Saudi Arabia Water Heater Market Growth, Size, Trends, Demand, Revenue and Future Competition
Saudi Arabia Water Heater Market Size- By Product, By Capacity, By Application, By Fuel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| 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.
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 (FY'2023-FY'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 (FY'2023-FY'2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’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. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. 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. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Water Heater Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Instant7.3. Storage
8. Saudi Arabia Water Heater Market, By Capacity (USD Million)
8.1. Saudi Arabia Water Heater Market Value Share and Forecast, By Capacity, 2023-20338.2. Large Water Heater8.3. Medium Water Heater8.4. 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, 2023-20339.2. Commercial9.3. Industrial9.4. Residential
10. Saudi Arabia Water Heater Market, By Fuel (USD Million)
10.1. Saudi Arabia Water Heater Market Value Share and Forecast, By Fuel, 2023-203310.2. LPG10.3. 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 Region16.4. Eastern Region16.5. Mecca Region16.6. Medina Region16.7. Riyadh Region16.8. Tabuk Region16.9. Rest of Saudi Arabia
17. Company Profile
17.1. A.O. Smith
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. Ariston
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary
17.2.4. Recent developments
17.3. Bradford White Corporation
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Jaquar KSA
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. Legrand
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Orbital Horizon
17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. Rheem Manufacturing Company
17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
17.8. State Water Heaters
17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. 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.
Frequently Asked Questions About This Report
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.
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.
Saudi Arabia Water Heater Market CAGR of 2.73% during the forecast period.
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Saudi Arabia Water Heater Market size is USD 0.24 billion from 2023 to 2033.
Saudi Arabia Water Heater Market Segment is covered By Product, By Capacity, By Application, By Fuel.
The Middle East region is anticipated to have the highest market share in the 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.
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.
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