There’s nothing worse than coming home to find a burst pipe or malfunctioning water heater has flooded your basement. It’s perhaps why leak detection and prevention products continue to become more popular each year.
Resideo’s Director of Product Management Brad Qi notes the leak detection and prevention market is growing, citing a study from Allied Market Research, which found the global water pipeline leak detection systems market size is expected to reach $2,349.6 million in 2027, from $1,748.6 million in 2019, growing at a CAGR of 6.8% in the forecast period.