Saudi Arabia Water Heater Market Overview:
The Saudi Arabia water heater market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Water heaters are electric or solar-powered appliances that are used to heat water. They comprise a heating coil enclosed in an electrically insulated body and a thermostat, which is required for controlling the temperature of the water stored in the tank. They are installed in households to heat water required for cleaning, cooking, washing, and bathing. They are also employed in the chemical industry for manufacturing solvents, solutions, and emulsions with warm water. They are utilized in hospitals, nursing homes, and laboratories to clean surgical tools, sanitizing containers, and washing surgical clothes.
The increasing installation of water heaters in hotels, motels, and resorts to provide hot water to the guests and clean surfaces and laundry represents one of the primary factors influencing the market positively in Saudi Arabia. Besides this, governing agencies in the country are undertaking initiatives to encourage the installation of energy-efficient water heaters in different industries to reduce electricity consumption. In addition, the growing adoption of solar-powered water heaters due to the rising environmental awareness is offering a favorable market outlook. Apart from this, the increasing use of water heaters in the food and beverage (F&B) industry to prepare various edible products, wash fruits and vegetables, and clean containers with hot and lukewarm water is contributing to the growth of the market. Additionally, the rising utilization of hot water in the textile and leather industry in Saudi Arabia to clean raw materials and dye fabrics is strengthening the growth of the market. Moreover, the escalating demand for water heaters to sanitize premises and prevent the spread of infectious diseases is bolstering the growth of the market in the country. Furthermore, the increasing employment of water bath heaters in the oil and gas industry to heat sensitive gases and liquified petroleum gas (LPG) is supporting the growth of the market.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the Saudi Arabia water heater market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry.
The report analyses the competitive structure of the Saudi Arabia water heater market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the Saudi Arabia water heater market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the Saudi Arabia water heater market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the Saudi Arabia water heater market industry. Furthermore, the value chain analysis of the Saudi Arabia water heater market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Saudi Arabia Water Heater Market Segment Insights:
The Saudi Arabia water heater market has been analysed as followed:
By Type:
By End-Use:
Competative Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of the leading players operating in the market are:
Highlights of the Saudi Arabia Water Heater Market Report:
Report Customisation:
The Saudi Arabia water heater market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs
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
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), 2017-2022
Figure 3: GCC: Water Heater Market: Sales Value (in Million US$), 2017-2022
Figure 4: GCC: Water Heater Market: Average Prices (in US$/Watt), 2017-2022
Figure 5: GCC: Water Heater Market: Breakup by Type (in %), 2022
Figure 6: GCC: Water Heater Market: Breakup by End-Use (in %), 2022
Figure 7: GCC: Water Heater Market: Breakup by Region (in %), 2022
Figure 8: GCC: Water Heater Market Forecast: Sales Volume (in GW thermal), 2023-2028
Figure 9: GCC: Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Saudi Arabia: Water Heater Market: Sales Volume (in GW thermal), 2017-2022
Figure 11: Saudi Arabia: Water Heater Market: Sales Value (in Million US$), 2017-2022
Figure 12: Saudi Arabia: Water Heater Market: Breakup by Type (in %), 2022
Figure 13: Saudi Arabia: Water Heater Market: Breakup by End-Use (in %), 2022
Figure 14: Saudi Arabia: Water Heater Market Forecast: Sales Volume (in GW thermal), 2023-2028
Figure 15: Saudi Arabia: Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Saudi Arabia: Water Heater Industry: SWOT Analysis
Figure 17: Saudi Arabia: Water Heater Industry: Value Chain Analysis
Figure 18: Saudi Arabia: Water Heater Industry: Porter’s Five Forces Analysis
Figure 19: Saudi Arabia: Storage Covering Water Heater Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Saudi Arabia: Storage Covering Water Heater Market: Breakup by Type (in %), 2022
Figure 21: Saudi Arabia: 50L – 80L Storage Covering Water Heater Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Saudi Arabia: 50L – 80L Storage Covering Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Saudi Arabia: 30L – 50L Storage Covering Water Heater Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Saudi Arabia: 30L – 50L Storage Covering Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Saudi Arabia: 80L – 100L Storage Covering Water Heater Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Saudi Arabia: 80L – 100L Storage Covering Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Saudi Arabia: Storage Covering Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Saudi Arabia: Solar Water Heater Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Saudi Arabia: Solar Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Saudi Arabia: Instant Water Heater Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Saudi Arabia: Instant Water Heater Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Saudi Arabia: Water Heater (End-Use in Residential Segment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Saudi Arabia: Water Heater (End-Use in Residential Segment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Saudi Arabia: Water Heater (End-Use in Commercial Segment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Saudi Arabia: Water Heater (End-Use in Commercial Segment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Saudi Arabia: Water Heater (End-Use in Industrial Segment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Saudi Arabia: Water Heater (End-Use in Industrial Segment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Saudi Arabia: Water Heater Market: Breakup by Key Players (in %), 2022
List of Tables
Table 1: GCC: Water Heater Market: Key Industry Highlights, 2022 and 2028
Table 2: Saudi Arabia: Water Heater Market: Key Industry Highlights, 2022 and 2028
Table 3: Saudi Arabia: Water Heater Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Saudi Arabia: Storage Covering Water Heater Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 5: Saudi Arabia: Water Heater Market Forecast: Breakup by End-Use (in Million US$), 2023-2028
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), 2023-2028
Table 9: Saudi Ceramics: Key Financials (in US$ Million), 2023-2028
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