The GCC Water Analytical Instruments market is anticipated to grow at a CAGR of around 5.28% during the forecast period of 2022-27, says MarkNtel Advisors in their recent research report. The soaring need for water in GCC owing to the rising population, urbanization, and boost in agriculture and industrial projects, have significantly increased the demand for water security to sustainably meet the utility needs of the individuals in the region. Moreover, with the advent of the COVID-19 pandemic in 2020, the GCC Water Analytical Instruments market witnessed a significant increase in the demand for treatment of sewage water & wastewater resources due to an increase in the transmission of COVID-19 virus through water contamination from sewage water sources.
Additionally, with the growing concerns among the residents & government to preserve water resources are expected to increase the revenue growth of the GCC Water Analytical Instruments market. According to the Middle East Economic Digest (MEED), the GCC water demand is set to escalate at the rate of 62% by 2025. Therefore, in order to meet the GCC's growing water consumption, governments in countries such as the UAE, Saudi Arabia, and Bahrain, among others, have announced the launch of various water treatment and desalination initiatives, which has increased the demand for water analytical instruments such as conductivity meters, pH meters, and so on, in plants. Some of the projects include:
Furthermore, the growing inclination of GCC governments to improve food self-sufficiency by encouraging fisheries development has significantly increased the demand for water analytical instruments to remove harmful chemicals such as biphenyls (PCBs), polybrominated diphenyl ethers (PBDEs), dioxins, and others. This is expected to contribute enormously to the demand for water analytical instruments such as flame photometers, photo flori meters, etc., in GCC during 2022-2027, further states the research report, "GCC Water Analytical Instruments Market Analysis, 2027."
Conductivity Meter to Dominate the GCC Water Analytical Instruments Market
Based on the product type, the market bifurcates into pH Meter & Oxygen Reduction Potential (ORP) Analyzer, Dissolved Oxygen Meter, Conductivity Meter, Turbidity Meter, Flame Photo Meter, and Photo Flori Meter. Among them, Conductivity Meter is anticipated to capture a considerable share in the GCC Water Analytical Instruments market in the forecast years. The factors responsible for the growth have been an increase in the water desalination projects to remove toxins, pesticides, salts, metals, etc., discharged into the water resources from industries, such as food & beverage, pharmaceuticals, etc.
Furthermore, the wider application of conductivity instruments, among other water analytical instruments, to keep a check on the water composition to minimize health risks is expected to fuel the growth of the GCC Water Analytical Instruments Market in the coming years.
Saudi Arabia to Witness Substantial Growth in the Years to Come
Geographically, Saudi Arabia accounts for the largest market share in the GCC Water Analytical Instruments market in the forthcoming years, owing to an increase in wastewater treatment & desalination activities to cater to the growing demand for water in domestic manufacturing industries. Moreover, an increase in the demand for water in oil exploration activities, refining, and petrochemical firms across Saudi Arabia, is anticipated to proliferate the need for water analytical instruments to gauge the water composition for use in the industries.
Furthermore, the rising environmental concerns & growing population have notably increased the demand for safe drinking water, thereby soaring water desalination activities in the country. Hence, an increase in the wastewater treatment activities & growing partnerships among the government & water analytical instrument providers to develop desalination plants across Saudi Arabia are anticipated to soar the revenue growth of Water Analytical Instruments in the forthcoming years, reveals MarkNtel Advisors in their research report, "GCC Water Analytical Instruments Market Analysis, 2027."
Key Market Competitors
According to MarkNtel Advisors, the leading players in the GCC Water Analytical Instruments Market are Honeywell, General Electric, Swan Analytical Middle East FZE, Endress+Hauzer Group Services AG, ABB, Burgan Equipment CO., Hanna Instruments, Hatch, Xylem, Others
Key Questions Answered in the Study