Middile East Market Research Reports - 6Wresearch

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...

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...

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...

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...

Rising Construction Activities Along with Spurring Demand for Energy Efficient Devices Would Help Thermostats, Valves & Actuators and Damper Actuators Market to Grow in Saudi Arabia - 6Wresearch Saudi Arabia government is taking initiatives towards restructuring the country's non-oil economy by investing in commercial and industrial sectors of the country. Moreover, the country's development plan such as Saudi vision 2030 would be an add on for the commencement of new projects in health sector, education, public services, building infrastructure, tourism, etc. As a result, the commercial and industrial sectors of the country are expected to register healthy growth rates during the forecast period, thereby, creating the demand for products such as thermostats, valves & actuators and damper actuators. According to 6Wresearch , Saudi Arabia Thermostats, Valves & Actuators and Damper Actuators is projected to grow at a CAGR of 2.8% during 2018-24 . With several upc...