Global market for Water Leakage Detector Systems estimated at US$4.6 Billion

The global market for Water Leakage Detector Systems estimated at US$4.6 Billion in the year 2022, is projected to reach a revised size of US$7.2 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030. Active Leak Detector Systems, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$5.2 Billion by the end of the analysis period. Growth in the Passive Leak Detector Systems segment is estimated at 5.5% CAGR for the next 8-year period.

The report delves into the impact of the pandemic on the water supply sector, highlighting the demand-supply gap and the importance of water leakage detection systems. It examines the competitive landscape, including market share analysis for water leakage detector systems in 2023 and categorizes competitive market presence as strong, active, niche, or trivial for 107 players worldwide.

The document provides essential insights into water resources, including their distribution, quality, and consumption by various sectors. It introduces leak detection systems, discussing their significance, causes of water leaks, and the emergence of smart leak detection technologies. The market prospects and outlook are explored, emphasizing the dominance of active water leak detection systems and providing regional market analyses. Additionally, recent market activity is reviewed to offer a comprehensive understanding of the water leakage detection systems market.

The Water Leakage Detector Systems market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$723.1 Million by the year 2030 trailing a CAGR of 9.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.