Sellbyville, Delaware , April 09, 2018 (GLOBE NEWSWIRE) --
Global Middle East Water Heater Market is expected to cross USD 2.5 Billion by 2024, as reported in the latest study by Global Market Insights, Inc. Stringent government measures to promote the adoption of energy-efficient appliances along with space constraint with traditional heating systems will drive the Middle East water heater market. Initiatives toward the integration of sustainable systems with an aim to reduce the greenhouse gas emissions will further boost the industry growth of middle east water heater market. For instance, Estidama project in Abu Dhabi regulates the design, construction, and operation of the building as per the specifications for the energy-efficient appliances to be installed across residential and commercial establishments.
UAE water heater market is anticipated to exceed an annual deployment of 600 ‘000 units by 2024. Significant encouragement by policymakers and regulators toward the adoption of smart technologies will stimulate the business growth. Regulators across the nation have led plans to initiate smart city projects across 545 cities, eight government entities, and two smart districts worth USD 8 billion.
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Substantial economic transformation due to rising urbanization across developing economies will positively embark the Middle East water heater market. Internal migration of rural population to enhance living standards has led to rapid urban development across the region. In addition, increasing demand for retrofit & replacement of existing heating systems along with government plans toward green building will favor the product deployment. In 2015, Government of UAE introduced green building guidelines that intent towards the reduction of greenhouse gas emissions by renewable energy source along with an aim to promote solar energy across the nation.
Saudi Arabia water heater market is set to grow owing to growing concerns toward energy conservation coupled with product standardization. Introduction of stringent emission norms have led the manufacturers to focus more towards the development of low emission appliances which in turn has created a competitive business scenario. Ongoing investments from financial institutions toward the refurbishment and upgradation of existing buildings will further propel the industry growth. In 2016, International Finance Corporation and World Bank have announced funding toward the establishment of sustainable residential building infrastructure across the region.
Browse key industry insights spread across 165 pages with 206 market data tables & 30 figures & charts from the report, “Middle East Water Heater Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/middle-east-water-heater-market
Renewable energy in the recent years has gained significant proliferation across the globe which has in turn augmented the industry growth Qatar water heater market will grow owing to rising awareness over global warming along with impact of emission on individuals and the environment. In 2016, Qatar had the highest footprint with 55.4 tons of carbon dioxide per person, accounting for about 10 times the Middle East average, which is followed by Kuwait, the UAE, and Bahrain. The regulators have introduced carbon foot-printing as a strategic move toward the reduction of GHG emissions that calculates the overall size of the carbon footprint and focuses on the measure to eradicate it.
Key industry participants in the Middle East water heater market include Haier, Vaillant, Whirlpool, Viessmann, Kanch, Jaquar, Ariston, Himin, Linuo, Saudi Ceramics, Hubbell, Rinnai, State Industries, Rheem, Bosch, Ferroli, Bradford White and A.O. Smith.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.