6W In News

South-East Asia Emerging as Key Potential Region in Asia-Pacific Elevator and Escalator Market
During last five years, elevator and escalator market registered significant growth in terms of new installations across various South-East Asian countries. Surging construction market, growing government spending, infrastructural development and increasing FDIs in retail and construction sectors have led for the growth of the market. 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... Read More
Solar equipment market in GCC to grow to USD 8.85bn by 2022
The solar equipment market in the Gulf Cooperation Council (GCC) will grow to USD 8.85 billion (EUR 8.5bn) in 2022, according to a report by 6Wresearch. The UAE and Saudi Arabia are and will remain the main revenue generating countries, the market research and consulting firm says. The main factors contributing to the increasing demand for solar equipment in the region include rising energy requirements, infrastructure development, declining oil prices and a greater focus on sustainability and renewables. Solar photovoltaic (PV) equipment is seen to have the major revenue share in 2022, leaving a bit... Read More
Samsung expects double digit growth in Smart TV biz
Consumer electronic company Samsung Electronics said, the company expects a double-digit growth from its panel and Smart TV business in the country. Presently, the company enjoys around 30 per cent of the market in the panel TV segment. The company also said it will launch its first Ultra High Definition TV (UHD TV), the 85S9, with an 85-inch display screen in India in June this year. However, the company said, it has not fixed the price for the model. "We are witnessing a good growth in the panel TV business in the country.... Read More
Smart phones drive power bank market in India to make it a $ 7m market
May 31 2015: India Power Bank Market shipments value reached $6.91 million for the fourth quarter of 2014. Power Banks with 5200 MAH battery capacity captured major share of the market, followed by 10400 mAh capacity finds a study by 6Wresearch Some of the key players in the India Power Bank Market are Xiaomi, Portronics, Pebble, Croma, Envent and Intex. As many as 95 vendors shipped Power Banks in India. Xiaomi, Portronics and Croma together captured around 45% share of the market. Seven OEM's shipped above 20,000 Power Banks Says Anuj Mehrotra, Research Analyst, 6Wresearch-India... Read More
Skyworth leads Indian STB market followed by Cisco and Skynet
According to 6Wresearch, the Indian set-top box market recorded a total shipment of 55 to 58,910 units in the CY Q2 2013, a 5 percent increase to the previous quarter. Skyworth still remains the market leader with a market share of 38 percent followed by Cisco and Skynet. In CY Q2 2013, the DVB-C type of STBs experienced a growth of more than 12 percent as compared to CY Q1 2013. Moreover, the DVB-C (cable) type of STBs represents more than 80 percent of the total unit shipments for the Indian... Read More
Skyworth Remains The Market Leader For Indian STB Market
In the CY, Q2, 2013 as per 6Wresearch, the Indian set-top box market accounted for a total shipment of 55, 58,910 units, which is a five per cent increase corresponding to the last quarter. The market leader is Skyworth, followed by Cisco and Skynet. The market share of Skyworth is 38 per cent. Skynet pipped Cisco by becoming the third largest player with a market share of 10 per cent. The three companies – Skyworth, Cisco and Skynet together account for a total market share of 59 per cent. The... Read More
Skyworth leads Indian Set-top Box market in 1Q13
Skyworth emerged as the market leader in the India Set Top Box market. India registered 5.3 million units of set top boxes shipments in CY Q1 2013 Introduction of Conditional Access System (CAS), mandatory government & regulations, popularity of DTH platforms, declining prices of Set Top Boxes (STBs) are fuelling the growth of STBs in India. With government directing rules to completely digitize the entire pay TV market by 2014, the demand for STBs is expected to increase exponentially in the coming years. Evaluating the present market scenario, majority of the total... Read More
DTH set top box sales dip, Cable boxes jump in Q2
Sales of DTH set top boxes fell 45% in the quarter-ended June 2013 compared to the March quarter, while those of cable set top boxes rose 12%, according a quarterly tracker from 6Wresearch, a firm tracking the IT and communications market. Spurred by regulation that requires all cable operators to shift to a digital, addressible mode of delivering content by 2015, set top boxes are selling in large quantities. In the June quarter, a total of 5.6 million digital set top boxes were sold, with out 80% belonging to the DVB-Cable... Read More
Set Top Box market grows by 5%
6Wresearch constantly track the Indian Set Top Box (STB) market and recently have come up with the Quarterly Tracker for STB. The tracker provides Quarterly information for the total Unit Shipments of STBs in India, including details of total STB imported and manufactured in India. It also captures the unit shipment details pertaining to players, STB types, prices, etc. Total Shipments for Set Top Boxes in India amounted to 55, 58,910 units in CY Q2 2013; a 5% increase to the previous 52, 99,426 Unit Shipments of CY Q1 2013. Skyworth still remains the market... Read More
Saudi's security market continues to grow, as 111 exhibitors meet at Intersec Saudi Arabia 2019
A report released on the side-lines of Intersec Saudi Arabia by consultancy firm 6WResearch said the total spend on Saudi's commercial security, information security, homeland security and policing, physical and perimeter protection, and fire safety markets was worth US$8.5 billion in 2018. This is a five-percent increase over the previous year. Running for three days at the Jeddah Centre for Forum and Events, Saudi's foremost security, safety, and fire protection trade show targets the Kingdom's vast market which is estimated to grow at an annual compound growth rate of 7.7 percent over the next... Read More
Saudi UPS market set to grow at 4pc: study
