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

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

Qatar Electric Water Heater Market Synopsis

Qatar Electric Water Heater Market has bright prospects in the coming years as thriving hospitality and residential sectors are expected to propel the demand for electric water heaters in the coming years. Major events, such as the 2022 FIFA World Cup, have opened up several opportunities for growth and development in the hospitality industry. Thus, with the economic diversification and boosting construction in the hospitality and residential segment, electric water heater sales are expected to surge in the coming period. Despite this, the market is expected to fall in 2020 due to a halt in production and demand as a result of partial lockdowns in the wake of the COVID-19 outbreak. Manufacture and trade are being moderately affected by the lockdown with a significant reduction of activities and major cash flow constraints as the movement of people plummeted by 63% around retail & recreation areas. The market has come to a halt as a result of the widespread outbreak of COVID-19, which has resulted in statewide lockdowns to counteract the virus transmission and a drop in overall market growth.

According to 6Wresearch, Qatar Electric Water Heater Market size is projected to grow at a CAGR of 2.6% during 2020-2026. Rise in the construction of residential and hospitality sector due to the upcoming FIFA World Cup boosted the demand for the electric water heater in the country. However, due to COVID-19, the demand of the electric water slowed down owing to the massive fall in the supply.

Market Analysis by Types

Storage water heaters were the popular choice among consumers and holds the maximum share in revenue in Qatar in 2019 and are expected to gain dominance in the past years also as these types of water heaters become more economically viable, the trend is projected to continue in the future years. Storage water heaters offer low maintenance and repair costs, which has helped them maintain their position at the top of the sales rankings.

Market Analysis by Applications

Residential sector acquired the largest revenue share in Qatar electric water heater market in 2019 owing to the growing demand for water heaters in single-family homes and condominiums. The expected influx of the expatriate population, coupled with government efforts to diversify the economy, would drive the real estate sector. For instance, transaction volume for houses witnessed a 20.5% annual increase in 2019.

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:

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

• Turkey Electric Water Heater Market (2020-2026F)
• Saudi Arabia Electric Water Heater Market (2020-2026F)
• UAE Electric Water Heater Market (2020-2026F)