Software and Services Segment is Expected to be Fastest Growing During Forecast period for SAM Region           

According to a new market research study on “SAM 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$ 72.84 million by 2028 from US$ 47.31 million in 2021. The market is estimated to grow at a CAGR of 6.4% from 2021 to 2028. The report provides trends prevailing in the SAM water pipeline leak detection system market   along with the drivers and restraints pertaining to the market growth. Innovation in leak detection technology and increasing adoption of computerized systems and digital survey systems are the major factor driving the growth of the SAM water pipeline leak detection system market. However, high cost of water pipeline leak detection systems hinders the growth of SAM water pipeline leak detection system market.           

Brazil is the worst-affected country by the COVID-19 pandemic in SAM, followed by Colombia, Argentina, and Peru. Governments of various countries in the region took several initiatives to protect people and control the disease spread in the region through lockdowns, trade bans, and travel restrictions. These measures directly hampered the economic growth of the region due to lowered export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. A sharp decline in the sales of electronics due to lockdown measures resulted in the limited growth of the water pipeline leak detection system market in SAM.

The SAM 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 Brazil, Argentina, and rest of SAM.       

Atmos International Limited, Gutermann AG, HERMANN SEWERIN GMBH, Luna Innovations Inc., Primayer, SebaKMT, and Xylem Inc. are among the leading companies in the SAM 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, Luna Innovation announced the acquisition of OptaSense Holding, Ltd., through this acquisition Luna strengthens its position in the market through the combined synergies and relevant market.

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

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