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Sep 25, 2020 (Market Insight Reports) —
Selbyville, Delaware Global Middle East Water Heater Market Report added at Market Study Report LLC provides industry size, share, growth, trends and forecast analysis up to period. Middle East Water Heater Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Middle East Water Heater market and provides information regarding the revenue for the period.
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.
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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.
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.
Sustained power prices coupled with growing demand for energy efficient solutions will augment the Middle East water heater market. In addition, the ongoing government investment toward execution of green growth strategies will accelerate the product demand. Favorable initiatives toward the upgradation of traditional water heaters will complement the business landscape.
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.
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.
Full Report Summary At: https://www.marketstudyreport.com/reports/middle-east-water-heater-market?utm_source=MarketWatch&utm_medium=RV
The Middle East Water Heater market stands tall as one of the most proactive industry verticals, as claimed by a new research report. This research study forecasts this space to accrue substantial proceeds by the end of the projected period, aided by a plethora of driving forces that will fuel the industry trends over the forecast duration. A gist of these driving factors, in tandem with myriad other dynamics pertaining to the Middle East Water Heater market, such as the risks that are prevalent across this industry as well as the growth opportunities existing in Middle East Water Heater market, have also been outlined in the report.
Report Growth Drivers –
1 Stringent regulation protecting and maintaining safety at workplace
What are the key highlights of this report?
- A systematic pricing analysis has been done on the sources of the product, application, as well as regional categories
- A detailed analysis of the vendor matrix, important companies that will help better understand the competitive situation of the global business
- Important, insightful data on the regulatory status of the market, as well as the investment scenario – for instance, how many stakeholders have invested in the market and so on
- A deep-dive understanding of the various aspects propelling the overall market growth graph, as well as their influence on the worldwide market projections and dynamics
- A systematic roadmap depicting the numerous growth opportunities in the worldwide market coupled with the identification of vital factors
An extensive evaluation of the various trends prevailing in the global industry that would help identify the various developments in the market from a global perspective
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