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The GCC water heater market reached a value of US$ XX Million in 2020. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
The GCC water heater market is currently being catalysed by ease of usage, long life, minimal maintenance and low energy expenditure.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC water heater market report, along with forecasts for growth at the regional and country level from 2021-2026. Our report has categorized the market based on product type and end use.
Breakup by Product Type:
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.
Breakup by End Use:
On the basis of end-use, residential represent the largest segment, followed by commercial and industrial segments.
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|Units||US$ Million, GW th|
|Segment Coverage||Product Type, End Use, Region|
|Region Covered||Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain|
|Companies Covered||Ariston, Orbital Horizon, Saudi Ceramics and Al Huraiz|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License $ 1999
Five User License $ 2999
Corporate License $ 3999
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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