North American is Anticipated to Dominate Water Leakage Tester Market
The rise in the adoption of
smart sensors and the increase in population are driving the water leakage
tester market in the forecast period of 2022-2017.
According
to TechSci Research report, " Water
Leakage Tester Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast. 2017–2027" The
water leakage tester market is
anticipated to indicate robust growth during the forecast period, 2022-2027. Due
to growing water treatment and transmission costs, expanding building projects,
and the increasing need to lessen damages brought on by water leaks, the market
for water leakage testers is anticipated to experience considerable expansion
in the coming years. Waste materials like hair or grease can harm the water
pipeline, leading to leaks, excessive water pressure, chemicals in the water,
soil conditions in the area, and fitting degradation. The outdated pipelines
cause a water loss of between 30 % and 50%. Therefore, using a water
leakage tester is essential since it enables users to take safety measures
before any damage happens.
As people become more aware of the
advantages of utilizing these tests to find and stop water leaks in buildings,
there is an increasing demand for them from the construction sector. Owing to
its mobility and ease of use, portable and handheld water leakage tests are
increasingly in demand from residential and commercial sectors. Automated water
leakage detection systems are becoming increasingly popular, which is predicted
to increase the need for water leakage testers soon. Over the next few years,
there will probably be chances for growth in the global market for water
leakage testers owing to rising government spending in infrastructure
development projects.
Maintaining water leakage testers used
in subterranean pipeline systems can be messy and challenging. The global
market for water leakage testers may see growth challenges due to the high
initial cost, installation issues, and ongoing maintenance needs.
The North American regional market is
predicted to expand at a modest rate during the forecast period due to changing
consumer attitudes toward the environment and water waste caused by faulty
plumbing systems. However, strict government rules about leakage detection may
impede both the current development and future expansion ambitions of the water
leakage industry in this Region.
Asia-Pacific has been the leading area
for the water leakage tester market since 2017 and is expected to maintain its
position during the forecast period. Due to the rising awareness of healthy
lifestyles and increased energy demand, the efficient product market is
expected to grow. The market's primary driver is the widespread use of these
devices for detecting water leakages in commercial buildings, hotels, hospitals,
and sectors. Europe also represented a large portion of worldwide revenue.
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data Figures spread through 110 Pages and an in-depth TOC on " Water Leakage Tester Market"
The global water leakage tester market is
segmented based on product type, location, offerings,
equipment, and end-use. Based on the product type, the market is divided into fixed
and portable leak detectors. Based on location, the market is divided into, underground
pipeline systems and overhead pipeline systems. Based on offerings, the market is divided into equipment
and inspection. Based on equipment, the market is divided into acoustics and non-acoustics.
Based on end use, the market is divided into commercial and residential.
Based on the product type, the market is
divided into fixed and portable leak detectors. For
subsurface applications, fixed leak detectors are particularly helpful. They
also work well for ongoing area monitoring. Fixed detectors are often used
where wireless systems are ineffective and are wired and remotely connected to
neighboring outlets to convey data. These elements are propelling the market
for leak-detecting sensors.
Fixture-mounted leak detectors can be
installed on any water pipeline through which leaks can be found. They can
sound an alarm if a leak is found, which can be highly useful for preventing
potential dangers from water leaks. The benefit of portable detectors is that
they may be transported from one location to another.
Based on location, the market is divided
into underground pipeline systems and overhead pipeline systems. The underground segment
dominates the market in the forecast period. Due to several advantages, the
majority of pipelines are built underground. Pipelines must be continuously
monitored to find leaks. Installing pipes above ground will cost more since
foundation costs must be considered. Additionally, installing and maintaining
the water leakage testers is untidy and challenging.
The major market players in the global
water leakage tester market are:
- Perma-Pipe International Holdings, Inc
- Pure Technologies Ltd.
- Atmos International
- TTK- Leak Detection System
- Aqua Leak Detection LLC
- Mueller Water Products, Inc.
- NEC Corporation
- ABB
- Siemens
- Schneider Electric
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"Water leaks are
becoming a serious problem as a result of the expanding construction projects,
growing populations, and industrialization in North America, Europe, and other
emerging regions. In the next years, it is anticipated
that increasing consumer demand for smartphones and computers would drive
demand for smart water leak detectors. Owing to this market is expected to grow
in the forecast period, "said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
Water Leakage Tester
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027, Segmented By Product
Type (Fixed Leak Detectors, Portable Leak Detectors), By Location (Underground
Pipeline Systems, Overhead Pipeline Systems), By Offerings (Equipment,
Inspection), By Equipment (Acoustics, Non-acoustics), By End Use (Commercial,
Residential), By Region has evaluated the future growth
potential of global water leakage tester market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in in the global water leakage tester market.
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