Middle East & Africa Smart Water Management Market Overview: 2023-28
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-28
The Middle East & Africa Smart Water Management Market is projected to grow at a CAGR of around 11% during the forecast period, i.e., 2023-28, owing to the rising water scarcity in the region caused by geographical location, climate change, population growth, and socioeconomic development. The region has a large presence of deserts like the Arabian Desert, Sahara Desert, etc., resulting in minimum rainfall & water scarcity. The countries mainly depend upon water conservation, recycling, rainwater harvesting, desalination, and other processes to fulfill the water demand across the region.
Markntel Advisor’s Middle East & Africa Smart Water Management Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Middle East & Africa Smart Water Management Market drivers, barriers, Middle East & Africa Smart Water Management Market Trends, and Key Players in Middle East & Africa Smart Water Management Market.
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Middle East & Africa Smart Water Management Market Dynamics: 2023-28
Increasing Government Focus on Infrastructural Developments to Augment the Market Growth – The Middle East & African countries have been largely dependent upon the oil & gas sector for their economic development for a long period. The government of the regional countries has been taking the initiative to reduce their economic dependency on the oil & gas sector and diversify their economies through IT, manufacturing, tourism, services, and other industries. Various initiatives, like Abu Dhabi Vision 2030, Saudi Vision 2030, and Egypt Vision 2030, have been taken into force by the government to achieve sustainable development goals & economic diversification.
These initiatives have propelled the construction industry in the region as numerous commercial, tourism, transportation, and other infrastructures are being constructed at a rapid pace. For instance, the Egyptian government has spent around USD400 billion on infrastructure to enhance the lifestyle of citizens & attract various investors for investing in several industries in the country. Thus, the requirement for this water management erupts in these infrastructures for efficient consumption & supply of water, further driving the Middle East & Africa Smart Water Management Market.
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Middle East & Africa Smart Water Management Market (2023-28): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Offerings
- Water Meters- Market Size & Forecast 2018-2028, USD Million
- AMR/AMR+ METERS- Market Size & Forecast 2018-2028, USD Million
- AMI METERS- Market Size & Forecast 2018-2028, USD Million
- Solutions- Market Size & Forecast 2018-2028, USD Million
- Enterprise Asset Management – Market Size & Forecast 2018-2028, USD Million
- Analytics and Data Management- Market Size & Forecast 2018-2028, USD Million
- Security- Market Size & Forecast 2018-2028, USD Million
- Smart Irrigation Management- Market Size & Forecast 2018-2028, USD Million
- Advanced Pressure Management- Market Size & Forecast 2018-2028, USD Million
- Mobile Workforce Management- Market Size & Forecast 2018-2028, USD Million
- Network Management- Market Size & Forecast 2018-2028, USD Million
- Customer Information System and Billing- Market Size & Forecast 2018-2028, USD Million
- Leak Detection- Market Size & Forecast 2018-2028, USD Million
- Others- Market Size & Forecast 2018-2028, USD Million
- Services- Market Size & Forecast 2018-2028, USD Million
- Professional Services- Market Size & Forecast 2018-2028, USD Million
- Managed Services- Market Size & Forecast 2018-2028, USD Million
- Water Meters- Market Size & Forecast 2018-2028, USD Million
According to report, Water Meters held a considerable share in the Middle East Smart Water Management Market due to its growing requirement for monitoring & measuring water consumption, which is necessary for efficient water management.
- By End User
- Commercial and Industrial- Market Size & Forecast 2018-2028, USD Million
- Residential- Market Size & Forecast 2018-2028, USD Million
According to report, Commercial & Industrial sectors are estimated to hold a considerable share in the Middle East & Africa Smart Water Management Market in the coming years.
- By Country
- The UAE
- Saudi Arabia
- Qatar
- Bahrain
- Oman
- Kuwait
- Egypt
- South Africa
- Rest of the Middle East & Africa
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Middle East & Africa Smart Water Management Market:
- ABB Ltd.
- IBM
- Honeywell Elster
- Siemens
- Schneider Electric
- Suez
- Arada Group
- Aquamatrix
- Kasha
- Badger Meter
- Sensus
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