| Product Code: ETC5758279 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Maldives saw a shift in the commercial water heaters import market in 2024, with top exporting countries being Italy, China, Germany, Switzerland, and Turkey. The market concentration increased significantly from moderate to high, indicating intensified competition among suppliers. Despite a dip in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-24 stood at a healthy 5.64%. This suggests a steady overall expansion in the market, driven by key players from various countries catering to the demand for commercial water heaters in Maldives.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Commercial Water Heaters Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Commercial Water Heaters Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Commercial Water Heaters Market - Industry Life Cycle |
3.4 Maldives Commercial Water Heaters Market - Porter's Five Forces |
3.5 Maldives Commercial Water Heaters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Commercial Water Heaters Market Revenues & Volume Share, By Liter, 2021 & 2031F |
3.7 Maldives Commercial Water Heaters Market Revenues & Volume Share, By Rated Capacity, 2021 & 2031F |
4 Maldives Commercial Water Heaters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing hospitality industry in the Maldives leading to increased demand for commercial water heaters. |
4.2.2 Government initiatives promoting the use of energy-efficient appliances in commercial buildings. |
4.2.3 Rise in tourism and construction activities driving the need for commercial water heaters. |
4.3 Market Restraints |
4.3.1 High initial costs associated with the installation of commercial water heaters. |
4.3.2 Limited availability of skilled technicians for installation and maintenance. |
4.3.3 Fluctuating raw material prices impacting the manufacturing cost of commercial water heaters. |
5 Maldives Commercial Water Heaters Market Trends |
6 Maldives Commercial Water Heaters Market Segmentations |
6.1 Maldives Commercial Water Heaters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Commercial Water Heaters Market Revenues & Volume, By Electric, 2021-2031F |
6.1.3 Maldives Commercial Water Heaters Market Revenues & Volume, By Gas, 2021-2031F |
6.1.4 Maldives Commercial Water Heaters Market Revenues & Volume, By Oil, 2021-2031F |
6.1.5 Maldives Commercial Water Heaters Market Revenues & Volume, By Heat Pump, 2021-2031F |
6.1.6 Maldives Commercial Water Heaters Market Revenues & Volume, By Solar, 2021-2031F |
6.1.7 Maldives Commercial Water Heaters Market Revenues & Volume, By Hybrid & Others, 2021-2031F |
6.2 Maldives Commercial Water Heaters Market, By Liter |
6.2.1 Overview and Analysis |
6.2.2 Maldives Commercial Water Heaters Market Revenues & Volume, By Below 500 Liters, 2021-2031F |
6.2.3 Maldives Commercial Water Heaters Market Revenues & Volume, By 500-1,000 Liters, 2021-2031F |
6.2.4 Maldives Commercial Water Heaters Market Revenues & Volume, By 1,000-3,000 Liters, 2021-2031F |
6.2.5 Maldives Commercial Water Heaters Market Revenues & Volume, By 3,000-4,000 Liters, 2021-2031F |
6.2.6 Maldives Commercial Water Heaters Market Revenues & Volume, By Above 4,000 Liters, 2021-2031F |
6.3 Maldives Commercial Water Heaters Market, By Rated Capacity |
6.3.1 Overview and Analysis |
6.3.2 Maldives Commercial Water Heaters Market Revenues & Volume, By Up to 10kW, 2021-2031F |
6.3.3 Maldives Commercial Water Heaters Market Revenues & Volume, By 10-50kW, 2021-2031F |
6.3.4 Maldives Commercial Water Heaters Market Revenues & Volume, By 50-150kW & more, 2021-2031F |
7 Maldives Commercial Water Heaters Market Import-Export Trade Statistics |
7.1 Maldives Commercial Water Heaters Market Export to Major Countries |
7.2 Maldives Commercial Water Heaters Market Imports from Major Countries |
8 Maldives Commercial Water Heaters Market Key Performance Indicators |
8.1 Energy efficiency rating of commercial water heaters. |
8.2 Number of new hotel and resort openings in the Maldives. |
8.3 Average annual temperature in the Maldives impacting the demand for commercial water heaters. |
8.4 Consumer sentiment towards renewable energy sources for water heating. |
8.5 Number of building permits issued for commercial properties in the Maldives. |
9 Maldives Commercial Water Heaters Market - Opportunity Assessment |
9.1 Maldives Commercial Water Heaters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Commercial Water Heaters Market Opportunity Assessment, By Liter, 2021 & 2031F |
9.3 Maldives Commercial Water Heaters Market Opportunity Assessment, By Rated Capacity, 2021 & 2031F |
10 Maldives Commercial Water Heaters Market - Competitive Landscape |
10.1 Maldives Commercial Water Heaters Market Revenue Share, By Companies, 2024 |
10.2 Maldives Commercial Water Heaters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |