A group of measurement instruments, such as pH meters, conductivity meters, and turbidity meters that analyze water quality & composition, is referred to as water analytical instruments. These instruments are used extensively in the food processing industries, laboratories, oil refineries, chemical industries, etc. The mounting need for water in GCC, owing to the rising population, urbanization, and boost in economic activities combined with the depletion of surface & groundwater reserves, have significantly increased the demand for water & wastewater treatment. Consequently, this fueled the revenue growth of the Water Analytical Instruments market in GCC.
The GCC Water Analytical Instruments Market is projected to grow at a CAGR of 5.28% during the forecast period, 2022-27. The lack of water resource endowment & the rising population of GCC nations have significantly increased the demand for water in agriculture, municipal, and industrial uses that have fueled the need for water analytical instruments for water & wastewater treatment in the historical years. In addition, the inclination of GCC nations towards establishing a sustainable, efficient, equitable, and secure water resource management system that would promote sustainable socio-economic development is expected to proliferate the demand for water analytical instruments in the region.
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Country Covered||The UAE, Saudi Arabia, Bahrain, Kuwait, Oman, Qatar|
|Key Companies Profiled||Honeywell, General Electric, Swan Analytical Middle East FZE, Endress+Hauzer Group Services AG, ABB, Burgan Equipment CO., Hanna Instruments, Hatch, Xylem, Others|
|Unit Denominations||USD Million/Billion|
Under this, the Water Science and Technology Association, Bahrain, in the 12th Gulf Water Conference, announced a unified GCC water management strategy 2016-2035 to foster joint initiatives & strengthen the capabilities of each country in achieving a national, integrated, efficient, and sustainable management of their water resources.
Hence, the rising initiatives of the GCC nations to adopt a sustainable consumption of water by incorporating advanced water treatment strategies are expected to lead to the growth of the GCC Water Analytical Instruments Market during 2022-2027.
Key Market Trend in the Market
Water is one of the major commodities used in the pharma industries that acts as a solvent in the processing, manufacturing, and formulation of pharmaceutical products, active pharmaceutical ingredients (APIs), and intermediates. It is also used for producing a finished product, as a cleaning agent for rinsing vessels & equipment, and as a primary packaging material. In addition, since water is used extensively in the pharmaceutical industry, pharmaceutical companies are required to determine the pH levels of water to determine whether it is suitable for the production of parent pharma products, for example, non-portable water, portable water, purified water, bacteriostatic water, etc.
The proliferation of pharmaceutical production activities in the GCC countries, such as the UAE, and Saudi Arabia, among others, to cater to the emerging medical needs of the individuals & support their economic well-being is anticipated to offer potential growth opportunities to the GCC Water Analytical Instruments market in the forecast years.
Impact of COVID-19 on the GCC Water Analytical Instruments Market
As a result of the COVID-19 pandemic in 2020, the GCC Water Analytical Instruments market saw a positive impact on revenue growth. The rising concern of GCC nations towards the treatment of sewage water & wastewater resources due to an increase in the transmission of COVID-19 virus through the water contamination from sewage water sources has significantly increased the need for water analytical instruments. For instance, in 2020, the Saudi Government conducted an RT-qPCR test of sewage water & identified the presence of SARS-CoV-2 strains in the water resources. This raised concerns, which led to a boost in the water treatment activities in Saudi Arabia.
Besides, the rising concerns over the spread of virus diseases among the residents & growing efforts of GCC nations to preserve water resources are anticipated to heighten the growth opportunities for the GCC Water Analytical Instruments market in the upcoming year.