Saudi Arabia Water Heater Market Growth, Size, Trends, Demand, Revenue and Future Competition: SPER Market Research

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Published: Jun 2023	Report ID: POAE2336	Pages: 1 - 103	Formats^*:
Category : Power & Energy

Saudi Arabia Water Heater Market Overview

According to SPER Market Research, the Saudi Arabia Water Heater Market is estimated to reach USD 0.24 billion by 2033 with a CAGR 2.73%.

A water heater is an appliance that heats the cold water provided via a pipe system. This heated water can be used for a variety of applications, including bathing and showering, as well as in washing machines and dishwashers. Several technologies have been developed over the years to make water heaters more energy efficient, such as heat pump water heaters, condensing gas water heaters, gas and electric tankless systems and so on. The demand for water heaters has increased in Saudi Arabia in recent years as living conditions have improved.

Exploring the Growth Drivers of the Saudi Arabia Water Heater Industry

The water heater market in Saudi Arabia is driven by several factors. Rapid population growth and urbanization create a higher demand for water heaters in residential and commercial settings. As the standard of living improves, there is a greater preference for comfortable living conditions, with water heaters considered essential for various purposes. The Saudi Arabian government's focus on energy efficiency and sustainability has led to regulations and initiatives promoting the use of energy-efficient appliances, including water heaters. These measures drive the adoption of more efficient and eco-friendly solutions in the market. These growth drivers collectively contribute to the expansion of the water heater market, presenting opportunities for manufacturers and suppliers in Saudi Arabia. Moreover, the Saudi Arabia water heater market benefits from the growing tourism and hospitality sector, which requires efficient water heating systems. Additionally, technological advancements, including solar water heaters and tankless systems, contribute to market growth by providing energy efficiency and cost savings.

What challenges does the Saudi Arabia Water Heater Market face?

The Saudi Arabia water heater market encounters challenges related to water quality, extreme weather conditions, and energy efficiency. The water quality issues, including high mineral content and sediments, can lead to scaling, corrosion, and decreased performance of water heaters. Hence, manufacturers must develop solutions capable of handling such conditions and ensuring long-term efficiency. Besides, the extreme weather in Saudi Arabia, characterized by hot summers and cold winters, places additional strain on water heaters, necessitating durability and sufficient heating capabilities. Moreover, energy efficiency is also a concern in the country, driven by the need to reduce energy consumption and carbon emissions. Manufacturers should prioritize the development of energy-efficient models that comply with regulations and align with consumer demand for sustainable products.

In what ways has the COVID-19 pandemic affected Saudi Arabia Water Heater Market?

The COVID-19 pandemic has had mixed impacts on the water heater market in Saudi Arabia. The negative effects include decreased demand due to reduced economic activity and financial constraints faced by consumers. Disruptions in supply chains have also affected the availability of water heaters due to delays in raw material delivery. On the positive side, there has been a shift in consumer behaviour towards touchless and smart home technologies, leading to an increased interest in advanced water heating solutions. Overall, the pandemic has presented challenges for the market, but also opportunities for innovation and the adoption of advanced technologies in water heaters.

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Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Product, By Capacity, By Application, By Fuel
Regions covered	Eastern Region, Riyadh Region, Mecca Region, Medina Region, Tabuk Region, Al-Jawf Region, Rest of Saudi Arabia.
Companies Covered	A.O. Smith, Ariston, Jaquar KSA, Legrand, Orbital Horizon, Rheem Manufacturing Company, State Water Heaters, Others.

Key Target Audience

Commercial and Industry Establishments
Distributors and Retailers
Energy Efficiency and Sustainability Advocates
General Consumers
Government and Public Sector
Urban Dwellers
Others

Saudi Arabia Water Heater Market Segmentation:

1. By Product:

Saudi Arabia Water Heater Market Value Share and Forecast, By Product, 2023-2033
Instant
Storage

2. By Capacity:

Saudi Arabia Water Heater Market Value Share and Forecast, By Capacity, 2023-2033
Large Water Heater
Medium Water Heater
Small Water Heater

3. By Application:

Saudi Arabia Water Heater Market Value Share and Forecast, By Application, 2023-2033
Commercial
Industrial
Residential

4. By Fuel:

Saudi Arabia Water Heater Market Value Share and Forecast, By Fuel, 2023-2033
LPG
Natural Gas

5. By Region:

Al-Jawf Region
Eastern Region
Mecca Region
Medina Region
Riyadh Region
Tabuk Region
Rest of Saudi Arabia

Key Topics Covered in the Report

Saudi Arabia Water Heater Market Size (FYâ€™2023-FYâ€™2033)
Overview of Saudi Arabia Water Heater Market
Segmentation of Saudi Arabia Water Heater Market By Product (Instant, Storage)
Segmentation of Saudi Arabia Water Heater Market By Capacity (Small Water Heater, Large Water Heater, Medium Water Heater)
Segmentation of Saudi Arabia Water Heater Market By Application (Residential, Industrial, Commercial)
Segmentation of Saudi Arabia Water Heater Market By Fuel (LPG, Natural Gas)
Statistical Snap of Saudi Arabia Water Heater Market
Growth Analysis of Saudi Arabia Water Heater Market
Problems and Challenges in Saudi Arabia Water Heater Market
Competitive Landscape in the Saudi Arabia Water Heater Market
Impact of COVID-19 and Demonetization on Saudi Arabia Water Heater Market
Details on Recent Investment in Saudi Arabia Water Heater Market
Competitive Analysis of Saudi Arabia Water Heater Market
Key Players in the Saudi Arabia Water Heater Market
SWOT Analysis of Saudi Arabia Water Heater Market
Saudi Arabia Water Heater Market Future Outlook and Projections (FYâ€™2023-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Saudi Arabia Water Heater Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Saudi Arabia Water Heater Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Water Heater Market

