Report : Europe Water Pipeline Leak Detection System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Hardware and Software and Services), Equipment Type (Acoustic and Non-Acoustic), Pipe Type (Plastic Pipes, Ductile Iron Pipes, Stainless Steel Pipes, and Others), and End User (Non-Residential and Residential)
Acoustic Segment to Dominate Europe Water Pipeline Leak Detection System Market During 2021–2028
According to a new market research study on “Europe Water Pipeline Leak Detection System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Offering, Equipment Type, Pipe Type, and End User,” is expected to reach US$ 778.21 million by 2028 from US$ 485.59 million in 2021. The market is estimated to grow at a CAGR of 7.0% from 2021 to 2028. The report provides trends prevailing in the Europe water pipeline leak detection system market along with the drivers and restraints pertaining to the market growth. Accentuating residential construction and increasing scarcity of water is boosting the demand for water wastage solutions are the major factor driving the growth of the Europe water pipeline leak detection system market. However, overpriced water pipeline leak detection systems hinders the growth of Europe water pipeline leak detection system market.
Businesses in Europe faced severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2021. Countries such as Italy, Spain, and Germany implemented drastic measures and travel restrictions to limit the spread of SARS-CoV-2 in 2020. European countries represent a major market for water pipeline leak detection system adoption due to the presence of old water supply infrastructure. However, prolonged lockdown phases in several European countries hampered the installation of advanced leak detection systems. The global water sector in the region was impacted by the COVID- 19 across five major trends such as global warming, which has led to an increase in occurrence of droughts and floods, challenging the flexibility of water and sanitation systems; growing number of people living in areas facing water stress that is rising the supply vulnerabilities; rapid urbanization, which stresses the existing water resources and ecosystems; the development of megacities, creating challenge for the extending water and sanitation services.
The Europe water pipeline leak detection system market is segmented on the basis of offering, equipment type, pipe type, end user, and country. Based on offering, the market is segmented as hardware and software and services. The hardware segment dominated the market in 2020 and software and services segment is expected to be fastest growing during forecast period. On the basis of equipment type, the market is segmented as acoustic and non-acoustic. The acoustic segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Further, based on pipe type, the market is segment as plastic pipes, ductile iron pipes, stainless steel pipes, and others. The ductile iron pipes segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Furthermore, on the basis on end user, the market is segmented as residential and non-residential. The non-residential segment dominated the market in 2020 and same segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
Aqualeak Detection Ltd., Atmos International Limited, Gutermann AG, HERMANN SEWERIN GMBH, Luna Innovations Inc., MUELLER WATER PRODUCTS INC., Primayer, SebaKMT, TTK - Leak Detection System, and Xylem Inc. are among the leading companies in the Europe water pipeline leak detection system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Primayer announced its support to Beacon Project in Nepal. The project is aiming to bring decent toilets, clean water, and good hygiene to people residing in Lahan in southeastern Nepal.
Europe Water Pipeline Leak Detection System Market, By Country, 2020 and 2028 (%)
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