Ariston ME sustainability targets supported by Hospitality industry Favourable impact due to renewed growth in sector conscious of energy costs
Date
8/29/2021 7:08:29 AM
(MENAFN) The favourable outlook of the hospitality industry has resulted in an uptake of Ariston Middle East’s renewable solutions -heat pumps and solar panels for water heating. As hotels, restaurants and other entities in the hospitality industry experience an upswing, water heating solutions harnessing natural resources of sun, heat and air are given priority. Reducing energy cost is a top consideration, solar panels and heat pump technology is favoured thereby contributing to the company’s sustainability program.
“The hospitality industry has a high demand for hot water. Guest rooms, swimming pools and restaurants require large quantities depending on capacity so the cost of water heating is a major consideration. This is true for the industry all over the world. As the UAE benefits from the imminent Expo 2020 traffic and a return to normal, our design engineers see an inclination to environment friendly solutions that also benefit customers by minimizing energy consumption. The building of NEOM in Saudi Arabia is yet another opportunity for Ariston Thermo’s sustainable solutions. Heat Pump technology is gaining ground due to its simplicity and effectiveness. The abundance of sunshine in the region make solar energy a natural choice.” Says Alberto Torner, Head of Ariston Thermo Group in the Middle East, Turkey and Caucasus.
Heat Pumps to Witness Fastest Revenue Growth in U.A.E. & Saudi Arabia’s Heating Equipment Market till 2030
Post Covid, the Heat Pump market, led by Ariston Thermo products, is expected to grow.
With Dubai Expo 2020 almost here and the increase in visitors, market revenue of heat pumps which was $89.5 million in 2019, is predicted to surge to $121.4 million by 2030, at a CAGR of 2.9% between 2020 and 2030 (forecast period).*
The hospitality industry in Saudi Arabia has been holding its ground despite the pandemic. Vision 2030 and the numerous projects it has spawned like NEOM, Qiddiya and The Red Sea Development account for an unprecedented upswing. More than 20 new hotels, a few with international brand names and a few through strategic partnerships with the leading domestic hospitality groups have been opened resulting in addition of more than 8,200 rooms to the existing supply covering all sections of the market. This increase definitely comes as a boon to the revenue growth in the heat pump market.**
Ariston Thermo Technology integrates Heat Pumps and Solar Panels
Heat pumps reduce energy consumption up to -75% as compared to traditional electric heaters. By absorbing the free and ecologic heat directly from the air, heat pumps are the best example of technology in complete harmony with the environment. Buying and installation costs are also lower, and it is a ‘future-proof’ product. Ariston Thermo products offer the option of integrating with other sources of power such as solar panels.
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