Smart Water Leak Detector Market Insights Video

According to Cognitive Market Research, the global Smart Water Leak Detector Market size was USD 1351.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 540.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 405.36 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 310.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 67.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 27.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
• The Wi-Fi-enabled smart water leak detector category is the fastest growing segment of the Smart Water Leak Detector Market