Whether you're looking for faucets for your home or office, you have plenty of options. From faucets that look like bowls to those that are solar powered, you can always find a faucet that fits your space.
Having said that, the global Middle East faucet market is not all plain sailing. The industry is highly fragmented and unorganized. This, combined with rising consumer awareness, is a source of trouble. Apart from this, the price of smart faucets is also hindering the growth of the market.
The global
Middle East faucet market is expected to grow at a CAGR of 12%. As a result, the industry is rife with various companies vying for a piece of the pie. Interestingly, the industry has been going through some sort of renaissance due to the growing real estate sector. This trend is also supported by the fact that customers want to decorate their homes with some shiny new fixtures and accessories.
The global Middle East faucets market is also notable for its innovations. Companies in the industry are offering products that are both practical and affordable. Some of the products on offer include IoT-based smart faucets. These devices can connect to a wireless network and be controlled by the user using a mobile app.
The global Middle East faucet market is also benefiting from a substantial increase in the number of households in the region. This has been fueled by industrialization, urbanization and the proliferation of nuclear families. As a result, the number of homes has increased about 10-fold since 1990. In addition, the increase in population has also led to an increase in the standard of living.
Addressing water issues is key to achieving sustainable development in the MENA region. MENA (pronounced "Middle East" in the Middle East) is a vast region that includes Algeria, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Palestine, Qatar, Saudi Arabia, Syria, and the United Arab Emirates. The region has one of the youngest populations in the world and enjoys comparative advantages in renewable energy, tourism and manufacturing.
The population of the region is growing by nearly 7 million people every year. Per capita water supply in the region is declining, with the Middle East using around 1,100 cubic meters of renewable freshwater per capita per year. While that number may seem small to those who have more water than they feel, it's a big problem for low-income people in the region, especially those in Gaza and Yemen. The region is the most densely populated region in the world, and its population is expected to double in the next 50 years.
Traditionally, most governments have focused on one of two solutions to water challenges: building dams or developing new water sources. The water challenge is not just a water scarcity issue, it is a social, economic and political issue. First, dams and new water sources are expensive and may not be readily available to the poor. This has necessitated technological solutions such as water harvesting devices, micro-fracking and desalination. Another notable feature of the region is its geographical location. The Middle East and North Africa has numerous trade routes which give it access to huge markets. This geography may benefit the region's poor in the long run, but the region is also in the midst of political and economic turmoil.
The global faucet market is expanding rapidly. The market is primarily driven by the growth of the real estate industry. Rapid urbanization is encouraging people to renovate their homes. This is also a result of increased disposable income. In addition, the growing middle class is also driving the demand for faucets.
The global faucet market is expected to grow at a CAGR of 7.4% over the next few years. The market is divided into two segments - residential and commercial. The residential segment is expected to witness the fastest growth over the next five years.
Water scarcity has been a contributing factor to conflict in the region. The drought has lasted longer than usual and has caused significant economic damage. In some countries, water scarcity has led to civil unrest. Lack of clean water is a source of stress in the home as well as in the environment. This is especially true in countries with large populations and countries that use more water than is available. Water is also a major flashpoint in many wars.
Egypt has the potential to lead a multilateral regional approach to water management. Its transboundary rivers, such as the Nile and the Jordan, play a vital role in the water supply of many countries in the region. Changing hydrology and other factors are driving overexploitation of these resources.
The most water-scarce countries in the region have access to less than 1,000 cubic meters of renewable freshwater per person per year. Water use varies widely across these countries, with domestic water use accounting for only a small fraction of total water use.
Despite the challenges, MENA countries are taking steps to address water scarcity, including desalination. Successful projects engage communities in water management planning and promote voluntary conservation measures. In addition, successful water management programs promote desirable water use patterns, such as irrigation efficiency.
Black bath triplex set of faucetLENGTH, WIDTH AND HEIGHT (CM):13.5/19/10.5 WEIGHT (G):679