Water Leak Sensing Cables Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Water Leak Sensing Cables Market: Introduction

Water leak sensing cables play a vital role in industries and commercial sectors where they are used to provide safety to equipment and workers as well as for protecting the nearby communities and environment. Water leak sensing cables is used to find leaks in more expansive areas where the path may not easy to predetermine. It is used with water leak alarm system. Sensor cable consists of two or four twisted cables, when water strikes the cable, the cable get shortened and panel triggers alarm. Water leak sensing cables detects leaks like chiller water leaks, heating/cooling piping leaks, condensate water overflow, outside seepage, plumbing line cracks and more before damage and downtime occurs. This cables are generally available in various size and can detects water along its entire length. Also, water leak sensing cables are flexible, durable, fast drying and can install easily.

Water leak sensing cables are used by various end use sector such as residential, commercial, industrial and municipal. Among these, industrial segment is expected to witness the demand of water leak sensing cables over the forecast period owing to growing consumer awareness regarding benefits of water leak sensing cables in industrial sector.

Water Leak Sensing Cables Market: Dynamics

Drivers:

Water leak sensing cables can early detect potential water leak problems which is anticipated to be a key factor to drive growth of water leak sensing cables market over the forecast period. Moreover, rising concerns among consumers to save water will further drive the water leak sensing cables market over the forecast period. Furthermore, water leak sensing cables can sense any conductive fluid and can detects water along its entire length. This will give traction to the growth of water leak sensing cables in the recent future.  That apart, the different advantages of water leak sensing cables such as immediate notification, cost effective technology, reduced financial risk and highly reliable will also add to the growth of market.

Restraint:

However, demand slowdown from industrial sector is expect to restrain the water leak sensing cables market due to low product awareness in developing countries of Asia, Latin America and Africa. The limited use of the product in high end applications is anticipated to be another crucial factor which is expected to hamper the growth of water leak sensing cables market over the forecast period. Moreover, regular maintenance and replacement of cables are required which can further expected to hinder the growth of water leak sensing cables market over the near future.

Water Leak Sensing Cables Market: Segmentation

The global water leak sensing cables market can be segmented based on cable size and end use.

Based on cable size, the global water sensing cables market can be segmented as:

  • 5 – 10 feet
  • 10 – 15 feet
  • 15 – 20 feet
  • 20 – 25 feet
  • Above 25 feet

Based on end use, the global water sensing cables market can be segmented as:

  • Residential
  • Commercial
  • Industrial
  • Municipal

Water Leak Sensing Cables Market: Region-wise Outlook

Asia Pacific will be closely followed by North America during the forecast period. Both of these markets are expected to witness immense growth in the water leak sensing cables market due to rapid industrialization. Western Europe, in particular, is projected to witness growth in the water leak sensing cables market owing to growing consumer awareness regarding importance of water leak sensing cables in this region. Latin America is expected to grow at a significant CAGR during the forecast period owing to high demand of water leak sensing cables in the growing commercial and municipal sector in the region. Japan is expected to support the growth of water leak sensing cables market due to the increasing demand of water leak sensing cables from industrial sector in this country.

Water Leak Sensing Cables Market: Market Participants

Examples of some of the market participants identified across the value chain of the global water leak sensing cables market include:

  • TTK - Leak Detection System
  • Pentair
  • CMR Electrical
  • Aquilar Ltd.
  • Dorlen Products Inc.
  • Yash Global Electronics Security Solution Private Limited
  • RLE Technologies
  • Leaksense Company Limited
  • Honeywell International Inc.
  • PA Vision Sdn Bhd

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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