In the recent trend, the urbanization and digitalization are growing rapidly and increase in disposable income is leading the market of pipe and valve. In the developing countries, this market is growing rapidly and the pipes and fittings have a variety of domestics, commercial and industrial applications. According to the report analysis, ‘ Industrial Pipe And Valve Market Analysis ’ states that the smart technologies in this industry offer the real solution that are making dramatic dents in lost water and water system inefficiencies. To stop the leakage, a variety of sensors technologies have introduced in the market to improve water utilities survey their underground potential leaks and detect real. Moreover, the sensors can locate escaping water by spotting the existence of a physical property that occurs only when a pipe or valve leaks. With the various applications of smart technologies and sensors, the market will lead to significant growth in the coming years and make the market effective and profit making for the existing vendors and investors.
For detecting the leakage various tools and technologies are available in the market such as smart leak detection tools which has its own strengths and weaknesses and cost moreover, the sensors can engaging thermal, acoustic, chemical detection techniques. The only challenge for this tool is to locate the leaks and this tool proves to be essential for finding the leakage even underground leakages too. Moreover, the AMI and data management technologies, hourly interval reads can continuously monitor the entire water distribution network whereas, automated meter reading (AMR) technologies may detect leaks based on monthly billing data discrepancies. Moreover, the AMI system sees sudden increases in meter readings that may point to leakage and with both the technologies of AMI and AMR can prevent a small leak from becoming a big leak or a water main break. Not only has this, the big edge of these arrangements is that they not only allow the benefits to significantly read meter data but also share greater visibility into how much water is utilizing and by whom and when. According to the report analysis, ‘ Pipe And Valves Market Analysis ’ states that with the more development in the technology and system will lead the market growth more significantly and save the water effectively moreover, with the technology the effective use of water is to be done as everything of water-related is monitored by the sensors and other data management techniques. The numerous application of the smart technologies will signify the market growth and make the market fruitful for the investors and key vendors.
In the developed countries these techniques and tools are used efficiently and make the better use of water. In those countries where the shortage of water is the leading problem, these technologies are playing a prominent role and will make the growth in the market in the respective region. Not only has this, but the developing countries are also showing the efficiency in developing the specification of the technology due to which they can acquire the highest share of the market. The North America region is expected to acquire the highest share in this market with the efficient use of this technology followed by Asia Pacific region. Moreover, Europe is also playing the significant role in this market and doing the more innovations and research & development programs related to this for accounting significant share in the market. There are two major companies for the smart city solutions which include the potential of processing data from leak detection devices which includes Microsoft with its City Next solution and IBM with its Smarter Cities Operations Products and such solutions are gaining traction which makes the market more attractive and highly competitive. Therefore, it is expected that in the coming years the market of pipe and valves will grow even more significantly with the smart usage of smart technology.
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Ankur Gupta, head marketing & communications