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Saudi Arabia Water Heater Market Trends

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

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Saudi Arabia Water Heater Market Trends

Upgradation by various homeowners for their older, less efficient water heaters with new, and more energy-efficient models to save on operating costs and reduce their carbon footprint will drive the industry outlook. Shifting focus toward sustainable buildings and continuous infrastructural developments will fuel the business trend. Rapid expansion in the service sector coupled with rising disposable incomes will sway the industry dynamics.

Robust investments toward smart city construction projects along with surging demand for low-emission water heating units will propel the business outlook. Ongoing incentives on installation of efficient heating devices coupled with significant launch of smart & engineered technological solutions for water heating will augment the product demand.

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.