Saudi Arabia Water Treatment System Market Expands with Globe Valves Segment at a robust CAGR of 10.52%
Impact of Industry 4.0 and
Rise in Demand For Maintenance Service are likely to propel the market of water
treatment systems across the county during upcoming years.
According to TechSci Research
report, “Saudi Arabia Water
Treatment System Market – By Region, Forecast and Opportunity, 2018-2028,
A significant driver
propelling the Saudi Arabia Water Treatment System Market is the proactive
involvement of the government in implementing strategic initiatives and
substantial investments to address the nation's water challenges. Recognizing
the critical importance of sustainable water management, the Saudi government
has committed to extensive water infrastructure projects, including the
development of desalination plants, wastewater treatment facilities, and
distribution networks. Vision 2030, a transformative national agenda, places a
strong emphasis on the efficient use of water resources, driving the demand for
advanced water treatment technologies.
Government-driven policies,
such as the National Transformation Program and the Saudi Vision 2030, act as
catalysts for the Water Treatment System Market by providing financial support,
regulatory frameworks, and incentives for private and public sector participation.
These initiatives not only aim to ensure a reliable and safe water supply for
the growing population but also position the Kingdom as a global leader in
sustainable water management. The commitment to large-scale investments and
forward-thinking policies creates a favorable environment for the growth and
innovation of the Water Treatment System Market in Saudi Arabia.
The escalating concerns
related to water scarcity in Saudi Arabia act as a compelling driver for the
Water Treatment System Market. The nation faces severe water scarcity
challenges due to its arid climate, limited freshwater resources, and
increasing demands from a growing population and expanding industrial sectors.
As traditional water sources become insufficient to meet the rising needs,
there is a heightened urgency to adopt advanced water treatment solutions to
optimize available resources and ensure the sustainability of water supplies.
The Water Treatment System
Market experiences a surge in demand as industries and municipalities seek
innovative technologies to treat and recycle water efficiently. Desalination, a
key component of the market, becomes increasingly pivotal in providing a
substantial portion of the country's freshwater. The pressing reality of water
scarcity not only underscores the immediate need for advanced treatment
solutions but also fosters a culture of water conservation, regulatory
compliance, and the exploration of cutting-edge technologies within the Saudi
Arabian water sector. The market's response to these concerns reflects its
crucial role in addressing the nation's water scarcity challenges and building
a resilient water infrastructure for the future.
Browse over 55 market data Figures
spread through 212 Pages and an in-depth TOC on the "Saudi Arabia Water Treatment System Market"
The Saudi Arabia Water Treatment System
market is segmented into technology, operating model, instrument, chemical
type, fabrication, applications and region.
Based on chemical type, the
Desalination Water Treatment Chemicals segment in Saudi Arabia Water Treatment
System market is anticipated to stood at USD 1824.34 Million, with a market
share of 35.60% in 2023 and the market is projected to reach USD 3103.70
Million in the next five years, exhibiting a CAGR of 11.21%, in value terms,
during 2023E-2028F, on account of large-scale development of Desalination Water
Treatment projects.
In 2021, SWCC produced 2.2
billion cubic meters of water and operated 32 production plants. As a byproduct
of water distillation, it generated 47 million megawatts per hour of
electricity.
The Ras Al-Khair Power and
Desalination Plant, which is a power and desalination plant located in Ras
Al-Khair on the eastern coast of Saudi Arabia, is the world's largest hybrid
water desalination plant.
Additionally, IWP-Tabuk is
one of several independent water plants that are being developed in Saudi
Arabia as part of the Kingdom's Vision 2030 plan to diversify the water sector.
Thus, companies engaged in
providing Water Treatment System services in Saudi Arabia are recommended to
focus on Desalination Water Treatment Chemicals segment to capture more
opportunities.
Based on application, the Residential segment
anticipated to register a largest share of 40.12% in the Saudi Arabia Water
Treatment System market in 2023. This segment is expected to maintain its
market dominance over the next five years.
