Europe Water Pipeline Leak Detection System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Hardware and Software and Services), Equipment Type (Acoustic and Non-Acoustic), Pipe Type (Plastic Pipes, Ductile Iron Pipes, Stainle

Europe Water Pipeline Leak Detection System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Hardware and Software and Services), Equipment Type (Acoustic and Non-Acoustic), Pipe Type (Plastic Pipes, Ductile Iron Pipes, Stainless Steel Pipes, and Others), and End User (Non-Residential and Residential)

The Europe water pipeline leak detection system market is expected to grow from US$ 485.59 million in 2021 to US$ 778.21 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028. The rising population and continuous changes 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. Further, economic developments and population growth are propelling the water demand. The water requirement for domestic, industrial, and agriculture usage has increased by 600% over the past 100 years, and it is further anticipated to rise over the next two decades; the water requirement for domestic and industrial use across the region is projected to grow faster than that for agricultural purposes. ~70% of the total water is used for agriculture. However, the increasing issue of water scarcity is limiting the availability of water for the agricultural and industrial sectors. Considering the current water consumption rate, the situation is anticipated to worsen 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 systems 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 getting polluted hindering their availability for usage. Thus, the integration of advanced water pipeline leak detection system is increasing to control water wastage across various sectors, thereby driving the European market growth.

Businesses in Europe faced severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2021. Countries such as Italy, Spain, and Germany implemented drastic measures and travel restrictions to limit the spread of SARS-CoV-2 in 2020. European countries represent a major market for water pipeline leak detection system adoption due to the presence of old water supply infrastructure. However, prolonged lockdown phases in several European countries hampered the installation of advanced leak detection systems. The global water sector in the region was impacted by the COVID- 19 across five major trends such as global warming, which has led to an increase in occurrence of droughts and floods, challenging the flexibility of water and sanitation systems; growing number of people living in areas facing water stress that is rising the supply vulnerabilities; rapid urbanization, which stresses the existing water resources and ecosystems; the development of megacities, creating challenge for the extending water and sanitation services.

On the basis of equipment type, the market is segmented as acoustic and non-acoustic. The acoustic segment led the Europe water pipeline leak detection system market based on equipment type in 2020. The acoustic water pipeline leak detection solution offers transparency in distribution networks. It also provides a valuable tool for the facility when an effective water leak monitoring system is required, thus creating a proactive approach to fighting for non-revenue water (NRW). The acoustic solutions permit the facilities to focus majorly on the small areas, depending upon where the acoustic is high. The easier and faster the detection of leakage area, the quicker and cheaper will be the repair of infrastructure, which will save significant amounts and time required for looking through larger zones and closing valves. These advantages of acoustic water pipeline leak detection solutions are contributing to their high demand in Europe.

The overall Europe water pipeline leak detection system market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Europe water pipeline leak detection system market. The process also serves the purpose of obtaining overview and forecast for the Europe water pipeline leak detection system market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe water pipeline leak detection system market. Aqualeak Detection Ltd., Atmos International Limited, Gutermann AG, HERMANN SEWERIN GMBH, Luna Innovations Inc., MUELLER WATER PRODUCTS INC., Primayer, SebaKMT, TTK - Leak Detection System, and Xylem Inc. are among a few players operating in the Europe water pipeline leak detection system market.

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