| Product Code: ETC5117407 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Seychelles continued to rely on imports of electric water heaters, with top exporters being United Arab Emirates, Singapore, South Africa, France, and China. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). Despite a strong compound annual growth rate (CAGR) of 25.61% from 2020 to 2024, there was a slight decline in the growth rate from 2023 to 2024 at -4.78%. This data indicates a competitive market landscape with potential shifts in import patterns and consumer preferences in the electric water heater industry in Seychelles.

By 2027, the Electric Water Heater market in Seychelles is anticipated to reach a growth rate of 2.45%, as part of an increasingly competitive Africa region, where Egypt remains at the forefront, supported by South Africa, Ethiopia, Algeria and Nigeria, driving innovations and market adoption across sectors.

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 Seychelles Electric Water Heater Market Overview |
3.1 Seychelles Country Macro Economic Indicators |
3.2 Seychelles Electric Water Heater Market Revenues & Volume, 2021 & 2031F |
3.3 Seychelles Electric Water Heater Market - Industry Life Cycle |
3.4 Seychelles Electric Water Heater Market - Porter's Five Forces |
3.5 Seychelles Electric Water Heater Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Seychelles Electric Water Heater Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Seychelles Electric Water Heater Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient appliances |
4.2.2 Government initiatives promoting the use of electric water heaters |
4.2.3 Growth in residential and commercial construction projects |
4.3 Market Restraints |
4.3.1 High initial cost of electric water heaters compared to conventional water heaters |
4.3.2 Limited awareness about the benefits of electric water heaters |
4.3.3 Intense competition from alternative water heating technologies |
5 Seychelles Electric Water Heater Market Trends |
6 Seychelles Electric Water Heater Market Segmentations |
6.1 Seychelles Electric Water Heater Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Seychelles Electric Water Heater Market Revenues & Volume, By Tankless Water Heater, 2021-2031F |
6.1.3 Seychelles Electric Water Heater Market Revenues & Volume, By Storage Water Heater, 2021-2031F |
6.2 Seychelles Electric Water Heater Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Seychelles Electric Water Heater Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Seychelles Electric Water Heater Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Seychelles Electric Water Heater Market Revenues & Volume, By Industrial, 2021-2031F |
7 Seychelles Electric Water Heater Market Import-Export Trade Statistics |
7.1 Seychelles Electric Water Heater Market Export to Major Countries |
7.2 Seychelles Electric Water Heater Market Imports from Major Countries |
8 Seychelles Electric Water Heater Market Key Performance Indicators |
8.1 Average energy efficiency rating of electric water heaters sold |
8.2 Number of government incentives or rebates for electric water heater installations |
8.3 Percentage of new construction projects opting for electric water heaters |
9 Seychelles Electric Water Heater Market - Opportunity Assessment |
9.1 Seychelles Electric Water Heater Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Seychelles Electric Water Heater Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Seychelles Electric Water Heater Market - Competitive Landscape |
10.1 Seychelles Electric Water Heater Market Revenue Share, By Companies, 2024 |
10.2 Seychelles Electric Water Heater Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |