic. At present, acoustic equipment exhibits a clear dominance in the market share.

On the basis of the pipe type, stainless steel pipes represent the most popular segment. Other major types are plastic, ductile iron, stainless steel, and aluminum pipes.

Based on the end use, market has been divided into the industrial, residential, commercial, and municipal sectors. The municipal sector currently represents the largest end use segment.

Region-wise, Asia Pacific (China, Japan, India, South Korea, Indonesia, Australia and others) exhibits a clear dominance in the global market. Other major markets include North America (the United States and Canada), Europe (Germany, the United Kingdom, Italy, France, Poland, Spain and others), Latin America (Brazil, Mexico and others), and Middle East and Africa (Turkey, Saudi Arabia, the United Arab Emirates, Israel and others).

Leading players operating in the industry are NEC Corporation, Xylem, Inc., SPX Corporation, Mueller Water Products, Inc., Gutermann AG and Badger Meter, Inc.

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