Smart Water Leak Detector Market
Smart water leak detectors are electronic
sensors designed to detect the water leakage and minimizes the risk of water
damage. Water leakage is one of the most common causes of property damage. Smart water leak detectors are
small, soap-sized white boxes that you place on a floor near a water-bearing
fixture, usually running on long-lasting batteries, similar to a smoke or CO2
detector. These sensors are internet-enabled devices, typically coupled with
GPS chips and GIS (Geographic Information System) to detect and report to
end-users in case of any water leakage and damage. These are designed to send notifications
directly to the user’s phone when the sensor detects water or any changes in
temperature. This technology was developed based on the Advanced Metering
Infrastructure (AMI) technology, which acts as the backbone of the smart water
meter concept. The smart water meter technology will help operators detect
leakages in pipelines, thereby reducing water loses and in turn controlling the
water consumption. The smart water leak detectors market is expected to expand
at a higher growth rate in the forecast period owing to the increasing demand
of smart sensors in order to reduce water leakage and control water
consumption.
Major
Key Players of the Smart Water Leak Detector Market are:
Honeywell International, Vivint, Inc., Samsung
Electronics, Glentronics, Inc., SimpliSafe, LeakSmart Inc., Fibar Group, D-Link
Corporation, Insteon, Inc., SDI Technologies Inc. (iHome), Wally Labs LLC, Aeon
Labs, Roost Home Telematics
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Further, importance of water conservation
and increasing awareness related to water scarcity, leakages, illegal water
tapping and other forms of water wastage have triggered the growth of adoption
of sustainable water management systems and it plays a major role to drive the
global smart water leak detectors market over the forecast period. Rising
demand of smart phones and computers is expected to spur the demand of smart
water leak detectors is upcoming period. However, high initial investments and
high installation are some of the factor that is going to hinder the growth of
the market. Further, increasing proliferation of Internet of Things (IoT) and
its integration in smart home is expected to create ample opportunity for the
manufactures during forecast period. Additionally, efforts are being taken by
many companies to upgrade their research and development activities to analyze
further application that is expected to generate profitable growth
opportunities for the market in the forecast period.
The global smart water leak detectors
market is segmented on the basis of product type, connectivity, technology and
region. On the basis of product type, the market has been segmented into
stand-alone sensors, and water sensor alarm model. The stand-alone smart water
leak detectors are designed to detect water with two probes placed at the
bottom of the unit. These sensors tend to be on the smaller side and work well
underneath sinks and alongside sump pumps. However, water sensor alarm models
are connected to a cable so that it detects water in small spaces, so those
sensors are ideal for behind your washer machine and other hard-to-reach
spaces. On Basis of connectivity, the market has been segmented into wired and
wireless. By technology, the market has been segmented into Wi-Fi, Zigbee and
others. High demand of WiFi enabled smart water leak detectors is expected to contribute
towards growth of the market.
The study is a source
of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional
analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru,
Chile, and others)
- Western Europe (Germany, U.K., France,
Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN,
Australia, and New Zealand)
- Middle East and Africa (GCC, Southern
Africa, and North Africa)
The report has been
compiled through extensive primary research (through interviews, surveys, and
observations of seasoned analysts) and secondary research (which entails
reputable paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative assessment by
analyzing data gathered from industry analysts and market participants across
key points in the industry’s value chain.
Research
objectives:-
– To study and analyze the global Smart
Water Leak Detector consumption (value & volume) by key regions/countries,
product type and application, history data.
– To understand the structure of the Smart Water Leak Detector market by
identifying its various sub-segments.
– Focuses on the key global Smart Water Leak Detector manufacturers, to define,
describe and analyze the sales volume, value, market share, market competitive
landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Smart Water Leak Detector with respect to individual growth
trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of
the market (growth potential, opportunities, drivers, industry-specific
challenges and risks).
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Highlights of the
report:
- A complete backdrop analysis, which
includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or
third level
- Historical, current, and projected size of
the market from the standpoint of both value and volume
- Reporting and evaluation of recent
industry developments
- Market shares and strategies of key
players
- Emerging niche segments and regional
markets
- An objective assessment of the trajectory
of the market
- Recommendations to companies for
strengthening their foothold in the market
In the end, Smart Water Leak Detector
industry report specifics the major regions, market scenarios with the product
price, volume, supply, revenue, production, and market growth rate, demand,
forecast and so on. This report also presents SWOT analysis, investment
feasibility analysis, and investment return analysis.
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