Global Water Leakage Tester demand is projected to be valued at US$ 1.95 Billion in 2022, forecast to grow at a CAGR of 4.7% to be valued at US$ 3.1 Billion from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 1.86 Billion |
| Expected Market Value (2022) | US$ 1.95 Billion |
| Anticipated Forecast Value (2032) | US$ 3.1 Billion |
| Projected Growth Rate (2022-2032) | 4.7 % CAGR |
Water leakage incidents that occur at various residential or non-residential places result in the loss of a large quantity of water. Water leakages can damage older or newly constructed buildings. The various reasons for water leakage can be everyday wear and tear in the building or pipeline.
Waste such as hair or grease can cause damage to the water pipeline and result in water leakage, high water pressure, various chemicals present in the water, conditions of the soil in the particular area, and breakdown of fittings. Thus, the use of water leakage testers is necessary and allows the users to take safety precautions before any damage occurs.
The water leakage tester market is expected to witness significant growth in the next few years due to the rising expenditures on water treatment and water transmission projects, rising construction works, and the rising need to reduce the damages resulting due to the water leakage.
There is an increase in water stress levels across the world. The increase in population, water shortages, and growing demand for water are some of the important factors fueling growth in the water leakage tester market. The increasing water stress levels due to the rising pollution levels, climate changes, geographical conditions at various places, population increase, changes in water consumption patterns, and urbanization drive the global water leakage tester market.
The need to reduce water wastage levels by detecting the inefficiencies in water supply systems using various equipment such as water detectors, water sensors, water leakage alarms also lead to growth in the water leakage tester market. The need to reduce water wastage levels in buildings, societies, municipalities and commercial buildings is expected to drive the global water leakage tester market.
The water leakage tester market is expected to grow due to the need for new pipeline protection methods, high investments made on water transmission and water treatment methods, increase in construction of new residential and non-residential buildings, increasing environmental concerns. In addition to this, the role of the government in empowering the water leakage tester market also drives the global water leakage tester market.
The installation of water leakage tester in underground pipeline systems can be messy and the maintenance will be difficult. The initial cost, installation problems, and maintenance required for water leakage tester can hinder the growth in the global water leakage tester market.
The increasing construction works, rising populations, and industrialization in the emerging market of Southeast Asia and elsewhere generate growing demand for water, leaks from water pipes are becoming a major concern.
Not only do these water leaks waste precious water resources, but they also hinder sound waterworks management. Moreover, in this region, “non-revenues water” accounts for nearly 30% or more in many cities, placing heavy financial pressures on waterworks operators. Thus, the demand for water leakage testers has emerged rapidly in recent years.
The cities of Europe have the most potential for major water leaks- and the older the urban areas, the bigger the problems, with their complex networks of aging pipes. Therefore, it becomes necessary for the installation of water leakage testers in the region to resolve the issues of water wastage at several places.
Key players have developed a new method that targets water leaks in transmission mains, which are typically routed out of sight underground. Water transmission networks in Europe are fitted with sensors that measure pressure to gauge flow and identify any water leakage immediately. These factors are pushing the demand for water leakage testers in the province.
The North America and Latin America regions are expected to be the major revenue contributors in the global water leakage tester market during the forecast period.
According to a recently published report by Stanford researchers, an estimated 20 to 50% of water is wasted through leakage in the North American supply system. This is a foremost concern as utilities contend with how to sustain a growing population in an age of water scarcity. Hence, the government is employing water leakage testers in the water supply systems in houses, industries, etc. to eradicate the problem of water loss and effective usage of resources.
Some of the key participants present in the global demand of Water Leakage Tester market include Perma-Pipe Inc., Pure Technologies Ltd, Atmos International, TTK- Leak Detection System, Aqua Leak Detection LLC, Mueller Water Products, Inc., NEC Corporation, Badger Meter Inc., 3M, ABB, Gutermann AG, Aquilar, Hitachi, Siemens, Halma, and Schneider Electric. among others.
| Report Attribute | Details |
| Growth Rate | CAGR of 4.7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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FMI projects the global demand of the Water Leakage Tester market to expand at a 4.7% value CAGR by 2032
North America is expected to be the most opportunistic Water Leakage Tester market, expanding at a ~4% CAGR
Perma-Pipe Inc., Pure Technologies Ltd, Atmos International, and Aqua Leak Detection LLC, are some prominent water leakage tester service providers
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Water Leakage Tester Market
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