
Published On: Mar 2022
Published On: Mar 2022
Non-Residential Segment to Dominate MEA Water Pipeline Leak Detection System Market During 2021–2028
According to a new market research study on “MEA 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$ 198.58 million by 2028 from US$ 120.66 million in 2021. The market is estimated to grow at a CAGR of 7.4% from 2021 to 2028. The report provides trends prevailing in the MEA water pipeline leak detection system market along with the drivers and restraints pertaining to the market growth. Burgeoning innovation in leak detection technology and rising adoption of computerized systems and digital survey systems are the major factor driving the growth of the MEA water pipeline leak detection system market. However, high cost of water pipeline leak detection systems hinders the growth of MEA water pipeline leak detection system market.
South Africa, Iraq, Israel, Morocco, Saudi Arabia, and the UAE are among the major countries in the MEA that have faced the serious economic impacts of COVID-19. The region comprises many growing economies, such as the UAE and Saudi Arabia, which are prospective markets for water pipeline leak detection system providers due to the huge presence of residential, commercial, and industrial sectors. The MEA countries, especially those with oil-based economies, were already suffering the consequences of falling oil prices, while the COVID-19 pandemic has presented further challenges for these countries. Factory and business shutdowns, and travel bans aggravated the economic problems in 2020. The prominent measures circulated by the WHO and local health authorities to control COVID-19 spread included self-isolation, frequent handwashing and sanitization, and lockdowns assume that communities, societies, and residential pipelines have sustainable access to acceptable amounts of adequate quality water. Nevertheless, developing countries are increasingly facing issues with water security, with the poorest and vulnerable populations being particularly at risk. Hence, the estimated decline in the economic conditions of the MEA and limited growth of various industries hindered the MEA water pipeline leak detection system market growth till mid-2021.
The MEA 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 UAE, Saudi Arabia, South Africa, and rest of MEA.
Aqualeak Detection Ltd., Atmos International Limited, Gutermann AG, HERMANN SEWERIN GMBH, MUELLER WATER PRODUCTS INC., Primayer, SebaKMT, TTK - Leak Detection System, and Xylem Inc. are among the leading companies in the MEA 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 2019, Gutermann AG launched the world’s first Zonescan NB-IoT leak logger for permanent monitoring of water distribution mains. The Zonescan Narrowband Internet of Things (NB-IoT) logger is Gutermann first cellular logger; it is a fully correlating system that can identify even quiet leaks.
MEA Water Pipeline Leak Detection System Market, By Country, 2020 and 2028 (%)
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