Global Water Leakage Detector Systems Strategic Analysis Report 2024-2030: AI Emerge as Game-Changing Technology, Multiple-sensor Systems Witness Increased Demand

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Feb 22, 2024, 23:00 ET

DUBLIN, Feb. 22, 2024 /PRNewswire/ -- The "Water Leakage Detector Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Water Leakage Detector Systems Market to Reach $7.2 Billion by 2030

The global market for Water Leakage Detector Systems estimated at US$4.6 Billion in the year 2022, is projected to reach a revised size of US$7.2 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030. Active Leak Detector Systems, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$5.2 Billion by the end of the analysis period. Growth in the Passive Leak Detector Systems segment is estimated at 5.5% CAGR for the next 8-year period.

The report delves into the impact of the pandemic on the water supply sector, highlighting the demand-supply gap and the importance of water leakage detection systems. It examines the competitive landscape, including market share analysis for water leakage detector systems in 2023 and categorizes competitive market presence as strong, active, niche, or trivial for 107 players worldwide.

The document provides essential insights into water resources, including their distribution, quality, and consumption by various sectors. It introduces leak detection systems, discussing their significance, causes of water leaks, and the emergence of smart leak detection technologies. The market prospects and outlook are explored, emphasizing the dominance of active water leak detection systems and providing regional market analyses. Additionally, recent market activity is reviewed to offer a comprehensive understanding of the water leakage detection systems market.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 9.4% CAGR

The Water Leakage Detector Systems market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$723.1 Million by the year 2030 trailing a CAGR of 9.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

MARKET TRENDS & DRIVERS

Increasing Water Scarcity Globally Drives the Demand for Water Leakage Detection Systems
Rising Water Pollution Levels Leading to Severe Shortage of Freshwater, Driving the Demand for Water Leakage Detection Systems
Technological Advancements Drive Market Growth
Algorithms & Mathematical Modeling to Detect Leakage
Hydrophones & Household Meters for Leak Detection
Centralized Data Management
AI Emerge as Game-Changing Technology for Water Leak Detection
Water Leakage Detection Sensor Saves Infrastructure
Computer Vision in Leak Detection Systems
Smart Water Leak Detectors Witness Increased Demand
Smart Devices for Enhanced Control in Smart Homes
Rising Awareness about Smart Water Leak Detection Systems
Commercial Water Leak Detection Service: A Brisk Business with Riveting Merits
Features of Commercial-Grade Water Leak Detection Systems
Finding the Best Process for Robust Commercial Water Leak Detection
Building Trends, Plumber's Support & Discounts Drive Market Demand
Smart WI-FI Water Sensor Leak Detector Technology Come to the Rescue
Data Centers: An Important Consumer of Water Leakage Detector Systems
Water Leakage Detector Systems Remain Crucial to Prevent Major Service Interruptions in Modern Data Center Operations
Leakage Detection Systems Finds Application in Wide Range of Industries
Industry Standards Ensure Improved Performance
Non-Invasive Acoustic Technology becomes More Audible in Water Leak Detection Arena
Advanced Pipeline Water Leak Detection Approaches Gaining Center-Stage Attention
Satellite Images for Leak Detection
Micro Leaks Detection Solutions
Magnetic Field Sensors
IoT-Powered Leak Detection
Leak Detection with Valve Control
Multiple-sensor Systems Witness Increased Demand
Increased Demand for IOT-based Water Leak Detection Systems
MACRO DRIVERS
Surging Population and Increasing Need for Water Drives Demand
Rapid Urbanization Aggravates Water Woes & Powers Demand for Water Leakage Detection Systems
Global Warming & Climate Change to Encourage Pervasive Adoption
Smart Cities Concept to Underpin Sales Growth in the Coming Years

FOCUS ON SELECT PLAYERS (Total 107 Featured)

3M Company
ABB Ltd.
D-Link Corporation
Badger Meter, Inc.
Dwyer Instruments, Inc.
BARTEC Top Holding GmbH
Afriso-Euro-Index GmbH
AmeriWater
Esders GmbH
Atmos International Inc.
Cygnus Instruments Inc.
Echologics
BehrTech
Flo Technologies, Inc.
Advantedge Technologies

For more information about this report visit https://www.researchandmarkets.com/r/m582ro

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