Saudi Arabia Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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A water heater is an appliance that heats up the cold water supplied through a system of pipes. This heated water can be used for various purposes such as for taking a hot bath or shower, and in washing machines and dishwashers. Over the decades, several technologies have been developed in order to make water heaters energy efficient, such as heat pump water heaters, condensing gas water heaters, gas and electric tank less systems, etc. In recent years, the demand for water heaters has seen a surge across Saudi Arabia on account of improving standards of living. According to the latest report by IMARC Group, titled “Saudi Arabia Water Heater Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the Saudi Arabia water heater market reached a value of US$ 64.5 Million in 2017, exhibiting a CAGR of more than 19% during 2010-2017.

The Saudi Arabia water heater market is being primarily driven by inflating disposable income levels and rising domestic applications of warm water which include cooking, bathing, cleaning and space heating. In addition to this, resorts and hotels have increasingly started using hot water in order to satisfy the needs of their consumers. This has, in turn, propelled the demand for water heaters across the region. Moreover, water heaters are also being used across various manufacturing industries such as thermal power plants, food and beverage processing, and chemicals industries which is another factor fueling the growth of the market. Furthermore, manufacturers are employing numerous technological innovations and advancements for introducing low-cost and efficient water heaters which is directly impacting the market growth. Looking forward, the market value is projected to exceed US$ 141 Million by 2023, expanding at a CAGR of over 14% during 2018-2023.

Saudi Arabia Water Heater Market Report


Market Summary:

  • On the basis of type, the market has been segmented into storage covering water heater, solar water heater and instant water heaters. Amongst these, storage covering water heater dominates the market.
  • The market has been segregated on the basis of end-use which includes residential, commercial and industrial sectors. Currently, the residential sector represents the largest segment accounting for the majority of the market share.
  • The competitive landscape of the market has also been examined with some of the key players being Ariston, Orbital Horizon, Saudi Ceramics and Al Huraiz.


This report provides a deep insight into the Saudi Arabia 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 Saudi Arabia water heater market in any manner.

Key Questions Answered in This Report:

  • How has the Saudi Arabia water heater market performed so far and how will it perform in the coming years?
  • Which are the popular product types in the Saudi Arabia water heater market?
  • What are the major end-use sectors in the Saudi Arabia water heater market?
  • What are the price trends of water heaters?
  • What are the various stages in the value chain of the Saudi Arabia water heater market?
  • What are the key driving factors and challenges in the Saudi Arabia water heater market?
  • What is the structure of the Saudi Arabia water heater market and who are the key players?
  • What is the degree of competition in the Saudi Arabia water heater market?

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    Price Analysis
        5.3.1    Price indicators
        5.3.2    Price Structure
        5.3.3    Price Trends
    5.4    Market Breakup by Type
    5.5    Market Breakup by End-Use
    5.6    Market Breakup by Region
    5.7    Market Forecast
6    Saudi Arabia Water Heater Market
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Price Analysis
        6.3.1    Price indicators
        6.3.2    Price Structure
        6.3.3    Price Trends
    6.4    Market Breakup by Type
    6.5    Market Breakup by End-Use
    6.6    Market Forecast
    6.7    SWOT Analysis
        6.7.1    Overview
        6.7.2    Strengths
        6.7.3    Weaknesses
        6.7.4    Opportunities
        6.7.5    Threats
    6.8    Value Chain Analysis
        6.8.1    Overview
        6.8.2    Research and Development
        6.8.3    Raw Material Procurement
        6.8.4    Manufacturing
        6.8.5    Sales, Installation and Maintenance Services
    6.9    Porters 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 Rivalry
        6.9.5    Threat of New Entrants
        6.9.6    Threat of Substitutes
    6.10    Key Success Factors and Risk Factors for Water Heater Manufacturers
7    Market Breakup by Type
    7.1    Storage Covering Water Heater
        7.1.1    Market Performance
        7.1.2    Market Breakup by Type
        7.1.3    Market Forecast 
    7.2    Solar Water Heater
        7.2.1    Market Performance 
        7.2.2    Market Forecast 
    7.3    Instant Water Heater
        7.3.1    Market Performance 
        7.3.2    Market Forecast 
8    Market Breakup by End-Use
    8.1    Residential
    8.2    Commercial
    8.3    Industrial
9    Competitive Landscape
    9.1    Market Structure
    9.2    Key Players
10    Recommendation
11    Key Players Profile

