Filtration devices is utilized in the water treatment industry to evacuate undesirable contaminants. Water filtration equipment including regular filtration and membrane equipment. Water filtration devices is characterized as hardware used to treat water utilized as stock, procedure, cooling, or evaporator water, or wastewater from city and mechanical sources.

Major factors such as stringent regulations for drinking and wastewater treatment, upgradation of water treatment facilities and growing demand for treated water consumption are expected to boost the growth of the Water Filtration Equipment market. In addition, high demand from residential as well as industrial sector is expected to have significant impacts on the overall Water Filtration Equipment market growth during the forecast period. Introduction of advanced water treatment technology growing need of smart water grid legislatures will increase the demand of Water filtration equipment in upcoming years. Furthermore, growing desalination of water for clean water availability in industrial sector is anticipated to create huge requirement of Water filtration equipment in Saudi Arabia. Industries like manufacturing, oil & gas and municipal corporation are the major end use for Water filtration equipment is expected to drive the growth of the market. However, price fluctuation and raw material constraint are the restraining factors for the market growth during the forecast period.

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Saudi Arabia’s water Filtration equipment market holds great potential for development and growth due to rapid development of cities, massive urbanization and industrialization coupled with a growing population which leads the demand of clean water. Though, Saudi Arabia majorly rely on desalinated water that treated by big water treatment plants. The growth in water treatment process and high consumption of water will creates huge demand for Filtration devices. For instance: The SAG’s Vision 2030 and National Transformation Program (NTP) aim to thrice the percentage of desalinated water to 52 percent through strategic partners by 2020. Saudi Arabia is increasingly adopting water treatment technology and taking proactive measures to overcome water consumption. Public Private Partnerships have been built up between a few urban communities and global organizations for water dispersion and wastewater accumulation. Aside from expanding its water assets, the Saudi Government likewise is concentrating on water management, wastewater treatment facility and others.

Various notable players operating in the market, Aqua Arabia, Saudi Water Technology, AES Arabia Ltd., RAHA WATER TREATMENT CORPORATION, 3M Company, Pure Aqua, Inc., Saudi Salwa filteration Company, Pure Life Filters, Culligan International, Calgon Carbon Corporation among others.

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Key questions answered in this research report:

• At what pace is Saudi Arabia Water Filtration Equipment market growing? What will be the Saudi Arabia Water Filtration Equipment market forecast?
• What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
• Saudi Arabia Water Filtration Equipment market outlook, application areas and how they are poised to grow?
• Saudi Arabia Water Filtration Equipment market overview, industry analysis and scope of study?

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According to the latest report by IMARC Group, titled “Saudi Arabia Luxury Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the luxury market in Saudi Arabia reached a value of US$ 14.5 Billion in 2018. Saudi Arabia is one of the richest Arab countries as well as the fastest growing economies in the world. On account of the sustained economic growth and high per capita income, the country has witnessed an increase in spending on luxury products and services such as fragrances, cars, watches, leather items, hotels, etc. Moreover, the Kingdom is investing in economic diversification and has identified retail as a key channel for growth. It is supporting the expansion of the retail industry by encouraging public investments in retail infrastructure projects. Apart from this, the booming tourism industry has also created vast opportunities for both the luxury hospitality and retail sectors.

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Saudi Arabia Luxury Market Trends:

Saudi Arabia has emerged as one of the largest luxury goods market in the GCC region owing to rapid digital transformation, varying economic trends, and evolving consumer preferences and tastes. The country’s young population has one of the highest disposable incomes in the world which has created a high demand for luxury goods across the country. Further, global luxury brands such as Tiffany, Mulberry and Prada are increasing their presence in Saudi Arabia by establishing mono-brand stores as well as adapting to regional demands and trends. The establishment of upscale malls has also provided these brands ample space to expand their operations in the country. Moreover, internet penetration, influence of social media and the trend of online shopping have positively impacted the luxury market in Saudi Arabia as shoppers can now access global brands through online platforms. Looking forward, the market is projected to reach a value of US$ 22.2 Billion by 2024, exhibiting a CAGR of 7% during 2019-2024.

Saudi Arabia Luxury Market Summary:

• Based on categories, travel and hotels represent the leading category, holding the largest market share. Travel and hotels are followed by cars, personal luxury goods, and food and drinks.
  
  
• On the basis of gender, the luxury market in Saudi Arabia has been segmented into males and females. Males currently dominate the market, accounting for the majority of the overall market share.
• 
  Based on distribution channels, the Saudi Arabia luxury market has been segregated into mono-brand stores, multi-brand stores, online stores and others.
• 
  The competitive landscape of the Saudi Arabia luxury market has also been examined with the profiles of the leading key players operating in the market.

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