The Saudi Arabia water heater market size reached US$ 184.4 Million in 2023. Looking forward, the market is projected to reach US$ 225.3 Million by 2032, exhibiting a growth rate (CAGR) of 2.25% during 2023-2032.
A water heater is an appliance that heats up the cold water supplied through a system of pipes. This heated water can be used for various purposes such as for taking a hot bath or shower, and in washing machines and dishwashers. Over the decades, several technologies have been developed in order to make water heaters energy efficient, such as heat pump water heaters, condensing gas water heaters, gas and electric tank less systems, etc. In recent years, the demand for water heaters has seen a surge across Saudi Arabia on account of improving standards of living.
The Saudi Arabia water heater market is being primarily driven by inflating disposable income levels and rising domestic applications of warm water which include cooking, bathing, cleaning and space heating. In addition to this, resorts and hotels have increasingly started using hot water in order to satisfy the needs of their consumers. This has, in turn, propelled the demand for water heaters across the region.
Moreover, water heaters are also being used across various manufacturing industries such as thermal power plants, food and beverage processing, and chemicals industries which is another factor fueling the growth of the market. Furthermore, manufacturers are employing numerous technological innovations and advancements for introducing low-cost and efficient water heaters which is directly impacting the market growth.
This report provides a deep insight into the Saudi Arabia water heater market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Saudi Arabia water heater market in any manner.
2. What is the expected growth rate of the Saudi Arabia water heater market during 2024-2032?
3. What are the key factors driving the Saudi Arabia water heater market?
4. What has been the impact of COVID-19 on the Saudi Arabia water heater market?
5. What is the breakup of the Saudi Arabia water heater market based on the type?
6. What is the breakup of the Saudi Arabia water heater market based on the end-use?
7. Who are the key players/companies in the Saudi Arabia water heater market?
A water heater is an appliance that heats up the cold water supplied through a system of pipes. This heated water can be used for various purposes such as for taking a hot bath or shower, and in washing machines and dishwashers. Over the decades, several technologies have been developed in order to make water heaters energy efficient, such as heat pump water heaters, condensing gas water heaters, gas and electric tank less systems, etc. In recent years, the demand for water heaters has seen a surge across Saudi Arabia on account of improving standards of living.
The Saudi Arabia water heater market is being primarily driven by inflating disposable income levels and rising domestic applications of warm water which include cooking, bathing, cleaning and space heating. In addition to this, resorts and hotels have increasingly started using hot water in order to satisfy the needs of their consumers. This has, in turn, propelled the demand for water heaters across the region.
Moreover, water heaters are also being used across various manufacturing industries such as thermal power plants, food and beverage processing, and chemicals industries which is another factor fueling the growth of the market. Furthermore, manufacturers are employing numerous technological innovations and advancements for introducing low-cost and efficient water heaters which is directly impacting the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the Saudi Arabia water heater market report, along with forecasts at the regional and country level from 2024-2032. The report has categorized the market based on type and end-use.Breakup by Type:
- Storage Covering Water Heater
- Solar Water Heater
- Instant Water Heater
Breakup by End-Use:
- Residential
- Commercial
- Industrial
Competitive Landscape
The competitive landscape of the market has also been examined with some of the key players being Ariston, Orbital Horizon, Saudi Ceramics and Al Huraiz.This report provides a deep insight into the Saudi Arabia water heater market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Saudi Arabia water heater market in any manner.
Key Questions Answered in This Report
1. What was the size of the Saudi Arabia water heater market in 2023?2. What is the expected growth rate of the Saudi Arabia water heater market during 2024-2032?
3. What are the key factors driving the Saudi Arabia water heater market?
4. What has been the impact of COVID-19 on the Saudi Arabia water heater market?
5. What is the breakup of the Saudi Arabia water heater market based on the type?
6. What is the breakup of the Saudi Arabia water heater market based on the end-use?
7. Who are the key players/companies in the Saudi Arabia water heater market?
Table of Contents
1 Preface3 Executive Summary10 Recommendation
2 Scope and Methodology
4 Introduction
5 GCC Water Heater Market
6 Saudi Arabia Water Heater Market
7 Market Breakup by Type
8 Market Breakup by End-Use
9 Competitive Landscape
11 Key Players Profile
List of Figures
List of Tables
Companies Mentioned
- Ariston
- Orbital Horizon
- Saudi Ceramics
- Al Huraiz
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 184.4 Million |
| Forecasted Market Value ( USD | $ 225.3 Million |
| Compound Annual Growth Rate | 2.2% |
| Regions Covered | Saudi Arabia |
| No. of Companies Mentioned | 4 |
