Market revenue in 2023 | USD 1.7 billion |
Market revenue in 2030 | USD 2.3 billion |
Growth rate | 4.4% (CAGR from 2023 to 2030) |
Largest segment | Municipal |
Fastest growing segment | Industrial |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD billion |
Market segmentation | Municipal, Industrial |
Key market players worldwide | Xylem Inc, Pentair PLC, Evoqua Water Technologies, Ecolab Inc, DuPont de Nemours Inc, Calgon Carbon, Toshiba Corporation, Vivendi SE, Evonik Industries AG, Koch Industries, GE Aerospace, Aquatech, Ecologix Environmental Systems, Parkson Corporation, Lenntech B.V., SKion Water, SAMCO Technologies |
Municipal was the largest segment with a revenue share of 64.71% in 2023. Horizon Databook has segmented the Saudi Arabia water and wastewater treatment equipment market based on municipal, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Multiple benefits are provided by the country including its proximity to three continents, direct free trade access to the GCC market, advantageous tax exemptions, very competitive land and energy costs, and a well-developed infrastructure.
Saudi Arabia has been increasing its expenditure on the establishment of petrochemical and refining facilities. State-owned Saudi Arabia has formed a joint venture with Total S.A., in the name of SATORP (Saudi Aramco Total Refining and Petrochemical Company), and has a refining capacity of 400 thousand barrels per day of crude oil in Jubail.
The market for water and wastewater treatment equipment treatment is expected to be driven by the rapid increase in the demand for potable water. Saudi Arabia is heavily dependent on desalinated water as a primary source of potable water in order to meet the rising requirements. The water consumption in the region grew from 8 million cubic meters per day in 2015 to 20 million cubic meters per day by 2020.
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