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Saudi Arabia Water Heater Market Trends

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

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Saudi Arabia Water Heater Market Trends

Smart water heaters equipped with IoT features allow users to monitor and control settings remotely, enhancing convenience and energy savings. Further, many water heaters come with dedicated mobile apps that provide an intuitive interface for users to manage their systems. They can often integrate seamlessly with other smart home devices, such as thermostats and home assistants, allowing for coordinated management of home energy use, enhancing the overall efficiency.

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.