GCC Solar Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022



Solar water heater is a device which uses solar energy from the sun to heat water. It is generally installed on terrace or in open spaces where abundant sunlight is available. The water is then heated during the day and stored in an insulated tank. The heated water can be used for bathing, cleaning, space heating, industrial process, etc. In the GCC region, the market for solar water heater has been expanding as an increasing number of consumers have become aware about its advantages. Solar water heater is preferred over conventional water heater as it is cost-effective and reduces dependence over fossil fuels. IMARC Group’s latest report titled, “GCC Solar Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the market reached a volume of 2774 MWt in 2016, growing at a CAGR of more than 32% during 2009-2016.

The market for solar water heater in the GCC region is being driven by a number of favourable factors. Solar water heater offers several long-term advantages over conventional water heater. It reduces electricity consumption, lowers carbon footprints, improves energy independence, etc. The governments in the region are also encouraging the use of solar water heater through building regulation and providing subsidies. According to the report, the market is further expected to reach a volume of around 7593 MWt by 2022.

The report has segmented the GCC solar water heater market on the basis of type covering flat plate collector, evacuated tube collector and unglazed water collector. Currently, flat plate collector accounts for the largest market share in the GCC region. The report has also segmented the market on the basis on application. The key applications of solar water heater include commercial, residential, government buildings and others. Country-wise, Saudi Arabia represents the largest market for solar water heater, accounting for the majority of the market share. The report has also analysed the competitive landscape of the market with some of the key players being Ariston, Viessman and Ecotherm.

This report provides a deep insight into the GCC solar water heater industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a solar water heater manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC solar water heater industry in any manner.


Key Questions Answered in This Report:

  • How has the GCC solar water heater market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the GCC solar water heater industry?
  • What are the price trends of solar water heater in the GCC region?
  • What are the various stages in the value chain of the GCC solar water heater industry?
  • What are the key driving factors and challenges in the GCC solar water heater industry?
  • What is the structure of the GCC solar water heater industry and who are the key players?
  • What is the degree of competition in the GCC solar water heater industry?
  • What are the profit margins in the GCC solar water heater industry?
  • What are the key requirements for setting up a GCC solar water heater manufacturing plant?
  • How is solar water heater manufactured?
  • What are the various unit operations involved in a solar water heater manufacturing plant?
  • What is the total size of land required for setting up a solar water heater manufacturing plant?
  • What are the machinery requirements for setting up a solar water heater manufacturing plant?
  • What are the raw material requirements for setting up a solar water heater manufacturing plant?
  • What are the packaging requirements for solar water heater?
  • What are the transportation requirements for solar water heater?
  • What are the utility requirements for setting up a solar water heater manufacturing plant?
  • What are the manpower requirements for setting up a solar water heater manufacturing plant?
  • What are the infrastructure costs for setting up a solar water heater manufacturing plant?
  • What are the capital costs for setting up a solar water heater manufacturing plant?
  • What are the operating costs for setting up a solar water heater manufacturing plant?
  • What will be the income and expenditures for a solar water heater manufacturing plant?
  • What is the time required to break-even?

