Healthy Competition and Significant Innovation to Drive the Germany E-Cigarette Market in the Midst of New Regulations– 6WresearchSince the advent of electronic cigarettes (e-cigarettes) in Germany, it has not been well accepted amongst the consumers over the past few years. The country has always witnessed strong prevalence of negative behavior towards e-cigarettes among key stakeholders in the country. However, with growing product awareness and decline in the number of smoking cessation products, gradually e-cigarettes are gaining popularity in the country.While the sale of combustible tobacco products have declined in the midst of challenging economic conditions, dropping by 7.7% in 2016 as compared to 2015, there has been a noteworthy development for Electronic Nicotine Delivery Systems (ENDS) in the German market. Presently, number of e-cigarette users have crossed the mark of 1.5...

Saudi Arabia Pillow Market to Recover with the Significant Rise in Consumer Spending - 6WresearchPillow market in Saudi Arabia declined during 2014-17 due to falling consumer spending. However, the market is expected to bounce back post 2018 with rising consumer confidence. Though, the market declined during this time period but pillow manufacturers registered growth in demand at the time of festive season as compared to the non-festive season. In last two years, Saudi Arabia witnessed rise in cost of living and decline in consumer spending attributed to government reforms, changes in indirect tax policies and wage cuts. This factor has further shifted the consumer preference from high end premium quality pillow brands to lower priced pillows. Supply of new residential and hotels declined across the Kingdom owing to delay and cancellation of several projects. Furniture sales in Saudi...

Expanding Construction Industry on Account of Upcoming Dubai Expo 2020 Coupled with Government Initiatives such as UAE Vision 2021 Would Surge the UAE Construction Equipment Rental Market By 2024UAE construction equipment rental market registered substantial growth as a result of increasing construction activities as well as strengthening commercial, hospitality and residential sectors. Construction sector growth is attributed to increased infrastructure spending for World Expo 2020. Further, to avoid the cost of purchasing new equipment and to evade maintenance expenses, construction companies in UAE are opting for renting the equipment.According to 6Wresearch, UAE Construction Equipment Rental Market revenues are projected to grow at a CAGR of 3.3% during 2018-24. Projects such as $37 billion Yas Island Development and $22 billion Masdar City which are expected to be completed by 2025...

Growing Power Demand and Increase in Electric Vehicle Sales Would Boost the Energy Storage Systems Market in Europe– 6WresearchGaining popularity of solar plus storage systems in the residential sector along with integration of renewable energy sources in grid are the key factors that would drive the energy storage systems market in Europe. However, lack of common regulatory policies across Europe is a major hurdle for the market as it is creating uncertainties among companies and investors. According to 6Wresearch, Europe Energy Storage Systems market is projected to grow at a CAGR of 14.5% by 2023. Energy Storage market is expected to witness robust growth in the forecast period on account of growing wind energy farm installations, government subsidy and declining cost of lithium based energy storage batteries. As the market is still in its early stage and with further development in...

Australia and New Zealand Elevator & Escalator Market to Grow at a CAGR of 4.4% During 2017-23- 6Wresearch

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...

India Garment Steamer Market to Witness Nearly Two Fold Revenues by 2024 - 6Wresearch

Consumers in India are becoming liberal on their spending habits as a result of increasing personal disposable income. Garment steamers are primarily used by commercial segment, however, over the past few years the product is gaining high acceptance across the household segment. The growth of garment steamer market in India is backed by surging aspirations of middle class population towards branded clothing. Garment steamers are ideal for delicate fabrics, in addition, these are also used for removing wrinkles and freshening of curtains, bed sheets, and upholsteries (seats & furniture covers). Moreover, growing product awareness, urbanization, and surging emphasis towards personal upkeep are further catalyzing the growth of garment steamer market in the country.

According to 6Wresearch, India Garment...

Lower Power (0-3 HP) Submersible Pump with DC Motor Remains the Major Growth Driver of Africa Solar Water Pump Market - 6Wresearch

Africa Solar Water Pump market had registered substantial growth in terms of number of new installations, predominantly attributed to decreasing price of PV panels and government subsidy over the past few years. Easy finance by NGO’s and government banks boosted the small scale farmer confidence which have bolstered the Africa Solar Water Pump market. In Morocco, NAMA program supports new installation of solar water pump in agriculture fields. During the forecast period, lower capacity submersible pumps with DC motor would account for majority of the market share on the back of increasing diesel price and poor availability of grid electricity in the agriculture fields.

According to 6Wresearch, Africa Solar Water Pump Market volume is expected to grow at a...

Increasing Digital Payment Solutions in India Would Drive the Growth of Blockchain Technology Across Several Applications by 2024 - 6Wresearch

Blockchain technology, popularly known as a protocol for value exchange is registering rising adoption among several applications including banking and financial services, transportation, supply chain as well as government verticals in India. The solution is gaining awareness owing to more efficient, transparent, and secured database solutions. Further, recent pilot project initiatives in Andhra Pradesh would result in greater adoption of blockchain solution in certain key states including Delhi, Madhya Pradesh, Uttar Pradesh and Punjab over the coming years.

According to 6Wresearch, India blockchain technology market is projected to grow at a CAGR of 58% during 2018-24. The market would be highly dependent on increasing growth of digital...

Switzerland and Malta are the Key Contributors in Europe Blockchain Technology Market- 6Wresearch

Europe blockchain market registered a healthy growth during 2016-17 as a result of increased government and private companies spending on developing blockchain technology infrastructure. For instance, the European government has invested more than $93.6 million in projects supporting the use of blockchain technology. Moreover, blockchain eliminates the need for middlemen, which acts as an additional factor to surge the market for blockchain technology in Europe.

According to 6Wresearch, Europe Blockchain Technology Market is expected to grow at a CAGR of 52.4% during 2018-24. Growth would be aided during the forecast period due to increasing awareness regarding utilizing blockchain solutions in various cases and need to reduce duplicity and protection from cyber-attack and malicious...

Rising Number of Cyber-Attack Incidents in the Country Coupled with Infrastructure Development Activities Would Drive the Growth of Qatar Managed Security Services Market - 6Wresearch

Growing incidents of cyber-attacks across several sectors such as energy and BFSI have resulted in increase in demand for more advanced cyber security systems in the country. Further, growing awareness regarding the need for cyber security along with the government efforts to strengthen the country’s digital infrastructure after the recent blockade in 2017 by Saudi Arabia, Bahrain, UAE, and Egypt would spur the growth of the Qatar managed security services market over the years to come.

According to 6Wresearch, Qatar Managed Security Services Market is forecast to grow at a CAGR of 47.8% during 2018-24. Rise in demand for managed security services would be majorly attributed to the increasing internet...