Kuwait Electric Water Heater Market (2020-2026) | Value, Size, Revenue, Growth, COVID-19 IMPACT, Outlook, Companies, Trends, Share, Forecast, Industry & Analysis

Kuwait Electric Water Heater Market report comprehensively covers the Kuwait electric water heater market by product, capacity and applications. Kuwait electric water heater market report provides an unbiased and detailed analysis of the Kuwait electric water heater market trends, Kuwait 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.

Kuwait Electric Water Heater Market Synopsis

Kuwait Electric Water Heater Market witnessed a decline during 2016-2017 due to the crashing oil prices which affected the economic growth of the country resulting in the halting of many construction projects. However, the electric water heater market in the country is expected to grow at a steady rate over the coming years owing to the favorable government initiatives such as “Kuwait National Development Plan 2035”, which in turn would trigger the infrastructural development projects across the country comprising of development of South Sabah Al Ahmad residential city, South Saad Al Abdullah city, expansion of Kuwait International Airport, etc. Due to the coronavirus pandemic, the Kuwait electric water heater market is estimated to face a downtown in 2020. The outbreak and the continued downswing in oil prices has widened the fiscal deficit and challenged the government’s ability to spend on planned projects and has inhibited the ability to take bold steps to grow the economy. The market has seen a slowdown owing to the massive outbreak of COVID-19. Nationwide lockdowns and other preventive measures to combat the spread of the virus and has also led to a decline in the overall market growth.

According to 6Wresearch, Kuwait Electric Water Heater Market size is projected to grow at CAGR of 4.7% during 2020-2026. Residential and commercial sector accounted the majority of the construction projects in the country for the year 2019. However, the spread of coronavirus pandemic would slow down the market due to hindrance in supply during 2020.

Market Analysis by Product

In 2019, storage water heaters dominated the product segment in terms of revenue and volume on account of smooth flowrate. On the contrary, non-storage water heaters provide instantaneous heating but do face some flow restrictions.

Market Analysis by Storage Water Heater

By capacity, 30.1 to 100 litres acquired the majority of market share in 2019. It could be attributed to the fact that these range of water heaters are most preferred in residential and commercial buildings on account of their ability to handle multiple chores at a time, which need an average of 40-60 litres of water and can store ample amount of water at any given time.

 Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Kuwait Electric water heater Market Overview
• Kuwait Electric Water Heater Market Outlook
• Kuwait Electric Water Heater Market Forecast
• Kuwait Electric Water Heater Market Size
• Historical Data of Kuwait Electric Water Heater Market Revenues and Volume for the period, 2017-2019
• Kuwait Electric Water Heater Market Forecast of Revenues and Volume, Until 2026
• Historical Data of Kuwait Electric Water Heater Market Revenues and Volume for the period, By Product, 2017-2019
• Forecast of Kuwait Electric Water Heater Market Revenues and Volume, By Product, Until 2026
• Historical Data of Kuwait Electric Water Heater Market Revenues and Volume for the period, By Capacity, 2017-2019
• Forecast of Kuwait Electric Water Heater Market Revenues and Volume, By Capacity, Until 2026
• Historical Data of Kuwait Electric Water Heater Market Revenues for the period, By Applications, 2017-2019
• Forecast of Kuwait Electric Water Heater Market Revenues, By Applications, Until 2026
• Kuwait Electric Water Heater Market Outlook on Drivers and Restraints
• Kuwait Electric Water Heater Market Trends
• Kuwait Electric Water Heater Industry Life Cycle
• Porter’s Five Force Analysis
• Kuwait Electric Water Heater Market Opportunity Assessment
• Kuwait Electric Water Heater Market Share, By Company
• Kuwait Electric Water Heater Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Product:
• 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

Other Key Reports Available:

• Kenya Electric Water Heater Market (2020-2026F)
• UAE Electric Water Heater Market (2020-2026F)
• Qatar Electric Water Heater Market (2020-2026F)