1   Preface
2   Scope and Methodology

    2.1 Objectives of the study
    2.2 Stakeholders
    2.3 Data Sources
        2.3.1 Primary Sources
        2.3.2 Secondary Sources
    2.4 Market Estimation
        2.4.1 Bottom-Up Approach
        2.4.2 Top-Down Approach
    2.5 Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Solar Water Heater Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1 Volume Trends
        5.2.2 Value Trends
    5.3    Price Trends
    5.4    Market Breakup by Region
    5.5    Market Breakup by Type 
    5.6    Market by End-use 
    5.7    Market Forecast
6   GCC Solar Water Heater Industry
    6.1    Market Overview
    6.2    Market Performance
    6.3    Market Breakup by Region
    6.4    Market Breakup by Type
    6.5    Market Breakup by End-use
    6.6    Market Forecast
    6.7    SWOT Analysis
        6.7.1    Strengths
        6.7.2    Weaknesses
        6.7.3    Opportunities
        6.7.4    Threats
    6.8    Value Chain Analysis
    6.9    Porter’s Five Forces Analysis
        6.9.1    Overview
        6.9.2    Bargaining Power of Buyers
        6.9.3    Bargaining Power of Suppliers
        6.9.4    Degree of Competition
        6.9.5    Threat of New Entrants
        6.9.6    Threat of Substitutes
    6.10    Key Success Factors and Risk Factors for Solar Water Heater Manufacturers
7   Saudi Arabia Solar Water Heater Industry
    7.1    Market Overview
    7.2    Market Performance
    7.3    Market Breakup by Type
    7.4    Market Breakup by End-use
    7.5    Market Forecast
8   UAE Solar Water Heater Industry
    8.1    Market Overview
    8.2    Market Performance
    8.3    Market Breakup by Type
    8.4    Market Breakup by End-use
    8.5    Market Forecast
9   Kuwait Solar Water Heater Industry
    9.1    Market Overview
    9.2    Market Performance
    9.3    Market Breakup by Type
    9.4    Market Breakup by End-use
    9.5    Market Forecast
10  Oman Solar Water Heater Industry
    10.1    Market Overview
    10.2    Market Performance
    10.3    Market Breakup by Type
    10.4    Market Breakup by End-use
    10.5    Market Forecast
11  Qatar Solar Water Heater Industry
    11.1    Market Overview
    11.2    Market Performance
    11.3    Market Breakup by Type
    11.4    Market Breakup by End-use
    11.5    Market Forecast
12  Bahrain Solar Water Heater Industry
    12.1    Market Overview
    12.2    Market Performance
    12.3    Market Breakup by Type
    12.4    Market Breakup by End-use
    12.5    Market Forecast
13  Competitive Landscape
    13.1    Market Structure
    13.2    Market Breakup by Key Players
14  Solar Water Heater Manufacturing Process
    14.1    Product Overview
    14.2    Detailed Process Flow
    14.3    Various Types of Unit Operations Involved
    14.4    Mass Balance and Raw Material Requirements
15  Project Details, Requirements and Costs Involved
    15.1    Land Requirements and Expenditures
    15.2    Construction Requirements and Expenditures
    15.3    Plant Machinery
    15.4    Raw Material Requirements and Expenditures
    15.5    Packaging Requirements and Expenditures
    15.6    Transportation Requirements and Expenditures
    15.7    Utility Requirements and Expenditures
    15.8    Manpower Requirements and Expenditures
    15.9    Other Capital Investments
16  Loans and Financial Assistance
17  Project Economics

    17.1    Capital Cost of the Project
    17.2    Techno-Economic Parameters
    17.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    17.4    Taxation and Depreciation
    17.5    Income Projections
    17.6    Expenditure Projections
    17.7    Financial Analysis
    17.8    Profit Analysis
18  Key Player Profiles
    18.1    Ariston
    18.2    Viessman
    18.3    Ecotherm
    18.4    Others 


