The GCC solar water heater market size reached USD 110.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 373.0 Million by 2033, exhibiting a growth rate (CAGR) of 13.8% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 110.0 Million |
Market Forecast in 2033 | USD 373.0 Million |
Market Growth Rate (2025-2033) | 13.8% |
Solar water heater is a device which uses solar energy from the sun to heat water. It is generally installed on terrace or in open spaces where abundant sunlight is available. The water is then heated during the day and stored in an insulated tank. The heated water can be used for bathing, cleaning, space heating, industrial process, etc. In the GCC region, the market for solar water heater has been expanding as an increasing number of consumers have become aware about its advantages. Solar water heater is preferred over conventional water heater as it is cost-effective and reduces dependence over fossil fuels.
The market for solar water heater in the GCC region is being driven by a number of favourable factors. Solar water heater offers several long-term advantages over conventional water heater. It reduces electricity consumption, lowers carbon footprints, improves energy independence, etc. The governments in the region are also encouraging the use of solar water heater through building regulation and providing subsidies.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC solar water heater market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on type and application.
Breakup by Type:
The report has segmented the GCC solar water heater market on the basis of type covering flat plate collector, evacuated tube collector and unglazed water collector. Currently, covering flat plate collector accounts for the largest market share in the GCC region.
Breakup by Application:
The report has also segmented the market on the basis on application. The key applications of solar water heater include commercial, residential, government buildings and others.
Breakup by Country:
Country - wise, Saudi Arabia represents the largest market for solar water heater, accounting for the majority of the market share.
The report has also analysed the competitive landscape of the market with some of the key players being Ariston Holding N.V., Orbital Horizon, Saudi Ceramic Company, Viessmann Group and Ecotherm Austria GmbH, etc.
This report provides a deep insight into the GCC solar water heater industry 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. The report also provides a comprehensive analysis for setting up a solar water heater manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, 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 GCC solar water heater industry in any manner.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD, MW Thermal |
Segment Coverage | Type, Application, Country |
Countries Covered | Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, Oman |
Companies Covered | Ariston Holding N.V., Orbital Horizon, Saudi Ceramic Company, Viessmann Group and Ecotherm Austria GmbH |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report: