6W In News

Saudi Arabia UPS systems market to grow by 4.5pc
Saudi Arabian uninterruptible power supply (UPS) systems market revenues are projected to grow at a compound annual growth rate (CAGR) of 4.5 per cent during 2018 to 2024, according to report by 6Wresearch, a leading market intelligence and advisory centre. Significant growth in the IT and SME sectors of the country along with an expected increase in data centre spending over the next few years would be the key driving factors behind the growth of UPS systems market in the kingdom, said the report titled "Saudi Arabia Uninterruptible Power Supply (UPS) Systems Market (2018-2024)". The... Read More
Saudi Arabia Switchgear Market (2016-2022)-6Wresearch
Saudi Arabia is the leading switchgear market in GCC region attributed to large scale investments in power transmission and distribution sector along with regional interconnection of transmission networks. Further, increasing penetration of private players in power sector, growing infrastructure expansion activities in industrial and commercial verticals are some of the factors contributing to the demand for switchgear in the country. According to 6Wresearch, Saudi Arabia's Switchgear Market is Projected to Reach $2.9 Billion by 2022. Over the last five years, Saudi Arabia exhibited key deployment of switchgears across various verticals predominantly power utilities and industrial;... Read More
Saudi solar panel market 'to grow at 30pc CAGR'
New projects such as $200-billion 200 GW solar power plant and the $130-million Al Khafji solar-powered water desalination plant would drive Saudi Arabia's solar panel market to grow at a CAGR (compound annual growth rate) of 30.2 per cent during 2018-24, a report said. Additionally, in the FY2019 national budget, the Saudi government has allocated $7 billion for the development of renewable energy projects, added the study titled "Saudi Arabia Solar Panel Market (2018-2024)" from 6Wresearch, a global market research and consulting firm. This significant spending on renewable energy projects would also drive the growth... Read More
Saudi Arabia's switchgear market is projected to reach $2.9 billion by 2022
Research report explores the Saudi Arabian switchgear market from 2016 to 2022 . Over the last five years, Saudi Arabia exhibited key deployment of switchgears across various verticals predominantly power utilities and industrial Strengthening Regional Transmission Network Coupled with Consolidation of National Interconnects to Drive Saudi Arabia's Switchgear Market -6Wresearch Saudi Arabia is the leading switchgear market in GCC region attributed to large scale investments in power transmission and distribution sector along with regional interconnection of transmission networks. Further, increasing penetration of private players in power sector, growing infrastructure expansion activities in industrial and commercial... Read More
Saudi Arabia Building Automation & Control Market (2015-2021)-6Wresearch
Saudi Arabia's has emerged as the key revenue generating country in Middle-East building automation and control market. Driven by need for energy management, increasing infrastructure spending, demand for advanced electronic security systems, and growing awareness have led for adoption of building automation and control systems. According to 6Wresearch, Saudi Arabia Building Automation and Control Market is projected to grow at a CAGR of 9.4% during 2015-21. Saudi Arabia building automation market is highly fragmented where large number of domestic and international players are providing their products in the country. Rising infrastructure has played a vital... Read More
Saudi Arabia building automation and control market to achieve 9.4% CAGR during 2015-21
Based on 6Wresearch's new report, "Saudi Arabia Building Automation and Control Market (2015-2021)", Saudi Arabia building automation and control market will grow at a CAGR of 9.4% during 2015-2021. The country's building automation market is highly fragmented where large number of domestic and international players is providing their products in the country. Rising infrastructure has played a vital role for the significant growth of the market. In construction market, Saudi Arabia leads among all GCC countries. According to Rajat Kharbanda Senior Consultant, Research and Consulting, 6Wresearch, "Residential, hospitality and healthcare, and retail are the major... Read More
Saudi AC market set for 3.1pc growth by 2024
