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.
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.
|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.
Based on End-Users:
Amongst them all, the commercial & industrial sectors are projected to dominate the Middle East & Africa Smart Water Management Market with the largest share during 2021-26. It owes principally to the increasing public & private investments in the sector for economic diversification & boosting infrastructural developments. As a result, it is leading to an escalating deployment of smart water management solutions to meet the mounting requirements across the region and projecting lucrative growth prospects for the market through 2026mid. For instance:
With the swift adoption of this project, the escalating demand for smart water management solutions is driving the market across the commercial & industrial sectors. Besides, the growing number of commercial & industrial units owing to infrastructural developments & expanding tourism across the region is another crucial aspect anticipated to fuel the overall market growth in the years to come.
Geographically, the Middle East & Africa Smart Water Management Market expands across:
Of all countries across the Middle East & Africa, the UAE is expecting the fastest market growth during 2021-26. It owes principally to several water management components introduced by the country. For instance:
Besides, the country is also projecting rising competition among smart water management manufacturers, i.e., augmenting the demand for new solutions at low costs. It, in turn, is leading to a rapidly increasing number of research & development activities across the UAE to induce modifications & developments in existing solutions. Hence, the growing demand for smart water management services is projecting remunerative growth opportunities for the market across the UAE through 2026.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Middle East & Africa Smart Water Management Market is expecting considerable CAGR during 2021-26.
A. The increasing government focus on infrastructural developments across the healthcare, residential, construction, commercial, & industrial sectors, under the strategic plan of economic diversification, is projected to drive the Middle East & Africa Smart Water Management Market through 2026.
A. The growing inclination of the leading players in the Middle East & Africa Smart Water Management Market toward bringing innovations & advanced technologies like Artificial Intelligence (AI), the Internet of Things (IoT), etc., in smart water management systems is the key trend emerging in the market.
A. The construction & industrial sectors are anticipated to emerge as an area of remunerative opportunities for the leading players in the Middle East & Africa Smart Water Management Market over the forecast years.