Market Definition
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.
Market Insights
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.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 5.28% |
| 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.
Market Segmentation
Based on the Product Type:
Of them all, the Conductivity Meter captured a considerable market share in the GCC Water Analytical Instruments market during 2017-21. An increase in health risks associated with the contamination in decentralized water distribution networks & resources is a key factor that derived the demand for conductivity & turbidity meters in GCC. Furthermore, toxins, pesticides, salts, metals, etc., present in food & beverage industry wastewater as well as pharmaceutical wastewater, have made water analytical instruments necessary for reuse in agricultural fields, hydraulic fracturing, etc., in order to limit water waste.
Additionally, the wide application of conductivity & turbidity instruments in water treatment plants to monitor the chemical & mineral composition of potable water is expected to generate a positive trend in the GCC Water Analytical Instruments market during 2022-2027.
Based on the End User:
Among them, the Power Plants dominated the GCC Water Analytical Instruments market during 2017-2021. Increased energy production due to rising demand for power led to a significant increase in the need for water analytical instruments like pH meters, ORP meters, etc., to avoid unplanned plant shutdowns due to corrosion of pipes & other plant parts. Moreover, the rising investments in power plant development projects to cater to the emerging need for power in residential units, industries, etc., across the GCC is expected to accelerate the need for water analytical instruments. Some of the projects include:
Regional Landscape
Geographically, the GCC Water Analytical Instruments Market expands across:
Of all the countries in the GCC, Saudi Arabia has been portraying a noticeable market growth since 2017. This is due to the growing desalination activities in the region to meet household & industrial water needs sustainably. The water & wastewater treatment industry in Saudi Arabia is one of the largest among the GCC nations, with Dammam, Riyadh, and Jeddah being the major cities driving enormous potential for the revenue growth of the Saudi Arabia Water Analytical Instruments market.
In Addition, growing initiatives by the Saudi government to develop centralized wastewater treatment infrastructure across Najran & Al Baha, two of the prominent tourist places in the country, with an aim to support the emerging water needs of tourists & residents, are expected to boost the demand for water analytical instruments in the nation during 2022-2027.
Recent Development by Leading Companies:
Market Dynamics:
Key Driver: Growing Focus of GCC Nations Towards Food, Water, and Energy Security to Drive the Market Growth
To eliminate the food crisis and boost self-sufficiency of utilities such as food, water & energy, and reduce overdependence on regions, such as Europe, Asia-Pacific, and North America, among others, the GCC countries are increasingly working to promote the food & energy sectors of the region. However, the absence of an adequate amount of water to support the production of food & energy has significantly increased the demand for wastewater treatment facilities in the region. This has contributed enormously to the demand for water analytical instruments such as flame photometers, photo flori meters, etc.
Furthermore, the growing inclination of the GCC nations, such as Oman in developing fisheries to improve self-sufficiency has promoted the need for water analytical instruments owing to the presence of contaminants such as Polychlorinated Biphenyls (PCBs), Polybrominated diphenyl ethers (PBDEs), dioxins, etc., to reduce fish fatality in the region. In addition, the consumption of fish contaminated by PCBs by humans can lead to infant development problems and can cause risks associated with liver and immune system functioning. The rising partnerships for the development of fisheries in the GCC countries are expected to provide lucrative opportunities for the water analytical instrument market in the upcoming years. For instance,
Possible Restraint: Lack of Available Infrastructure & High Maintenance Costs of Analytical Instruments to Hinder the Market Growth
The higher upfront & maintenance cost, which is over 15% of the cost of the analytical instrument, may pose a challenge for the revenue growth of water analytical instrument providers in developing GCC nations such as Bahrain & Oman. Moreover, less developed wastewater treatment infrastructure & limited manufacturing base in Bahrain in comparison to other GCC nations such as the UAE, Saudi Arabia, etc., may hinder the demand for analytical instruments.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The GCC Water Analytical Instruments Market is projected to grow at a CAGR of around 5.28% during 2022-27.
A. The conductivity meter is anticipated to emerge as an area of remunerative opportunities for the leading players in the GCC Water Analytical Instruments Market during 2022-27.
A. The rising adoption of real-time liquid monitoring in water & wastewater treatment plants is anticipated to create new business horizons for the GCC Water Analytical Instruments Market in the coming years.
