Middle East & Africa IoT Valves Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The Middle East and Africa (MEA) IoT valves market is projected to grow significantly, reaching approximately USD 115.26 million by 2031, up from USD 64.91 million in 2023, with a compound annual growth rate (CAGR) of 7.4% during the forecast period.

Executive Summary and Market Analysis

The MEA IoT valves market is divided into key regions including South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Many countries in this region face severe water scarcity, prompting substantial investments in water resource management. The presence of numerous water treatment facilities in locations such as Cape Town, Morocco, and Egypt highlights the importance of IoT valves, which enable remote control of water flow. These valves are integrated with water quality sensors that relay data to the cloud through gateways. Notably, in June 2021, Velmet introduced a new versatile butterfly valve platform designed for the Middle East, enhancing functionality while leveraging established technologies.

The MEA region is also rich in oil and natural gas, with major producers including Saudi Arabia, Iraq, Iran, Kuwait, and the UAE. According to the General Authority for Statistics, Saudi Arabia's natural gas reserves saw a slight increase of 0.91% in 2021, totaling 8,293 million tons of oil equivalent (TOE). Natural gas production rose by 2.94% to 126 million TOE, while crude oil reserves increased marginally by 0.04% to 37,065 million TOE. This growth in oil and gas production is driving the demand for IoT valves, which are essential for managing flow and pressure in pipelines.

Market Segmentation Analysis

The MEA IoT valves market is categorized based on connectivity, type, and end-user industry.

Connectivity: The market is split into wired and wireless segments, with wired connectivity holding a larger market share in 2023.
Type: The market is further divided into pressure independent control valves (PICV), regular valves, and energy valves, with PICVs dominating the market share in 2023. Regular valves include subcategories such as ball valves, butterfly valves, safety valves, and others.
End-User Industry: The market is segmented into industrial, commercial, and residential sectors, with the industrial segment leading in market share in 2023.

Market Outlook

The increasing emphasis on energy and water conservation is a key driver for the IoT valves market. As sustainability becomes a global priority, various stakeholders, including governments and industries, are seeking solutions that enhance resource efficiency. IoT valves facilitate precise control and automation, which are crucial for conservation efforts. In manufacturing settings, these valves can optimize the flow of steam, gases, and liquids, thereby minimizing energy waste. For example, Bosch is developing smart factories that utilize IoT technology to monitor and optimize manufacturing processes.

Municipal water systems can also benefit from IoT valves, which can detect leaks and manage water distribution effectively. In smart city initiatives, these valves can adjust water pressure based on real-time usage data, ensuring efficient resource allocation. Stricter regulations on energy and water usage are encouraging industries to adopt smart technologies, while consumers increasingly prefer environmentally friendly solutions.

Country Insights

The MEA IoT valves market includes key countries such as the UAE, Saudi Arabia, South Africa, and others. Saudi Arabia, in particular, accounted for the largest market share in 2023. The country possesses about 17% of the world's proven oil reserves, making it a leading oil exporter. Despite challenges in global oil supply due to geopolitical tensions, Saudi Arabia plans to boost oil production by over 1 million barrels per day by 2026-2027. This anticipated increase in production will further drive the demand for IoT valves to manage oil flow and pressure in pipelines. Additionally, companies like IMI Saudi Industry LLC are expanding their manufacturing capabilities to meet the rising demand for IoT valves, as evidenced by their new facility in Dammam.

Company Profiles

Key players in the IoT valves market include Klinger Holding GmbH, KTW Technology GMBH, Carrier Global Corp, Belimo Holding AG, IMI Plc, Ultra Clean Holdings Inc, Siemens AG, Flowserve Corp, Honeywell International Inc, Larsen & Toubro Ltd, Smart Wires Inc, Flow Dynamics LLC, IoT Technologies, ChengDu ZhiCheng Technology Co., Ltd., Teksun Inc., Autorun Control Valve Co., Ltd., Ham-Let Group, and Rusco. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer cutting-edge solutions.

Product Code: BMIRE00032088

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. IoT valves Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain

5. Middle East & Africa IoT Valves Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Energy and Water Conservation Efforts
- 5.1.2 Increasing Demand for Automation And Smart Solutions In Industries
- 5.1.3 Growing Need for Remote Monitoring and Control Systems in Industrial Process
- 5.1.4 Rising Implementation of Safety and Compliance Regulations in Industrial Process
5.2 Market Restraints
- 5.2.1 High Cost of IoT valves
5.3 Market Opportunities
- 5.3.1 Integration of IoT in HVAC Systems
- 5.3.2 Growth of Industry 4.0
5.4 Future Trends
- 5.4.1 Increasing Integration of IoT with Blockchain
- 5.4.2 Integration of Machine Learning Algorithm with IoT valves
5.5 Impact of Drivers and Restraints:

6. Middle East & Africa IoT Valves Market - Analysis

6.1 Middle East & Africa IoT Valves Market Revenue (US$ Million), 2021-2031
6.2 Middle East & Africa IoT Valves Market Forecast Analysis

7. Middle East & Africa IoT Valves Market Analysis - by Connectivity

7.1 Wired
- 7.1.1 Overview
- 7.1.2 Wired: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Wireless
- 7.2.1 Overview
- 7.2.2 Wireless: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Middle East & Africa IoT Valves Market Analysis - by Type

