GCC Water Heater Market Report Overview 2018: Trends, Growth, Share, Size, Region, And Forecast 2023

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    GCC Water Heater Market Stimulated by
Introduction of High-Efficiency Products

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Report Description and Highlights
Report Description
GCC Water Heater Market Stimulated by
Introduction of High-Efficiency Products The GCC
water heater market has witnessed a robust growth
over the past several years. This can be
attributed to government efforts towards reducing
greenhouse emissions in the region coupled with
introduction of modern product variants. The
latest report by IMARC Group, entitled GCC Water
Heater Market Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2018-2023,
finds that the GCC water heater market reached a
value of US 129.6 Million in 2017. Water heaters
are utilized in restaurants, hotels and
residential spaces to production facilities and
hospitals since hot water is utilized for
numerous applications including laundry, goods
manufacturing as well as sanitizing and cleaning
of surgical instruments. In the GCC region, the
governments have introduced several initiatives
towards reducing the constantly rising carbon
emissions and demand for electricity by
introducing green building codes and standards to
develop sustainable technologies. In line with
this, the manufacturers are introducing highly
efficient and innovative products, such as solar
water heaters and heat pump water heaters, which
are capable of reducing up to 75 energy
consumption.
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Report Description and Highlights
Report Description

• GCC Water Heater Market Trends
• On account of the changing market dynamics in the
  GCC region, the conventional heating systems are
  being replaced with modern high-efficiency water
  heaters which are eco-friendly, easy to install,
  have a longer life span and require lower
  maintenance. An increasing number of consumers in
  the region are also shifting towards tankless
  water heaters as they are space- and
  cost-efficient. Apart from this, there has been a
  rise in the sales of commercial water heaters,
  especially in the UAE and Saudi Arabia, driven by
  the flourishing tourism industry. Similarly, on
  account of economic diversification, the
  expansion in the manufacturing sector of the
  region has provided a thrust to the demand for
  industrial water heaters. Looking forward, the
  market is projected to reach a value of US 332.5
  Million by 2023, expanding at a CAGR of 17.0
  during 2018-2023.
• GCC Water Heater Market Summary
• Based on product type, storage covering water
  heater is the most popular product in the GCC
  region. Storage covering water heater is followed
  by solar water heater and instant water heater.
• Read more here http//bit.ly/2DJjhlE

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Report Description and Highlights
Report Description

•  
• On the basis of end-use, the market has been
  segregated into residential, commercial and
  industrial sectors. Currently, the residential
  sector represents the largest end-use segment,
  accounting for majority of the total market
  share.  
• Region-wise, Saudi Arabia enjoys the leading
  position in the GCC water heater market, on
  account of the large population base in the
  country. Other major regions include the UAE,
  Qatar, Kuwait, Oman and Bahrain.
• The competitive landscape of the GCC water heater
  market has also been analyzed with some of the
  key players being Ariston, Orbital Horizon, Saudi
  Ceramics and Al Huraiz.
• Want more information about this market? Request
  a free report sample
• https//www.imarcgroup.com/request?typereportid
  979flagB
• Browse More Related Reports 
• GCC Solar Water Heater Market http//bit.ly/2Q9Sy
  4q
• Solar Water Heater Market http//bit.ly/2K9LW3O

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Report Description and Highlights
Report Description

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