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

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

Oman Electric Water Heater Market Synopsis

Oman Electric Water Heater Market has bright prospects in the forecast period, as thriving hospitality and residential sectors are expected to propel the demand for electric water heaters. In order to recover swiftly from the economic slowdown, the govt has started several new development plans aimed toward promoting industrialization, privatization and foreign investments within the Sultanate’s economy and had the eventual goal of reducing the nation’s dependency on oil revenues, which has kickstarted many hotel projects across the country. However, coronavirus pandemic would hamper the market in terms of supply of the merchandise within the half of 2020. While on the opposite hand, demand-side would also fall victim to the slowdown thanks to the market being 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, Oman Electric Water Heater Market size is projected to grow at CAGR of 4.5% during 2020-2026. Oman Hotels and Tourism Co would invest in the country around 260 million to construct 10 hotels in Oman till 2021. The upcoming three- and four-star hotels would have a total of 2000 guestrooms. This, in turn, would help generate demand for electric water heaters in these domains during the forecast period. Lastly, the Oman electric water heater market is expected to face disruption owing to the spread of coronavirus.

Market Analysis by Application

In 2019, the residential sector held the highest position in revenue charts within the country on account of surging development of residential buildings. The same trend is predicted to prevail within the coming years. Development projects like Naseem A’Sabah ($1.04 bn), Sur Gate Project ($311.7 mn), Quriyat ITC Project ($1 bn), Omagine Project, Al Nakheel, and Hawana Lagoons Salalah are expected to increase the demand for water heaters in housing and hospitality domain over the approaching years. Such developments, in turn, would help generate demand for electric water heaters within the country during the forecast period.

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:

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