Middle East residential water treatment devices market was valued at US$ 699 Million in 2022, exhibiting a CAGR of 7.4% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 1,236.7 Million by 2030.
Middle East Residential Water Treatment Devices Market, By Device Type (Filtration Devices (Water Tap Faucet, Filtration Faucet, & Others)), By Purification Devices (Reverse Osmosis, Ultra Violet, & Gravity), By Region (GCC, Levant) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Middle East Residential Water Treatment Devices Market- Driver
Growing Government focus on non-oil sectors
Increasing focus of the government on the development of non-oil sectors leads to overall economic developments is expected to propel the market growth of the Middle East residential water treatment equipment. Regulatory bodies of the region are investing heavily in the development of the infrastructure is another major factor expected to augment the market growth of the Middle East residential water treatment equipment over the forecast period.
Middle East Residential Water Treatment Devices Market- Opportunities
Rise in launch of advanced water purifier system
Increasing launch of advanced water purifier systems is expected to provide enormous potential growth opportunities to the market of residential water treatment equipment. According to the Coherent Market Insights analysis, players such as AquaPro and Kent have started offering RO+UV-based combination water purifiers in GCC and Levant countries. Thus, the increasing advent of combination water purifiers is expected to propel the market growth.
Middle East Residential Water Treatment Devices Market- Restraints
Lack of awareness among consumers related to water purifiers
Low awareness regarding water purifiers among the population of the Middle East is expected to restrict the market growth of residential water treatment equipment. According to the Coherent Market Insights analysis, around 44% of the Middle East population lives in rural areas and is not aware of the necessity and techniques of purifying and filtering water.
To know the latest trends and insights prevalent in this market, click the link below:
Key Takeaways:
On the basis of countries, Saudi Arabia is expected to grow at the fastest rate during the forecast period of the Middle East residential water treatment devices market.
On the basis of filtration type, filtration faucet segment dominated the Middle East residential water treatment devices market with around 67% of market share in terms of revenue in 2022, followed by water tap faucet.
Middle East Residential Water Treatment Devices Market- Trends
Increasing disposable income among consumers
Improving living standards of the consumer due to growing disposable income coupled with the increase in the renovation of housing sectors in the region is projected to foster market growth. A growing number of retail stores coupled with the growing popularity of RO and UV technologies-based devices among consumers are further anticipated to foster the market growth of the Middle East residential water treatment equipment.
Shift in consumer preferences
Increasing demand for an aesthetically designed water purifier that matches the decor of the home is expected to bolster market growth. This is attributed to shifting consumer preferences towards decorating interiors of the house which is encouraging them to buy aesthetically designed home appliances. This factor is expected to foster the market growth of the Middle East residential water treatment equipment over the foreseeable time period.
Middle East Residential Water Treatment Devices Market - Impact of Coronavirus (Covid-19) Pandemic
In the wake of the COVID-19 pandemic, the residential water treatment device market has demonstrated a considerable potential for growth due to the increasing recognition of the importance of clean drinking water among a large number of individuals. The prevalence of water-borne illnesses such as cholera, and E.coli has highlighted the significance of clean water. As a result of the pandemic, individuals began to pay more attention to their health, resulting in an increase in business activity.
Middle East Residential Water Treatment Devices Market-Competitive Section
- KENT RO Systems Ltd.
- Eureka Forbes
- Britannic Water Treatment Company W.L.L
- Panasonic Corporation
- LG Electronics
- Pure It L.L.C
- Waterlife
- Coolpex Pure Water System
- Ultra Tec Water Treatment LLC
- Water Life Technology LLC
- AQUA PRO UAE
- Clearsource SAR
