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

Nigeria electric water heater market is anticipated to witness significant growth in the upcoming six years on the back of an increase in the infrastructural advancements in the country backed by the rising growth of the residential and the hospitality sector which are anticipated to be the catalysts which are expected to pioneer the substantial demand projections for electric water heater in the country in the coming timeframe. Further, an increase in the innovation and modifications of electric water heaters which tend to provide water in different parts of the home and provide ease of use and needful water supply is expected to benefit the electric water heaters register increased adoption in the country in the coming years and simultaneously, would further leave a positive impact on the growth of the Nigeria electric water heater market in the foreseeable future.

According to 6Wresearch, Nigeria Electric Water Heater Market size is projected to grow throughout the forecast period 2020-26F. The rising spread of COVID-19 virus has disturbed the overall production of the electric water heaters backed by the nationwide lockdown imposed to contain the effect of the spread of the pandemic which has led to a significant disturbance in the sales of electric water heaters in the country and has contributed towards the slow growth of the market. However, increased residential use of water coupled with an increased need for bathing and hygienic activities to combat the effect of COVID-19 spread has led to an increased demand for hot water, which in turn instigated prospectus demand for electric water heaters and simultaneously benefit the growth of the Nigeria electric water heater market.

The up to 100 litres domain segment of the electric water heaters is anticipated to register the highest growth rate in the coming years on the back of rising deployment the electric water heaters in the residential domain owing to rising hygiene and health concerns. Also, with the maximum water consumption up to 70-90 litres per day, the demand for up to 100 litres electric water heaters is expected to be witnessed at a strong pace and is anticipated to benefit the potential growth of the Nigeria electric water heater market in the upcoming six years.

The Nigeria electric water heater market report comprehensively covers the Nigeria electric water heater market by product, capacity and applications. Nigeria electric water heater market report provides an unbiased and detailed analysis of the Nigeria electric water heater market trends, Nigeria 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.

Key Highlights:         

• Nigeria Electric water heater Market Overview
• Nigeria Electric Water Heater Market Outlook
• Nigeria Electric Water Heater Market Forecast
• Nigeria Electric Water Heater Market Size
• Historical Data of Nigeria Electric Water Heater Market Revenues and Volume for the period, 2017-2019

• Nigeria Electric Water Heater Market Forecast of Revenues and Volume, Until 2026

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

Markets Covered:

• 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