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Middle East Water Heater Market Trends

Report ID: GMI2483
Published Date: Oct 2023
Report Format: PDF

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Middle East Water Heater Market Trends

Rising demand for space and water-heating products along with favorable consumer tendencies toward the adoption of a sustainable energy mix favored by stringent energy efficiency reforms has positively influenced the industry landscape. Ongoing investments from financial institutions toward development of advanced heating technologies coupled with rising energy demand will enhance the industry outlook.

For instance, In March 2022, the UAE launched a set of sustainable green building codes at the Expo 2020. The codes have been prepared by the ministry prepared in line with the UAE’s Energy Strategy 2050 & Water Security Strategy 2036. The new building codes will contribute towards a sustainable & environment friendly environment. Further, the standards will continue to support the development of high efficiency buildings in line with the effort to promote the energy transition.

Authors: Ankit Gupta, Sristhi Agrawal

Frequently Asked Questions (FAQ) :

Middle East Water Heater Market was valued at USD 1.75 billion in 2023 and is set to witness 5.7% CAGR between 2024 and 2032.

Middle East storage water heaters market size is expected to cross USD 2.4 billion by 2032, owing to benefits, such as minimized cost, high-energy savings, easy installation, quick & simple maintenance and water storage for longer duration.

Demand for commercial water heaters in the Middle East may reach USD 0.9 billion by 2032, driven by the surging development of green building codes and smart city programs.

UAE water heater market size is set to witness more than 4.5% CAGR from 2023 to 2032, propelled by the introduction of mandates and strategies by major economies in line with development of modernized water heating technologies.