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With 2.7% CAGR, Saudi Arabia Water Heater Market Size to Reach US$ 205.6 Million 2022-2027

12-07-2022 04:33 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

With 2.7% CAGR, Saudi Arabia Water Heater Market Size to Reach US$

According to the latest report by IMARC Group "Saudi Arabia Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The Saudi Arabia water heater market size reached US$ 174 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 205.6 Million by 2027, exhibiting a CAGR of 2.7% during 2022-2027.

Water heaters are appliances that utilize a fuel source, electricity or solar energy to heat water in residential, commercial and industrial sectors. They are connected to a water source that supplies the hot water to numerous fixtures and appliances across a house or a building including taps, showers and dishwashers. They are utilized across households for various purposes, such as taking baths or washing clothes. These heaters are also employed across multiple industrial sectors such as paper manufacturing, food and beverage, and wastewater treatment for a diverse array of applications. Improving standards of living and inflated disposable incomes in Saudi Arabia have bolstered the sales of water heaters across the region.

Request for a sample copy of this report: https://www.imarcgroup.com/saudi-arabia-water-heater-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Saudi Arabia Water Heater Market Trends:

A rise in the requirement for warm and hot water across households in Saudi Arabia is one of the primary factors driving the growth of the market. Changing lifestyles and high per capita income levels have led to an increase in the adoption of water heaters for daily purposes such as cooking, cleaning and bathing. Additionally, the thriving hospitality sector in the region is influencing the sales of these heaters. Moreover, inflating electricity prices, along with the growing awareness regarding the use of conventional sources of energy, has led the users to shift toward solar water heaters which are not only eco-friendly but also require low maintenance. Continuous technological advancements such as the advent of Wi-Fi compatible tankless water heaters are further anticipated to provide a thrust to the market growth.

Report Segmentation:

The report has segmented the market into the following categories:

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 been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Ariston
Orbital Horizon
Saudi Ceramics
Al Huraiz.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/saudi-arabia-water-heater-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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Contact US

IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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