Saudi Arabia Water Heater Market Share, Size, Growth and Forecast 2022-2027

According to IMARC Group latest published report, The Saudi Arabia water heater market size reached US$ 174 Million in 2021. Looking forward, the market expects to reach US$ 205.6 Million by 2027, exhibiting a CAGR of 2.7% during 2022-2027.

Water heaters are appliances that are used to provide a continual supply of hot water for various domestic and industrial applications, such as cooking, cleaning, bathing, and space heating. It consists of a tank, dips tube, shut off valve, heat out the pipe, thermostat, heating mechanism, drain valve, pressure relief valve, and sacrificial anode red that employs an energy source to heat water above its initial temperature. Water heaters are connected to a water source that supplies the hot water across various fixtures, including taps, showers, and dishwashers. Depending on the diverse requirements of the users and sectors, these amenities are commercially available in a variety of shapes, sizes, and storage capabilities.

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Saudi Arabia Water Heater Market Trends:

The Saudi Arabia water heater market is growing on account of significant economic transformation and rapid urbanization in the country. This, in turn, has led to an increase in the disposable income of the population, thereby further reinforcing the accessibility and affordability of these products. In line with this, the increasing demand for hot water from the residential sector for completing daily chores and the rising awareness regarding benefits associated with water heaters, such as easy installation, longer life span, and lower maintenance, are acting as another growth-inducing factor.

Additionally, the thriving tourism and hospitality sector is also inflating the sales of water heaters as numerous hotels are increasingly installing the product to provide a luxurious experience to their customers. Moreover, an enhanced focus on sustainable development has urged consumers to shift toward solar water heaters, which is catalyzing market growth.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/saudi-arabia-water-heater-market

Competitive Landscape

The competitive landscape of the market has been examined, with the detailed profiles of the key players operating in the market.

Ariston Thermo SpA,
Orbital Horizon Est.,
Saudi Ceramics Company
Al Huraiz Est. For industry.

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