The analysts forecast global water leakage detector systems market to grow at a CAGR of 6.09% during the period 2017-2021. One trend in the market is technological innovations.
The incorporation of technological advancements in water leakage detector systems is a key trend in the global water leakage detector systems market. Prominent technological advancements in the market include water leakage detectors for do-it-yourself (DIY) smart home systems.
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According to the water leakage detector systems market report, one driver in the market is rising water stress levels across the globe. Of late, water stress levels have increased in many countries across the globe.
Water stress occurs when the demand for water exceeds its supply. The increase in water-stress levels is attributed to rising pollution levels, climate change, and geographical differences.
Population growth, changing consumption patterns, and urbanization are further increasing water stress levels. Rising water-pollution levels and contamination of available water further reduce the amount of water available for personal consumption.
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Major key players in the global water leakage detector systems market: 3M, ABB, Badger Meter, Gutermann AG, Halma, Aquilar, Honeywell International, Mueller Water Products, NEC Corporation, Pentair, Pure Technologies, Schneider Electric, Siemens, SPX Corporation, and TTK.
Further, the water leakage detector systems market report states that one challenge in the market is high installation cost. The installation cost of a water leakage detector system is relatively higher than that of a water meter.
The return on investment for water meters can be obtained within a duration of five to eight years. For instance, the US EPA, has laid a program (“Fix a Leak Week”) for fixing water leakages across the nation.
Not all service providers have the required capital for huge investments. Apart from that, installation of such expensive technologies in a country with a large population base is a task in itself.
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Major Points from Table of Contents:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
5: Market Landscape
6: Market Segmentation By Product
7: Market Segmentation By End-User
8: Regional Landscape
9: Decision Framework
10: Drivers and Challenges
11: Market Trends
12: Vendor Landscape
13: Vendor Analysis
Complete report on water leakage detector systems market spread across 104 pages, analyzing 15 major companies and providing 48 data exhibits now available at www.reportsnreports.com/reports/12…et-2017-2021.html.