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

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

Morocco Electric Water Heater Market Synopsis

Morocco Electric Water Heater Market is projected to expand at a moderate rate in the forecast period on account of increasing disposable income and increasing investments in the residential segment. Fiscal policy has been geared towards supporting the development of the residential and industrial sector, with the government providing funding for infrastructure projects and tax breaks for private-sector fixed investment. As a result, construction has become an increasingly important driver of the economy in recent years, leading to an increase in sales of electric water heaters. However, coronavirus pandemic would slow down the market in terms of supply of the product during 2020. Due to the closure of markets during the lockdown period, the demand-side would also fall victim to the slowdown. The market has seen a halt owing to the massive outbreak of coronavirus which resulted in a massive decline in the economy due to nationwide lockdown due to which there was a decline in the Morocco electric water heater market.

According to 6Wresearch, Morocco Electric Water Heater Market size is projected to grow at CAGR of 4.7% during 2020-2026. The government of Morocco is working to provide the houses for their citizens due to which housing developments accounted for the majority of construction projects in the country in 2019. However, due to coronavirus the market is expected to witness a slowdown in terms of supply during 2020.

Market Analysis by Product

Storage water heaters were the preferred choice among the most consumers in 2019 as the maintenance cost and repair costs are lower in former than in the latter. Moreover, it has an unrestricted flow rate that’s suited for high-pressure shower fixtures such as rain showers, massage jets and bathtubs.

Market Analysis by Storage Water Heater

By application, the residential sector acquired the majority of the revenue share in the Morocco electric water heater market in 2019. It could be attributed to new housing units being developed at a fast pace in the country. In 2017, the Moroccan government announced its plan to build 800,000 housing units by 2022, in order to meet an increasing demand pushed by demographic growth and expanding urbanization.

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

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

Morocco Electric Water Heater Market: FAQs