6W In News

What's driving the US building energy management system market?
Building energy management systems, which monitor and automate energy usage across commercial and residential buildings, are expected to see rising demands in the U.S. amid various factors, chief among them rising electricity costs. That was a conclusion reached by a recent report from 6Wresearch, titled "United States Building Energy Management Systems Market (2018-2024)," which forecasts that market revenues are projected to grow at a compound annual growth rate of 12.2 percent during the forecast period. Rising electricity prices are one factor that is expected to trigger the growth in the building energy management system in... Read More
Unreliable Power Grid, Rising Commercial and Industrial Sectors to Spur Indonesia's Diesel Gensets Market
Growing energy demand due to rising population, expanding infrastructure, commercialization, industrialization and urbanization are the key factors spurring diesel genset market in Indonesia. Lack of investments in power sector has led to power shortages and lower electrification ratio in the country. Further, need to provide uninterrupted power supply on account of increasing electricity demand-supply gap have boosted diesel genset market in Indonesia. According to 6Wresearch's report, Indonesia Diesel Genset Market (2016-2022), the country's Diesel Genset market will grow at a CAGR of 6.7 percent during 2016-22. In Indonesia, telecommunication sector is the key demand driver... Read More
Unifying Communication: Ensuring Digital Transformation
In APAC, India has become the key market for unified communication solutions. According to 6Wresearch, India's unified communication market is projected to reach $1,321.2 million by 2021, growing at a CAGR of 10.2% during 2015-21. "The country's unified communication market touched $470 million in 2014. Over the next six years, market will keep growing due to surging demand for video conferencing solutions," says Rajat Kharbanda, Senior Consultant, 6Wresearch.The high demand that we see in India for these technologies is coming not only from the private sector, but also the government. To ensure better collaboration... Read More
Genetec aims to increase hold in growing Middle East market
Genetec, a leading provider of open-architecture security and public safety solutions, said it has the ability to address the Middle East region's increasing demand for state-of-the-art and highly advanced video analytics and surveillance systems. The company's confident comes following a recent industry report from 6Wresearch, a leading IT market research firm, forecasting that the UAE video surveillance segment is poised to reach $200 million in the next four years-with the Middle East segment soaring to $1.8 Billion in 2021, said a statement from the company. In a related report from Research & Markets, the global... Read More
UAE video surveillance market to hit $200m by 2021
The UAE's video surveillance market is set to reach $200 million in 2021, when the Middle East's market will reach $1.8 billion, according to a recent report by IT market research firm 6Wresearch. "CCTV has long been used to prevent crime – now the UAE government is among Middle East leaders in using CCTV for more strategic Smart City purposes that enhance quality of life, such as traffic management, crowd control at mega-events, and waste disposal," said Savitha Bhaskar, chief operating officer at Smart City consultancy Condo Protego. "Ultra-high definition CCTV recordings take up an... Read More
UAE sets 44% renewables goal for 2050
The prime minister of the UAE announced earlier this week that the nation will aim at a 44% renewable energy share by 2050, combining that with nuclear power and "clean fossil energy solutions". In a series of tweets Tuesday, Sheikh Mohammed bin Rashid al-Maktoum presented the Energy Strategy 2050. He said AED 600 billion (USD 163bn/EUR 155bn) would be invested by 2050. Apart from renewables, the strategy envisages 6% nuclear, 12% clean fossils and 38% gas. "Our aim is to balance our economic needs with our environmental goals," Rashid al-Maktoum said. The plan will integrate... Read More
UAE power cables market revenues to reach $2.5bn by 2024
The UAE power cables market revenues are projected to reach $2.5 billion by 2024, according to a new report by 6Wresearch, a global market research and consulting firm. The report, titled "UAE Power Cables Market (2018-2024)", estimates and forecasts the overall UAE power cables market by voltage rating, applications and regions. It provides an unbiased and detailed analysis of the on-going trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics. The UAE power cables market registered... Read More
UAE power cables market on course for rapid growth
Substantial investment towards mega infrastructure projects such as new high-rise skyscrapers, theme parks, state-of-the-art shopping malls and artificial islands are some of the key factors which are expected to drive the demand for power cables during 2017-23. Further, sustained economic diversification in the country would also contribute to an increase in the sales of power cables, thereby driving the growth of power cables market. However, the power cables market declined in terms of revenues in 2015 and 2016 due to fall in copper and aluminum prices. According to 6Wresearch, UAE power cables market revenues are... Read More
UAE fire safety market on track to top $665m
The UAE fire safety systems and equipment market is projected to reach around $669 million by 2021, a report said. UAE fire safety systems and equipment market is quite matured, however the market is still witnessing significant installations due to growth in construction market, explained the new report titled: UAE Fire Safety Security & Equipment Market (2015-2021) from 6Wresearch, a global leader in business research. UAE accounted for over 28 per cent share in overall GCC construction market. Additionally, increasing penetration of safety equipment in both commercial and residential verticals has further spurred the growth... Read More
3D market enters the Indian personal space
