[306 Pages Report] The global water leak sensors market is forecasted to be appraised at US$ 3,462.4 Mn by 2032, up from US$ 1,777.6 Mn in 2022, advancing at a CAGR of 6.9% during the forecast period.
| Report Attribute | Details |
|---|---|
| Water Leak Sensors Market Value (2022) | US$ 1,777.6 Mn |
| Water Leak Sensors Market Anticipated Value (2032) | US$ 3,462.4 Mn |
| Water Leak Sensors Projected Growth Rate (2032) | 6.9% |
Global demand for water leak sensors is supported by the following factors:
Although the water leak sensors market growth is healthy, hindrances such as the water infrastructure aging with time, causing pipe breakage, corrosion, formation of cracks, etc., effectuate the constant maintenance and replacement of these sensors.
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North America holds the largest share of the water leak sensors market, which is attributed to the presence of well-developed countries such as the U.S. and Canada, which propel the application and adoption of new technologies. Moreover, the presence of a huge industrial base, robust economic growth and enhanced living standards in this region is further estimated to support the water leak sensors market share. Governments in this region are heavily investing in this technology with the focus on overcoming the water leakage problem, as well as water scarcity caused by fluctuating climatic conditions, by implementing automatic water leak sensors.
The Asia Pacific is an emerging water leak sensors market owing to rapid industrialization and rising government investments. Moreover, developing economies have witnessed a population explosion which is likely to contribute to market growth. In addition, large production facilities in China, along with the low cost of raw materials, collectively possess a huge demand for water leak sensors in this region.
Numerous technological advancements, such as the deployment of digital survey systems, as well as computerized systems that are introduced to water leak sensors, are expected to boost global market growth. Moreover, extremely efficient sound detection functions upgraded in traditional acoustic detection sensors are likely to increase the adoption of the product. Since the installation of these systems reduces the cost of water supply, the decreased expenditure sustained on water wastage due to leaks is further anticipated to bolster the demand for water leak sensors. Manufacturers are primarily focused on establishing valuable, long-standing relationships with dedicated channel partners since these partnerships foster mutual growth options and are interested in working with like-minded companies. In order to prevail over these long-standing relationships with partners, key providers are offering their partners several benefits such as accelerated discount levels, additional discounts with easy online project registration, sales and technical training, webinars and email updates, marketing and tradeshow support, etc.
Providers are further offering the facility to include additional cable sensors that can be added for maximum sensing distance of up to 500 ft. or 150 meters. Consumers may test each cable sensor section of a water leak detector by pouring water on the applicable cable sensor section. A few other benefits of installing water detection systems are the facilities of immediate, flexible and redundant notification, highly reliable real-time monitoring, cost-effective technology at an unmatched value, realized contingency plan goals, etc. These are major aspects that are anticipated to spark creativity in manufacturers and hence, surge the global water leak sensors market growth.
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Increasing awareness amongst consumers about water conservation is likely to surge the demand for water leak sensors. Moreover, the ability to detect potential water leak problems at an early stage is anticipated to expand the market size.
The water leak sensors are expected to increase in sales owing to the rising demand for smartphones and computers. This is because electronic devices need to avoid water contact, which may damage the devices.
Installing water leak sensors to reduce financial risks is carried out to avoid extensive property damage from water leaks. This is likely to increase its adoption and boost market growth. The cost-effective technology of water leak sensors is anticipated to increase its deployment. Additionally, the water leak sensors are highly reliable in alerting water leaks at any given time.
The increasing awareness about water scarcity, as well as the importance of curbing illegal water trapping, is likely to surge the requirement to install water leak sensors. Likewise, strict government rules to address environmental issues encourage green building owners to reduce water wastage, further propelling the water leak sensors market share.
Rapid urbanization ensuring the establishment of both residential and commercial spaces is expected to amplify the need for water leak sensors installation. Likewise, the growing number of water treatment plans in developing economies is anticipated to expand the market size.
The limited use of water leak sensors in high end applications is activated anticipated to hinder the market growth. Moreover, the continual maintenance and replacement of cables are extracted to curb the consumer demands.
High costs associated to the installation of water leak sensors are likely to obstruct the water leak sensors market size. Furthermore, the COVID-19 pandemic and stringent lockdown regulations shut down the production and sales of water leak sensors.
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Various technological developments such as the adoption of computerized systems and digital survey systems, introduced to Water Leak Sensors are expected to boost the market growth. Likewise, traditional acoustic detection sensors upgraded with more efficient sound detection functions is likely to increase adoption of the product.
The decreased expenditure sustained on water wastage due to leaks is anticipated to accelerate the demand. This is because the installation of these systems reduces the cost of water supply.
Europe is the dominant water leak sensors market with a revenue of 24.2% in 2022. This is attributed to the growing awareness about the benefits of the product to avoid water wastage.
The several competitors in the market upgrading their product technologies and expanding their geographical foothold are likely to boost the global market growth. Moreover, the surge in the residential construction and growing need for an efficient water management system are likely to expand the water leak sensors market size.
The Asia Pacific is another dominating market for Water Leak Sensors, owing to government investments and rapid industrialisation.
Increasing population in several countries, along with emerging economies in this region, are likely to contribute to the market growth. Additionally, the low cost of raw materials and large production facilities in China, presents a huge demand for the product in this country.
