Product Code: ETC081403 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The leak detection equipment market in India is expected to grow significantly over the forecast period, driven by increasing demand for water conservation and improved infrastructure. The growing number of pipeline projects across various sectors such as oil & gas, construction, and industrial water treatment are driving the growth of the India leak detection equipment market. Additionally, government initiatives to promote efficient use of water through several regulations have further amplified market growth prospects. Moreover, technological advancements in electronic sensors used in these systems have enabled better accuracy and reliability for this technology which has opened new avenues for manufacturers. For instance, acoustic-based leakage detectors are being increasingly adopted by industry participants due to their ability to detect leaks from a distance without any physical contact with pipelines or other components involved in transmission and distribution networks.
Government Initiatives: The India government has taken various initiatives to reduce non-revenue water losses due to leakage from pipelines and tanks. This includes projects like Atal Bhujal Yojana which aims at improving groundwater sustainability by reducing wastage through leakages in urban areas; AMRUT mission, which focuses on providing 24 hour drinking water supply; Jal Jeevan Mission targeting universal access to safe piped drinking water; and Swachh Bharat Abhiyan aiming at providing clean drinking water supply across India. Such initiatives are driving investments into advanced technologies such as metering systems, sensors & automation technology etc., thereby creating a positive Outlook for the industry over the long term. Technological Advancements: Growing penetration of internet connection along with increasing usage of smartphones has led companies focus more on developing digital infrastructure that can be integrated into existing systems. This includes use cases such as remote monitoring solutions which help detect leaks faster even before they become evident by human senses or other instruments used currently leading industries adopt them worldwide including countries like India where huge numbers of unmetered connections exist making it difficult find out exact cause behind frequent drop in pressure or flow within a short time frame using traditional methods only thus creating opportunities for manufacturers who provide these services through their products..
High Initial Investment Costs: Setting up an automated system requires heavy upfront costs for installation, energy consumption & maintenance activities since detecting any potential leakage requires both specialized know how & right set instrumentation so availability cost effective solutions remains low hinder rapid uptake among small scale operators/businesses especially ones without technical expertise hindering expansion efforts especially rural parts where lack resources becomes challenge further limiting its acceptance rate.
Major players operating in India leak detection equipment market include Siemens AG , Honeywell International Inc., General Electric Co., Schlumberger Ltd., Itron Inc., ABB Ltd.,