Saudi Arabia's air-conditioner market is poised for solid growth over the next six years registering a CAGR (compound annual growth rate) of 3.1 per cent during the 2018-24 period, said a report by 6Wresearch. The kingdom is one of the biggest and most promising markets for air-conditioners in the GCC region, predominantly due to its geography, climate, high per capita income as well as rapid growth in population, stated the research company in its "Saudi Arabia Air Conditioner Market (2018-2024)" report. The country had experienced a decline in the air conditioner market primarily due to... Read More
Russia CCTV Market (2015-2021): Market Forecast By Type, Software, By Components (Cameras), DVR/NVR, Encoders/Decoders, By Verticals (Government & Transportation, Banking & Financial,
In Russia's CCTV market, IP based CCTV systems have prominently fueled the growth of the overall market. Growing awareness and increasing demand for higher security cameras in Russia have become the key driving factors for the growth of market. Terrorist attacks, sports events and rising criminal activities are the other factors that have resulted in the demand for reliable and intelligent security systems. Additionally, with upcoming FIFA World Cup, huge investments are expected to be witnessed for the expansion and construction of new public and private infrastructures, which would drive the need for the installation... Read More
Rural India can give M2M critical push
NEW DELHI--The Indian government and local telcos should work together to drive large-scale deployments of machine-to-machine (M2M), which can enhance the life of residents living in villages while bringing more revenues for telcos. M2M holds tremendous potential for rural India, noted David Ranjit William, assistant vice president of engineering, carrier services and solutions, Aricent group. "In rural India, M2M will ensure optimal utilization of limited resources like water and energy, and provide better healthcare and education services to rural masses through remotely managed applications," William said. Moreover, with the voice market getting saturated... Read More
Rising Need for Renewable Energy Integration to Drive India RESS Market
India's renewable energy storage systems (RESS) market is in its nascent stage, where it is mainly driven by government initiatives and industrial applications. In the coming years, the market is expected to register substantial growth; however, high implementation cost is still hindering the market to reach its upmost potential. According to 6Wresearch, India's RESS market is forecast to reach $3.32 billion by 2022. The Indian government has revised its renewable energy installed capacity target to 175 GW by 2022, which is expected to fuel the market for the renewable energy storage systems. In the forecast... Read More
Rising Construction Industry - Core Pillar of UAE Air Conditioners Market
Increasing construction activities in the country with the expansion of airports, metros, growing hospitality sector coupled with increasing investments on account of upcoming World Expo 2020 are few of the factors which have resulted into the growth for air conditioners across UAE. According to 6Wresearch, UAE air conditioners market is estimated to reach $1,019 million in 2015. During 2010-12, UAE air conditioners market recorded sluggish demand for air conditioners due to weaker economic conditions, depreciating US Dollars, declining oil prices, and low investments in the country. However, in 2013, the market recovered significantly but remained... Read More
Rise in the market for video surveillance
According to 6Wresearch, the market for video surveillance in India is projected to reach $2.4 billion by 2020 The growing use of video surveillance systems in sectors such as hospitality, banking and financial, government, transportation, education and retail has created huge growth opportunities for the manufacturers, distributors and system integrators in this industry. According to 6Wresearch, the market for video surveillance in India is projected to reach $2.4 billion by 2020. In India's video surveillance market, analogue video surveillance market has captured a major share of the pie due to low cost and ease... Read More
Research report explores Australia & New Zealand's elevator & escalator market
Australia and New Zealand Elevator & Escalator Market to Grow at a CAGR of 4.4% During 2017-23- 6Wresearch Over the last three years, owing to economic slowdown, decline in exports coupled with depreciating currency resulted in the overall slowdown of government spending towards several infrastructure development & construction projects in both Australia and New Zealand. Thus, affecting the number of new installations of elevators and escalators in the region during 2014-16. However, during the last quarter of 2016, the market witnessed a surge in construction projects due to increasing FDIs especially in Australia's retail and... Read More
Has RBI's Ban On Bitcoin Killed The Future of Cryptocurrency In India?
