Water Leakage Tester Market- Global Industry Analysis and Forecast (2023-2029)

Water Leakage Tester Market was valued at US$ 1.94 Bn. in 2022. Global Water Leakage Tester Market size is expected to grow at a CAGR of 4.34 % through the forecast period.
Water Leakage Tester Market Overview:
Water Leak Testers are the devices that are used to detect the leakage of water from the pipelines or the systems. They can be installed in offices, manufacturing units, and residential areas for testing the leakage of water to avoid the hazards due to the water leakage. Water leakage majorly causes the loss of water but also adversely affects the coloration of walls, flooding, and poor water quality.

Water is very important for life, health, economic development, and ecosystems around the world. Its availability and water quality are very important because water is precious to everyone. Climate change, droughts, water scarcity, and population growth are putting pressure on existing water resources, increasing the need to save and prevent water waste through effective management and reduction of water losses. Water leakages have been a major problem for many regions around the world. 771 million people globally lacked basic drinking water services in 2021.
Water Leakage Tester Market Snapshot
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Water Leakage Tester Market Dynamics:
Water Leakage Tester Market Drivers:
1. Increase in water stress level across the world: Water stress is one of the major problems faced by the entire world. The water demand is increasing day by day. The scarcity of water is increasing. More than 2.3 billion people face water stress, and almost 160 million children are exposed to severe and prolonged droughts in 2022. The number and length of extreme water shortages globally have risen by almost a third in just 20 years; it is estimated that around 700 million people are at risk of leaving their places to find the water for drinking.

2. Need to reduce water wastage: Water wastage is a leading problem in many countries, and to avoid the scarcity of water the wastage of water should be minimized. In some countries, the water supply network causes the leakage of water by more than 40 %.



3. Rapid expansion of the construction industry: The leakage tester market is expected to grow significantly through the forecast period. The rapid expansion of the construction industry and increased investment in infrastructure development are key factors driving the market.

The construction market is growing at a CAGR of 6%, and in developing countries, it is around 10%. With the enactment of strict government green building regulations to solve environmental problems, building owners detect water leaks using devices such as leak detectors, leak alarms, and water sensors that enhance leak detectors. By doing so, we have come to reduce the waste of water.

4. Aging water infrastructure: The use of the water leakage testers in the aged pipelines can be more useful as it will identify the leakage and avoid wasting clean treated water. Therefore, aging water infrastructure is creating demand for advanced leak detection systems that are driving leakage tester market growth. Around 30 to 50% of water is lost through the aging pipelines.

Challenges for the Water Leakage Tester Market: Installing a water leakage tester in underground pipeline systems can be difficult and messy; maintenance will also be difficult. The initial cost, installation problems, and maintenance required for water leakage tester can hinder the growth in the water leakage tester market. Low funds for the water leakage tester systems and a lack of awareness among governments in developing countries are restraining the market growth.
Water Leakage Tester Market Segment Analysis:
Based on Type, Fixed leak detectors dominated the market segment with 55% share in 2022. Fixed leak detectors are very useful for underground applications and are efficient for continuous area monitoring. Fixed detectors are typically wired and remotely connected to nearby outlets to send data and are in areas where wireless systems are not functioning properly. These factors are driving the leak detector sensor market.

Fixed leak detectors can be fixed to any water pipeline through which the water leakage can be detected, and they can give alarms if any leakage is diagnosed which can be very helpful to prevent the hazards due to the water leakage. Portable detectors can be moved from one place to another, it is an advantage for portable detectors.
Water Leakage Tester Market, by Type in 2022 (%)
Based on the Location, the Water Leakage Tester Market is segmented into Underground and Overground. Underground segment dominates the market. Most pipelines are constructed underground because of several benefits. Continuous monitoring is required for the pipelines to detect the leakage.

The pipeline monitoring system market size is valued at US$ 13 Bn which is expected to reach US$ 29 Bn through the forecasted period. The market is growing at a CAGR of 7.5% through the forecasted period. In the underground pipelines market, US holds a 65% market share followed by Russia with 8% and Canada with 3%. In the Asian region, China holds the maximum length of the pipelines constructed at about 86,921 Km.

