Posts

Middle East Power Tools Market (2018-2024)-6Wresearch

Image
Substantial Investment in Infrastructure for Major Global Events Coupled with Expansion of Industrial and Manufacturing Sectors Would Drive the Middle East Power Tools Market Over the Next Six Years - 6Wresearch Middle East power tools market witnessed a steady growth during 2014-17 led by buoyant construction activities primarily in UAE and expansion of manufacturing and industrial sectors. Oil crisis led to slowdown in the construction activities across several key markets across Middle East region primarily Saudi Arabia. Additionally, Turkey which is one of key contributors to the power tools market in the Middle East had witnessed political and economic instabilities. According to 6Wresearch , Middle East Power Tools market is projected to grow at a CAGR of 9.0% during 2018-24 . With stabilization of oil prices, government spending is expected to firm up and construction market is likely to regain momentum. Additionally, major global events such as World Expo 2020 in Dubai and...

India Self Priming Pumps Market (2018-2024)-6Wresearch

Image
Expansion of Industrial and Manufacturing Sectors Coupled with Increasing Investment in the Construction Market would Drive India's Self Priming Pumps Market Over the next six years - 6Wresearch India Self Priming Pumps market witnessed a steady growth during 2014-17 owing to increasing government initiatives to spur the residential development in the country along with rising infrastructure development and increasing farm mechanization. Further, the market is expected to witness a higher growth owing to increasing electrification of rural areas and rise in the number of industrial and residential units during the forecast period. According to 6Wresearch , India Self Priming Pumps market is projected to grow at a CAGR of 4.2% during 2018-24 . Rising population along with government Schemes such as Pradhan Mantri Awas Yojana (PMAY) to construct home for economically weaker section and Deen Dayal Upadhyay Gram Jyoti Yajnas (DDUGJY) for Rural Electrification are likely to emerge ...

Middle East Load Break Switch and Recloser Market (2018-2024)-6Wresearch

Image
Ambitious Infrastructural Projects, Upcoming Mega Events as well as Strengthening of the Power Sector Would Drive the Growth of Middle East Load Break Switch & Recloser Market During 2018-24 - 6Wresearch Investment in the existing power transmission & distribution network coupled with the development of new power infrastructure to curb the increasing power demand would drive the demand for Load Break Switch and Recloser market in the Middle East region. Further, the Middle East countries are strengthening their non-oil sectors which includes setting up of new offices, residential units, education institutes, data centers, hotels, and manufacturing facilities. These initiatives would also act as some of the key growth drivers of the Load Break Switch and Recloser Market. According to 6Wresearch , Middle East Load Break Switch and Recloser Market is projected to grow at a CAGR of 6.7% and 5.5%, respectively during 2018-24 . The Load Break Switch and Recloser market in the Mi...

Qatar Air Conditioner Market (2018-2024)-6Wresearch

Image
Rapid Infrastructural Development Activities Coupled with Expanding Consumer Base Will Drive the Growth of Air Conditioner Market in Qatar - 6Wresearch Despite slump in oil prices in 2016, Qatar economy has witnessed growth in recent years primarily attributed to development of non-oil sectors such as construction, manufacturing and financial services. Qatar's transportation and infrastructure sector registered healthy investment of around $11.54 billion in 2018 financial budget. Additionally, investment in several other projects such as development of economic zones, stadiums, hotels and other public and private infrastructures to host the FIFA World Cup in 2022 has led to the growth of air conditioner market in the country. According to 6Wresearch , Qatar Air Conditioner Market is projected to grow at a CAGR of 7.7% during 2018-24 . Demand for air conditioners in near-future is anticipated to grow owing to ongoing and upcoming construction projects coupled with rapid expansi...

Middle East Transfer Switch Market (2018-2024)-6Wresearch

Image
Infrastructure Development on Account of Upcoming Events such as Dubai World Expo 2020, Qatar FIFA World Cup 2022 as well as National Development Plans Would be the Key Drivers for the Growth of Transfer Switch Market in the Middle East Region - 6Wresearch 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 U...

Saudi Arabia Cold Storage Market (2018-2024)-6Wresearch

Image
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 coming years. In Saudi Arabia cold storage market, international players acquired domina...

Saudi Arabia Biometrics Market (2018-2024)-6Wresearch

Image
Rapid Infrastructural Development Activities Coupled with the Expansion of Hospitality & Healthcare Sector Would Drive the Saudi Arabia Biometrics Market in the Next Six Years - 6Wresearch During 2014-16, Saudi Arabia biometrics market witnessed steep drop in demand owing to declining oil prices and deteriorating economy. However, post 2017, the market witnessed growth attributed to reviving investments in various infrastructure projects, Saudi Vision 2030 along with recovery of the oil prices. According to 6Wresearch , Saudi Arabia Biometrics market revenues are projected to cross $52.9 million by 2024 . Government initiatives along with rapid urbanization, and rising need for advanced vigilance systems are likely to emerge as the key drivers for the growth of Saudi Arabia biometrics market over the coming years. In terms of domestic manufacturing, currently, the market is at a niche stage; with over 85% of the total revenues coming from foreign players. Saudi Arabia biometri...