6wresearch
by on June 24, 2022
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Saudi Arabia Water Heater Market Overview

Rapid industrialization along with the rising demand for energy-efficient systems have propelled the growth of the Saudi Arabia Water Heater Market. The boom in the tourism sector coupled with ongoing smart city projects has further given a boost to the water heater market.

According to 6Wresearch, Saudi Arabia Water Heater Market size is expected to witness significant growth during 2019-2025. Growing construction projects in the country would lead to a surge in the deployment of the water heater in the country. For instance, “King Abdullah Financial City”, “Riyadh metro project”, “Neom gigaproject” has given a tremendous boost to the infrastructure sector leading to the increase in installation of water heaters. The introduction of the “Minimum Energy Performance Standards (MEPS)” policy by “Saudi Standards Metrology and Quality Organization” has mandated the energy testing requirements of different types of water heaters, thereby augmenting the demand for solar water heaters.

Saudi Arabia Water Heater Market report thoroughly covers the report by its product types, applications, distribution channels, and regions. The water heater market in Saudi Arabia report provides an unbiased and detailed analysis of the ongoing Saudi Arabia Water Heater market trend analysis, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their strategies accordingly to the future and current market dynamics.

Saudi Arabia water heaters market is anticipated to register sound revenues throughout the forecast period 2020-26F backed by the growth of industrial. Commercial and residential sectors. Further, rising technological advancement such as automatic indicators tends to reduce excess energy coupled with installation of blue diamond lines which provide corrosion resistance traits and is anticipated to contribute towards generating lucrative opportunities in the coming timeframe. On the basis of end users, the residential sector is expected to dominate prominent market revenues with rapid rise in the need for water heaters along with increasing urban population to perform their basic activities such as preparing food and in cleaning process which would spur the progressive growth of Saudi Arabia electric water heater markets in the coming years.

Key Highlights of the Report:

  • Saudi Arabia Water Heater Market Overview
  • Saudi Arabia Water Heater Market Outlook
  • Saudi Arabia Water Heater Market Forecast
  • Saudi Arabia Water Heater Market Trends
  • Market Drivers and Restraints
  • Market Opportunity Assessment
  • Saudi Arabia Water Heater Market Share, By Regions
  • Company Profiles
  • Saudi Arabia Water Heater Market Share, By Players
  • Saudi Arabia Water Heater Market Overview on Competitive Benchmarking
  • Key Strategic Recommendations
  • Saudi Arabia Water Heater Market Size and Saudi Arabia Water Heater Market Forecast of Revenues and Volume, Until 2025

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