While it is still too early to comment on the demise of cryptocurrency in India, the technology will only take off after the Government's intervention and regulatory policies are put in place. Tina Singh, Chief Digital Officer at Mahindra Finance, who is chairing the committee emphasised that blockchain is the technology of future and will usher in decentralisation, trust and accountability in business. Interestingly, RBI's technology research unit, known as Institute for Development and Research in Banking Technology (IDRBT) is also finding out how blockchain can be leveraged by the Indian banking and financial... Read More
Qatar air-conditioner market growth to top 13pc
Qatar's air-conditioner market is projected to grow at a CAGR of 13.42 per cent during 2015-21 with the big boost coming from the 2022 Fifa World Cup, a report said. The country is renovating and building new stadiums and would also be installing very powerful air-conditioners in entire stadiums to enhance the ambient temperature during the international sporting event, explained the report entitled Qatar Air Conditioner (2015-2021) released by 6Wresearch, a global market research and consulting firm. The country has planned to build nine new stadiums and upgrade three stadiums. Upgradation and construction of new... Read More
Infrastructure to drive Qatar's access control market
The massive infrastructure development owing to upcoming Fifa World Cup 2022 as well as increasing security and IT spending will drive Qatar's access control market to grow at a CAGR of 12.52 per cent during 2015-21, a report said. To build the infrastructure for the mega event, a whopping $300 billion would be invested in the country across various sectors. To improve the security for these rising infrastructures, demand for security systems such as access control systems is exhibited to increase, according to the report entitled "Qatar's Access Control Market (2015-2021)" from 6Wresearch, a global... Read More
Powering India with new power generation technologies
Among two verticals in the power generation industry, transmission and distribution has a larger market size out of the two. The Indian transmission and distribution equipment market is expected to reach around $74 billion by 2020, says Priya Sharma, Senior Research Analyst, Research and Consulting, 6Wresearch. India is a land of many geographical features, from the mountain of the Himalayas in the north, to the desert land of the west, to the relatively unexplored terrains of the North-East. While these very features have made providing power to all parts of the country a cumbersome task... Read More
Power Rental Market in Saudi Arabia is Expected to Register Growth In-spite of Declining Oil Prices
With plunging oil prices in the international market, impact on economies of many countries can be witnessed globally. However, this has not affected much to Saudi Arabia to restrict its investments in various construction projects. Although, effect on growth in investments can be recorded for the next 2-3 years, but due to country's rich cash reserves, infrastructure development is anticipated especially in areas such as public infrastructure, utilities, healthcare, and education. According to 6Wresearch, Saudi Arabia power rental market is forecast to grow at a CAGR of 12.6% during 2015-21. Growth in construction industry, emerging... Read More
Increasing Demand for Power to boost India Diesel Genset Market during 2016-22
India Diesel Genset market to witness growth owing to infrastructure expansion, establishment of new industries and changing business environment in the country. Strong economic growth coupled with power deficits in many parts of the country would foster the demand for diesel gensets over the forecast period. Also, growing number of telecom towers in the country are expected to boost the diesel genset market. According to 6Wresearch, India diesel genset market is forecast to grow at a CAGR of 6.64% during 2016-22. Over the years, demand for power has increased tremendously in India. Requirement for continuous... Read More
Post Removal of International Sanctions- Iran Construction Equipment Market is All Set to Record Key Growth - Dubai Chronicle
Iran is one of the most potential and untapped markets in the Middle-East region. Iran market declined sharply during 2012-15 due to the imposition of the US Sanctions. These sanctions resulted in slowdown of the economy and devaluation of Iranian currency, which affected several construction projects in the country. However, in 2016, the market is exhibited to regain its momentum on the back of removal of sanctions and expected investments inflow in the country. With these developments, the construction industry is likely to revive, which would create the demand for construction equipment. According to 6Wresearch,... Read More