The GCC region is currently home to over 18,000 projects nearing completion and under construction with the combined project value of over $2.3 billion. The region hosts various international events on yearly basis and would be the host of two major events – Qatar FIFA World Cup in 2022 and Dubai Expo 2020. These factors have pushed the construction of indoor as well as outdoor infrastructure and is offering huge opportunities for the marketers to showcase their products and services on the international platform, which has led to the demand for digital signage solutions in the region.

According to 6Wresearch, GCC Digital Signage Market is expected to grow at a CAGR of 12% during 2017-23. Digital signage market grew on the back of increased digital marketing spending by the advertisers in the previous two years as well. The governments across six countries have taken various measures to...

Over the last three years, storage device market recorded key growth in India. India’s storage device market was predominantly driven by demand for primary storage like DDR4 RAM, and secondary storage such as portable hard disk drives, microSD cards, flash USB, and the fastest growing Solid State Drives (SSDs). Though, SSD market in India is presently at growing stage, however due to price constraint, major demand has been derived from enterprise application segment. For client SSD application, consumers primarily preferred low cost SSDs with 120-256GB capacity.

According to 6Wresearch, India solid state drive market to record $156 million by 2023. Growing demand for high-end computing systems for enterprise segment, growing number of data centers, increasing penetration of on-premise storage system, coupled with proliferation of big data & cloud computing markets are the key driving...

Several countries in the Middle East region are still recovering from slump in oil prices since 2014. Steadily increasing oil prices and burgeoning construction sector contributed significantly to the growth and development of the region post 2016. Additionally, preparation for international events such as Dubai Expo 2020 and FIFA World Cup have resulted in growing investment in the construction as well as industrial sectors. Due to ongoing arms race among the Middle East countries to own a fleet of combat UAVs, several manufacturers are anticipated to take the advantage of underlying opportunity.

According to 6Wresearch, Middle East Unmanned Aerial Vehicle (Drone) Market is forecast to grow at a CAGR of over 30% during 2018-24. As a result of upcoming events in the Middle East region, the construction sector is registering positive growth on a year-over-year basis. Increasing...

Growing construction market coupled with development of industrial and commercial applications including manufacturing, service sector and events have buoyed the growth of diesel generator rental market in India. In FY 2017, construction activities including infrastructure development registered a FDI inflow of more than $9.82 billion which is projected to register healthy growth rate over the coming years. Several large scale projects including Navi Mumbai International Airport, Gujarat Gift City, Mega Food Park as well as IT Special Economic Zone (SEZ) Park are projected to create huge opportunities for diesel generator rental market.

According to 6Wresearch, India diesel generator rental market is projected to grow at a CAGR of over 18% during 2017-23. Below 100 KVA rental diesel generators are expected to drive the market growth owing to low operational cost and higher demand across...

Increase in vehicle sales coupled with growing consumer spending has propelled the demand for tyre market in the South East Asia region during the past five years. Further, the tyre market is expected to register a healthy growth due to an increase in demand for luxury passenger vehicles which would drive during 2018-24. In addition, government plans such as Malaysia’s Industry 4.0, Indonesia vision 2045, Philippines vision 2040 and Vietnam 2035 are also expected to boost South East Asia tyre market forecast revenues.According to 6Wresearch, South East Asia Tyre market size is projected to grow at a CAGR of over 7.5% during 2018-24. Radial Tyre is the key revenue generating segment in the South East Asia tyre market revenues owing to its low life cycle cost and high deployment, especially in the passenger vehicles and two & three wheeler vehicles. In passenger vehicles, majorly radial...

Increasing infrastructure development activities, rising commercial sector and large scale investments in the power transmission & distribution network are the major factors that would drive the market of medium voltage switchgear market in GCC region.

According to 6Wresearch, GCC Medium Voltage Switchgear Market is projected to reach $1.4 Billion by 2023. Medium voltage switchgear market in GCC has witnessed robust growth over the past five years due to growing electricity consumption and increasing public and transportation infrastructures in the region. During the forecast period, the market of medium voltage switchgear is expected to rise on the back of expansion of power transmission and distribution network and grid connection across the region.

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According to Ravi Bhandari, Assistant Manager, 6Wresearch, in GCC region, power...

Over the last three years, owing to economic slowdown, decline in exports coupled with depreciating currency resulted in the overall slowdown of government spending towards several infrastructure development & construction projects in both Australia and New Zealand. Thus, affecting the number of new installations of elevators and escalators in the region during 2014-16. However, during the last quarter of 2016, the market witnessed a surge in construction projects due to increasing FDIs especially in Australia’s retail and hospitality sectors.

According to 6Wresearch, Australia and New Zealand Elevator and Escalator Market is expected to Register a CAGR of 4.4% during 2017-23. Growing skyscraper construction, surge in construction market, growing government spending, infrastructural development projects, and increasing FDI in retail and construction market along with growing...

Saudi Arabia Catering Services market is expected to witness strong headwinds over the coming years due to slump in crude oil prices and slowdown of economy. Saudi Arabia’s government revenues are majorly dependent on the export of oil products and decline in oil prices has affected the government spending in various sectors. However, shift in government expenditure towards healthcare and education sectors is likely to have some positive effect on the catering services market.

According to 6Wresearch, Saudi Arabia Catering Services market is projected to reach $6.9 billion by 2023. Catering to remote sites such as oil rigs and construction sites have remained a prominent markets in Saudi Arabia as it is the company’s responsibility to provide meal to its employees at such sites. Decline in new construction awards and taxes on expatriates living & working in Saudi Arabia has forced the...

Growing affinity for smart homes and automated buildings across the country are accelerating the demand for building automation systems. Further, adoption of energy efficient solutions in commercial and residential buildings to optimize electricity usage and regulate temperature inside the buildings are further spurring the market growth. Additionally, growing need for security in commercial offices and retail buildings such as malls, supermarkets and hypermarkets would lead to a rise in deployment of automatically programmed security devices to regulate routine functions smoothly.

According to 6Wresearch, UAE Building Automation Control Systems Market revenues are projected to grow at a CAGR of 7.5% during 2018-24. UAE is set to host a mega event, “World Expo 2020”, which would act as a major driver for the growth of Building Automation Control Systems market. Intensive infrastructure...

With increasing government efforts to boost investment in industrial and manufacturing sectors, Saudi Arabia would encounter an acceleration in growth of new industries in future. Further, growing awareness and enforcement of air pollution norms in the country would positively affect the installation rate of air pollution control systems in petrochemical, chemical as well as power generation industries over the coming years.

According to 6Wresearch, Saudi Arabia Air Pollution Control System Market revenues are projected to grow at a CAGR of 5.8% during 2018-24. The government is focused on developing non-oil sectors which would shift the economical dependency of the country towards manufacturing units, and chemical & petrochemical industries. Setting up of new industries and the subsequent installation of air pollution control systems in compliance with current regulations for...