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Middle East Water Heater Market Size By Product (Solar, Instant, Storage {30-100 liters, Central}), Application (Residential, Commercial {College/University, Offices, Government/Military, Others}, Industrial), Industry Analysis Report, Country Outlook (Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, Oman), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: April 2018 | 165 Pages | Report ID: GMI2483 Report Format: PDF

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Summary Table of Contents Industry Coverage Methodology

Industry Trends

Middle East Water Heater Market size for 2016 was over USD 2 billion and the annual deployment is set to exceed 9 million units by 2024.

Middle East Water Heater Market Size, By Application, 2016 & 2024 (USD Million)
Middle East Water Heater Market Size, By Application, 2016 & 2024 (USD Million)


Favourable government initiatives with an aim to limit greenhouse gas emissions along with rising investments toward the adoption of energy efficient products will drive the Middle East water heater market growth. Rising emission constraints have forced the policymakers to introduce energy efficiency guidelines for consumer products along with the labelling and emission level standards for manufacturers. In 2014, government of UAE had introduced the green building guideline with an aim to reduce energy consumption for water heating by adopting renewable source and using solar energy to minimize the peak load demand.

Growing demand for high end technology along with significant economic transformation on account of rapid urbanization and commercialization will foster the Middle East water heater market size. The continuous immigration of expatriate labourers together with internal rural to urban migration has escalated urban population primarily across GCC. In 2017, as per the World Bank, about 64.96% of the population in the Middle East is expected to reside in urban areas by 2020.

Consumer inclination towards the adoption of solar powered heating systems along with favourable geographical conditions will fuel the Middle East water heater market. In 2016, as per the study conducted by United Nations Economic & Social Commission for Western Asia (ESCWA) and King Abdullah Petroleum Studies and Research Centre (KAPSARC), UAE is focusing to fulfil the maximum energy demand from renewable systems. As per leading industry experts, the country requires the installation of solar systems in all new villas and accommodations to provide 75% of domestic hot water requirements.

Middle East Water Heater Market, By Product

Rising adoption of water heating systems primarily across commercial establishments along with increasing need for continual hot water supply will drive the storage water heater market. Easy accessibility, limited repair & maintenance and effective protection against hard water are the key parameters which will stimulate the product demand.

Instant products in 2016, held over 7% of the middle east water heater market share. Extreme climatic conditions primarily across Sub-Saharan countries along with rising consumer awareness toward energy efficient systems will positively influence the industry landscape. In addition, Self-modulating or staged burner facility across such systems provide maximum energy efficiency by availing lesser heating time.

Middle East Water Heater Market, By Application

Residential water heater market is predicted to witness growth over 3% by 2024. Ongoing investments toward residential construction along with the rising demand for hot water across domestic applications have instituted a favourable business scenario. Governments’ ambitious plan toward green building along with increasing demand for replacement and retrofitting of traditional heating systems will favour the product penetration.

Commercial water heater market is set to witness substantial growth owing to rapid commercialization and urbanization. Growing spending across tourism sector primarily the construction of hotels will augment the business outlook. Regulators are making huge investments toward healthcare and education sector thereby raising the demand for water heating systems.

Middle East Water Heater Market, By Country

Saudi Arabia water heater market size is predicted to surpass USD 1 billion by 2024. Increasing initiatives toward the construction of residential establishments with an aim to accommodate the growing population will augment the industry landscape. In 2016, the housing ministry of Saudi Arabia has introduced New Housing Programme to increase Saudi housing ownership to 70 percent by 2030 on account of rising population.

Introduction of stringent government regulations and standards toward energy efficiency will drive the UAE water heater market growth. Growing measures toward energy conservation coupled with the replacement of traditional units will propel the product penetration. In 2015, government has introduced the green building specification that provides the guidelines to encourage the installation of gas powered heating systems across the country.

Growing demand for HVAC systems across the nation along with expansion of trade practices will escalate the Kuwait water heater market share. Abundant business opportunities, consumer funds, the need for product customization, disposable income to purchase upgraded products, and the sizeable pool of potential customers are the factors that will boost the product penetration.

Competitive Market Share

Notable Middle East water heater market participants include A.O. Smith, Bradford White, Rheem Manufacturing, Ferroli, Bosch, State Industries, Rinnai Corporation, Hubbell, Saudi Ceramics, Linuo Ritter, Himin Solar, Ariston Thermo, Jaquar, Kanch, Viessmann, Whirlpool, Vaillant and Haier.

Major players across the Middle East water heater market are shifting towards mergers and collaborations to improve the product line. In 2016, Ariston Thermo Group acquired NY Thermal, Inc. to enter the North-American market with an aim of strengthening its position in the global energy efficiency and water heating industry.

Middle East Water Heater Industry Background

Middle East Water Heater Market Segmentation

These products involve a heat transfer process by utilizing various energy source to heat water over its initial temperature. The product is available in three segments including solar, instant and storage heating appliances. A traditional system uses a variety of sources including propane, fuel oil, natural gas & natural gas, electricity.


What Information does this report contain?

What was the historic market data from 2013 to 2016, what is the industry growth forecast from 2017 to 2024?
A detailed analysis of regulatory trends, growth drivers, industry pitfalls, challenges and opportunities for participants
Which are the leading market products, applications & regions and how will they perform by 2024?
What are the technology & innovation trends, how will they evolve by 2024?
Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

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