Saudi Arabia Water Heater Market Size - By Product (Instant, Storage, Gas), By Application (Residential, Commercial [College/University, Offices, Government/Military, Others]), By Fuel (Natural Gas, LPG), Capacity & Forecast, 2023

Description

List of Tables

Global Saudi Arabia Water Heater Market will witness 4.9% CAGR between 2023 and 2032 due to leading companies' relentless innovation and product launches. Pioneering technological advancements and energy-efficient designs from key players propel market growth. For instance, in December 2022, Milano, a Danube Group subsidiary, unveiled a fresh lineup of water heaters spanning 10 to 100 liters. All units were Emirates Authority for Standardisation and Metrology certified, boasting a 5-star energy rating. Despite being offered below-market prices, Milano assured no compromise on quality or spare parts. The range included a generous 7-year unconditional replacement guarantee and a 2-year thermostat warranty. This commitment reflected Milano's dedication to delivering top-tier products with outstanding value and extensive coverage.

These innovations cater to the region's increasing focus on sustainability and energy conservation. With an array of smart and eco-friendly water heaters entering the market, consumers are drawn to cutting-edge features and efficiency. The continuous stream of advancements and launches from industry leaders shapes the market, meeting Saudi Arabia's evolving demand for advanced, resource-conscious water heating solutions.

The overall Saudi Arabia Water Heater Market share is classified based on product, application, and fuel.

Storage segment will undergo significant development from 2023 to 2032. With a growing population and expanding infrastructure, there's a notable preference for water heaters with storage capabilities. These units offer convenience and reliability, ensuring a steady supply of hot water for various domestic and commercial applications. As consumers prioritize efficiency and convenience, the demand for storage-based water heaters continues to surge, playing a pivotal role in meeting the nation's escalating requirements for consistent and accessible hot water solutions.

Saudi Arabia water heater market size from the residential segment will register a noteworthy CAGR from 2023 to 2032. With a burgeoning population and a surge in housing developments, the need for reliable and efficient water heating solutions is paramount. Residential consumers seek energy-efficient, space-saving, and durable water heaters for everyday use. As comfort and convenience take precedence in homes, the demand for high-quality, cost-effective water heaters tailored for residential settings continues to escalate, shaping the industry to cater to the evolving needs of households across the nation.

Natural gas segment will register an appreciable CAGR from 2023 to 2032. With a focus on energy efficiency and cost-effectiveness, natural gas water heaters gain prominence due to their rapid heating capabilities and relatively lower operational costs. As consumers seek eco-friendly alternatives, these heaters align with the nation's sustainable energy goals. The growing preference for natural gas as a clean energy source propels the water heater market growth, shaping a notable trajectory toward efficient and environmentally conscious water heating solutions across Saudi Arabia.

Product Code: 2669

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Unpaid sources

Chapter 2 Saudi Arabia Water Heater Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor matrix
2.2 Regulatory landscape
2.3 Industry impact forces
- 2.3.1 Growth drivers
  - 2.3.1.1 Growing demand for energy efficient products
  - 2.3.1.2 Rising focus on emission reduction
  - 2.3.1.3 Rapid urbanization and rising demand for product customization
- 2.3.2 Industry pitfalls & challenges
  - 2.3.2.1 High installation cost
2.4 Growth potential analysis
2.5 Porter's Analysis
- 2.5.1 Bargaining power of suppliers
- 2.5.2 Bargaining power of buyers
- 2.5.3 Threat of new entrants
- 2.5.4 Threat of substitutes
2.6 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Innovation & sustainability landscape
3.2 Competitive landscape, 2022
- 3.2.1 Strategic dashboard

Chapter 4 Saudi Arabia Water Heater Market, By Product

4.1 Key product trends
4.2 Instant
- 4.2.1 Electric
- 4.2.2 Gas
4.3 Storage
- 4.3.1 Electric
  - 4.3.1.1. < 30 Liters
  - 4.3.1.2. 30-100 Liters
  - 4.3.1.3. 100-250 Liters
  - 4.3.1.4. 250-400 Liters
  - 4.3.1.5. > 400 Liters
- 4.3.2 Gas
  - 4.3.2.1. < 30 Liters
  - 4.3.2.2. 30-100 Liters
  - 4.3.2.3. 100-250 Liters
  - 4.3.2.4. 250-400 Liters
  - 4.3.2.5. > 400 Liters

Chapter 5 Saudi Arabia Water Heater Market, By Capacity

5.1 Key capacity trends
5.2 < 30 Liters
5.3 30-100 Liters
5.4 100-250 Liters
5.5 250-400 Liters
5.6 > 400 Liters

Chapter 6 Saudi Arabia Water Heater Market, By Application

6.1 Key application trends
6.2 Residential
6.3 Commercial
- 6.3.1 College/University
- 6.3.2 Offices
- 6.3.3 Government/Military
- 6.3.4 Others

Chapter 7 Saudi Arabia Water Heater Market, By Fuel

7.1 Key fuel trends
7.2 Natural gas
7.3 LPG

Chapter 8 Company Profiles

8.1 A.O. Smith
8.2 Bradford White Corporation
8.3 Robert Bosch Middle East FZE
8.4 Rheem Manufacturing Company
8.5 State Water Heaters
8.6 Saudi Ceramics Company
8.7 Ariston Holding N.V.
8.8 Jaquar KSA
8.9 Ecotherm Austria GmbH
8.10 Viessmann Group
8.11 Orbital Horizon
8.12 Reem Water heater company
8.13 GE Appliances
8.14 Watts
8.15 Richmond Water Heaters