Product Code: ETC022019 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Heating Equipment Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 9.72% in 2025, the market peaks at 12.27% in 2028, and settles at 10.74% by 2029.
The Saudi Arabia heating equipment market is expected to grow at a CAGR of 5.3% during the forecast period 2025-2031. The growing building and construction industry, increasing government initiatives towards energy efficiency and renewable sources of energy, rising demand for space heating applications in various industries are some of the key factors driving the growth of the market in Saudi Arabia. Additionally, favorable climatic conditions in most parts of the country has also increased activities related to air conditioning systems which is fueling further demand for different types of heating equipments in this region. Furthermore, with technological advancements being adopted by manufacturers coupled with an increase in disposable incomes has been driving an upswing in consumer purchase power leading to higher adoption rate amongst end-users across different application sectors such as residential and non-residential buildings among others.
With rapid urbanization and industrialization within KSA, there have been significant investments over last few years from both public & private sector units into infrastructure projects directed towards development mainly catered toward housing facilities that involve large scale constructions resulting into high demands for HVAC (heating ventilation & air conditioning) equipment??s including water heaters / boilers etc., contributing positively towards overall growth prospects within this segment over next few years as well . The nation has witnessed numerous governmental regulations & directives associated with implementation of eco friendly technologies such as solar powered appliances/equipment??s / geothermal heat pumps among others along side focus on upgradations designed against existing infrastructure networks based upon utilizationof green sources thereby helping reduce carbon emissions while achieving sustainability goals established under vision 2031 plan launched by KSA government recently.
As compared to conventional fuel based systems , installation cost involved against renewable source driven options like solar , wind or geothermal still remains quite high due to their complex mechanical structures making them unaffordable for masses thus hindering mass popularity despite wide spread awareness campaigns conducted by authorities regarding environmental benefits offered through sustainable solutions.
The Covid-19 pandemic had an unprecedented effect on global markets including Saudi Arabia heating equipment market where lockdown measures taken by authorities resulted in disrupted supply chain activities leading to temporary halt of operations followed by slow down afterwards thereby impacting revenues negatively throughout 2025 however it should pick up pace as situation normalizes over time.
Some major providers operating within Saudi Arabia region include Daikin Industries Ltd., Fujitsu General Limited , Honeywell International Inc., Johnson Controls - Hitachi Air conditioning , Mitsubishi Electric Corporation etc amongst others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Heating Equipment Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Heating Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Heating Equipment Market - Industry Life Cycle |
3.4 Saudi Arabia Heating Equipment Market - Porter's Five Forces |
3.5 Saudi Arabia Heating Equipment Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Saudi Arabia Heating Equipment Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Saudi Arabia Heating Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and industrialization in Saudi Arabia leading to a higher demand for heating equipment. |
4.2.2 Government initiatives promoting energy efficiency and sustainability in buildings, driving the adoption of modern heating systems. |
4.2.3 Growth in the construction sector, including residential, commercial, and industrial projects, boosting the demand for heating equipment. |
4.3 Market Restraints |
4.3.1 Volatile oil prices affecting consumer purchasing power and investment in heating equipment. |
4.3.2 Seasonal fluctuations in temperature impacting the immediate need for heating equipment purchases. |
4.3.3 Competition from alternative heating solutions such as solar heating systems or district heating networks. |
5 Saudi Arabia Heating Equipment Market Trends |
6 Saudi Arabia Heating Equipment Market, By Types |
6.1 Saudi Arabia Heating Equipment Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Heating Equipment Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Saudi Arabia Heating Equipment Market Revenues & Volume, By Heat Pumps, 2021-2031F |
6.1.4 Saudi Arabia Heating Equipment Market Revenues & Volume, By Furnaces, 2021-2031F |
6.1.5 Saudi Arabia Heating Equipment Market Revenues & Volume, By Boilers, 2021-2031F |
6.1.6 Saudi Arabia Heating Equipment Market Revenues & Volume, By Unitary Heaters, 2021-2031F |
6.1.7 Saudi Arabia Heating Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Heating Equipment Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Heating Equipment Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Saudi Arabia Heating Equipment Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Saudi Arabia Heating Equipment Market Revenues & Volume, By Industrial, 2021-2031F |
7 Saudi Arabia Heating Equipment Market Import-Export Trade Statistics |
7.1 Saudi Arabia Heating Equipment Market Export to Major Countries |
7.2 Saudi Arabia Heating Equipment Market Imports from Major Countries |
8 Saudi Arabia Heating Equipment Market Key Performance Indicators |
8.1 Energy efficiency ratings of heating equipment sold in the market. |
8.2 Adoption rate of smart heating systems in residential and commercial buildings. |
8.3 Percentage of new construction projects incorporating advanced heating technologies. |
8.4 Average age of heating equipment in use across different sectors. |
8.5 Number of government incentives or rebates utilized for the installation of energy-efficient heating equipment. |
9 Saudi Arabia Heating Equipment Market - Opportunity Assessment |
9.1 Saudi Arabia Heating Equipment Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Saudi Arabia Heating Equipment Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Saudi Arabia Heating Equipment Market - Competitive Landscape |
10.1 Saudi Arabia Heating Equipment Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Heating Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |