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.
![Saudi Arabia Water Heater Market](https://reports.sperresearch.com/data/saudi-arabia-water-heater-market%201-010115119062023.jpg)
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.
![Saudi Arabia Water Heater Market](https://reports.sperresearch.com/data/saudi-arabia-water-heater-market%202-009201419062023.jpg)
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 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. SPER’s internal database
2.1.4. 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. 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. PORTER’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