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We expect the global water pipeline leak detection system market to grow at a CAGR of 6.8% during 2022-2027.
The rising concerns toward water scarcity, along with the ongoing renovation of existing pipeline systems, represent some of the key factors driving the global water pipeline leak detection system market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary halt in numerous construction activities, thereby limiting the demand for water pipeline leak detection system.
Based on the equipment, the global water pipeline leak detection system market can be segmented into acoustic and non-acoustic, where non-acoustic equipment currently exhibits a clear dominance in the market.
Based on the pipe type, the global water pipeline leak detection system market has been bifurcated into plastic pipes, ductile iron pipes, stainless steel pipes, aluminum pipes, and others. Currently, iron pipes hold the majority of the total market share.
Based on the end-use, the global water pipeline leak detection system market can be divided into industrial, residential, commercial, and municipal. Among these, the municipal sector currently represents the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global water pipeline leak detection system market include NEC Corporation, Xylem, Inc., SPX Corporation, Mueller Water Products Inc, Gutermann AG., 3M Company, ABB Ltd., Badger Meter Inc., Perma-Pipe International Holdings, Inc., etc.
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