Dublin, Aug. 31, 2020 (GLOBE NEWSWIRE) -- The "Middle East And North Africa (MENA) Electric Water Heater Market (2020-2026): Market Forecast by Product, by Applications, by Countries, and Competitive Landscape." Nevertheless, in 2020, the sales of water heaters are expected to drop in every country owing to the coronavirus pandemic as the electric water heater market experiences a downfall from the supply-halt in 2020. According to this research, the Middle East and North Africa (MENA) Electric Water Heater Market is projected to grow at a CAGR of 5.5% during 2020-26F. By product, the storage water heater segment accounted for the majority of the revenue share in the overall electric heater market in 2019 owing to lower installation charges of storage water heating units. Moreover, the operating system of a storage water heater is user-friendly, which significantly reduces the maintenance and repair costs as well.

Source: The North Africa Journal August 31, 2020 09:45 UTC