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

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

Algeria Electric Water Heater Market Synopsis

Algeria Electric Water Heater Market is predicted to proliferate at a moderate rate as thriving hospitality and residential sectors are expected to propel the demand for electric water heaters in the coming years. In an attempt to satisfy the infrastructure needs of a growing population and proportion the residential and commercial investments, the government has identified the construction industry as a key component of its future vision. While on the opposite hand, demand-side would also fall victim to the slowdown owing to the fact that market has been closed during the lockdown period. The market has seen a halt due to the huge outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.

According to 6Wresearch, Algeria Electric Water Heater Market size is projected to grow at CAGR of 4.7% during 2020-2026. In an effort to meet the construction needs of a growing population and scale up the residential and commercial sector, the government has identified construction industry as a key component of its future vision. Further, as part of the SDAT, the state is investing in large scale investment projects geared towards renovating Algeria’s public hotel sector such as Hyatt Regency Airport Hotel – Algiers. All such developments would surge the demand for electric water heaters in the country Nevertheless, the Algeria water heater market is expected to bear the brunt of COVID 19 in the near future.

Market Analysis by Product

In 2019, storage water heaters dominated the product segment in terms of revenue and volume on account of their ability to provide water in different parts of the houses simultaneously. Moreover, storage water heaters consume less power in comparison to its other counterpart.

Market Analysis by Applications

Residential sector acquired the majority of revenue share in 2019 on account of rising demand for water heaters among the household families on the account of increasing disposable income and improving the standard of living in the country. The increasing involvement of private property developers would propel the construction market, particularly in the residential domain, as the government is not able to meet the housing demands.

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:

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