Market Overview:
The global smart water leak detector market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about water wastage and its impact on the environment, rising demand for smart home devices, and growing adoption of IoT-based solutions. The global smart water leak detector market is segmented on the basis of type into wired and wireless detectors. The wired detectors segment is expected to account for a larger share of the market than the wireless detectors segment during the forecast period. This can be attributed to their low cost as compared to wireless detectors and their easy installation process. On the basis of application, the global smart water leak detector market is divided into household and commercial applications.
Product Definition:
A Smart Water Leak Detector is a device that is used to detect water leaks in a home or business. The importance of a Smart Water Leak Detector is that it can help to prevent water damage from occurring.
Wired:
Wired is a technology used in water leak detectors to send signals when there is a cut or break in an underground pipeline. These systems are mainly installed at industrial and commercial sites where water needs to be conserved as well as the safety of workers is important. The growth factor for this market includes factors such as growing concerns over rising energy costs, increasing awareness about saving energy, government initiatives on environmental conservation and regulations on wastewater treatment plants.
Wireless:
Wireless is a technology that enables the communication between two devices without connecting them with direct wires. The wireless technologies are classified into two types: licensed and unlicensed. In licensed wireless, a service provider grants the user with an exclusive license to use the spectrum for commercial purposes; in contrast, in unlicensed wireless, no such restrictions exist.
Application Insights:
The commercial application segment accounted for the largest share of over 70% in 2017. The need to detect and prevent water leaks at industrial scale is driving the demand for smart water leak detectors from the commercial sector. These devices help reduce wastage by enabling real-time monitoring of tank levels across various applications, including oil & gas, chemical plants and refineries, power generation facilities, mining sites and desalination plants among others.
Incorporation of advanced technologies such as GSM technology enables real-time data transmission to a central database which can be used later to analyze patterns or anomalies pertaining to a particular area or facility where it is installed. This helps identify potential leakage sources remotely resulting in immediate corrective measures being taken thereby reducing wastage and increasing production efficiency across numerous industries worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a revenue share of more than 30% in 2017 and is anticipated to continue its dominance over the next seven years. This growth can be attributed to increasing awareness regarding water conservation, coupled with rising demand for smart meters that help manage household electricity consumption efficiently. In addition, growing urbanization and population are likely to contribute toward increased demand for water, thereby driving regional market growth.
The Asia Pacific region has witnessed significant adoption of IoT technology across various sectors including agriculture and healthcare among others; this trend is expected to continue over the forecast period which will benefit industry expansion in APAC as it provides an opportunity for new entrants into this space who would otherwise face high costs associated with network deployment or acquisition of customer base (Tractica).
Growth Factors:
- Increasing demand for water conservation measures across the globe will drive the adoption of smart water leak detectors.
- Rapid urbanization and industrialization in developing countries is expected to create a large demand for smart water leak detectors over the forecast period.
- The increasing number of residential and commercial buildings will also fuel the growth of this market during the forecast period.
- Growing awareness about energy conservation and its benefits is projected to boost the demand for smart water leak detectors in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Water Leak Detector Market Research Report
By Type
Wired, Wireless
By Application
Household, Commercial
By Companies
Honeywell, leakSMART, WallyHome, Roost, D-Link, Fibaro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Smart Water Leak Detector Market Report Segments:
The global Smart Water Leak Detector market is segmented on the basis of:
Types
Wired, Wireless
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- leakSMART
- WallyHome
- Roost
- D-Link
- Fibaro
Highlights of The Smart Water Leak Detector Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wired
- Wireless
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Water Leak Detector Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Water Leak Detector is a device that can be used to detect water leaks in buildings. It uses sensors to detect the presence of water, and then sends alerts to people who are responsible for fixing the leak.
Some of the major players in the smart water leak detector market are Honeywell, leakSMART, WallyHome, Roost, D-Link, Fibaro.
The smart water leak detector market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Water Leak Detector Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Water Leak Detector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Water Leak Detector Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Water Leak Detector Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Water Leak Detector Market Size & Forecast, 2018-2028
4.5.1 Smart Water Leak Detector Market Size and Y-o-Y Growth
4.5.2 Smart Water Leak Detector Market Absolute $ Opportunity
Chapter 5 Global Smart Water Leak Detector Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Water Leak Detector Market Size Forecast by Type
5.2.1 Wired
5.2.2 Wireless
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Water Leak Detector Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Water Leak Detector Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Water Leak Detector Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Water Leak Detector Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Water Leak Detector Analysis and Forecast
9.1 Introduction
9.2 North America Smart Water Leak Detector Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Water Leak Detector Market Size Forecast by Type
9.6.1 Wired
9.6.2 Wireless
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Water Leak Detector Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Water Leak Detector Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Water Leak Detector Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Water Leak Detector Market Size Forecast by Type
10.6.1 Wired
10.6.2 Wireless
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Water Leak Detector Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Water Leak Detector Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Water Leak Detector Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Water Leak Detector Market Size Forecast by Type
11.6.1 Wired
11.6.2 Wireless
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Water Leak Detector Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Water Leak Detector Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Water Leak Detector Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Water Leak Detector Market Size Forecast by Type
12.6.1 Wired
12.6.2 Wireless
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Water Leak Detector Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Water Leak Detector Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Water Leak Detector Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Water Leak Detector Market Size Forecast by Type
13.6.1 Wired
13.6.2 Wireless
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Water Leak Detector Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Water Leak Detector Market: Competitive Dashboard
14.2 Global Smart Water Leak Detector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 leakSMART
14.3.3 WallyHome
14.3.4 Roost
14.3.5 D-Link
14.3.6 Fibaro
