
Smart Water Leak Detector Market
Smart Water Leak Detector Market Global Industry Assessment & Forecast
Segments Covered
By Product Wired, Wireless
By Application Residential, Commercial, Industrial
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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1.23 Billion |
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2 Billion |
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4.52% |
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Asia Pacific |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Key Insights
The global Smart Water Leak Detector market was valued at USD 1.23 Billion in 2020 and is projected to reach USD 2 Billion by 2028, growing at a CAGR of 4.52%% from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2028 |
Annual Market Size (2028) | 2 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 4.52%% |
Overview and Description
It detects water leaks early and gives you a real chance to react fast, avoiding costly and disruptive water damage or a full-scale flood. Additionally, it measures room temperature and humidity and alerts you when readings are unusually high or low.
The global Smart Water Leak Detector market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028.
COVID-19 Impact Analysis
COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
Industry Insights
Government mandates and supportive policies for smart meters to reduce power consumption are set to drive the market.
Real-time monitoring of utility systems and dynamic pricing of the system has created a colossal demand for the system, thereby widening the market scope during the forecast period.
Ensuring the privacy and security of consumer data hamper the growth and market operation.
Global Smart Water Leak Detector Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Product, Application |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Azbil Kimmon Co. Ltd, Apator SA, WallyHome, Badger Meter Inc, Honeywell, Sensus USA Inc., D-Link, Diehl Stiftung & Co. KG, Mueller Systems LLC, leakSMART, Fibaro, Zenner International GmbH & Co. KG, Aichi Tokei Denki, Arad Group, Kamstrup A/S, Neptune Technology Group Inc, Chongqing Smart Water Meter Group, Roost. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis |
Global Smart Water Leak Detector Market: Product Segment Analysis
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- Wired
- Wireless
Global Smart Water Leak Detector Market: Application Segment Analysis
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- Residential
- Commercial
- Industrial
Regional Analysis: Preview
Based on region, the global Smart Water Leak Detector market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Smart Water Leak Detector market are Azbil Kimmon Co. Ltd, Apator SA, WallyHome, Badger Meter Inc, Honeywell, Sensus USA Inc., D-Link, Diehl Stiftung & Co. KG, Mueller Systems LLC, leakSMART, Fibaro, Zenner International GmbH & Co. KG, Aichi Tokei Denki, Arad Group, Kamstrup A/S, Neptune Technology Group Inc, Chongqing Smart Water Meter Group, Roost.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
Market Size, 2021 (USD Billion)
Global Smart Water Leak Detector Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Key Highlights – Global Smart Water Leak Detector Market
- Global Smart Water Leak Detector Market is projected to reach USD 2 Billion by 2028
- Asia Pacific held the highest share of the Smart Water Leak Detector market
- Wired held the largest share of the product segment in the Smart Water Leak Detector market
- Commercial held the major share of the application segment in the Smart Water Leak Detector market
FAQ
Frequently Asked Question
What is the global demand for Smart Water Leak Detector in terms of revenue?
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The global Smart Water Leak Detector valued at 1.23 Billion in 2020 and is expected to reach 2 Billion in 2028 growing at a CAGR of 4.52%%.
Which are the prominent players in the market?
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The prominent players in the market are Azbil Kimmon Co. Ltd, Apator SA, WallyHome, Badger Meter Inc, Honeywell, Sensus USA Inc., D-Link, Diehl Stiftung & Co. KG, Mueller Systems LLC, leakSMART, Fibaro, Zenner International GmbH & Co. KG, Aichi Tokei Denki, Arad Group, Kamstrup A/S, Neptune Technology Group Inc, Chongqing Smart Water Meter Group, Roost..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 4.52%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Smart Water Leak Detector include
- Government mandates and supportive policies for smart meters to reduce power consumption are set to drive the market.
- Real-time monitoring of utility systems and dynamic pricing of the system has created a colossal demand for the system, thereby widening the market scope during the forecast period.
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Smart Water Leak Detector in 2020.