7. Saudi Arabia Water Heater Market, By Product (USD Million)

7.1. Saudi Arabia Water Heater Market Value Share and Forecast, By Product, 2023-2033
7.2. Instant
7.3. Storage

8. Saudi Arabia Water Heater Market, By Capacity (USD Million)

8.1. Saudi Arabia Water Heater Market Value Share and Forecast, By Capacity, 2023-2033
8.2. Large Water Heater
8.3. Medium Water Heater
8.4. Small Water Heater

9. Saudi Arabia Water Heater Market, By Application (USD Million)

9.1. Saudi Arabia Water Heater Market Value Share and Forecast, By Application, 2023-2033
9.2. Commercial
9.3. Industrial
9.4. Residential

10. Saudi Arabia Water Heater Market, By Fuel (USD Million)

10.1. Saudi Arabia Water Heater Market Value Share and Forecast, By Fuel, 2023-2033
10.2. LPG
10.3. Natural Gas

11. Saudi Arabia Water Heater Market Forecast, 2019-2033 (USD Million)

11.1. Saudi Arabia Water Heater Market Size and Market Share

12. Saudi Arabia Water Heater Market, By Product, 2019-2033 (USD Million)

12.1. Saudi Arabia Water Heater Market Size and Market Share by Product (2019-2026)
12.2. Saudi Arabia Water Heater Market Size and Market Share by Product (2027-2033)

13. Saudi Arabia Water Heater Market, By Capacity, 2019-2033 (USD Million)

13.1. Saudi Arabia Water Heater Market Size and Market Share by Capacity (2019-2026)
13.2. Saudi Arabia Water Heater Market Size and Market Share by Capacity (2027-2033)

14. Saudi Arabia Water Heater Market, By Application, 2019-2033 (USD Million)

14.1. Saudi Arabia Water Heater Market Size and Market Share by Application (2019-2026)
14.2. Saudi Arabia Water Heater Market Size and Market Share by Application (2027-2033)

15. Saudi Arabia Water Heater Market, By Fuel, 2019-2033 (USD Million)

15.1. Saudi Arabia Water Heater Market Size and Market Share by Fuel (2019-2026)
15.2. Saudi Arabia Water Heater Market Size and Market Share by Fuel (2027-2033)

16. Saudi Arabia Water Heater Market, By Region, 2019-2033 (USD Million)

16.1. Saudi Arabia Water Heater Market Size and Market Share by Region (2019-2026)
16.2. Saudi Arabia Water Heater Market Size and Market Share by Region (2027-2033)
16.3. Al-Jawf Region
16.4. Eastern Region
16.5. Mecca Region
16.6. Medina Region
16.7. Riyadh Region
16.8. Tabuk Region
16.9. Rest of Saudi Arabia

17. Company Profile

17.1. A.O. Smith

17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments

17.2. Ariston

17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary

17.2.4. Recent developments

17.3. Bradford White Corporation

17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments

17.4. Jaquar KSA

17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments

17.5. Legrand

17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments

17.6. Orbital Horizon

17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments

17.7. Rheem Manufacturing Company

17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments

17.8. State Water Heaters

17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments

17.9. Others

18. List of Abbreviations

19. Reference Links

20. Conclusion

21. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Saudi Arabia Water Heater Market?

Saudi Arabia Water Heater Market is projected to reach USD 0.24 billion by 2033, growing at a CAGR of 2.73% during the forecast period.

What is the growth rate of the Saudi Arabia Water Heater Market?

Saudi Arabia Water Heater Market grew in market size from 2022. The Market is expected to reach USD 0.24 billion by 2033, at a CAGR of 2.73% during the forecast period.

What is the anticipated CAGR of the Saudi Arabia Water Heater Market?

Saudi Arabia Water Heater Market CAGR of 2.73% during the forecast period.

How can I get a sample report on the Saudi Arabia Water Heater Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Saudi Arabia Water Heater Market?

Saudi Arabia Water Heater Market size is USD 0.24 billion from 2023 to 2033.

Which segment is expected to Saudi Arabia Water Heater Market?

Saudi Arabia Water Heater Market Segment is covered By Product, By Capacity, By Application, By Fuel.

Which region is expected to have the highest market share in the Saudi Arabia Water Heater Market?

The Middle East region is anticipated to have the highest market share in the Saudi Arabia Water Heater Market.

Who are the key players in Saudi Arabia Water Heater Market?

The key players in the market include Companies Covered A.O. Smith, Ariston, Jaquar KSA, Legrand, Orbital Horizon, Rheem Manufacturing Company, State Water Heaters, Others.

What is the conclusion of the Saudi Arabia Water Heater Market?

Several technologies have been developed over the years to make water heaters more energy efficient, such as heat pump water heaters, condensing gas water heaters, gas and electric tankless systems and so on. The demand for water heaters has increased in Saudi Arabia in recent years as living conditions have improved.