The Middle East & Africa Smart Water Management Market is expecting a considerable growth rate during 2021-26, cites MarkNtel Advisors in their recent research report. The rapidly increasing population & economy and the mounting focus of governments of different countries across the Middle East & Africa on infrastructural developments have led to massive water consumption levels. Hence, with growing concerns over water scarcity & escalating need for water conservation & recycling, the demand for smart water management systems is surging rapidly and driving the market.
Besides, stringent government policies for industries to effectively manage their consumption and attain sufficient quantities & quality are generating growth opportunities for the leading players to deliver smart water management solutions to these enable industries to avoid water contamination.
Moreover, the limited water availability & growing exploitation of water resources are instigating the leading market players to bring innovations in water management systems and projecting remunerative growth prospects for the market through 2026.
Furthermore, with several initiatives by different countries across the Middle East & Africa toward building smart cities & smart healthcare, the demand for smart water management solutions is expected to witness an upswing and fuel the overall market growth in the coming years, further states the research report, “Middle East & Africa Smart Water Management Market Analysis, 2021.”
Rapidly Expanding Construction & Industrial Sectors to Boost the Market through 2026
Growing investments by the governments of different countries across the Middle East & Africa toward infrastructural developments under its strategic plan for diversification of the economy away from oil is driving the smart water management market across the construction & industrial sectors.
As a result, several ongoing & upcoming construction & industrial projects associated with smart cities, healthcare, food & beverage, tourism, & water management are portraying a growing adoption of smart solutions across the commercial & industrial sectors and fueling the overall market growth.
With Burgeoning Smart City Projects, the UAE Dominates the Market
The growing water scarcity in the UAE is augmenting the need to adopt smart water management solutions to avoid water losses, meet end-user requirements, & optimize usage. Since the UAE government is focused actively on the construction & development of smart cities, it shall positively impact the sales of smart water management solutions to save & monitor water consumption, which, in turn, would fuel the overall market growth across the country through 2026, reveals MarkNtel Advisors in their research report, "Middle East & Africa Smart Water Management Market Analysis, 2021."
The leading players in the Middle East & Africa Smart Water Management Market include ABB, IBM, Honeywell Elster, Siemens, Schneider Electric, Suez, Arad Group, Aquamatrix, Badger Meter, and Sensus.
Key Questions Answered in the Research Report