Saudi Arabia Thermostats, Valves & Actuators and Damper Actuators Market (2018-2024)
The government of Saudi Arabia introduced several development plans such as Saudi Vision 2030 and the National Transformation Plan 2020, with the objective of accelerating growth and diversification of the national economy. Such initiatives would help the non-oil sectors to grow and promote the development of new industries, commercial buildings, offices, healthcare centers and manufacturing units in the future. Hence, the market for thermostats, valves & actuators and damper actuators in the country is expected to grow consequentially during the forecast period.
According to 6Wresearch, Saudi Arabia Thermostats, Valves & Actuators and Damper Actuators Market is projected to grow at a CAGR of 2.8% during 2018-24. The development of large cities in various regions of the country such as Riyadh and Jeddah, would involve the construction of new healthcare centers, hotels, commercial...