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).
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 Resideoís capabilities in smart monitored home solutions.
Influencing Market Trend
- Stainless Steel Pipes Account for a Significant Portion of the Market Share
- Increasing Investments in Infrastructure Development by Governments
- Rising Real Estate Market
- Developing Countries Present Huge Opportunity because of Increasing Investments in New Infrastructures in those Countries
- High Cost of Setting up this Systems to Existing Pipe Systems
- Requires Regular Maintenance
Key Target AudienceWater 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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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Water Leakage Detector Systems market expands?
The Global Water Leakage Detector Systems market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Water Leakage Detector Systems market?
The prominent players of Global Water Leakage Detector Systems market are 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), to name a few.
3. What are the top priorities to focus for Water Leakage Detector Systems marketís growth?
In this highly competitive & fast evolving Water Leakage Detector Systems industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.