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Saturday, 03 December 2022 12:12 GMT

Middle East And North Africa (MENA) Electric Water Heater Market Industry Insights, Market Size, Major Key Players And Current Trends Analysis And Forecast: 2022-2031


(MENAFN- America News Hour)

The Middle East and North Africa electric water market is expected to witness a healthy growth as Middle Eastern countries are expected to witness a construction spree in the coming years, with infrastructure projects being developed to match current standards of infrastructure in developed nations such as USA and China, along with the setting up of large-scale commercial establishments, such as economic cities, medical cities, hotels and offices.

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The countries are striving to strengthen their non-oil sectors such as residential and hospitality, which would bode well for the market. Nevertheless, in 2020, the sales of water heaters are expected to drop in 2020 in every country owing to the coronavirus pandemic as the electric water heater market would experience a downfall from the 'supply-halt' in 2020.

This 'sales-drop' period could extend beyond 2020 depending on the pandemic situation. As far as demand side is concerned, due to nationwide lockdowns, builders would refrain from buying water heaters as most of the construction activities would be on hold in the same period.According to 6Wresearch, the Middle East and North Africa (MENA) Electric Water Heater Market is projected to grow at a CAGR of 5.5% during 2020–26F. Government initiatives, such as UAE Vision 2030 and Oman Vision 2040, are expected to aid the growth of the non-oil economy in the countries during the forecast period. By product, storage water heater segment accounted for the majority of the revenue share in the overall electric heater market in 2019 owing to lower installation charges of storage water heating units. Moreover, the operating system of a storage water heater is user-friendly, which significantly reduces the maintenance and repair costs as well. Furthermore, aided by easier and cheaper travel, North African countries such as Morocco and Egypt have seen a rise in the development of hotels, which would expand the revenue share of the region in MENA electric water heater market in the coming years.

The commercial, hospitality and residential sectors in North African and Middle Eastern countries are expected to grow moderately during the forecast period as the infrastructure segment in these countries is predicted to flourish in the years to come. In 2019, the residential sector held the top position in terms of revenue on account of improving lifestyle and increasing disposable income.
The report comprehensively cover the market by product, capacity, applications, and countries. The report provides an unbiased and detailed analysis of the market trends, Middle East and North Africa electric water heater market share, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

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Key Highlights:

Historical Data of Middle East and North Africa Electric Water Heater Market Revenues and Volume for the period, 2017-2019
Middle East and North Africa Electric Water Heater Market Forecast of Revenues and Volume, Until 2026
Historical Data of UAE, Saudi Arabia, Qatar, Kuwait, Algeria, Oman, Egypt and Morocco Electric Water Heater Market Revenues and Volume for the period, By Product, 2017-2019
Forecast of UAE, Saudi Arabia, Qatar, Kuwait, Algeria, Oman, Egypt and Morocco Electric Water Heater Market Revenues and Volume, By Product, Until 2026
Historical Data of UAE, Saudi Arabia, Qatar, Kuwait, Algeria, Oman, Egypt and Morocco Electric Water Heater Market Revenues and Volume for the period, By Capacity, 2017-2019
Forecast of UAE, Saudi Arabia, Qatar, Kuwait, Algeria, Oman, Egypt and Morocco Electric Water Heater Market Revenues and Volume, By Capacity, Until 2026
Historical Data of UAE, Saudi Arabia, Qatar, Kuwait, Algeria, Oman, Egypt and Morocco Electric Water Heater Market Revenues for the period, By Applications, 2017-2019
Forecast of UAE, Saudi Arabia, Qatar, Kuwait, Algeria, Oman, Egypt and Morocco Electric Water Heater Market Revenues, By Applications, Until 2026
Market Drivers and Restraints
Market Trends
Industry Life Cycle
Porter's Five Force Analysis
Market Opportunity Assessment
Market Share, By Company
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Markets Covered:
By Products:
Storage Water Heaters
Up to 30 Litres
1 to 100 Litres
1 to 250 Litres
1 to 400 Litres
Above 400 Litres
Non-Storage Water Heaters
By Applications:
Residential
Commercial
Industrial
By Countries:
Saudi Arabia
UAE
Qatar
Oman
Kuwait
Algeria
Egypt
Morocco
Rest of Middle East and North Africa (Bahrain, Jordan, Yemen, Tunisia, Libya)

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The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count ( SDKI ) provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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