The newly released research at Market Study Report LLC titled “2018-2024 Middle East Water Heater Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Selbyville, DE -- (SBWIRE) -- 12/24/2018 -- Middle East Water Heater Market is predicted to reach over USD 1.5 billion by 2024. Increasing investment toward development of ageing infrastructure coupled with expanding urban population will stimulate the Middle East water heater market. Betterment of living standards on account of notable rise in the disposable income will accelerate the product penetration. According to the World Population Review in 2018, arround 98% of Kuwait?s population is urbanized at a rate of 2.1% (urbanization rate) per year.
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Kuwait water heater market is set to exceed the installation of over 750 thousand units by 2024. Key parameters including ample business prospects, abundance of potential consumers and rising need for customization of product will encourage the product penetration. In addition, rising investments toward the development of several commercial project will enhance the industry growth. For instance, Kuwait will invest USD 160 billion for island development project, as part of a major construction plan in the next 20 years. The project will include sport facilities, amusement parks, business & shopping centers and hotels.
Growing demand of green building solutions on account of inclination toward sustainable heating systems will foster solar water heater market. Favorable initiatives and regulations to limit carbon emissions will encourage the product landscape. As per major industry regulators, set mandates for the deployment of solar energy systems in newly-built establishments will further complement the product adoption.
Commercial water heater market is set to grow on account of accelerating investment toward development of manufacturing units across the region. The systems are primarily deployed across healthcare services, institutions, shopping centers, service establishments and hotels. The UAE government is expected to invest about USD 8.4 billion toward development of hotels across the country by the end of 2018.
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Qatar water heater market is set to expand over 4% by 2024. Ongoing economic transformations have made the nation an ideal place for trade and business. Current government initiatives toward the commercial infrastructure development for hosting big world class event including the 2022 FIFA world cup will enhance the business landscape.
Reducing natural gas prices coupled with rising electricity generation cost from coal will foster Middle East water heater market. As a clean burning fuel NG is anticipated to witness high demand in the coming years. Government measures toward adoption of NG on account of ample availability will encourage the product penetration.
Key players across Middle East water heater market include Whirlpool, State Industries, A.O. Smith, Ferroli, Bradford White, Himin Solar,Rinnai Corporation, Rheem Manufacturing, Ariston Thermo, Hubbell, Linuo Ritter, Jaquar, Kanch, Saudi Ceramics, Haier & Vaillant, Bosch and Viessmann.
Table of Contents
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Middle East Water Heater Industry Insights
Chapter 4. Middle East Water Heater Market, By Product
Chapter 5. Middle East Water Heater Market, By Application
Chapter 6. Middle East Water Heater Market, By Capacity
Chapter 7. Middle East Water Heater Market, By Fuel
Chapter 8. Middle East Water Heater Market, By Region
Chapter 9. Company Profiles
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For more info - https://www.marketwatch.com/press-release/DBC-Ceramic-Substrate-Market-to-surge-at-96-CAGR-to-Reach-340-million-US-by-the-end-of-2025-2018-12-11/?utm_source=RELW-SP
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