The market for transfer switch has registered substantial growth in Middle East region as a result of growing technological precision favored by rapid commercialization as well as escalating industrial expenditure. These factors have increased the demand for a reliable and safe operating environment. Further, economic diversification plans and expansion of power infrastructure across the region would also surge the transfer switch market over the next six years.

According to 6Wresearch, Middle East Transfer Switch Market is projected to grow at a CAGR of 4.8% during 2018-24. The growth would be aided by the government efforts to strengthen the country’s non-oil sectors. Under the Saudi Vision 2030, Kuwait Vision 2035 and UAE Vision 2021, construction of new hotels, education institutes, retail outlets, industrial spaces and power plant projects are anticipated to commence over the...

Post 2014, construction equipment market in the Middle East region witnessed sluggish growth on account of the crude oil price crash. The demand for construction equipment is directly dependent upon the infrastructural projects, which was majorly impacted during 2014-18. However, the construction equipment market in Middle East region is expected is regain momentum due to recovery of crude oil prices, diversification of the economy and government supported infrastructural development projects including hospitals, offices, retail, educational institutions and malls in the region. Moreover, upcoming events such as Dubai Expo 2020 and Qatar FIFA world cup 2022 has resulted in increase in construction activities in UAE and Qatar. As a result, the market is expected to witness substantial rise during the forecast period.

According to 6Wresearch, Middle East Construction Equipment market...

According to 6Wresearch, Myanmar Diesel Genset market revenues are projected to grow at a CAGR of 3.0% during 2018-24. Implementation of the new Myanmar Investment Law, development of special economic zones (SEZs) in Thilawa, Dwei and Kyaukpyu regions of Myanmar along with government initiatives to attract foreign investment has created a favorable business environment in the country. Ambitious plans such as the National Transport Plan 2030 and the National Tourism Plan 2013-20 would further drive the demand for diesel gensets in the country during 2018-24.

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Lack of local manufacturing capabilities in majority of the African countries is driving international players from China, India, Turkey, Korea and European countries to capture Africa’s concrete batching plants market with their competitive price offerings, enhanced quality and strong distribution network.

According to 6Wresearch, Africa Concrete Batching Plant market is projected to reach $35.6 Million by 2023. Batching plant market is anticipated to register substantial growth during the forecast period on account of increasing demand to bridge the infrastructural gap in the residential sector, power utilities and manufacturing industries. However, slump in average selling price as a result of intense competition among companies has affected the total revenue generation.

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According to Ravi Bhandari, Assistant Manager, 6Wresearch...

Expansion of public infrastructure, government policies to support establishment of new industries and large scale investments in the power and water utility sectors are the key drivers for the growth of electric motor market in Saudi Arabia. However, the market volume declined in 2016 due to lower government spending as a result of budget deficit on the back of falling crude oil prices.

According to 6Wresearch, Saudi Arabia electric motors market revenues are projected to grow at a CAGR of 5.3% during 2017-23. Growing petrochemical and chemical industry, increasing investments in infrastructure projects along with increasing water & electricity consumption owing to rising population are some of the factors which would drive the Saudi Arabia electric motor market in the forecast period. Further expansion of the non-oil sector would also fuel the market over the next six years.

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Increasing offshore oil & gas exploration activities, growing mining sector and large scale investments in the expansion of railways network and infrastructure development are the major factors that would drive the market of E-House across the globe.

According to 6Wresearch, Global E-House Market Volume is projected to grow at a CAGR of 8.5% during 2017-23. Development of smart grids and establishment of nuclear and renewable energy power plants, along with offshore oil & gas exploration and construction of rail freight corridors are anticipated to drive the demand for E-House globally.

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According to Ravi Bhandari, Assistant Manager, 6Wresearch, globally, oil & gas sector has netted major revenue share in the global market and is projected to dominate in the forecast period as well. Demand for E-Houses in power utilities and...

Government incentives along with several upcoming solar power plants in Malaysia would accelerate the demand for solar inverters over the years to come. Additionally, government subsidies and schemes such as Feed in Tariff and Net Metering are expected to further boost the demand for solar inverters in the residential and commercial verticals in Malaysia.

According to 6Wresearch, Malaysia Solar Inverter market revenues are forecast to grow at a CAGR of 7.0% during 2018-24. The government of Malaysia, under the National Renewable Energy Policy and Action Plan, aims to achieve 2,080 MW of renewable energy by 2020. Additionally, the country is nearer to the equator with high solar energy potential of 4,500 kWh m-2 average solar radiation per day, which makes Malaysia more suitable for the utility scale solar power projects.

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According...

Poorly managed water pipelines across majority of the African region has led to a continuous fall in the quality of water which in turn increases the risk of water borne diseases. As a result, the demand for water purifiers in Africa is expected to register a healthy growth especially in countries such as South Africa and Nigeria during the 2017-23. Additionally, increasing expenditure of middle and upper class households would further drive the water purifier market in Africa. However, lack of awareness among the masses regarding water purifiers in general is likely to act as a hindrance for the growth of overall market.

According to 6Wresearch, Africa POU Water Purifier Market revenues are projected to grow at a CAGR of15.7% during 2017-23. South Africa, Nigeria and Egypt are the major revenue generating countries and are witnessing increasing demand for POU water purifiers in the...

Burgeoning gaming industry, increasing penetration of online games, FDI in retail and commercial sectors along with surge in penetration of AR and VR technology in the automotive industry especially for research and development applications are few key factors which have fueled the growth of UAE augmented and virtual reality market. UAE market is projected to record sound growth over the next 10 years on the back of progressive acceptance of AR and VR technology in retail and commercial sectors.

According to 6Wresearch, UAE Augmented and Virtual Reality market is expected to grow at a CAGR of 55% during 2017-23. In UAE augmented and virtual reality market, head mounted display accounted for majority of the share on the back of growing demand in the gaming industry. UAE gaming industry registered around 16 times growth over the last 10 years and is expected to grow at a steady rate in...

Growing Construction and Power Utilities Segments to Drive the Growth of India Cable Tray Market During 2018-24- 6WresearchNumerous ambitious initiatives have been put in effect by the Indian government to drive the development of several domestic sectors over the coming years. The Smart Cities Mission, Make in India Campaign, Saubhagya Scheme as well as the Housing for All 2022 are some of the plans in place that would help in the expansion of the power utilities, manufacturing and public infrastructure verticals in the country. The cable tray market, being an ancillary industry, would thus experience a healthy growth during the forecast period owing to strengthening of these auxiliary sectors. However, the demand for metal-based cable trays might be stunted by the ever-fluctuating prices of crude steel.According to 6Wresearch, Indian Cable Tray Market revenues are projected to grow at...