North America Water Pipeline Leak Detection System Market Outlook and Insights by 2028

The North America water pipeline leak detection system market is expected to grow from US$ 582.46 million in 2021 to US$ 853.89 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.

The rising population and constant change in climate across the region are the key factors causing water scarcity. As per the latest UN World Water Development Report, climate change impacts the quality, availability, and quantity of water required for basic human needs, therefore damaging the sanitation and safe drinking water for billions of people. Further, growing water demand is due to economic development and population growth. As the water requirement is witnessed to be increased by 600% over the past 100 years, it is further anticipated to increase over the next two decades for domestic, industrial, and agriculture usage. The water requirement for domestic and industrial use is projected to grow faster than agricultural demand across the region. Around 70% of the total water is used for agriculture. However, the increasing issue of water scarcity is creating hurdles to meet the requirement of water for the agricultural and industrial sectors. Considering the current water consumption rate, the situation is anticipated to get worse by 2025, and around two-thirds of the population would face water shortages. Therefore, rising water scarcity across the region is promoting the integration of water pipeline leak detection system across various sectors. Several water systems are flourishing the ecosystems and trying to meet the rising water requirement due to increasing human population. Several rivers, aquifers, and lakes are drying up or becoming too polluted for usage. The agriculture sector is consuming more water than any other source and wastes through inefficiencies. Thus, the integration of advanced water pipeline leak detection system is increasing to control water wastage across various sectors, thereby driving the North America market growth. 

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.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America water pipeline leak detection system market. The North America water pipeline leak detection system market is expected to grow at a good CAGR during the forecast period.  

North America Water Pipeline Leak Detection System Market Revenue and Forecast to 2028 (US$ Million)    

North America Water Pipeline Leak Detection System Market Segmentation

North America Water Pipeline Leak Detection System Market – By Offering

• Hardware
• Software and Services

North America Water Pipeline Leak Detection System Market – By Equipment Type

• Acoustic
• Non-Acoustic

North America Water Pipeline Leak Detection System Market – By Pipe Type

• Plastic Pipes
• Ductile Iron Pipes
• Stainless Steel Pipes
• Others

North America Water Pipeline Leak Detection System Market – ByEnd User

• Non-Residential
• Residential

North America Water Pipeline Leak Detection System Market, by Country

• US
• Canada
• Mexico   

North America Water Pipeline Leak Detection System Market - Companies Mentioned

• Aqualeak Detection Ltd.
• Atmos International Limited
• Gutermann AG
• HERMANN SEWERIN GMBH
• Luna Innovations Inc.
• MUELLER WATER PRODUCTS INC.
• Primayer
• SebaKMT   
• TTK - Leak Detection System
• Xylem Inc.

North America Water Pipeline Leak Detection System Report Scope