Rising concern for water conservation along with escalating demand for leak detection systems is propelling growth in Global Water Pipeline Leak Detection Market.
Date: 11 January 2016
According to recently published Azoth Analytics report “Global Water Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts (2015-2020)
- By Technology (Equipment, Inspection), By Equipment (Acoustic, Non-Acoustic), By Type, By Location of Application, Cost Analysis”, leak detection system market globally is forecast to grow at a CAGR of approximately 11.03% during 2015 – 2020, on account of rising pipeline projects to water scarce areas and increasing demand for leak monitoring and inspection owing to decline in water loss. Moreover, stringent government policies are further going to minimise impact of leakage on environment. In addition, expansion plans and investments are anticipated to boost the Global water pipeline leak detection market during 2015-20.
In terms of segmentation, market is categorized on basis of equipment (Acoustic and Non-Acoustic), type (continuous and non-continuous leak detection methods) and location of application. Although, America is anticipated to lead the revenue contribution in the market with the share of around 52%, Europe is expected to witness a higher growth rate till 2020.
With the industry witnessing robust expansion plans, it is anticipated that the leak detection market will exhibit higher CAGR in the forecast period as well. “Introduction of new concept of water reclamation and increasing foothold of the key players globally is anticipated to make the industry more competitive and dynamic.
The report titled “Global Water Pipeline Leak Detection System (LDS) Market: Trends, Opportunities and Forecasts (2015-2020)
- By Technology (Equipment, Inspection), By Equipment (Acoustic, Non-Acoustic), By Type, By Location of Application, Cost Analysis” has analysed the potential of leak detection market and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global water pipeline leak detection market.