With 2.7% CAGR, Saudi Arabia Water Heater Market Size to Reach US$ 205.6 Million 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.
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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.
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:
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:
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.
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