Rapid Infrastructural Development Activities Coupled With Expansion of Transmission and Distribution Network Would Drive UAE Power Cables Market Over the Next Six Years - 6Wresearch

UAE power cables market registered substantial growth in 2017 attributed to recovery in copper and aluminium prices as well as significant investment in mega infrastructure projects such as new high-rise skyscrapers, theme parks, state-of-the-art shopping malls and artificial islands. Furthermore, sustained economic diversification efforts in the country also contributed to an increase in the sales for power cables.

According to 6Wresearch, UAE power cables market revenues are projected to reach $2.5 billion by 2024. Upcoming projects such as Mohammed bin Rashid City, MBR City-District One, Barakah Nuclear Power Plant and Aljada megaproject would increase the demand for power cables in the country. Further...

Rapid Infrastructural Development Activities Coupled with Expansion of Retail & Logistics Sector Would Drive Saudi Arabia’s Cold Storage Market in the Next Six Years - 6Wresearch

Saudi Arabia cold storage market recorded decrease in demand owing to lower spending due to declining oil prices and deteriorating economic conditions during 2014-16. However, post 2017, the market is expected to regain growth, attributed to recovery of oil prices, expected increase in individual spending, expansion of retail and logistic sector and growing demand for packaged/imported food items.

According to 6Wresearch, Saudi Arabia cold storage market is projected to reach $2,572 million by 2024. Government initiatives along with rapid urbanization, and rising need for food security and preservation are likely to emerge as the key driving factors for the growth of Saudi Arabia cold storage market over the...

Rising Foreign Investment for Country’s Redevelopment Activities Coupled with the Growing Demand for IT Infrastructure Would Fuel the Growth of Iraq’s Uninterruptible Power Supply (UPS) Systems During 2018-24 - 6Wresearch

Iraq’s infrastructure redevelopment initiatives would witness significant growth in coming years on account of upcoming large-scale investments such as $30 billion fund pledged by a group of countries in Kuwait International Conference for the Reconstruction of Iraq. With the development of Infrastructure sector, demand for high KVA UPS is anticipated to increase as these products are highly used in areas such as airports, railway stations and ports. Although, due to ISIS revolt and drop in oil prices, Iraq’s growth was impacted in the past. UPS market is expected to witness healthy growth in the forecast period due to improving security situation and reconstruction...

Increasing Purchasing Power of Consumers Coupled with Growing Construction Market in Tier II and Tier III Cities Would Spur the Demand for Air Conditioners in India - 6Wresearch

Growing number of middle-class households and rising buying power would continue to accelerate the demand for room split air conditioners (ACs) in India. Increasing office and retail spaces in the country along with booming tourism and hospitality sectors are also contributing in the healthy growth of the Indian air conditioner market.

According to 6Wresearch, India Air Conditioner market revenues are forecast to grow at a CAGR of 12.2% during 2018-24. Under the new government tax regime, the Goods and Service Tax (GST), air conditioners were put in highest tax bracket, which resulted in a sudden increase in the prices, thereby affecting sales in 2017. However, Indian air conditioner market is expected to...

Industrial, Commercial Verticals and Stringent Regulations to Drive the Growth of Europe Fire Safety Systems and Equipment Market - 6Wresearch

Stringent government mandates for installation of fire safety systems in both residential and non-residential buildings are catalyzing the growth of Europe fire safety systems and equipment market. Further, construction of new buildings and renovation of existing ones are creating significant demand for fire safety equipment in the region.

According to 6Wresearch, Europe Fire Safety Systems and Equipment market is projected to grow at a CAGR of nearly 7.4% during 2018-24. Industrial segment bagged the highest revenue share in 2017, followed by commercial and hospitality verticals. Moreover, retail vertical is projected to display high growth during the forecast period as European countries are facilitating rapid set up of retail shops in the...

Government Initiatives towards Solar Pump Installations Coupled with Major Subsidy Provision by Government is anticipated to Fuel the Growth of India Solar Water Pumping Systems Market - 6Wresearch

The National Solar Mission of India is targeting 100 GW of solar energy by the year 2022, which has fueled the demand of solar powered resources in the country. India solar water pumping systems market exhibited substantial growth over the past few years. Although, the overall cost of solar water pumping systems is higher than electric and diesel pumps, however, government is providing up to 90% subsidy to the consumers in order to encourage the installation of solar water pumps in the country.

According to 6Wresearch, India Solar Water Pumping Systems Market is projected to grow at a CAGR of over 27% during 2018-24. Irrigation application contributed majority revenue share towards the...

Commercial and Industrial Applications to Drive the Growth of Global Fire Protection Valves and Fittings Market - 6Wresearch

Fire protection valves & fittings are witnessing mounting adoption by different end user applications ranging from residential households, commercial offices as well as oil & gas facilities to large industrial enterprises. Moreover, growing number of fire incidents and strict monitoring and regulation by several countries have fueled the demand for valves and fittings globally.

According to 6Wresearch, Global Fire Protection Valves & Fittings Market revenues are projected to grow at a CAGR of 7.6% during 2018-24. Burgeoning construction and energy & power sectors along with growing awareness among individuals regarding the advantages of fire protection systems would act as the key growth driver for the growth of fire protection valves and fittings market during...

Burgeoning Power Sector and Rising Investment in Transportation Infrastructure would be the Key Drivers for the Growth of Vietnam Switchgear Market - 6Wresearch

Government efforts to develop power related infrastructure to ensure 100% electrification rate in rural region of Vietnam under the National Power Development Plan VII (2011-2020) along with the strengthening of urban infrastructure including housing and transportation would increase the demand for the switchgears in the country.

According to 6Wresearch, Vietnam Switchgear market revenues are projected to grow at a CAGR of 7.1% during 2018-24. According to the Department for Economic Zones Management (DEZM), industrial parks and special economic zones in Vietnam attracted more than 850 domestic and foreign investment projects worth $12.4 billion in 2017. Stable economic growth and rising inflow of foreign direct investment in...

India Elevator & Escalator Market is projected to grow at a CAGR of 8.1% during 2017-23 – 6Wresearch

Elevator & Escalator market in India has registered growth in last few years on the back increase in number of high rise buildings, expansion and construction of airports and metros, construction of malls and hotels across the country especially in tier 1 & 2 cities, and increasing acceptance in residential sector.

According to 6Wresearch, India Elevator & Escalator Market is projected to grow at a CAGR of 8.1% during 2017-23. In the year 2016, the market declined and a similar trend is expected in 2017 due to decline in construction industry and demonetization of the Indian currency. Demonetization is likely to impact the spending, which would further affect the purchasing decisions of the end users; however, market is expected to recover in 2018.

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Growing Religious and Business Tourism, Corporate Events, and Education Sectors are likely to be the key drivers for Saudi Arabia Catering Services Market – 6Wresearch

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...