India Elevator & Escalator Market (2017-2023)
Market Forecast by Types (Elevator (Geared and Gearless and Machine Room Less) and Escalator (Moving Stairs and Moving Walkways)), Services (New Installation and Maintenance), Applications (Residential, Industrial and Commercial (Healthcare & Hospitality, Commercial Offices, Retail & Logistics, Banking & Financial Institutions, Government & Transportation and Education), Regions (West, East, North and South) and Competitive Landscape

In India, continuous construction of high rise buildings and growing government expenditure on infrastructure development have spurred wide installation of elevators & escalators. In India, elevator segment has captured major share in overall elevators & escalators market, where majority of the market installations are witnessed in areas such as residential, retail, transportation and hospitality sectors.

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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.

Major market of elevator & escalator...

Rising Investments in Power Infrastructure, Government Initiatives and Developing Commercial and Industrial Sectors would boost the Demand for Switchgears in India – 6Wresearch

With government’s focus to provide adequate power infrastructure to its citizen, power sector is expected to reflect strong growth in future. Schemes like UDAY, IPDS, DDUGJY and Power for All are the prime pillars which are expected to spur the overall power sector. According to Ministry of Power, in 2015-16 alone, around 7,108 village have been electrified which is 37% higher than past 3 years. Further, with rise of commercial and industrial sectors and initiative such as Make in India, the switchgear market is poised to continue on the path of growth in the near future.

According to 6Wresearch, India switchgear market is projected to reach $3.7 Billion by 2022. India Switchgear market is anticipated to witness...

Saudi Arabia Building Automation and Control Market to Grow at a CAGR of 9.4% During 2015-21 – 6Wresearch

Saudi Arabia’s has emerged as the key revenue generating country in Middle-East building automation and control market. Driven by need for energy management, increasing infrastructure spending, demand for advanced electronic security systems, and growing awareness have led for adoption of building automation and control systems.

According to 6Wresearch, Saudi Arabia Building Automation and Control Market is projected to grow at a CAGR of 9.4% during 2015-21. Saudi Arabia building automation market is highly fragmented where large number of domestic and international players are providing their products in the country. Rising infrastructure has played a vital role for the significant growth of the market. In construction market, Saudi Arabia leads amongst all GCC countries.

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Strengthening Regional Transmission Network Coupled with Consolidation of National Interconnects to Drive Saudi Arabia’s Switchgear Market -6Wresearch

Saudi Arabia is the leading switchgear market in GCC region attributed to large scale investments in power transmission and distribution sector along with regional interconnection of transmission networks. Further, increasing penetration of private players in power sector, growing infrastructure expansion activities in industrial and commercial verticals are some of the factors contributing to the demand for switchgear in the country.

According to 6Wresearch, Saudi Arabia’s Switchgear Market is Projected to Reach $2.9 Billion by 2022. Over the last five years, Saudi Arabia exhibited key deployment of switchgears across various verticals predominantly power utilities and industrial; nearly 28 industrial zones, 3 industrial cities and...

GCC Solar Equipment Market (2016-2022):Market Forecast by Types (Solar Photovoltaics (PV Modules, Mounting Structures, Inverters and Others) and Concentrated Solar Power (Solar Collectors and Towers, Thermal Energy Storage, Receiver and Others)), Countries (Saudi Arabia, UAE, Kuwait, Qatar, Oman and Bahrain) and Competitive Landscape

Report Description

The GCC countries are witnessing huge investments in solar sector in order to meet the growing demand for energy. Several solar power projects were awarded in last few years across the GCC region to promote power generation from cleaner sources of energy. With the expansion of solar network in GCC region, solar equipment market is set to witness robust growth over the next six years.

According to 6Wresearch, GCC Solar Equipment Market is Projected to Touch $8,852.5 Million by 2022. Saudi Arabia and UAE are the key revenue generating...

GCC Solar Equipment Market to Reach $8,852.5 Million by 2022, Acwa Power, Masdar, TKS, Solar Companies Along with Other Local Companies to be Key Market Players - 6Wresearch

Growing energy requirements, infrastructure development, decrease in global oil prices along with the increased focus on renewable sources especially solar energy are some of the key factors that would spur the demand for solar equipment in GCC region.

According to 6Wresearch, GCC Solar Equipment Market is projected to reach $8,852.5 Million by 2022. The market for solar equipment in GCC region has registered growth in last few years due to growing awareness and initiatives taken by the governments to promote power generation from solar power. During the forecast period, the market for solar equipment is anticipated to rise owing to the renewable energy targets of various GCC countries.

According to Ravi Bhandari...

Government Initiatives Coupled with Reduction in Cost to Drive India’s Solar Water Pumping System Market– 6Wresearch

Currently, 26 million agricultural pumps are installed in India of which nearly 7 million pumps are diesel based and remaining are grid connected. However, due to unreliable grid supply and increasing diesel prices, solar water pumping system offers immense opportunities to replace conventional pumps.

According to 6Wresearch, India Solar Water Pumping System Market is projected to grow at a CAGR of 18.7% during FY 2017-22. At present, solar water pumping system market in India is subsidy driven, where non-subsidized pumps accounts for marginal share in the market. The Ministry of New and Renewable Energy (MNRE) is implementing solar pumping programme through States, NABARD & other Government departments. MNRE is providing 30% capital subsidy for setting up of solar water...

India Internet of Things Market to Grow at a CAGR of 28.2% during 2016-22; Driven by Industrial Vertical– 6Wresearch

Although, Internet of Things (IoT) market in India is at its nascent stage, however in last few years, the market registered key growth backed by the increase in number of connected devices coupled with increasing internet penetration and exponential growth is anticipated in the coming years due to launch of government projects – Smart City Project and Digital India Campaign.

According to 6Wresearch, India Internet of Things Market is projected to grow at a CAGR of 28.2% during 2016-22. In India IoT market, Industrial IoT accounted for majority of the market share followed by consumer IoT. Industrial IoT segment market is registering growth on account of rise in industrial applications for increase in production. Government efforts to increase internet penetration...

Medium Commercial Vehicle an Emerging Segment in India’s Commercial Vehicles Telematics Market– 6Wresearch

India is one of the most potential markets for telematics solutions globally. Over the last four years, the country registered increased deployment of telematics solutions especially in commercial vehicle segment. Key application areas of the market include- cold chain, courier, pharma, retail and others. Presently, cold chain sector accounted for highest market share, followed by courier and others. Cold storage freight trailers are deploying telematics solutions to gather time-series data of the temperature inside the cargo container.

According to 6Wresearch, India Commercial Vehicles Telematics Market installed base is projected to reach 1.4 million by 2022. Increasing road accidents, security concerns and need for fleet management are driving the adoption of telematics...