Saudi Arabia has a large and growing population,
which creates a significant demand for clean drinking water. There is a growing
awareness among Saudi residents of the importance of clean water for health and
well-being. This is driving the demand for water treatment systems in homes.
November 2021: Top Saudi real estate developers
formed a tripartite alliance to establish a housing project in Riyadh. They
will build 580 villas spread over 300,000 sq. m. Al-Othman Group, Tamimi Real
Estate, and Isam Khairi Kabbani, under Tilal Properties, which will develop the
project in Aljwan, north of Riyadh. The project will benefit members of the
Saudi Housing Ministry's Sakani program, which aims to increase housing
ownership for Saudis to 70%, in line with the Saudi Vision 2030.
Therefore, leading companies in the Saudi Arabia
Water Treatment System market are suggested to focus on the Residential sector
in the application segment to capture more market share in the Saudi Arabia
Water Treatment System market..
Key market players in the Saudi Arabia
Water Treatment System market are: -
- Tecnicas De Desalinizacion De
Aguas SA
- AES Arabia
Ltd.
- Alkhorayef for Water &
Power Technologies Company
- Coxabenoga
- Washnah Contracting
- Al Yamama Company
- Veolia Water Technologies
- Metito L.L.C.
- Water & Environment
Technologies Company
- Abdullah Ibrahim Al Sayegh and
Sons Company
- Al-Rukheez Contracting Company
- Al Mousa Group
- Mowah Company
- Samnan Water Solutions Company
- AquaTech Water Engineering
Technology Company
- Hidroten S.A.
- Water Secret Contracting
- Meras Water Solutions
- Saudi Salwa Co.
- Ion Exchange Arabia For Water
- Water & Environmental
Services Co (Moya)
- Toray Membrane Middle East LLC
- Juffali
- Akel Trading & Ind. Company
- Pure Aqua Saudi Arabia
- Saudi Services For Electro
Mechanic Works
- ACCIONA Agua
Saudi Arabia
- Alfanar
Group
- Rawafid Industrial Company
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“The Saudi Arabia Water Treatment System
Market is expected to boost in the upcoming years. The primary driver of the
Saudi Arabia Water Treatment Systems market is the government's strategic
commitment to significant investments in water infrastructure. Aligned with
Vision 2030, the government's initiatives include the development of desalination
plants, wastewater treatment facilities, and modern distribution networks. This
substantial financial backing, combined with supportive regulatory frameworks,
creates a conducive environment for private and public sector participation.
These investments not only address the nation's water scarcity concerns but
also position the Kingdom as a hub for innovative water treatment technologies,
driving growth and sustainability in the competitive business landscape.Top of FormTop of Form.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Saudi
Arabia Water Treatment System Market Segmented By Technology (Water Softeners,
Filtration Systems, Disinfection Systems, RO Systems, Distillation Systems,
Biological, Booster Pumping Systems, Others), By Operating Model (Turnkey
Projects, Subcontracting Projects, Design Build and Operate, Joint Venture,
Built Operate and Transfer, Build Own Operate and Transfer, Long Term
Operations Maintenance), By Instrument (Reverse Osmosis Membranes, Pressure
Vessels, Filtration Media, Chemical Dosing Pumps, Low- and High-Pressure Pumps,
Others), By Chemical Type (Boilers Water Treatment Chemicals, Cooling Towers
Water Treatment Chemicals, Chillers Water Treatment Chemicals, Swimming Pools
Water Treatment Chemicals, and Desalination Water Treatment Chemicals, Others),
By Fabrication (Water Tanks, Sand Filters, RO Plants, Filter Cartridge,
Others), By Application (Residential, Commercial, Industrial, Government, and
Semi Government), By Region, and By Competition, 2018-2028,” has evaluated the future
growth potential of Saudi Arabia Water Treatment System Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi Arabia Water Treatment System Market.
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