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Saudi Arabia Water Heater Market Report by Type (Storage Covering Water Heater, Solar Water Heater, Instant Water Heater), End-Use (Residential, Commercial, Industrial) 2024-2032
Market Report I 2024-04-08 I 138 Pages I IMARC Group
The Saudi Arabia water heater market size reached US$ 184.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 225.3 Million by 2032, exhibiting a growth rate (CAGR) of 2.2% during 2024-2032.
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.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Saudi Arabia water heater market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type and end-use.
Breakup by Type:
Storage Covering Water Heater
Solar Water Heater
Instant Water Heater
On the basis of type, the market has been segmented into storage covering water heater, solar water heater and instant water heater. Amongst these, storage covering water heater dominates the market.
Breakup by End-Use:
Residential
Commercial
Industrial
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.
Competitive Landscape:
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
1. What was the size of the Saudi Arabia water heater market in 2023?
2. What is the expected growth rate of the Saudi Arabia water heater market during 2024-2032?
3. What are the key factors driving the Saudi Arabia water heater market?
4. What has been the impact of COVID-19 on the Saudi Arabia water heater market?
5. What is the breakup of the Saudi Arabia water heater market based on the type?
6. What is the breakup of the Saudi Arabia water heater market based on the end-use?
7. Who are the key players/companies 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 Key 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 Impact of COVID-19
6.4 Price Analysis
6.4.1 Key Price Indicators
6.4.2 Price Structure
6.4.3 Price Trends
6.5 Market Breakup by Type
6.6 Market Breakup by End-Use
6.7 Market Forecast
6.8 SWOT Analysis
6.8.1 Overview
6.8.2 Strengths
6.8.3 Weaknesses
6.8.4 Opportunities
6.8.5 Threats
6.9 Value Chain Analysis
6.9.1 Overview
6.9.2 Research and Development
6.9.3 Raw Material Procurement
6.9.4 Manufacturing
6.9.5 Sales, Installation and Maintenance Services
6.10 Porters Five Forces Analysis
6.10.1 Overview
6.10.2 Bargaining Power of Buyers
6.10.3 Bargaining Power of Suppliers
6.10.4 Degree of Rivalry
6.10.5 Threat of New Entrants
6.10.6 Threat of Substitutes
6.11 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 Trends
7.1.2 Market Breakup by Type
7.1.3 Market Forecast
7.2 Solar Water Heater
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Instant Water Heater
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End-Use
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
9 Competitive Landscape
9.1 Market Structure
9.2 Market Breakup by 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
Figure 1: Saudi Arabia: Water Heater Market: Major Drivers and Challenges
Figure 2: GCC: Water Heater Market: Sales Volume (in GW thermal), 2018-2023
Figure 3: GCC: Water Heater Market: Sales Value (in Million US$), 2018-2023
Figure 4: GCC: Water Heater Market: Average Prices (in US$/Watt), 2018-2023
Figure 5: GCC: Water Heater Market: Breakup by Type (in %), 2023
Figure 6: GCC: Water Heater Market: Breakup by End-Use (in %), 2023
Figure 7: GCC: Water Heater Market: Breakup by Region (in %), 2023
Figure 8: GCC: Water Heater Market Forecast: Sales Volume (in GW thermal), 2024-2032
Figure 9: GCC: Water Heater Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Saudi Arabia: Water Heater Market: Sales Volume (in GW thermal), 2018-2023
Figure 11: Saudi Arabia: Water Heater Market: Sales Value (in Million US$), 2018-2023
Figure 12: Saudi Arabia: Water Heater Market: Breakup by Type (in %), 2023
Figure 13: Saudi Arabia: Water Heater Market: Breakup by End-Use (in %), 2023
Figure 14: Saudi Arabia: Water Heater Market Forecast: Sales Volume (in GW thermal), 2024-2032
Figure 15: Saudi Arabia: Water Heater Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Saudi Arabia: Water Heater Industry: SWOT Analysis
Figure 17: Saudi Arabia: Water Heater Industry: Value Chain Analysis
Figure 18: Saudi Arabia: Water Heater Industry: Porter's Five Forces Analysis
Figure 19: Saudi Arabia: Storage Covering Water Heater Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Saudi Arabia: Storage Covering Water Heater Market: Breakup by Type (in %), 2023
Figure 21: Saudi Arabia: 50L - 80L Storage Covering Water Heater Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Saudi Arabia: 50L - 80L Storage Covering Water Heater Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Saudi Arabia: 30L - 50L Storage Covering Water Heater Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Saudi Arabia: 30L - 50L Storage Covering Water Heater Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Saudi Arabia: 80L - 100L Storage Covering Water Heater Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Saudi Arabia: 80L - 100L Storage Covering Water Heater Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Saudi Arabia: Storage Covering Water Heater Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Saudi Arabia: Solar Water Heater Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Saudi Arabia: Solar Water Heater Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Saudi Arabia: Instant Water Heater Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Saudi Arabia: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Saudi Arabia: Water Heater (End-Use in Residential Segment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Saudi Arabia: Water Heater (End-Use in Residential Segment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Saudi Arabia: Water Heater (End-Use in Commercial Segment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Saudi Arabia: Water Heater (End-Use in Commercial Segment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Saudi Arabia: Water Heater (End-Use in Industrial Segment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Saudi Arabia: Water Heater (End-Use in Industrial Segment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Saudi Arabia: Water Heater Market: Breakup by Key Players (in %), 2023
Table 1: GCC: Water Heater Market: Key Industry Highlights, 2023 and 2032
Table 2: Saudi Arabia: Water Heater Market: Key Industry Highlights, 2023 and 2032
Table 3: Saudi Arabia: Water Heater Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 4: Saudi Arabia: Storage Covering Water Heater Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 5: Saudi Arabia: Water Heater Market Forecast: Breakup by End-Use (in Million US$), 2024-2032
Table 6: Saudi Arabia: Water Heater Market: Competitive Structure
Table 7: Saudi Arabia: Water Heater Market: Comparison of Water Heaters
Table 8: Ariston Thermo Group: Key Financials (in US$ Million), 2018-2021
Table 9: Saudi Ceramics: Key Financials (in US$ Million), 2018-2021
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