Middle East And North Africa (MENA) Electric Water Heater Market (2020-2026)Posted by 6wresearch Market on December 7th, 2020  Market Forecast By Product (Storage Water Heaters (Up To 30 Litres, 30.1 To 100 Litres, 100.1 To 250 Litres, 250.1 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)) And Competitive Landscape According to 6Wresearch, Middle East and North Africa (MENA) Electric Water Heater Market are 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. Key Highlights of the Reports:
About Us- 6Wresearch is the premier, one stop market intelligence and advisory centre, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Contact Us: Phone: +911143024305 | Email Id: sales@6wresearch.com Like it? Share it! More by this author |