    11.1    Ariston Thermo Group
        11.1.1    Company Overview
        11.1.2    Company Description
    11.2    Orbital Horizon
        11.2.1    Company Overview
        11.2.2    Company Description
    11.3    Saudi Ceramics
        11.3.1    Company Overview
        11.3.2    Company Description
    11.4    Al Huraiz
        11.4.1    Company Overview
        11.4.2    Company Description


List of Figures

Figure 1: Saudi Arabia: Water Heater Market: Major Drivers and Challenges
Figure 2: GCC: Water Heater Market: Sales Volume (in GW thermal), 2010-2017
Figure 3: GCC: Water Heater Market: Sales Value (in Million US$), 2010-2017
Figure 4: GCC: Water Heater Average Prices: (in US$/Watt), 2010-2017
Figure 5: GCC: Water Heater Market: Breakup by Type (in %), 2017
Figure 6: GCC: Water Heater Market: Breakup by End-Use (in %), 2017
Figure 7: GCC: Water Heater Market: Breakup by Region (in %), 2017
Figure 8: GCC: Water Heater Market Forecast: Sales Volume (in GW thermal), 2018-2023
Figure 9: GCC: Water Heater Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 10: Saudi Arabia: Water Heater Market: Sales Volume (in GW thermal), 2010-2017
Figure 11: Saudi Arabia: Water Heater Market: Sales Value (in Million US$), 2010-2017
Figure 12: Saudi Arabia: Water Heater Market: Breakup by Type (in %), 2017
Figure 13: Saudi Arabia: Water Heater Market: Breakup by End-Use (in %), 2017
Figure 14: Saudi Arabia: Water Heater Market Forecast: Sales Values (in Million US$), 2018-2023
Figure 15: Saudi Arabia: Water Heater Industry: SWOT Analysis
Figure 16: Saudi Arabia: Water Heater Industry: Value Chain Analysis
Figure 17: Saudi Arabia: Water Heater Industry: Porter’s Five Forces Analysis
Figure 18: Saudi Arabia: Storage Covering Water Heater Market: Sales Values (in Million US$), 2010, 2017 & 2023
Figure 19: Saudi Arabia: Storage Covering Water Heater Market: Breakup by Type (in %), 2017
Figure 20: Saudi Arabia: 50L – 80L Storage Covering Water Heater Market: Sales Values (in Million US$), 2010, 2017 & 2023
Figure 21: Saudi Arabia: 30L – 50L Storage Covering Water Heater Market: Sales Values (in Million US$), 2010, 2017 & 2023
Figure 22: Saudi Arabia: 80L – 100L Storage Covering Water Heater Market: Sales Values (in Million US$), 2010, 2017 & 2023
Figure 23: Saudi Arabia: Solar Water Heater Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 24: Saudi Arabia: Instant water heater Market: Sales Values (in Million US$), 2010, 2017 & 2023
Figure 25: Saudi Arabia: Water Heater Market (End-Use in Residential Segment): Sales Values (in Million US$), 2010, 2017 & 2023
Figure 26: Saudi Arabia: Water Heater Market (End-Use in Commercial Segment) Sales Values (in Million US$), 2010, 2017 & 2023
Figure 27: Saudi Arabia: Water Heater Market (End-Use in Industrial segment) Sales Values (in Million US$), 2010, 2017 & 2023
Figure 28: Saudi Arabia: Water Heater Market: Key Players (in %), 2017


List of Tables

Table 1: GCC: Water Heater Market: Key Industry Highlights, 2017 and 2023
Table 2: Saudi Arabia: Water Heater Market: Key Industry Highlights, 2017 and 2023
Table 3: Saudi Arabia: Water Heater Market Forecast: Market Breakup by Type (in Million US$), 2018-2023
Table 4: Saudi Arabia: Storage Covering Water Heater Market Forecast: Market Breakup by Type (in Million US$), 2018-2023
Table 5: Saudi Arabia: Water Heater Market Forecast: Market Breakup by End-Use (in Million US$), 2018-2023
Table 6: Saudi Arabia: Water Heater Market Structure
Table 7: Saudi Arabia: Water Heater Market: Comparison of Water Heaters
Table 8: Ariston Thermo Group: Key Financials (in US$ Million), 2014-2016
Table 9: Saudi Ceramics: Key Financials (in US$ Million), 2013-2016


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