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Saudi Arabia Water Heater Market Size

Report ID: GMI2669
Published Date: Oct 2023
Report Format: PDF

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Saudi Arabia Water Heater Market Size

Saudi Arabia Water Heater Market was valued at more than USD 542.7 million in 2023 and projected to exhibit 5% CAGR from 2024 to 2032. Surging requirement for savings in electricity bills in line with rising inclination to address the hot water supply demand will foster the business trends.

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Implementation of stringent efficiency standards along with rise of advanced technologies will encourage the development and adoption of energy-efficient water heaters. For instance, in September 2022, Rheem Manufacturing Company launched the Rheem Professional Prestige Smart electric water heater featuring a demand response and LeakGuard. The water heater offers advanced electric solutions complying with new energy regulations and seamless connection to the electric grid.

Saudi Arabia Water Heater Market Report Attributes
Report Attribute	Details
Base Year:	2023
Saudi Arabia Water Heater Market Size in 2023:	USD 542.7 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5%
2032 Value Projection:	USD 832.7 Million
Historical Data for:	2019 to 2023
No. of Pages:	1,160
Tables, Charts & Figures:	287
Segments covered:	Product, Capacity, Application, Fuel
Growth Drivers:	Growing demand for energy efficient products Rising focus on emission reduction Rapid urbanization and rising demand for product customization
Pitfalls & Challenges:	High installation cost

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Authors: Ankit Gupta, Sristhi Agrawal

Frequently Asked Questions (FAQ) :

The market valuation of Saudi Arabia water heater was surpassed USD 542.7 million in 2023 and is projected to be worth USD 832.7 million by 2032, driven by the surging requirement for savings in electricity bills along with the rising need to address hot water supply requirements.

Saudi Arabia instant water heater market size is projected to exceed USD 137.5 million by 2032 owing to benefits, such as energy-saving and space efficiency coupled with the rising consumer preference for efficient systems at homes.

Demand for commercial water heaters in Saudi Arabia may reach USD 42.5 million by 2032, driven by shifting consumer focus on setting up on-demand water supply in government buildings, institutes, restaurants, and other facilities.

Some of the leading water heater companies in Saudi Arabia are A.O. Smith, Bradford White Corporation, Robert Bosch Middle East FZE, Rheem Manufacturing Company, Saudi Ceramics Company, Ecotherm Austria GmbH, GE Appliances, Watts, and Richmond Water Heaters.