The Middle East & Africa Smart Water Management market is growing at a high rate owing to the factors such as increasing demand for water due to a booming population growth and rapid urbanization, rising deployment of advanced technological solutions in smart water management such as digital meters, geographic information systems (GIS), and extensive need to replace outdated water infrastructure as pipes are deteriorating. Moreover, growing awareness of sustainable use of energy resources, extensive adoption of advanced meter infrastructure technology by various end users, and surging need for water conservation are anticipated to strongly contribute toward the growth of the market in the forecast period.
According to MarkNtel Advisors’ research report titled “Middle East & Africa (MEA) Smart Water Management Market Analysis, 2020”, the Middle East & Africa Smart Water Management market is anticipated to grow at a considerable CAGR during 2021-26F. Based on Offering, Solution segment acquired the significant market share in 2019. Enterprise Asset Management segment is anticipated to grow at a rapid rate on account of rising adoption of real-time condition monitoring and predictive maintenance of assets by end users.
“Middle East & Africa Smart Water Management Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Smart Water Management providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
The UAE Exhibited Fastest Growth
The UAE is expected to grow at a fastest rate in the Middle East & Africa Smart Water Management market in 2019. The growth is attributed to surging investment by the government on development of smart cities, growing demand for clean water supplies and rising adoption of smart water management. Furthermore, escalating water scarcity and pollution, and insufficient water supplies coupled with surging adoption of smart water management system by organization to improve operation and reduce water shortages and burgeoning investment in digitalization of electrical systems are strongly contributing towards the growth of Smart Water Management market in the near future as stated by the MarkNtel Advisors’ research report “Middle East & Africa Smart Water Management Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Middle East & Africa Smart Water Management market are ABB, IBM, Honeywell Elster, Siemens, Schneider Electric, Suez, Arad Group, Aquamatrix, Badger Meter, Sensus etc.
Key questions answered in the study