When Delhi-based product designer Surbhi Panphal, 25, gave her brother a rakhi last August, he was surprised to see a photo of the two of them on it. The rakhi had been 3D printed, for free, as part of a promotional campaign. * Finance consultant Kaustav N, 32, from Mumbai, wanted to get his wife a unique cellphone case for her new iPhone. So he had one custom-made and 3D-printed, with an image of a lion on the back. It cost him Rs 2,200. * MBA student Rahul Nath, 24, from Calcutta... Read More
UAE elevator market seen growing at 4.7pc
The elevator and escalator market in the UAE is expected to grow at a compound annual growth rate (CAGR) of 4.7 per cent during 2018-24 on the back of mega infrastructure development due to the upcoming World Expo 2020, a report said. Further, for the upcoming World Expo 2020, more than $200 billion are expected to be spent for the expansion of existing and construction of new public and private infrastructure projects, which would deploy elevators and escalators, added the report titled "UAE Elevator and Escalator Market (2018-2024)" from 6Wresearch, a global market research and... Read More
UAE economic initiatives propel public address & alarm market
According to 6wresearch, UAE Public Address and General Alarm Systems market revenues are projected to grow at a CAGR of 7.3% during 2019-25. Efforts being made by the government to diversify the energy sector along with multiple ongoing and upcoming infrastructure construction projects under the Dubai Expo 2021 and Vision 2021 initiatives are predicted by the researchers to help to propel the demand for public address and general alarm systems in the energy infrastructure domain in UAE over the years to come. The government of United Arab Emirates is implementing several initiatives such as Vision... Read More
UAE construction equipment rental market revenues to grow at CAGR (2018-24) of 3.3%
According to *Tradearabia news report, the UAE construction equipment rental market revenues are projected to grow at a CAGR of 3.3 per cent during 2018-24, according to a study. The market has registered substantial growth as a result of increasing construction activities as well as the strengthening of commercial, hospitality and residential sectors, said the 6Wresearch report. Construction sector growth is attributed to increased infrastructure spending for World Expo 2020. Further, to avoid the cost of purchasing new equipment and to evade maintenance expenses, construction companies in UAE are opting for renting the... Read More
UAE construction equipment rental market to grow 3.3pc
The UAE construction equipment rental market revenues are projected to grow at a CAGR of 3.3 per cent during 2018-24, according to a study. The market has registered substantial growth as a result of increasing construction activities as well as the strengthening of commercial, hospitality and residential sectors, said the 6Wresearch report. Construction sector growth is attributed to increased infrastructure spending for World Expo 2020. Further, to avoid the cost of purchasing new equipment and to evade maintenance expenses, construction companies in UAE are opting for renting the equipment, said the report titled "UAE... Read More
Expo 2020 'biggest growth driver for UAE'
The World Expo 2020 has emerged as the biggest growth driver of the construction market in the UAE, said an expert."With 25 million visitors expected for the forthcoming event in the country, a sharp rise in public infrastructure, hospitality, transportation, leisure and entertainment and retail is anticipated," stated Avishrant Mani, a senior research analyst at leading research and consulting group 6Wresearch.Significant growth would be exhibited especially in the areas of hospitality, transportation and leisure and entertainment. By 2016, in the UAE about 140 new hotels are expected to come up, he added... Read More
UAE Air Conditioner market to grow at a CAGR of 6.1% from 2016 to 2022: 6Wresearch
UAE is one of the prime revenue contributing countries in GCC air conditioner market, led by factors such as government initiatives and developing infrastructure on the back of World Expo 2020. As per Abu Dhabi Economic Vision 2030, the government is taking initiatives to increase the non-oil share dependency to 64% by 2030 by intensively investing in the areas of real-estate, retail, hospitality, manufacturing, infrastructure and transportation. These initiatives would drive the construction of public and private infrastructures resulting in rise in demand for air conditioners in the country. According to 6Wresearch, UAE Air Conditioner... Read More
On-Demand TV Revenues to Increase by 54 Percent
On-demand TV revenues from movies and TV shows (except revenues from other sources including sports and SVOD packages) are expected to reach USD 6 billion in 2017, up from USD 3.9 billion in 2011 and USD 2.3 billion in 2007, according to a report by Digital TV Research. It has been estimated that the United States will contribute USD 1.8 billion to the total revenue in 2017 or 30 percent of the global total, while it provided 46 percent of the total in 2007. From the additional USD 3.7 billion on-demand revenues to be... Read More
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Marmara region leads growth in Turkish surveillance market
According to 6wresearch, the Turkish video surveillance market revenues are projected to grow at a CAGR of 3.3% during 2019-25. The Turkish video surveillance market has registered a decline in demand during the last three years on the back of a halt in construction and infrastructure development projects coupled with depreciating currency resulting in surge in prices of imported goods. However, growing threat from terrorism, rising security concerns primarily theft, and domestic crimes are some of the key drivers that have propelled the growth of the video surveillance system market in the Turkey over the... Read More
Turkey video surveillance market to top $750m
Rising construction activity, increasing terrorist activities and security threats have spurred the deployment of video surveillance system in Turkey, a report said, adding that the market is projected to touch $759 million by 2021.While Turkey is featured amongst the top leading countries in adopting the IP based Surveillance system, it also accounts for largest market share in all the Middle-East video surveillance market, both in terms of revenue and volume, added the report entitled "Turkey's Video Surveillance Market (2015-2021)" by 6Wresearch, a global market research and consulting firm specializes in niche and emerging markets.... Read More