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Saudi Arabia Water Heater Market Share

Report ID: GMI2669
Published Date: Nov 2024
Report Format: PDF

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Saudi Arabia Water Heater Market Share

Saudi Arabia Water Heater Company Market Share

The competitive landscape of the water heater industry in Saudi Arabia is shaped by various factors, including consumer preferences, technological advancements, and economic conditions. Major global brands like Rheem, A. O. Smith, and Bosch have a significant presence, offering advanced technologies and energy-efficient models. The Saudi government has been promoting energy efficiency and sustainability, influencing the market dynamics and encouraging manufacturers to innovate. Home improvement stores and specialized retailers play a crucial role in product availability. Online sales channels are growing, providing consumers with more options and convenience.

Saudi Arabia Water Heater Market Companies

Eminent players operating in the Saudi Arabia water heater industry are:

A.O. Smith
Ariston Holding
Bradford White Corporation
Ecotherm Austria
GE Appliances
Jaquar KSA
Orbital Horizon
Reem Water Heater Company
Rheem Manufacturing Company
Richmond Water Heaters
Robert Bosch Middle East FZE
Saudi Ceramics Company
State Water Heaters
Viessmann Group
Watts

Authors: Ankit Gupta, Sristhi Agrawal

Frequently Asked Questions (FAQ) :

The market size for water heater in Saudi Arabia reached USD 542.7 million in 2023 and is set to grow at a 5% CAGR from 2024 to 2032, driven by rising demand for energy-efficient products.

The storage water heater segment is set to reach USD 695 million by 2032, led by consumer preferences for higher energy efficiency ratings and technological advancements.

The residential segment is projected to grow at a 5% CAGR through 2032 due to technological advancements, changing consumer preferences, and regulatory initiatives.

Key players in the market include A.O. Smith, Ariston Holding, Bradford White Corporation, Ecotherm Austria, GE Appliances, Jaquar KSA, Orbital Horizon, Reem Water Heater Company, Rheem Manufacturing Company.