North America is the second leading Water Leak Sensors market with a revenue of 18.9%. This is owing to the robust economic growth and enhanced living standards, requiring constant water leak detection. Moreover, favourable government policies that boost innovation and presence of a huge industrial base contributes to the market growth.
The rising issue of water scarcity in certain countries of this region due to climate change, is likely to surge the Water Leak Sensors demand. Furthermore, technological developments and high capital expenditure in the U.S., bolsters the global market size.
Water leakage is one of the most common causes of property damage, and it is slowly being recognized as a crucial issue in various sectors. This is a serious problem, especially in data centers, server rooms, offices, hospitals, commercial applications, etc. as they store huge amounts of information and data.
In addition to this, water scarcity is a growing complication in several developing countries which require immediate action. Hence, Water Leak Sensors are an important equipment in various sectors.
Start-up companies are aiming to improve traditional devices with new technology, as well as using innovative strategies to develop better equipment.
Water scarcity and water wastage are pushing market players to improve their stance in the market. Through research and development (R&D) activities and enhancement of smart water management solutions, the market players are aiming to change the face of the market.
key market players of the water leak sensors market:
Other market participants of the water leak sensors market:
Some of the recent developments in the Water Leak Sensors market are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.9% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2016 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Cable Size, End User, and Region. |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | TTK - Leak Detection System; Pentair; CMR Electrical; Aquilar Ltd; Dorlen Products Inc.; Yash Global Electronics Security Solution Private Limited; RLE Technologies; Leaksense Company Limited; Honeywell International Inc.; PA Vision Sdn Bhd; Honeywell International; Vivint Inc.; Samsung Electronics; Glentronics Inc.; SimpliSafe; Fibar Group; D-Link Corporation; Insteon Inc.; SDI Technologies Inc. (iHome). |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The water leak sensors market is likely to garner a CAGR of 6.9%, during the forecast period.
Europe is the leading water leak sensors testing market share.
By 2032, the water leak sensors market is likely to grow to a revenue of US$ 3,462.4 Mn.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Meters) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Meters) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Cable Size 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Meters) Analysis By Cable Size, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Meters) Analysis and Forecast By Cable Size, 2022-2032 5.3.1. 5 - 10 Feet 5.3.2. 10 - 15 Feet 5.3.3. 15 - 20 Feet 5.3.4. 20 - 25 Feet 5.3.5. Above 25 Feet 5.4. Y-o-Y Growth Trend Analysis By Cable Size, 2017-2021 5.5. Absolute $ Opportunity Analysis By Cable Size, 2022-2032 6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By End Use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Meters) Analysis By End Use, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Meters) Analysis and Forecast By End Use, 2022-2032 6.3.1. Residential 6.3.2. Commercial 6.3.3. Industrial 6.3.4. Municipal 6.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021 6.5. Absolute $ Opportunity Analysis By End Use, 2022-2032 7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Mn) & Volume (Meters) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Mn) & Volume (Meters) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Mn) & Volume (Meters) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Mn) & Volume (Meters) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Cable Size 8.2.3. By End Use 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Cable Size 8.3.3. By End Use 8.4. Key Takeaways 9. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Meters) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Meters) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Cable Size 9.2.3. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Cable Size 9.3.3. By End Use 9.4. Key Takeaways 10. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Meters) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Meters) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Cable Size 10.2.3. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Cable Size 10.3.3. By End Use 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Meters) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Meters) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Malaysia 11.2.1.5. Singapore 11.2.1.6. Australia 11.2.1.7. New Zealand 11.2.1.8. Rest of APAC 11.2.2. By Cable Size 11.2.3. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Cable Size 11.3.3. By End Use 11.4. Key Takeaways 12. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Meters) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Meters) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Cable Size 12.2.3. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Cable Size 12.3.3. By End Use 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Cable Size 13.1.2.2. By End Use 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Cable Size 13.2.2.2. By End Use 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Cable Size 13.3.2.2. By End Use 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Cable Size 13.4.2.2. By End Use 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Cable Size 13.5.2.2. By End Use 13.6. U.K. 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Cable Size 13.6.2.2. By End Use 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Cable Size 13.7.2.2. By End Use 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Cable Size 13.8.2.2. By End Use 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Cable Size 13.9.2.2. By End Use 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Cable Size 13.10.2.2. By End Use 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Cable Size 13.11.2.2. By End Use 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Cable Size 13.12.2.2. By End Use 13.13. Malaysia 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Cable Size 13.13.2.2. By End Use 13.14. Singapore 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Cable Size 13.14.2.2. By End Use 13.15. Australia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Cable Size 13.15.2.2. By End Use 13.16. New Zealand 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Cable Size 13.16.2.2. By End Use 13.17. GCC Countries 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Cable Size 13.17.2.2. By End Use 13.18. South Africa 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Cable Size 13.18.2.2. By End Use 13.19. Israel 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Cable Size 13.19.2.2. By End Use 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Cable Size 14.3.3. By End Use 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. TTK - Leak Detection System 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Pentair 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. CMR Electrical 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Aquilar Ltd. 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Dorlen Products Inc. 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Yash Global Electronics Security Solution Private Limited 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. RLE Technologies 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Leaksense Company Limited 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Honeywell International Inc. 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. PA Vision Sdn Bhd 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Water Leak Sensors Market
