Middle East Water Heater Market Size, By Product (Instant [Electric, Gas], Storage [Electric {<30 Liters, 30 - 100 Liters, 100 - 250 Liters, 250 - 400 Liters, >400 Liters}, Gas{<30 Liters, 30 - 100 Liters, 100 - 250 Liters, 250 - 400 Liters, >400 Liters}]

Middle East Water Heater Market Size, By Product (Instant [Electric, Gas], Storage [Electric {<30 Liters, 30 - 100 Liters, 100 - 250 Liters, 250 - 400 Liters, >400 Liters}, Gas{<30 Liters, 30 - 100 Liters, 100 - 250 Liters, 250 - 400 Liters, >400 Liters}]), By Capacity (<30 Liters, 30 - 100 Liters, 100 - 250 Liters, 250 - 400 Liters, >400 Liters), By Application (Residential, Commercial [College/University, Office, Government/Military, Others]), By Fuel (Natural Gas, LPG), COVID-19 Impact Analysis, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2022 - 2030

The Middle East water heater market is set to witness robust expansion through 2030 owing to rapid industrialization and urbanization across the region. In addition, surging consumer consciousness and government initiatives toward energy-efficient products are expected to further drive market demand through the forecast period.

Recently, business enterprises have been formulating profitable and innovative strategies to benefit from emerging trends in the sector, which has contributed to the expansion of the Middle East water heater market. For instance, in November 2021, Ariston, a major heating systems supplier, decided to sell its water heaters in the leading hypermarkets and electronic stores across the UAE. It became the first branded water heater seller in the UAE after it appointed Eros Group, one of the oldest UAE brands, as its exclusive distributor. Ariston group assures end-to-end support to its consumers by offering installation and services through its service centers.

To cite another instance, in May 2022, Daikin Middle East and Africa FZE, a leading manufacturer of heating, air conditioning, ventilation, and refrigerant solutions, displayed its innovative heating solutions of heat pumps and chillers at The Hotel Show Dubai 2022, which took place at the Dubai World Trade Centre.

Notably, the heating sector has seen an upsurge in the prominence of sustainable and renewable heat sources in light of rising awareness pertaining to climate change. As a result, prominent efforts by manufacturers in the region to decrease the reliance on fossil fuels, coupled with growing popularity of solar water heaters, have positively influenced the product landscape of the industry.

The Middle East water heater market has been bifurcated in terms of capacity, fuel, application, product, and country.

On the basis of capacity, the market has been divided into<30 liters, 30 – 100 liters, 100 - 250 liters, 250 - 400 liters, and >400 liters. Among these, the 250-400 liter sub-segment was estimated at nearly $260 million in revenue in 2021 and is set to exhibit solid progress through the assessment timeframe. The< 30 liter sub-segment is foreseen to observe steady growth at a CAGR of more than 8% by 2030.

On the basis of country, the Middle East water heater market spans the geographies of UAE, Saudi Arabia, Qatar, Oman, Kuwait, Turkey, Israel, Iraq, and Rest of ME. The Kuwait water heater market is anticipated to develop at a rate of over 7% by 2030. Meanwhile, the Rest of Middle East water heater industry is set to witness robust growth over the forecast period on account of rising concerns to reduce carbon emissions.