IMARC Group

Saudi Arabia Water Heater Market Size, Growth, Share & Forecast 2023-2028

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According to the latest report by IMARC Group "Saudi Arabia Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The Saudi Arabia water heater market size reached US$ 179.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 209.9 Million by 2028, exhibiting a growth rate (CAGR) of 2.5% during 2023-2028. Water heaters are appliances that utilize a fuel source, electricity or solar energy to heat water in residential, commercial and industrial sectors. They are connected to a water source that supplies the hot water to numerous fixtures and appliances across a house or a building including taps, showers and dishwashers. They are utilized across households for various purposes, such as taking baths or washing clothes. These heaters are also employed across multiple industrial sectors such as paper manufacturing, food and beverage, and wastewater treatment for a diverse array of applications. Improving standards of living and inflated disposable incomes in Saudi Arabia have bolstered the sales of water heaters across the region. Request for a sample copy of this report: https://www.imarcgroup.com/saudi-arabia-water-heater-market/requestsample Saudi Arabia Water Heater Market Trends: A rise in the requirement for warm and hot water across households in Saudi Arabia is one of the primary factors driving the growth of the market. Changing lifestyles and high per capita income levels have led to an increase in the adoption of water heaters for daily purposes such as cooking, cleaning and bathing. Additionally, the thriving hospitality sector in the region is influencing the sales of these heaters. Moreover, inflating electricity prices, along with the growing awareness regarding the use of conventional sources of energy, has led the users to shift toward solar water heaters which are not only eco-friendly but also require low maintenance. Continuous technological advancements such as the advent of Wi-Fi compatible tankless water heaters are further anticipated to provide a thrust to the market growth. Report Segmentation: The report has segmented the market into the following categories: Breakup by Type: Breakup by End-Use: Competitive Landscape: The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these key players include: Ask Analyst for Free Customized Report: https://www.imarcgroup.com/request?type=report&id=945&flag=F If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization. About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise. Contact US IMARC Group Email: sales@imarcgroup.com USA: +1-631-791-1145 | Asia: +91-120-433-0800 Address: 134 N 4th St. Brooklyn, NY 11249, USA Follow us on Twitter: @imarcglobal