The market for water leak sensors is anticipated to reach US$ 3,462.4 Mn in value by 2032, up from US$ 1,777.6 Mn in 2022, growing at a CAGR of 6.9 percent over the forecast period.
Sales of water leak sensors are anticipated to be driven by the integration of the Internet of Things (IoT), artificial intelligence (AI), cloud or edge-based services, and their growing use in smart homes. However, ineffective water systems and a lack of understanding about the significance of water leak sensors are likely to impede market expansion.
Instead, businesses are improving their research and development (R&D) efforts in order to examine new applications and create profitable market opportunities.
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In developed nations like the U.S., the U.K., etc., the intricate water infrastructure can withstand pipe corrosion, breakage, or crack formation due to ageing. The need for water leak sensors to be used grows as a result. Furthermore, the market trends are likely to grow as a result of advancements and innovation in leak detection technology.
The market is anticipated to grow as a result of several infrastructure renovations, new residential and non-residential construction projects, and other factors. The market’s numerous established and up-and-coming players help to fuel the expanding demand.
Connected systems are expected to contribute significantly to the projects’ sustainability goals and rank among the most crucial elements of smart water management software. This broadens the appeal and use of water leak detectors.
Market participants of the water leak sensors:
- RLE Technologies
- Yash Global Electronics Security Solution Private Limited
- Leaksense Company Limited
- Honeywell International Inc.
- PA Vision Sdn Bhd
- Honeywell International
- Vivint Inc.
- Samsung Electronics
- Glentronics, Inc.
- SimpliSafe
- Fibar Group
- D-Link Corporation
- Insteon, Inc.
- SDI Technologies Inc. (iHome)
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Some of the recent developments in the Water Leak Sensors market are:
- In October 2021, ABB collaborated with a Danish water environment specialist to develop the next generation of smart water solutions that encourage more careful water use. With this, client will be able to better control water availability and boost plant operational efficiency in both process and energy optimization with these technologies.
- In 2020, Primayer announced its support to Beacon Project in Nepal which aims to bring decent toilets, clean water, and good hygiene to people residing in Lahan, in Southeast Nepal.
- In 2019, Gutermann AG launched the world’s first Zonescan NB-IoT leak logger for permanent monitoring of water distribution mains, which is a fully correlating system that can identify quiet leaks.
- In December 2021, ABB launched an electromagnetic flowmeter with bidirectional communication to power intelligent water loss management. The AquaMaster 4 Mobile Communication units can communicate through 4G-LTE and NB-IoT networks, allowing plant engineers to stay up to date on the status of the water systems.
Key Segments Profiled In The Water Leak Sensors Market Survey
By Test Type:
- Electroretinogram (ERG)
- Multifocal Electroretinogram (mfERG)
- Electro-Oculogram (EOG)
- Visual-Evoked Responses (VER)
By Modality:
- Fixed
- Portable
By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Diagnostic Imaging Centers
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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