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Market Definition
Smart water management is an integration of systems & adoption of complex measures that monitor, control, & regulate the consumption & quality of water resources while maintaining the condition of equipment like pipes, pumps, etc. These management solutions & services include systems of an extensive range of hardware & software instruments, like sensors, meters, data processing & visualization tools, actuators & web & mobile control, which connect users with the water system.
Market Insights
The Middle East & Africa Smart Water Management Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the growing concerns over water scarcity and the mounting need for water conservation through modern methods, i.e., surging the demand for smart water management solutions across the Middle East & Africa.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 201619 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| Country Covered | UAE, Saudi Arabia, Qatar, Oman, Bahrain, Kuwait, Egypt, South Africa |
| Key Companies Profiled | ABB, IBM, Honeywell Elster, Siemens, Schneider Electric, Suez, Arad Group, Aquamatrix, Badger Meter, Sensus etc |
| Unit Denominations | USD Million/Billion |
Besides, governments of different regional countries are imposing stringent norms for end-users to adopt smart water management solutions that include Enterprise Asset Management, Analytics & Data Management, Security, Smart Irrigation Management, Advanced Pressure Management, Mobile Workforce Management, Network Management, Customer Information System & Billing, & Leak Detection.
Moreover, the escalating construction projects across the region in line with the mounting focus of different countries toward economic diversification are leading to the expansion of smart cities, which, in turn, is propelling the demand for smart water management solutions across the residential sector. The governments are portraying a keen interest in recycling wastewater to meet the growing water requirements of the exponentially rising population across the Middle East & Africa.
Furthermore, with favorable government policies, several leading players are actively conducting various research & development activities in water management to offer technologically advanced solutions & services and strengthen the smart water management ecosystem across the region.
Impact of Covid-19 on the Middle East & Africa Smart Water Management Market
The advent of Covid-19 in 2020 had a decelerating effect on most industries across the Middle East & Africa, and the Smart Water Management Market is no exception. As governments of different countries imposed stringent movement restrictions & lockdowns to curb the spread of this dreadful disease, the leading market players witnessed several challenges associated with the development & distribution of smart water management services & solutions in the region.
With the severity of the pandemic and the mounting inclination of the public toward maintaining health & hygiene, the water consumption levels rose dramatically across the region amidst the crisis. Besides, the commercial sector, including private companies & industries, displayed limited water usage since they postponed their investments in smart water management project development, which, in turn, led to a significant decline in the market growth.
However, on the other hand, the market witnessed a sudden hike in its growth across the residential sector owing to the paradigm shift of people toward work-from-home & their rising water requirements. It, in turn, surged the demand for smart water management solutions & services and enabled the leaders to sustain in the market.
