Middle East & Africa Smart Water Management Market Size, Share, Analysis, Trends Future & Forecast 2028
MarkNtel Advisors has recently released an all-encompassing report on Middle East & Africa Smart Water Management Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2028: Revealing Middle East & Africa Smart Water Management Market Insights and Analysis
The Middle East & Africa Smart Water Management Market is projected to grow at a CAGR of around 11% during the forecast period, i.e., 2023-28.
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Market Driver: Increasing Government Focus on Infrastructural Developments to Augment the Market Growth
The Middle East & African countries have been largely dependent upon the oil & gas sector for their economic development for a long period. The government of the regional countries has been taking the initiative to reduce their economic dependency on the oil & gas sector and diversify their economies through IT, manufacturing, tourism, services, and other industries. Various initiatives, like Abu Dhabi Vision 2030, Saudi Vision 2030, and Egypt Vision 2030, have been taken into force by the government to achieve sustainable development goals & economic diversification.
These initiatives have propelled the construction industry in the region as numerous commercial, tourism, transportation, and other infrastructures are being constructed at a rapid pace. For instance, the Egyptian government has spent around USD400 billion on infrastructure to enhance the lifestyle of citizens & attract various investors for investing in several industries in the country. Thus, the requirement for this water management erupts in these infrastructures for efficient consumption & supply of water, further driving the Middle East & Africa Smart Water Management Market.
A Comprehensive Overview of Geographical Diversity:
the Middle East & Africa Smart Water Management Market expands across:
- The UAE
- Saudi Arabia
- Qatar
- Bahrain
- Oman
- Kuwait
- Egypt
- South Africa
- Rest of the Middle East & Africa
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Middle East & Africa Smart Water Management Market Segmentation Outline:
- By Offerings (Water Meters, Solutions, Services)
Water Meters held a considerable share in the Middle East Smart Water Management Market due to its growing requirement for monitoring & measuring water consumption, which is necessary for efficient water management.
- By End User (Commercial & Industrial, Residential)
Commercial & Industrial sectors are estimated to hold a considerable share in the Middle East & Africa Smart Water Management Market in the coming years.
Competitive Outlook
ABB Ltd., IBM, Honeywell Elster, Siemens, Schneider Electric, Suez, Arada Group, Aquamatrix, Kasha, Badger Meter, Sensus
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