GCC Solar Water Heater Market Report: Trends, Forecast and Competitive Analysis to 2030

GCC Solar Water Heater Trends and Forecast

The future of the global GCC solar water heater market looks promising with opportunities in the commercial, residential, and government building applications. The global GCC solar water heater market is expected to reach an estimated $0.21 billion by 2030 with a CAGR of 15.6% from 2024 to 2030. The major drivers for this market are growing demand for renewable energy and rising availability of affordable solar water heater.

A more than 150-page report is developed to help in your business decisions.

GCC Solar Water Heater by Segment

The study includes a forecast for the global GCC solar water heater by type, application, and region.

GCC Solar Water Heater Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Covering Flat Plate Collector
• Evacuated Tube Collector
• Unglazed Water Collector

GCC Solar Water Heater Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Residential
• Government Buildings
• Others

GCC Solar Water Heater Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of GCC Solar Water Heater Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies GCC solar water heater companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the GCC solar water heater companies profiled in this report include-

• Ariston Holding
• Orbital Horizon
• Saudi Ceramic Company
• Viessmann Group
• Ecotherm Austria

GCC Solar Water Heater Market Insights

Lucintel forecasts that covering flat plate collector is expected to witness highest growth over the forecast period.

Within this market, residential is expected to witness highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global GCC Solar Water Heater Market

Market Size Estimates: GCC solar water heater market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: GCC solar water heater market size by type, application, and region in terms of value ($B).

Regional Analysis: GCC solar water heater market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the GCC solar water heater market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the GCC solar water heater market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the GCC solar water heater market size?

Answer: The global GCC solar water heater market is expected to reach an estimated $0.21 billion by 2030.

Q.2 What is the growth forecast for GCC solar water heater market?

Answer: The global GCC solar water heater market is expected to grow with a CAGR of 15.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the GCC solar water heater market?

Answer: The major drivers for this market are growing demand for renewable energy and rising availability of affordable solar water heater.

Q4. What are the major segments for GCC solar water heater market?

Answer: The future of the GCC solar water heater market looks promising with opportunities in the commercial, residential, and government building applications.

Q5. Who are the key GCC solar water heater market companies?

Answer: Some of the key GCC solar water heater companies are as follows:

• Ariston Holding
• Orbital Horizon
• Saudi Ceramic Company
• Viessmann Group
• Ecotherm Austria

Q6. Which GCC solar water heater market segment will be the largest in future?

Answer: Lucintel forecasts that covering flat plate collector is expected to witness highest growth over the forecast period.

Q7. In GCC solar water heater market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the GCC solar water heater market by type (covering flat plate collector, evacuated tube collector, and unglazed water collector), application (commercial, residential, government buildings, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?