Growing Power Demand and Increase in Electric Vehicle Sales Would Boost the Energy Storage Systems Market in Europe– 6Wresearch
Gaining 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.

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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...

Saudi Arabia a Key Market for Intrusion Detection Systems in the GCC Region -6Wresearch

Saudi Arabia’s intrusion detection market decline during 2014-16, owing to deteriorating economic conditions, primarily due to slump in oil prices and halt in several government projects in the country. Over the next six years, the intrusion detection market in Saudi Arabia is likely to register positive growth buoyed by increasing infrastructural projects, upcoming hotels & shopping malls, along with increasing inflow of FDI in the construction sector as well as set up of new large and medium enterprises.

According to 6Wresearch, Saudi Arabia Intrusion Detection market is projected to grow at a CAGR of 18.1% during 2017-23. Saudi Arabia’s Intrusion Detection market is poised to due to several key factors predominantly by the recovery of crude oil prices. Further, with the announcement of government...

Growing Construction Activities and Stringent Fire Safety Regulations Would Drive the Global Fire Safety Systems and Equipment Market – 6Wresearch

Increasing fire hazards, growing awareness towards loss from fire incidents and huge spending in construction activities globally are some of the key factors that would drive fire safety systems and equipment market globally during 2017-23. Rising urban population is spurring the infrastructure development and with strict monitoring and implementation of fire safety codes for buildings the market is set to grow globally, especially across the Middle East, Africa and Asia-Pacific regions.

According to 6Wresearch, Global Fire Safety Systems and Equipment market is projected to grow at a CAGR of 7.4% during 2017-23. North America is the largest market for fire safety systems and equipment due to huge construction spending and strict...

Premium Chocolate Segment to Post higher growth over the next six years and tier-I cities held majority of the demand in India chocolate market – 6Wresearch

India chocolate market is witnessing the trend of premiumization as a result of increasing disposable income. The country’s chocolate market recorded significant demand for premium, dark, and sugar-free chocolates. With the stimulus western culture Indian consumers are changing their taste preferences towards chocolates rather than sweets. Moreover, adulteration issues in traditional sweets, improving distribution network, attractive packaging as well as online availability of chocolates are further complementing the growth of chocolates in India.

According to 6Wresearch, India Chocolate Market is projected to grow at a CAGR of 19% during 2017-23. Although, milk chocolate segment captured majority of the chocolate market share in...

India Submersible Pumps Market is Forecast to Grow at a CAGR of 9.2% during 2017-23– 6Wresearch

Growing urbanization and industrialization as well as increasing public & private infrastructural development activities have propelled the demand for submersible pumps in India. Further, need for better and advanced water pumping solutions in several applications has also driven the growth of submersible pumps in India. Additionally, features such as low maintenance cost, energy efficient, less noise, and water proof are providing an added advantage over the traditional pumps.

According to 6Wresearch, India submersible pumps market is forecast to grow at a CAGR of 9.2% during 2017-23. Openwell submersible pumps registered major chunk of the market on account of its adoption majorly in the agriculture sector. However, with rising residential & commercial and industrial applications coupled...

Market Forecast By Technology (Electro-Chemical Energy, Mechanical Energy, Thermal (Molten Salt) and Others), Applications (Residential, Power Utilities, Commercial & Industrial and Transportation) and Countries (Germany, France, Spain, United Kingdom, Italy and Rest of Europe)

Energy Storage systems are gaining popularity in the Europe due to growing power demand, declining cost of energy storage systems and shift towards more cleaner fuels. Electro-chemical batteries are now mostly used to bridge the power demand and supply gap by storing the renewable energy and managing grid during peak hours instead of using fossil fuels.

According to 6Wresearch, Europe Energy Storage System market is projected to grow at a CAGR of 14.5% during 2017-23. However, energy storage systems market is still in its initial phase of deployment in most of the European countries on account of lack of common...

UAE Fire Safety Systems and Equipment Market (2017-2023)
Market Forecast by Types (Fire Fighting Systems and Equipment (Fire Extinguishers (CO2, Dry Chemical, Clean Agent, Foam Fire, Wet Chemical and Water), Fire Detection and Alarm Systems and Equipment (Smoke Detectors, Heat Detectors, Gas Detectors, Flame Detectors and Beam Detectors) and Emergency and Exit Lighting), Verticals (Residential, Commercial, Industrial, Hospitality, Retail and Oil & Gas), Regions (Northern and Southern) and Competitive Landscape

The newly drafted fire safety regulation in UAE was introduced in January 2017. The new guidelines highlights safety of all the individuals of the country from any kind of fire incidents causing loss of life and property. The demand for fire safety systems and equipment in UAE would continue to grow in the future on the back of infrastructure expansion and stringent regulations.

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Brazil Key Contributing Market for Elevator and Escalator in Latin America Region- 6Wresearch

Over the past few years, Latin America elevator and escalator market registered a sluggish growth in terms of number of new installations across various countries. Although, the Brazilian market contributes significantly in the overall market but was affected due to growing economic and political crisis, depreciating currency and recession. Additionally, with the change in U.S. trade policies, growth of Mexico and Argentina is likely to be affected during the forecast period. However, during the first quarter of 2017, the economy registered a positive growth for the first time in the last two years, derived from Brazil, Mexico and Argentina.

According to 6Wresearch, Latin America Elevator and Escalator Market is expected to grow at a CAGR of 6.5% during 2017-23. Increasing government spending...

Rising Mining Activities, Expansion of Public Transport Infrastructure and Oil & Gas Exploration Activities Across the World Would Drive Global E-House Market- 6Wresearch

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.

According to Ravi Bhandari, Assistant Manager, 6Wresearch, globally, oil & gas sector has netted major revenue share in the global...

Rising Security Concerns Coupled With Growing Internet Penetration Driving Video Surveillance as a Service Market in India – 6Wresearch

Video Surveillance as a Service (VSaaS) is gaining huge adoption across all the major vertical markets in India, attributed to surge in criminal activities and rising security concerns. The cost effectiveness coupled with remote access of videos via laptop, tablet and smartphones are contributing towards the acceptance of VSaaS in the country. Further, improving internet penetration is complementing the growth of VSaaS market in the country.

According to 6Wresearch, India VSaaS market is projected to grow at a CAGR of 22% during 2017-2023; Managed VSaaS segment captured majority of the market share in 2016, however, with rising adoption of cloud services, hosted VSaaS segment is expected to exhibit highest growth during the forecast period. Further...