Internet of Things (IoT) proving in pipeline leak detection, rising demand for pipeline monitoring solutions due to increase in pipeline infrastructure
The global Water Pipeline Leak Detection Systems Market size was robust in 2021 and is expected to register a steady revenue CAGR over the forecast period. One of the key factors driving market revenue growth is increased consumption of the material from industrial applications such as restaurants, clinics, commercial complexes, and others. They are used to cover the inside and outside of buildings, as well as to create ornamental and aesthetic glass mosaics. Porcelain tiles are bits of glass that have been molded into uniform forms. They have grown in popularity as field and accent tiles in recent years. This trend can be linked to recent technological advancements as well as the intrinsic features of tiles, notably their ability to impart strong color and reflect light, as well as their water resistance. These reasons are driving revenue growth of the market during the forecast period.
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Top Leading Players: Orbcomm Inc., Transcanada, Honeywell International Inc, Pure Technologies, Atmos International, Aqua Leak Detection LLC, Mueller Water Products Inc, Schneider Electric, Siemens AG, Huawei Technologies Co. Ltd.
Key Companies in the market include:
- Sewer and water leakages in underground pipes have become a critical issue for management authorities in most countries—developed and developing alike worldwide. Leakages in sewer and water pipe may lead to several problems, such as a shortage of drinking water, groundwater contamination, and ground subsidence. Numerous nations are investing a considerable amount of their annual budget towards the prevention and control of the probable effects of sewer and pipe leakage. These issues further exacerbate infrastructure and environmental conditions that support human socioeconomic activities
- Based on the Pipe type, the metallic pipe segment expected to grow at a higher rate during the projected time, as it is the primary material used for the construction of pipes. Metallic pipes mostly favored over other pipe types due to their high durability and strength, regardless of the liquids that they bring. This growth can be attached to its high pressure-carrying strength for any material transporting through metallic pipes.
- By solution, the leak detection application segment is projected to grow at the highest CAGR from 2019 to 2024. This growth can be attributed to the increasing investments from oil & gas companies in pipe monitoring infrastructures for safe transportation of liquids. Pipe leakage detection systems help in detecting damages across pipeline infrastructures. These systems detect leaks based on flow, pressure, temperature, and density.
- The pipeline leak detection systems market determined by new pipeline projects rising spending of transmission & treatment companies on maintenance, residential & non-residential buildings, rapid construction of population growth & urbanization, increasing demand from numerous actions in industries, growing environmental concerns, and role of the government in authorizing the usage of leak detection measures to avoid liquid loss.
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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