In terms of the total cost, installing pipes above ground will be more expensive because the foundation cost must be considered. Also, the installation and maintenance of the water leakage testers are messy and difficult.
Water Leakage Tester Market Regional Insights:
The North America region dominated the market with a 42.05% share in 2022. The North America region is expected to witness significant growth through the forecast period. About 30 to 50% of water in North America region is wasted due to the leakage in their water supply system. This is of paramount concern as utilities are struggling to feed their growing population in times of water scarcity. Therefore, the government has adopted a leak tester for water supply systems in homes and industries to prevent leaks and make effective use of resources.

The North American region is experiencing strong economic growth, rapid urbanization, growing populations, and rising living standards, resulting in the need for high-end infrastructure. Therefore, the government is investing heavily to solve the problem of water waste using leak detectors. The Water Leakage Tester Market in Canada is expected to grow at a CAGR of 6.2 % through the forecasted period.

Population growth in the Asia Pacific region is a major driver also, non-residential, and residential construction in the Asia Pacific region and demand for improved pipeline networks is increasing. The government is stepping up actions to attract private investment to develop infrastructure and accelerate the deployment of leak detection systems in Asia Pacific region. China is expecting a market size of US$ 403 Mn at a CAGR of 8.8% through the forecasted period.

The cities of Europe have the most potential for major water leaks due to 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 in several places. Germany is expected to grow at a CAGR of 5.5% through the forecast period and the Europe region is expected to reach a market size of US$ 285 Mn through the forecast period.

The objective of the report is to present a comprehensive analysis of the global Water Leakage Tester Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Water Leakage Tester Market dynamic, and structure by analyzing the market segments and projecting the Water Leakage Tester Market size. Clear representation of competitive analysis of key players by Product type, price, financial position, product portfolio, growth strategies, and regional presence in the Water Leakage Tester Market make the report investor’s guide.
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Water Leakage Tester Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 1.94 Bn.


Forecast Period 2023 to 2029 CAGR:
4.34%
Market Size in 2029:
US$ 2.61 Bn.


 Segments Covered:
by Type
Fixed Leak Detectors
Portable Leak Detectors


by Application
Commercial Use
Residential Use


by Location
Underground
Overground


by Offerings
Inspection
Equipment
 Acoustics
  Non-acoustics



Water Leakage Tester Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC)
South America (Brazil, Argentina Rest of South America)
Middle East & Africa (South Africa, GCC, Egypt, Nigeria and the Rest of ME&A)
Water Leakage Tester Market, Key Players are
1. ABB Ltd.
2. Aqualeak Detection Ltd.
3. Atmos International Inc.
4. Badger Meter Inc.
5. Gutermann AG
6. Hermann Sewerin GmbH
7. LeakTronics
8. Mueller Water Products Inc.
9. NEC Corporation
10. nVent
11. Ovarro Limited
12. Pentair plc
13. Perma-Pipe International Holdings, Inc.
14. Resideo Technologies, Inc.
15. Schneider Electric SE
16. Ortungstechnik GmbH
17. SPX Corporation
18. TTK S.A.S.
19. Xylem Inc.

Frequently Asked Questions:

1] What segments are covered in the Global Water Leakage Tester Market report?
Ans. The segments covered in the Water Leakage Tester Market report are based on Type, Location, Application, Offering, and End User.

2] Which region is expected to hold the highest share in the Global Water Leakage Tester Market?
Ans. The North America region is expected to hold the highest share in the Water Leakage Tester Market.

3] What is the market size of the Global Water Leakage Tester Market by 2029?
Ans. The market size of the Water Leakage Tester Market by 2029 is expected to reach US$ 2.61 Bn.

4] What is the forecast period for the Global Water Leakage Tester Market?
Ans. The forecast period for the Market is 2023-2029.

5] What was the market size of the Global Water Leakage Tester Market in 2022?
Ans. The market size of the Market in 2022 was valued at US$ 1.94 Bn.