Market Forecast By Product (Storage Water Heaters (Up To 30 Litres, 30.1 To 100 Litres, 100.1 To 250 Litres, 250.1 To 400 Litres, Above 400 Litres), Non-Storage Water Heaters), By Applications (Residential, Commercial, Industrial) And Competitive Landscape
According to 6Wresearch, Singapore Electric Water Heater Market size is projected to grow throughout the forecast period 2020-26F. The rising spread of COVID-19 virus has disturbed the overall production of the electric water heaters backed by the nationwide lockdown imposed to contain the effect of the spread of the pandemic which has led to a significant disturbance in the sales of electric water heaters in the country and has contributed towards the slow growth of the market. However, increased residential use of water coupled with an increased need for bathing and hygienic activities to combat the effect of COVID-19 spread has led to an increased demand for hot water, which in turn instigated prospectus demand for electric water heaters and simultaneously benefit the growth of the Singapore electric water heater market.
Key Highlights:
- Singapore Electric water heater Market Overview
- Singapore Electric Water Heater Market Outlook
- Singapore Electric Water Heater Market Forecast
- Singapore Electric Water Heater Market Size
- Singapore Electric Water Heater Market Outlook on Drivers and Restraints
- Singapore Electric Water Heater Market Trends
- Singapore Electric Water Heater Industry Life Cycle
- Porter’s Five Force Analysis
- Singapore Electric Water Heater Market Opportunity Assessment
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