Growth Opportunities in Global Smart Water Leakage Management Solutions Market, Forecast to 2025

LONDON, Oct. 24, 2018 /PRNewswire/ -- Global Non-revenue Water (NRW) Losses of about $40 Billion is Driving Growth Opportunities for Smart Water Leakage Management Solutions

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Water is one of the most valuable resources across the globe.Rapid urbanisation across all regions has led to the rise in water demand.

Water stress, coupled with climate change, has significantly impacted the availability of water to meet the rising urban demand.Non-revenue water (NRW) is water that is lost before it reaches the end users.

Physical loss, i.e., water lost through leaking pipelines is a key contributor to NRW. Most urban centres across the globe have water pipelines that are more than 60 years old. The global NRW is estimated at 126 billion litres per year, which has a monetary value of around $40 billion/year.

Water stress, high production cost, demand for an optimal allocation of water resources, and increased environmental awareness have driven the demand for smart leak detection solutions.Various factors like corrosion, shear stress from the surroundings, and varying internal pressure, physical damage due to external factors cause the pipe to leak.

Rehabilitation of the water distribution and transmission networks involves significant cost and is time consuming.Therefore, a short-term approach to fix leakage by efficiently pinpointing leaks is an optimal and sustainable solution.

Fixing leaks in the water pipelines could positively influence the financial viability of the water utility and further help to mitigate water stress and prevent wastage. Archaic mindset, lack of awareness and, in some cases, lack of funds due to heavy dependence on subsidies and grants are some of the factors restraining the growth of the leak detection solutions market.

Currently, North America and Europe are the key destinations for leak detection market.Favourable policies such as mandatory water audits, NRW reduction targets, coupled with ageing infrastructure, have significantly contributed to the market growth.

Smart city investments have led to implementation and development of sustainable water infrastructure projects, which involve reduction of NRW and water conservation.Water utilities are currently demanding immediate and accurate results that could be seamlessly integrated into a software or data analytics platform, which in turn allows for remote visualisation and monitoring.

The accuracy of the leak detection systems is key for market positioning in growing markets like NA and Europe.Pipe condition assessment is a key value addition and an outcome of accurate detection capabilities.

Frost & Sullivan estimates that the revenue of global NRW leak management solutions market will grow from $850.5 million in 2018 to $1,594.3 million by 2025.

Research Scope
The regions covered under the study are NA, LATAM, Europe, MEA, and APAC.The study provides the revenue forecast for every region.

Additionally, the study also provides insight on disruptive technologies, growth opportunities based on new business models, the competitive landscape of the market, smart value-added services that could enhance growth, and top predictions of the market for the forecast period.

Key Issues Addressed
-- What is the current market situation and what is the forecast market growth rate?
-- What are the factors influencing the growth of the global NRW leak management solutions market and to what extent do they have an impact?
-- What factors influence the growth of the regional global NRW leak management solutions market?
-- Which ones will have high levels of market activity and which are still at the development stage?
-- At a regional level, which countries offer the best growth opportunities?
-- What are the innovative technologies currently disrupting the market?

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