Middle East Water Heater Market is set to exceed 9 million units by 2024 Major players across the globe Whirlpool, Bradford White, Saudi Ceramics, Jaquar, Kanch, Viessmann, Bosch, Haier & Vaillant

Harnessing the global trend of energy efficiency and optimized space heating, Middle East water heater market is emerging as one of the most profitable investment grounds in the global energy space. Given the region’s effective geographical positioning for harnessing solar & wind energy, the countries across this belt have been trying to make significant investments away from their dominant O&G-derived ones. The countries across the Middle East are also witnessing rapid urbanization and transformation in their economic growth in the recent years which have propelled the growth of Middle East water heater industry.

The recent instance of Ariston Thermo, an Italian company producing heating systems, that has inaugurated its very first water heater manufacturing plant in the Middle East, validates the popularity of this belt as a viable region for investments. According to reports, the water heater production facility located in the Bahrain International Investment Park (BIIP) will have a production capacity of 250,000 electric water heaters every year. The company has further unveiled that the water heaters that will be manufactured at the plant will be chiefly marketed in the Middle East and North Africa.

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If industry analysts are to be believed, the company’s decision in establishing a manufacturing plant in BIIP throws light on the fact that Middle East water heater industry is not only exhibiting robust product demand but is also tendering the competitive advantage the region has to offer to the global companies. The plant’s opening further reinforces the region’s position as the ideal hub to serve the growing demand for water heaters.

Speaking of the regional demand, the World Bank claims that more that 64% of the population in the Middle East will be migrating and residing in urban areas by 2020. The rising construction spending across the Middle East countries to develop commercial establishments such as stadiums, hotels, shopping malls, commercial spaces, and hospitals will significantly drive the regional industry growth. The construction output of Saudi Arabia, one of the largest countries in the Middle East, amounted to over USD 40 billion in 2015, according to Statista. UAE construction output, with Dubai at its forefront further accounted for USD 36 billion for the same year.

It has also been reported that the UAE government is expected to invest USD 8.4 billion toward the development of hotels across the nations. The data significantly highlights that the surge in construction spending and development of smart cities has necessitated that adoption of necessary appliances, in turn having a positive impact on the commercial Middle East water heater market outlook.

Qatar water heater market will grow over 4% by 2024. Favorable economic transformations have led the country to become an ideal destination for business & trade purpose. Ongoing government plans toward the development of commercial infrastructure to host two major world class events including FIFA world cup in 2022 will further complement the industry landscape.

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Declining natural gas prices along with increasing cost of generating electricity from coal will significantly favor the Middle East water heater market. Natural gas acts as the cleanest burning fuel & thus will witness a high demand in future. Government initiatives toward the adoption of natural gas owing to its abundant availability will further accelerate the product adoption.

The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

• Definition and scope of research

• Market dynamics, growth drivers and industry pitfalls

• Regulatory and political guidelines for the industry

• Demographics and statistical data

Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market Definitions
1.3 Forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources

Chapter 2 Executive Summary
2.1 Middle East water heater industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Capacity trends
2.1.4 Application trends
2.1.5 Fuel trends
2.1.6 Regional trends

Chapter 3 Middle East Water Heater Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation & sustainability

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