Saudi Arabia Water Heater Market report thoroughly covers the report by its product types, applications, distribution channels, and regions. Saudi Arabia water heater market report provides an unbiased and detailed analysis of the ongoing Saudi Arabia Water Heater market trend analysis, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their strategies accordingly to the future and current market dynamics.

Saudi Arabia Water Heater Market Synopsis

Saudi Arabia Water Heater Market is anticipated to gain momentum during the upcoming years on account of rapid industrialization along with the rising demand for energy-efficient systems that have propelled the Saudi Arabia Water Heater Market Growth. The boom in the tourism sector coupled with ongoing smart city projects has further given a boost to the water heater market. Increasing innovation of technology coupled with improvement in the standard of living is driving the Saudi Arabia Water Heater Market Share. Additionally, extensive application of water heaters in various sectors such as manufacturing, industrial and residential sectors is also developing the demand for the water heaters.

According to 6Wresearch, Saudi Arabia Water Heater Market size is expected to witness significant growth during 2019-2025. Growing construction projects in the country would lead to a surge in the deployment of the water heater in the country. For instance, “King Abdullah Financial City”, “Riyadh metro project”, “Neom gigaproject” has given a tremendous boost to the infrastructure sector leading to the increase in the installation of water heaters. The introduction of the “Minimum Energy Performance Standards (MEPS)” policy by “The Saudi Standards Metrology and Quality Organization” has mandated the energy testing requirements of different types of water heaters, thereby augmenting the demand for solar water heaters. Increasing disposable income coupled with a surging standard of living is driving the demand for energy-efficient systems which is further bolstering the Saudi Arabia Water Heater Market Share.

Saudi Arabia water heater market is projected to register sound revenues in the coming time frame backed by the growth of various industrial sectors such as commercial, tourism, and industrial. Additionally, urbanization is the key driver for the growth of the water heaters in the country backed by enhanced construction in the residential sector coupled with an increase in the discretionary spending of the households towards premium products and services. Further, the introduction of conventional gas water heaters which are environmentally friendly and tend to use less electricity and are further expected to benefit the Saudi Arabia water heater market garner exponential growth throughout the forecast period. Moreover, growing industrialization and increasing adoption of electric water heaters is proliferating the growth of the Saudi Arabia Water Heater Industry.

Rising technological advancement such as automatic indicators trends to reduce excess energy coupled with the installation of blue diamond lines which provide corrosion resistance traits and is anticipated to contribute to generating lucrative opportunities in the coming timeframe.

Market Analysis by applications

Based on applications, the residential sector is expected to hold a prominent share over the forecast period owing to the growing construction projects in the residential sector coupled with growing urbanization. Widespread applications in thermal power plants, the manufacturing sector, and the food & beverage industries would result in a further increase in demand over the forecast period.

Key Highlights of the Report:

• Saudi Arabia Water Heater Market Overview
• Saudi Arabia Water Heater Market Outlook
• Saudi Arabia Water Heater Market Forecast
• Historical Data of Saudi Arabia Water Heater Market Revenues for the Period 2015-2018
• Saudi Arabia Water Heater Market Size and Saudi Arabia Water Heater Market Forecast of Revenues and Volume, Until 2025
• Historical Data of Saudi Arabia Water Heater Market Revenues and Volume, By Product Types, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Water Heater Market Revenues and Volume, By Product Types, until 2025
• Historical Data of Saudi Arabia Water Heater Market Revenues and Volume, By Applications, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Water Heater Market Revenues and Volume, By Applications, until 2025
• Historical Data of Saudi Arabia Water Heater Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Water Heater Market Revenues and Volume, By Distribution Channels, until 2025
• Historical Data of Saudi Arabia Water Heater Market Revenues and Volume, By Regions, for the Period 2015-2018
• Market Size & Forecast of Saudi Arabia Water Heater Market Revenues and Volume, By Regions, until 2025
• Market Drivers and Restraints
• Saudi Arabia Water Heater Market Trends
• Market Opportunity Assessment
• Saudi Arabia Water Heater Market Share, By Regions
• Saudi Arabia Water Heater Market Share, By Players
• Saudi Arabia Water Heater Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Saudi Arabia Water Heater Market report provides a detailed analysis of the following market segments:

By Product Types:

• Solar
• Instant
• Electric
• Gas

By Applications:

• Commercial
• Residential
• Industrial

By Distribution Channel:

• Supermarket/Hypermarket
• Specialty Stores
• E-Commerce
• Others (Wholesalers, Distributors)

By Regions:

• Northern Region
• Southern Region
• Eastern Region
• Central Region

Frequently Asked Questions About the Market Study: FAQs

1). Which segment based on application is expected to hold a prominent share?

Based on applications, the residential sector is expected to hold a prominent share over the forecast period.

2). What is the study period of the report?

The study period of the report is 2019-2025.

3). What is the key driver of the Saudi Arabia Water Heater Market? 

Urbanization is the key driver for the growth of the water heaters in the country backed by enhanced construction in the residential sector coupled with an increase in the discretionary spending of the households towards premium products and services.

4). How is the advancement of technology generating opportunities for the growth of the market?

Rising technological advancement such as automatic indicators trends to reduce excess energy coupled with the installation of blue diamond lines which provide corrosion resistance traits and is anticipated to contribute towards generating lucrative opportunities in the coming timeframe.