The report provides an extensive analysis of the current and emerging global water pipeline leak detection systems market trends and dynamics.
Introduction and implementation of such advance technologies are likely to create lucrative opportunities for the growth of water pipeline leak detection systems market during the forecast period. The traditional acoustic detection sensors are upgraded with more efficient sound detection functions which has increased their efficiency. On the contrary, in recent years, pipeline leak detection systems have undergone various technological advancements by adoption of computerized systems and digital survey systems. This has hampered the growth of water pipeline leak detection systems market significantly within the last few months, as is likely to continue during 2020. In addition, the COVID-19 pandemic has shut-down the production and sales of various products in the water pipeline leak detection systems industry, mainly owing to the prolonged lockdown in major global countries including the U.S., Italy, the UK, and others. The high costs of water pipeline leak detection systems and lack of awareness between governments of developing countries is restraining the growth of the market. However, the inefficient water transportation system in developing countries along with water scarcity, and low funds for installation of pipeline leak protection and detection causes extreme loss of water. Get more information on this report : Request Sample Pages
Thus, the aging water infrastructure is creating a demand for sophisticated leak detection systems, which drives the growth of the market. The installation of water pipeline leak detection systems assist in detecting the location of leakages in these aging water transit pipelines and help in avoiding wastage of clean treated water. However, this water infrastructure is aging with time, causing problems such as pipe corrosion, breakage, formation of cracks, and others. Moreover, the developed countries such as the U.S., the UK, and others, have an elaborate water infrastructure developed during 1970. Therefore, the increasing scarcity of water is propelling the demand for water wastage solutions, which in turn drives the market. Installation of proper water pipeline leak detection systems assist in specifying the leakages in installed water pipes, which ultimately avoids the wastage of water through cracks and holes. In order to tackle this problem, it is necessary to conserve and utilize water safely. More than 2 billion population globally is currently staying in countries with high water stress as per the 2018 statistics provided by the United Nations (UN). According to the World Health Organization (WHO) this is mainly caused due to failure of institutions to provide regular supply of water or because of lack of proper infrastructure. The scarcity of water is a rising global concern mainly owing to the shortage of physical water required for the growing population.
Water pipeline leak detection systems are available for both underground and over ground water pipelines to precisely locate and check the severity of pipeline leak. Around 30% to 50% of water is lost through the aging pipelines, which also contributes toward loss of revenue. Water pipeline leak detection systems are utilized to determine the location of the leak in water transmission pipelines. The global water pipeline leak detection systems market size is expected to reach $2,349.6 million in 2027, from $1,748.6 million in 2019, growing at a CAGR of 6.8% from 2020 to 2027. Water Pipeline Leak Detection Systems Market Outlook - 2027
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