Saudi Arabia Electric Water Heater Market report comprehensively covers the Saudi Arabia electric water heater market by product, capacity and applications. Saudi Arabia electric water heater market report provides an unbiased and detailed analysis of the Saudi Arabia electric water heater market trends, Saudi Arabia electric water heater market share, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Saudi Arabia Electric Water Heater Market Synopsis

Saudi Arabia Electric Water Heater Market is projected to expand at a healthy rate in the forecast period on account of increasing disposable income and increasing investments in the residential segment. Approximately 70,000 residential units are expected to be supplied to the market between 2019 and 2021. Additionally, investments in new resorts and hotels would boost the sales of water heaters in the future. However, the electric water heater market is expected to take a hit amid the coronavirus pandemic in 2020. The manufacturing is suffering from both decline in output via ‘supply shock’ as well as ‘demand shock.’ Further, the slowdown in country’s tourism coupled with a halt in hospitality projects would lead to dip in sales in 2020 as Saudi Arabia’s tourism industry could take a hit of up to 45 per cent in 2020 because of the coronavirus pandemic. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.

According to 6Wresearch, Saudi Arabia Electric Water Heater Market size is projected to grow at CAGR of 7.0% during 2020-2026. In 2019, housing developments accounted for the majority of construction projects in the country. However, coronavirus pandemic would slow down the market in terms of supply during 2020.

Market Analysis by Types

In 2019, storage water heaters dominated the product segment in terms of revenue and volume as these types of water heaters are used for centralized water heating which assists in utilizing warm water at different outlets simultaneously.

Market Analysis by Applications

On the basis of applications, Residential sector acquired the largest revenue share in Saudi Arabia electric water heater market in 2019 owing to rising per capita disposable income and improving the standard of living. The government of Saudi Arabia has also planned to increase homeownership from 47% to 60% by 2020 and 70% by 2030, leading to the development of more homes which would eventually boost the demand for electric water heaters over the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Saudi Arabia Electric water heater Market Overview
• Saudi Arabia Electric Water Heater Market Outlook
• Saudi Arabia Electric Water Heater Market Forecast
• Saudi Arabia Electric Water Heater Market Size
• Historical Data of Saudi Arabia Electric Water Heater Market Revenues and Volume for the period, 2017-2019
• Saudi Arabia Electric Water Heater Market Forecast of Revenues and Volume, Until 2026
• Historical Data of Saudi Arabia Electric Water Heater Market Revenues and Volume for the period, By Product, 2017-2019
• Forecast of Saudi Arabia Electric Water Heater Market Revenues and Volume, By Product, Until 2026
• Historical Data of Saudi Arabia Electric Water Heater Market Revenues and Volume for the period, By Capacity, 2017-2019
• Forecast of Saudi Arabia Electric Water Heater Market Revenues and Volume, By Capacity, Until 2026
• Historical Data of Saudi Arabia Electric Water Heater Market Revenues for the period, By Applications, 2017-2019
• Forecast of Saudi Arabia Electric Water Heater Market Revenues, By Applications, Until 2026
• Saudi Arabia Electric Water Heater Market Outlook on Drivers and Restraints
• Saudi Arabia Electric Water Heater Market Trends
• Saudi Arabia Electric Water Heater Industry Life Cycle
• Porter’s Five Force Analysis
• Saudi Arabia Electric Water Heater Market Opportunity Assessment
• Saudi Arabia Electric Water Heater Market Share, By Company
• Saudi Arabia Electric Water Heater Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Product:
• Storage Water Heaters
• Up to 30 Litres
• 1 to 100 Litres
• 1 to 250 Litres
• 1 to 400 Litres
• Above 400 Litres
• Non-Storage Water Heaters
• By Applications:
• Residential
• Commercial
• Industrial

 Frequently Asked Questions About the Market Study:

• Does the report consider COVID-19 impact?
  The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.

• How much growth is expected in the Saudi Arabia Electric Water Heater Market over the coming years?
  The Saudi Arabia Electric Water Heater Market revenue is anticipated to record a CAGR of 7.0% during 2020-2026.

• Which segment has captured key share of the market?
  Storage Water Heater segment is the leading market segment in the overall market revenues in the year 2019.

• Which segment is exhibited to gain traction over the forecast period?
  Residential sector is expected to record key growth throughout the forecast period 2020-2026.

• Who are key the key players of the market?
  The key players of the market include- A. O. Smith Corporation, Ariston Thermo SpA, Bradford White Corporation, Ecotherm Austria GmbH, Haier Smart Home Co. Ltd., Jaquar Group, Rheem Manufacturing Company, Rinnai Corporation, Olympic Group, Heatmaster-Eg

• Is customization available in the market study?
  Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements

• We also want to have market reports for other countries/regions.
  6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.

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