8.1 Pressure Independent Control Valve (PICV)
- 8.1.1 Overview
- 8.1.2 Pressure Independent Control Valve (PICV): Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Regular Valves
- 8.2.1 Overview
- 8.2.2 Regular Valves: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Energy Valves
- 8.3.1 Overview
- 8.3.2 Energy Valves: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Middle East & Africa IoT Valves Market Analysis - by Regular Valve

9.1 Ball Valve
- 9.1.1 Overview
- 9.1.2 Ball Valve: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Butterfly Valve
- 9.2.1 Overview
- 9.2.2 Butterfly Valve: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Safety Valve
- 9.3.1 Overview
- 9.3.2 Safety Valve: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.4 Others
- 9.4.1 Overview
- 9.4.2 Others: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. Middle East & Africa IoT Valves Market Analysis - by End User

10.1 Industrial
- 10.1.1 Overview
- 10.1.2 Industrial: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2 Commercial
- 10.2.1 Overview
- 10.2.2 Commercial: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3 Residential
- 10.3.1 Overview
- 10.3.2 Residential: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)

11. Middle East & Africa IoT Valves Market - Country Analysis

11.1 Middle East and Africa
- 11.1.1 Middle East & Africa IoT Valves Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.1 Middle East & Africa IoT Valves Market - Revenue and Forecast Analysis - by Country
  - 11.1.1.2 United Arab Emirates: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.2.1 United Arab Emirates: Middle East & Africa IoT Valves Market Share - by Connectivity
    - 11.1.1.2.2 United Arab Emirates: Middle East & Africa IoT Valves Market Share - by Type
    - 11.1.1.2.3 United Arab Emirates: Middle East & Africa IoT Valves Market Share - by Regular Valve
    - 11.1.1.2.4 United Arab Emirates: Middle East & Africa IoT Valves Market Share - by End User
  - 11.1.1.3 Saudi Arabia: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.3.1 Saudi Arabia: Middle East & Africa IoT Valves Market Share - by Connectivity
    - 11.1.1.3.2 Saudi Arabia: Middle East & Africa IoT Valves Market Share - by Type
    - 11.1.1.3.3 Saudi Arabia: Middle East & Africa IoT Valves Market Share - by Regular Valve
    - 11.1.1.3.4 Saudi Arabia: Middle East & Africa IoT Valves Market Share - by End User
  - 11.1.1.4 South Africa: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.4.1 South Africa: Middle East & Africa IoT Valves Market Share - by Connectivity
    - 11.1.1.4.2 South Africa: Middle East & Africa IoT Valves Market Share - by Type
    - 11.1.1.4.3 South Africa: Middle East & Africa IoT Valves Market Share - by Regular Valve
    - 11.1.1.4.4 South Africa: Middle East & Africa IoT Valves Market Share - by End User
  - 11.1.1.5 Rest of Middle East and Africa: Middle East & Africa IoT Valves Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 11.1.1.5.1 Rest of Middle East and Africa: Middle East & Africa IoT Valves Market Share - by Connectivity
    - 11.1.1.5.2 Rest of Middle East and Africa: Middle East & Africa IoT Valves Market Share - by Type
    - 11.1.1.5.3 Rest of Middle East and Africa: Middle East & Africa IoT Valves Market Share - by Regular Valve
    - 11.1.1.5.4 Rest of Middle East and Africa: Middle East & Africa IoT Valves Market Share - by End User

12. Competitive Landscape

12.1 Company Positioning & Concentration
12.2 Heat Map Analysis by Key Players

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Mergers & Acquisitions

14. Company Profiles

14.1 Klinger Holding GmbH
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 KTW Technology GMBH
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Carrier Global Corp
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Belimo Holding AG
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 IMI Plc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Ultra Clean Holdings Inc
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Siemens AG
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Flowserve Corp
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Honeywell International Inc
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Larsen & Toubro Ltd
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
14.11 Smart Wires Inc
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
14.12 Flow Dynamics LLC
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments
14.13 IoT Technologies
- 14.13.1 Key Facts
- 14.13.2 Business Description
- 14.13.3 Products and Services
- 14.13.4 Financial Overview
- 14.13.5 SWOT Analysis
- 14.13.6 Key Developments
14.14 ChengDu ZhiCheng Technology Co., Ltd.
- 14.14.1 Key Facts
- 14.14.2 Business Description
- 14.14.3 Products and Services
- 14.14.4 Financial Overview
- 14.14.5 SWOT Analysis
- 14.14.6 Key Developments
14.15 Teksun Inc.
- 14.15.1 Key Facts
- 14.15.2 Business Description
- 14.15.3 Products and Services
- 14.15.4 Financial Overview
- 14.15.5 SWOT Analysis
- 14.15.6 Key Developments
14.16 Autorun Control Valve Co.,Ltd.
- 14.16.1 Key Facts
- 14.16.2 Business Description
- 14.16.3 Products and Services
- 14.16.4 Financial Overview
- 14.16.5 SWOT Analysis
- 14.16.6 Key Developments
14.17 Ham-Let Group
- 14.17.1 Key Facts
- 14.17.2 Business Description
- 14.17.3 Products and Services
- 14.17.4 Financial Overview
- 14.17.5 SWOT Analysis
- 14.17.6 Key Developments
14.18 Rusco
- 14.18.1 Key Facts
- 14.18.2 Business Description
- 14.18.3 Products and Services
- 14.18.4 Financial Overview
- 14.18.5 SWOT Analysis
- 14.18.6 Key Developments

15. Appendix

15.1 Glossary
15.2 About The Insight Partners