The GCC water heater market is currently being catalysed by ease of usage, long life, minimal maintenance and low energy expenditure. According to the latest report by IMARC Group, titled “GCC Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the GCC Water Heater market reached a value of US$ 179.2 Million in 2019.
Water heaters are extensively used for residential and commercial operations. Hot water is needed in homes, in hospitals for cleaning and sanitizing surgical equipment, in restaurants & hotels, and in industries to manufacture goods. Owing to the large user base and their different demands, the manufacturers offer an array of types of water heaters to suit the usage needs of every organization. Different water heaters are used due to their different benefits. Solar water heaters have been very popular around the globe, especially in the GCC countries. Tank-less water heaters are now widely used in restaurants, hospitals and hotels. They have no storage tanks and heat water as it flows through the pipes. This not only saves space, but also consumes less energy than conventional storage water heaters.
Due to the rapid development, the demand of water heaters in the GCC countries is on an all-time high. The hospitality and industry sectors in these countries are booming, which has led to an increase in the requirement of water heaters in these sectors. Moreover, water heater manufacturers regularly introduce new and improved technologies in their products, making them all the more beneficial for the buyers. Electric water heaters now also come with water filtration and sterilization technology to provide 100% clean and soft water. Increasing concerns about energy conservation have led to the rise in demand of energy-efficient water heaters and boosted the solar and tank-less water heater markets in the GCC. Saudi Arabia has emerged as the largest market for water heaters, taking a lead in the global demand of solar water heaters. The worldwide reach of established companies and rise in the number of local companies are also important factors of the rapid increase in the market size of water heaters in the GCC region. The new housing plans by the governments of the GCC nations, and their commercial growths are sure to further increase the demand for water heaters and their market value. Looking forward, the market value is projected to reach a value of US$ 439.9 Million by 2025, expanding at a CAGR of 15.9% during 2020-2025.
Market Summary:
- Based on the product type, the market has been segmented as storage covering water heater, solar water heater and instant water heater. Currently, storage covering water heater dominates the market, holding the largest share.
- On the basis of end-use, residential represent the largest segment, followed by commercial and industrial segments.
- Region-wise, the market has been segmented into Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia is the leading market, accounting for the majority of the GCC share.
- The competitive landscape of the market has also been examined with some of the key players being Ariston, Orbital Horizon, Saudi Ceramics, Al Huraiz, etc.
This report provides a deep insight into the GCC water heater market 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. 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 water heater market in any manner.
Key Questions Answered in This Report:
- How has the GCC water heater market performed so far and how will it perform in the coming years?
- What are the key regional markets in the GCC water heater industry?
- What are the key end-use segments in the GCC water heater industry?
- What are the key product types in the GCC water heater industry?
- What are the price trends of water heater?
- What are the various stages in the value chain of the GCC water heater market?
- What are the key driving factors and challenges in the GCC water heater market?
- What is the structure of the GCC water heater market and who are the key players?
- What is the degree of competition in the GCC water heater market?
- How are water heaters manufactured?
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 GCC Water Heater Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Product Type
5.4 Market Breakup by End-Use
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Research and Development
5.8.3 Raw Material Procurement
5.8.4 Manufacturing
5.8.5 Marketing
5.8.6 Distribution
5.8.7 End-Use
5.9 Porters Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 Threat of Substitutes
5.10 Price Analysis
5.10.1 Price Trends
5.10.2 Price Indicators
5.10.3 Margins Analysis
5.11 Key Success and Risk Factors
6 Market Breakup by Product Type
6.1 Storage Covering Water Heater
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Solar Water Heater
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Instant Water Heater
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End-Use Sector
7.1 Residential
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Commercial
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Industrial
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Region
8.1 Saudi Arabia
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 UAE
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Qatar
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Kuwait
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Oman
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Bahrain
8.6.1 Market Trends
8.6.2 Market Forecast
9 Competitive Landscape
9.1 Market Structure
9.2 Key Players
9.3 Profiles of Key Players
9.3.1 Ariston
9.3.2 Orbital Horizon
9.3.3 Saudi Ceramics
9.3.4 Al Huraiz
List of Figures
Figure 1: GCC: Water Heater Market: Major Drivers and Challenges
Figure 2: GCC: Water Heater Market: Sales Volume (in GW th), 2014-2019
Figure 3: GCC: Water Heater Market: Sales Value (in Million US$), 2014-2019
Figure 4: GCC: Water Heater Market: Breakup by Product Type (in %), 2019
Figure 5: GCC: Water Heater Market: Breakup by End-Use (in %), 2019
Figure 6: GCC: Water Heater Market: Breakup by Region (in %), 2019
Figure 7: GCC: Water Heater Market Forecast: Sales Volume (in GW th), 2020-2025
Figure 8: GCC: Water Heater Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 9: GCC: Water Heater Market: SWOT Analysis
Figure 10: GCC: Water Heater Market: Value Chain Analysis
Figure 11: GCC: Water Heater Market: Porter’s Five Forces Analysis
Figure 12: GCC Water Heater Market: Average Prices (in US$/Watt), 2014-2019
Figure 13: GCC Water Heater Market Forecast: Average Prices (in US$/Watt), 2020-2025
Figure 14: GCC: Storage Covering Water Heater Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: GCC: Storage Covering Water Heater Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: GCC: Solar Water Heater Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: GCC: Solar Water Heater Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: GCC: Instant Water Heater Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: GCC: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: GCC: Water Heater (Residential Sector) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: GCC: Water Heater (Residential Sector) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: GCC: Water Heater (Commercial Sector) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: GCC: Water Heater (Commercial Sector) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: GCC: Water Heater (Industrial Sector) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: GCC: Water Heater (Industrial Sector) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Saudi Arabia: Water Heater Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Saudi Arabia: Water Heater Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: UAE: Water Heater Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: UAE: Water Heater Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Qatar: Water Heater Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Qatar: Water Heater Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Kuwait: Water Heater Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Kuwait: Water Heater Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Oman: Water Heater Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Oman: Water Heater Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Bahrain: Water Heater Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Bahrain: Water Heater Market Forecast: Sales Value (in Million US$), 2020-2025
List of Tables
Table 1: GCC: Water Heater Market: Key Industry Highlights, 2019 and 2025
Table 2: GCC: Water Heater Market Forecast: Breakup by Product Type (in Million US$), 2020-2025
Table 3: GCC: Water Heater Market Forecast: Breakup by End-Use (in Million US$), 2020-2025
Table 4: GCC: Water Heater Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 5: GCC: Water Heater Market: Competitive Structure
Table 6: GCC: Water Heater Market: Key Players