Emerging IT/ITeS market, rising SME sector, growing data center spending as well as booming tourism and hospitality sectors will drive Saudi Arabia's UPS (uninterruptible power supply) market revenue to grow at a CAGR (compounded annual growth rate) of 4 per cent during 2017-23, a report said. With spending on data centers to grow around 10 per cent by 2019, expansion of data centers seems promising in near future, added the report titled "Saudi Arabia UPS Market (2017-2023)" from 6Wresearch, a global market research and consulting firm. Additionally, IT spending in Saudi Arabia is expected to... Read More
Saudi, UAE, lead GCC's US$1.36 billion fire safety market
Saudi, UAE, lead GCC's US$1.36 billion fire safety market Saudi Arabia and the UAE are leading the upward trend for the fire safety systems market in the Gulf Cooperation Council (GCC), as stringent government regulations fuel demand for the replacement of existing and outdated equipment. According to consultancy firm 6Wresearch, the GCC's fire safety systems market was worth US$1.36 billion in 2015, with Saudi Arabia (US$598.4 million), and the UAE (US$394.4 million) comprising 73 per cent of the regional market. The other Gulf States of Bahrain, Qatar, Oman, and Kuwait accounted for US$367.2 million (27... Read More
Saudi Thermostats Market To Grow At 2.8pc: Study
Saudi Arabia's thermostats, valves & actuators and damper actuators market is set to grow at a compound annual growth rate (CAGR) of 2.8 per cent during 2018-24, said a report from 6Wreseaerch, a global market research and consulting firm. Saudi Arabia government is taking initiatives towards restructuring the country's non-oil economy by investing in commercial and industrial sectors of the country, added the report titled "Saudi Arabia Thermostats, Valves & Actuators and Damper Actuators Market (2014-2024)". Moreover, the country's development plan such as Saudi vision 2030 would be an add on for the commencement of... Read More
Saudi: Genset rental to grow by 3.7% until 2022
The expansion of public infrastructure, government support of industry and the need to supply power in off-grid and remote areas are the key factors that have spurred the diesel genset rental market in Saudi Arabia. The diesel genset rental market declined by some 60% during 2015 and 2016 as a result of the slump in the construction industry following the depression in oil prices and its impact on public finance. However, the market has reached in nadir, and is forecast to rise out of it slump at a CAGR of 3.7%, potentially explaining the excitement... Read More
Saudi escalator market set for 7pc growth
Growing construction industry, high rise buildings and expansion of public and private infrastructure will boost Saudi Arabia's elevators and escalators market to grow at a CAGR of 7.2 per cent during 2015-21, a report said. Surging demand and increasing competition is resulting into decline in prices of elevators and escalators in Saudi Arabian market, added the report "Saudi Arabia Elevators and Escalators Market (2015-2021)" released by 6wreseach, a global market research and consulting firm. Also, growing domestic manufacturing and joint ventures of international players with domestic players have additionally slashed the prices of elevators and... Read More
Saudi diesel genset market set for further growth
After recording 'a healthy growth rate' between 2010 and 2014, Saudi Arabia's diesel genset market is predicted to grow at a CAGR of 13.55 per cent to 2021, according to a new report from analysis firm 6Wresearch. The nation leads the world in construction mega-projects and the demand for diesel gensets is tied to continuing growth in public infrastructure, industry and the retail and hospitality sectors. Increasing demand for backup and auxiliary power in remote locations will also contribute to growth. Avishrant Mani, senior research analyst with 6Wresearch, said: "During the forecast period, 85 mega... Read More
Saudi diesel genset market growth to top 13.5pc
Growing public infrastructure, industrial, retail and hospitality sectors, and the need to supply power in remote areas are expected to drive Saudi Arabia's diesel genset market to grow at a CAGR of 13.55 per cent until 2021, a report said. Energy and utilities is another contributing application in the Saudi diesel genset market, where these are required to provide auxiliary or back-up power, explained the report titled Saudi Arabia Diesel Genset Market (2015-2021) from 6Wresearch, a top market intelligence firm. Saudi Arabia is an oil producing nation and almost 90 per cent of oil extracted... Read More
Saudi circuit breaker market revenues to increase 5.9pc by 2024
Saudi Arabia circuit breaker market revenues are projected to grow at a compound annual growth rate (CAGR) of 5.9 per cent during 2018 to 2024, according to a new report by 6Wresearch, a global market research and consulting firm. The report, titled "Saudi Arabia Circuit Breaker Market (2018-2024)", provides an in-depth analysis with 76 figures and 28 tables, covered in more than 150 pages. The report estimates and forecast the overall Saudi Arabia circuit breaker market by revenue, insulation type, service type, regions and applications such as residential, commercial, industrial, power utilities and others. The... Read More
Saudi cable tray market revenues to grow 12pc
The Saudi cable tray market revenues are projected to grow at a compound annual growth rate (CAGR) of 12.1 per cent during 2018-24, according to a new report published by 6Wresearch, a global market research and consulting firm. The report titled "Saudi Arabia Cable Tray Market (2018-2024)" estimates and forecast the overall Saudi Arabia cable tray market by revenue, material, type, regions and applications such as power utilities, construction, industrial and others. It provides an in-depth analysis with 75 figures and 11 tables, covered in more than 135 pages, said a statement. The report also... Read More
Saudi Arabia's heat pump market set for solid growth
Saudi Arabia's heat pump market is poised for solid growth in the next six years with its revenues projected to grow at a CAGR (compound annual growth rate) of 2.5 per cent by 2025, said a report by 6Wresearch. Several upcoming government initiatives such as Saudi Arabia National Vision 2030, National Renewable Energy Program and National Transformation Plan 2020 are anticipated to strengthen the residential and commercial sectors in the country, paving the way for the growth of heat pump market over the coming years, according to the report. The diversification of the economy along... Read More