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Middle East Water Heater Market size for 2017 was over USD 1 billion and the annual deployment is set to exceed 9 million units by 2024

Increasing demand for energy efficient systems coupled with favorable regulatory policies toward carbon emissions will foster the Middle East water heater market.

 

Middle East Water Heater Market




(EMAILWIRE.COM, August 09, 2018 ) Middle East water heater market is projected to surpass USD 2.5 Billion by 2024. Stiff government norms and steps to encourage the utilization of energy-saving devices coupled with space constraint with conventional water heating systems will stimulate the industry share. Initiatives adopted for the incorporation of sustainable systems to eradicate the greenhouse gas emissions will fuel the industry growth. For instance, Abu Dhabi Estidama project regulates the construction, design, and operation of buildings according to the specifications for energy-saving appliances to be installed throughout commercial and residential establishments.

Internal migration of rural residents to upgrade their standard of living has resulted in rapid urban growth across the region. Furthermore, increasing demand for refurbishment of existing heating systems coupled with government plans initiating green building will complement the product deployment. The Government of UAE announced green building guidelines in 2015 that intended towards minimization of GHG emissions with an aim to increase the demand of solar energy, further boosting the demand for water heater market throughout the nation.

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UAE water heater market will surpass an annual deployment of 600‘000 units by 2024. Significant encouragement by regulators and policymakers toward the acceptance of smart technologies will augment the business growth. Regulators across UAE have initiated smart city projects across two smart districts, eight government entities, and 545 cities, worth USD 8 billion.

Saudi Arabia water heater market is predicted to grow on account of increasing concerns toward energy conservation along with product standardization. Additionally, ongoing investments from several financial institutions toward the upgradation of existing infrastructure will propel the industry growth. International Finance Corporation & World Bank announced investments toward sustainable residential building infrastructure establishment across the region in 2016.

Commercial water heater market is projected to witness substantial growth owing to rapid urbanization and commercialization. Growing spending across tourism sector is leading to the construction of hotels that will augment the business share. Further, abundant investments toward education and healthcare sector is raising the demand for water heating systems.

Qatar water heater market is set to grow on account of rising awareness toward global warming coupled with the adverse impact of emission on the environment. Qatar had a high footprint of carbon di oxide with 55.4 tons per individual in 2016, contributing to around 10 times the average of Middle East, followed by the UAE, Kuwait, and Bahrain. Therefore, the regulators have proposed carbon foot-printing as a strategy toward the reduction of greenhouse gas emissions that computes the total size of the carbon footprint & focuses on the measure to remove it.

Major industry vendors in the Middle East water heater market comprises of Vaillant, Whirlpool, Haier, Viessmann, Jaquar, Kanch, Ariston, Linuo, Himin, Saudi Ceramics, Rinnai, Hubbell, State Industries, Bosch, Rheem, Ferroli, A.O. Smith, and Bradford White.

Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us


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