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

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

Egypt Electric Water Heater Market Synopsis

Egypt Electric Water Heater Market is anticipated to grow at a steady rate over the forecast period in the midst of favourable government initiatives such as “Egypt Vision 2030” that would result in the increase in a number of projects in residential and tourism communities, particularly in North Coast. Further, Egypt is switching its capital city from Cairo to New Administrative Capital bolstering the residential development, thereby increasing the demand for water heaters market in the country. Nevertheless, the Egypt electric water heater market is expected to face some challenges in 2020 on account of the outbreak of COVID-19 virus. The market has seen a halt owing to the massive 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, Egypt Electric Water Heater Market size is projected to grow at CAGR of 4.7% during 2020-2026. In 2019, housing developments accounted for the majority of construction projects in the country. However, coronavirus pandemic would slow down the market in terms of supply during 2020.

Market Analysis by Product

On the basis of product, storage heaters are expected to dominate the market revenues in 2019 and in the coming years on account of their ability to provide hot water to multiple points at home. Additionally, most people tend to go for economically viable products in a developing nation, thereby boosting the sales of storage water heaters.

Market Analysis by Capacity

On the basis of Capacity, 30.1 to 100 litres water heaters held the top position in the capacity segment in 2019 on account of their utility in multiple chores as the amount of average warm water required by the households does not exceed 70-90 litres. However, residential, and commercial sectors are expected to experience delays in project deliveries, affecting the electric water heater market negatively in 2020. For instance, merely 135 units were handed over in the first quarter of 2020, keeping the total residential stock almost unchanged at 159,000 units. Further, Cairo’s hotel supply stayed at 23,000 keys with no additional completions in the first quarter of 2020, with around 400 keys expected to be delivered by the end of 2020.

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:

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