Saudi Arabia Water Heater Market to Reach US$ 209.9 Million by 2028, Supported by Rapid Urbanization

June 04, 2022

According to the latest report by IMARC Group, titled "Saudi Arabia Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the Saudi Arabia water heater market reached a value of US$ 179.9 Million in 2022. Water heaters are appliances that are used to provide a continual supply of hot water for various domestic and industrial applications, such as cooking, cleaning, bathing, and space heating. It consists of a tank, dips tube, shut off valve, heat out the pipe, thermostat, heating mechanism, drain valve, pressure relief valve, and sacrificial anode red that employs an energy source to heat water above its initial temperature. Water heaters are connected to a water source that supplies the hot water across various fixtures, including taps, showers, and dishwashers. Depending on the diverse requirements of the users and sectors, these amenities are commercially available in a variety of shapes, sizes, and storage capabilities.


Saudi Arabia Water Heater Market Trends:

The Saudi Arabia water heater market is growing on account of significant economic transformation and rapid urbanization in the country. This, in turn, has led to an increase in the disposable income of the population, thereby further reinforcing the accessibility and affordability of these products. In line with this, the increasing demand for hot water from the residential sector for completing daily chores and the rising awareness regarding benefits associated with water heaters, such as easy installation, longer life span, and lower maintenance, are acting as another growth-inducing factor. Additionally, the thriving tourism and hospitality sector is also inflating the sales of water heaters as numerous hotels are increasingly installing the product to provide a luxurious experience to their customers. Moreover, an enhanced focus on sustainable development has urged consumers to shift toward solar water heaters, which is catalyzing market growth. Apart from this, continuous technological advancements, such as the launch of Wi-Fi compatible tankless water heaters, heat pumps, condensing gas, and electric tankless systems, to make water heaters more energy efficient are projected to drive the market further toward growth. Looking forward, the market is expected to reach a value of US$ 209.9 Million by 2028.


Market Summary:

  • On the basis of type, the market has been segmented into storage covering water heater, solar water heater and instant water heaters. Amongst these, storage covering water heater dominates the market.
  • The market has been segregated on the basis of end-use, which includes residential, commercial and industrial sectors. Currently, the residential sector represents the largest segment accounting for the majority of the market share.
  • The competitive landscape of the market has also been examined with some of the key players being Ariston, Orbital Horizon, Saudi Ceramics and Al Huraiz.


Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units GW thermal, US$ Million
Segment Coverage Type, End-Use
Companies Covered Ariston, Orbital Horizon, Saudi Ceramics and Al Huraiz
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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.

Contact Us:

IMARC Group

USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Saudi Arabia Water Heater Market to Reach US$ 209.9 Million by 2028, Supported by Rapid Urbanization
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More