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

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

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Get more information about the market: 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. Want more information about this market? Request a free report sample: Contact Us IMARC Group USA: +1-631-791-1145 Email: sales@imarcgroup.com Website: Follow us on twitter: @imarcglobal – PowerPoint PPT presentation

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


1
    GCC Water Heater Market Stimulated by
Introduction of High-Efficiency Products

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3
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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of International Market Analysis Research and
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Market Analysis Research and Consulting
(IMARC). Disclaimer All contents and data of
this publication, including forecasts, data
analysis and opinion have been based on
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and reliable at the time of publishing.
International Market Analysis Research and
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