List of Figures

Figure 1: Global: Solar Water Heater Market: Volume Trends (in GW Thermal), 2009-2016
Figure 2: Global: Solar Water Heater Market: Value Trends (in Billion US$), 2009- 2016
Figure 3: Global: Solar Water Heater Market: Price Trends (in US$/GW), 2009-2016
Figure 4: Global: Solar Water Heater Market: Breakup by Region (in %), 2016
Figure 5: Global: Solar Water Heater Market: Breakup by Type (in %), 2016
Figure 6: Global: Solar Water Heater Market: Breakup by End-use (in %), 2016
Figure 7: Global: Solar Water Heater Market Forecast: Volume Trends (in GW Thermal), 2017-2022
Figure 8: Global: Solar Water Heater Market Forecast: Value Trends (in Billion US$), 2017-2022
Figure 9: GCC: Solar Water Heater Market: Volume Trends (in MW Thermal), 2009-2016
Figure 10: GCC: Solar Water Heater Market: Value Trends (in Million US$), 2009- 2016
Figure 11: GCC: Solar Water Heater Market: Price Trends (in US$/GW), 2009-2016
Figure 12: GCC: Solar Water Heater Market: Breakup by Region (in %), 2016
Figure 13: GCC: Solar Water Heater Market: Breakup by Type (in %), 2016
Figure 14: GCC: Solar Water Heater Market: Breakup by End-use (in %), 2016
Figure 15: GCC: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2017-2022
Figure 16: GCC: Solar Water Heater Market Forecast: Value Trends (in Billion US$), 2017-2022
Figure 17: GCC: Solar Water Heater Industry: SWOT Analysis
Figure 18: GCC: Solar Water Heater Industry: Value Chain Analysis
Figure 19: GCC: Solar Water Heater Industry: Porter’s Five Forces Analysis
Figure 20: Saudi Arabia: Solar Water Heater Market: Volume Trends (in MW Thermal), 2009-2016
Figure 21: Saudi Arabia: Solar Water Heater Market: Breakup by Type (in %), 2016
Figure 22: Saudi Arabia: Solar Water Heater Market: Breakup by End-use (in %), 2016
Figure 23: Saudi Arabia: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2017-2022
Figure 24: UAE: Solar Water Heater Market: Volume Trends (in MW Thermal), 2009-2016
Figure 25: UAE: Solar Water Heater Market: Breakup by Type (in %), 2016
Figure 26: UAE: Solar Water Heater Market: Breakup by End-use (in %), 2016
Figure 27: UAE: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2017-2022
Figure 28: Kuwait: Solar Water Heater Market: Volume Trends (in MW Thermal), 2009-2016
Figure 29: Kuwait: Solar Water Heater Market: Breakup by Type (in %), 2016
Figure 30: Kuwait: Solar Water Heater Market: Breakup by End-use (in %), 2016
Figure 31: Kuwait: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2017-2022
Figure 32: Oman: Solar Water Heater Market: Volume Trends (in MW Thermal), 2009-2016
Figure 33: Oman: Solar Water Heater Market: Breakup by Type (in %), 2016
Figure 34: Oman: Solar Water Heater Market: Breakup by End-use (in %), 2016
Figure 35: Oman: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2017-2022
Figure 36: Qatar: Solar Water Heater Market: Volume Trends (in MW Thermal), 2009-2016
Figure 37: Qatar: Solar Water Heater Market: Breakup by Type (in %), 2016
Figure 38: Qatar: Solar Water Heater Market: Breakup by End-use (in %), 2016
Figure 39: Qatar: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2017-2022
Figure 40: Bahrain: Solar Water Heater Market: Volume Trends (in MW Thermal), 2009-2016
Figure 41: Bahrain: Solar Water Heater Market: Breakup by Type (in %), 2016
Figure 42: Bahrain: Solar Water Heater Market: Breakup by End-use (in %), 2016
Figure 43: Bahrain: Solar Water Heater Market Forecast: Volume Trends (in MW Thermal), 2017-2022
Figure 44: GCC: Solar Water Heater Market: Breakup by Key Players (in%), 2016
Figure 45: Solar Water Heater Manufacturing Plant: Detailed Process Flow
Figure 46: Solar Water Heater Manufacturing Plant: Various Unit Operations Involved
Figure 47: Solar Water Heater Manufacturing Plant: Conversion Rate of Products
Figure 48: Solar Water Heater Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 49:Solar Water Heater Industry: Breakup of Profit Margins at Various Level of the Value Chain
Figure 50: Solar Water Heater Production: Manufacturing Cost Breakup (in %)


List of Tables

Table 1: Global: Solar Water Heater Market: Key Industry Highlights, 2016 and 2022
Table 2: GCC: Solar Water Heater Market: Key Industry Highlights, 2016 and 2022
Table 3: Saudi Arabia: Solar Water Heater: Key Industry Highlights, 2016 and 2022
Table 4: UAE: Solar Water Heater: Key Industry Highlights, 2016 and 2022
Table 5: Kuwait: Solar Water Heater: Key Industry Highlights, 2016 and 2022
Table 6: Oman: Solar Water Heater: Key Industry Highlights, 2016 and 2022
Table 7: Qatar: Solar Water Heater: Key Industry Highlights, 2016 and 2022
Table 8: Bahrain: Solar Water Heater: Key Industry Highlights, 2016 and 2022
Table 9: GCC Region: Solar Water Heater: Competitive Structure
Table 10: Solar Water Heater Manufacturing Plant: Raw Material Requirements
Table 11: Solar Water Heater Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 12:Solar Water Heater Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 13: Solar Water Heater Manufacturing Plant: Machinery Costs (in US$)
Table 14:Solar Water Heater Manufacturing Plant: Raw Material Requirements and Expenditure 
Table 15:Solar Water Heater Manufacturing Plant: Costs Related to Utilities
Table 16:Solar Water Heater Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 17: Solar Water Heater Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 18: Details of Financial Assistance Offered by Financial Institutions
Table 19: Solar Water Heater Manufacturing Plant: Capital Costs (in US$)
Table 20: Solar Water Heater Manufacturing Plant: Techno-Economic Parameters
Table 21: Solar Water Heater Manufacturing Plant: Income Projections (in US$)
Table 22: Solar Water Heater Manufacturing Plant: Expenditure Projections (in US$)
Table 23: Solar Water Heater Manufacturing Plant: Taxation (in US$)
Table 24:Solar Water Heater Manufacturing Plant: Depreciation (in US$)
Table 25:Solar Water Heater Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 26:Solar Water Heater Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 27: Solar Water Heater Manufacturing Plant: Profit and Loss Account (in US$)
 


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