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Most Recent Press Releases are listed first. To read the full article click on title

Government Initiatives for Economic Diversification to Drive Saudi Arabia Diesel Genset Market During 2016-22– 6Wresearch
13 September 2016

According to 6Wresearch, Saudi Arabia Diesel Genset Market is projected to grow at a CAGR of 2.24% during 2016-22. Saudi Arabia’s construction industry witnessed sharp fall in 2015-16 with majority of infrastructure projects have been cancelled, delayed or put on hold. Significant reduction in government spending was registered due to low crude oil prices, which impacted infrastructure development activities resulting into decline in diesel genset market revenues. However, with the expected recovery of crude oil prices, the diesel genset market would rebound with increasing government expenditure on infrastructure development.

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Infrastructure Development Would Drive UAE Diesel Genset Market During 2016-22 – 6Wresearch
13 September 2016

According to 6Wresearch, UAE diesel genset market is projected to touch $309.9 Million by 2022. UAE diesel genset market is anticipated to witness negative growth during 2016-17 as a result of drop in global crude oil prices. However, the market is expected to rebound post 2017 owing to upcoming World Expo 2020, which would fueled the growth of infrastructure development in the country. During the forecast period, demand for diesel gensets on rent is expected to rise specifically from construction sector.

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Thailand Diesel Genset Market to Reach $81.6 Million by 2022 – 6Wresearch
02 September 2016

According to 6Wresearch, Thailand Diesel Genset Market is projected to reach $81.6 million by 2022. The market for diesel genset witnessed sluggish demand over the past two years due to slowdown in the industrial and construction activities as a result of political instability in Thailand. However, during the forecast period, the market of diesel genset in Thailand is expected to surge owing to the new investment friendly policies and to compensate the need for providing continuous and back-up power across the country.

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South-East Asia Emerging as Key Potential Region in Asia-Pacific Elevator and Escalator Market- 6Wresearch
29 August 2016

According to 6Wresearch, South-East Asia Elevator and Escalator Market is expected to grow at a CAGR of 3% during 2016-22. Growing number of skyscrapers, increasing deployment in residential vertical coupled with declining import taxes are driving the demand for elevator and escalator in South-East Asian region. Declining import taxes has resulted in reduction of prices of various commodities including elevator and escalator components. Vietnam Ministry of Finance has reduced tariff rates to zero on 90% of the goods under the ASEAN Trade in Goods Agreement (ATIGA).

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Expansion of Industrial Sector Along With Rise in Foreign Investments Would Boost Vietnam Diesel Genset Market during 2016-22– 6Wresearch
25 August 2016

According to 6Wresearch, Vietnam Diesel Genset Market is projected to grow at a CAGR of 5.49% during 2016-22. The market for diesel genset witnessed slow growth during 2012-13 due to slowdown in FDI and construction activities on account of increasing bad debt in Vietnam which kept investors at bay. However, during the forecast period, the market for diesel genset in Vietnam is expected to surge owing to the new investment favorable policies and growing industrial & manufacturing sectors.

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