Hardware Segment to Dominate North America Water Pipeline Leak Detection System Market   During 2021–2028

 According to a new market research study on “North America 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$ 853.89 million by 2028 from US$ 582.46 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report provides trends prevailing in the North America water pipeline leak detection system market   along with the drivers and restraints pertaining to the market growth. Growing scarcity of water is boosting the demand for water wastage solutions and rising residential construction are the major factor driving the growth of the North America water pipeline leak detection system market. However, expensive installation and maintenance hinders the growth of North America water pipeline leak detection system market.     

North America is one of the most prominent regions adopting and developing new technologies due to favorable government policies that boost innovation, the presence of a huge industrial base, and high purchasing power of people, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to limit the region's economic growth. COVID-19 has negatively impacted businesses in the region in four critical areas—supply chain/operations, workforce availability, investments (in 2020), and product offering. In the first nine months, overhead costs—including expenses for sales, research, and development (R&D), and administration of various providers—fell adversely due to severe measures taken during the pandemic. Despite the effects of the global outbreak, earnings of people improved, primarily due to continuous optimization of the cost structure. However, the indefinite pause in infrastructure development activities and the limited presence of laborers hampered old water supply pipeline infrastructure maintenance and renovation projects.

The North America 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 US, Canada, and Mexico.

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 North America 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, Aqualeak Detection Ltd. announced a new partnership with SOS Leak Detection. The partnership is for the preferred UK installation provider for Aqualeak’s residential flow-based leak detection and prevention devices.

North America Water Pipeline Leak Detection System Market, By Country, 2020 and 2028 (%)

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