kuwait-elevator-and-escalator-market-share-2015-2021
Market Research Reports

6Wresearch-Kuwait Elevator and Escalator Market (2015-2021)


Market Forecast by Elevator Types (Geared and Gear Less with Machine Room Elevators, Hydraulic Elevators, and Machine Room Less Elevators) & Escalator Type (Moving Stairs Escalators and Moving Walkways Escalators), Services (New Installation, Modernization and Maintenance), Applications (Residential, Commercial and Industrial) and Regions (Kuwait City and Rest of Kuwait)

Report Description

Growing construction market, expansion of airport, building up of new hotels & malls and upcoming metro project are the few factors that have resulted in the growth of elevator and escalator market in Kuwait. Surging government expenditure on infrastructure development has impacted for their wide installation.

According to 6Wresearch, Kuwait Elevator and Escalator market is projected to grow at a CAGR of 4.5% during 2015-21. In 2014, elevator market dominated overall elevator and escalator market primarily due to revenue generation from maintenance segment. The maintenance market generated revenue from application areas such as Retail, Hospitals, Hotels, Commercial Offices/ Business Parks and Banks & Financial Institutions. However, share of escalator market is expected to increase in the forecast period owing to demand from retail and transportation applications.

The key players in Kuwait’s elevator and escalator market are namely- Kone, Otis, Schindler, ThyssenKrupp and others.

   Key Highlights of the Report
• Historical data of Global Elevator and Escalator Market for the Period 2010-2014
• Market Size & Forecast of Global Elevator and Escalator Market until 2021
• Historical data of Kuwait Elevator and Escalator Market Revenue & Volume for the Period 2010-2014
• Market Size & Forecast of Kuwait Elevator and Escalator Revenue & Volume Market until 2021
• Historical data of Kuwait Elevators Market Revenue & Volume for the Period 2010-2014
• Market Size & Forecast of Kuwait Elevator Market Revenue & Volume until 2021
• Historical data of Kuwait Escalator Market Revenue & Volume for the Period 2010-2014
• Market Size & Forecast of Kuwait Escalator Market Revenue & Volume until 2021
• Historical data of Kuwait Elevator and Escalator Application Market Revenue & Volume for the Period 2010-2014
• Market Size & Forecast of Kuwait Elevator and Escalator Application Market Revenue & Volume until 2021
• Historical data of Kuwait Elevator and Escalator Regional Market Revenue & Volume for the Period 2010-2014
• Market Size & Forecast of Kuwait Elevator and Escalator Regional Market Revenue & Volume until 2021
• Historical data of Kuwait Elevator and Escalator Service Market Revenue & Volume for the Period 2010-2014
• Market Size & Forecast of Kuwait Elevator and Escalator Service Market Revenue & Volume until 2021
• Market Drivers and Restraints
• Market Trends
• Players Market Share and Competitive Landscape

Markets Covered
The report provides the detailed analysis of following market segments:
• Elevator Types:
o Geared and Gear Less with Machine Room
o Hydraulic Elevators
o Machine Room Less Elevators
• Escalator Types:
o Moving Stairs Escalators
o Moving Walkways Escalators
• Application
o Residential
o Industrial
o Commercial
• Retail
• Hospital
• Hotel
• Commercial Offices/ Business Parks
• Banks and Financial Institutions
• Services:
o New Installation
o Modernization
o Maintenance
• Regions:
o Kuwait City
o Rest of Kuwait


TABLE OF CONTENTS
1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Methodology Adopted & Key Data Points
2.5 Assumptions & Methodology
3 Global Elevator and Escalator Market Overview
3.1 Global Elevator and Escalator Market Revenues
3.2 Global Elevator and Escalator Market Volume
3.3 Global Elevator and Escalator New Installation Market, By Region
3.4 Global Elevator and Escalator Maintenance Market, By Region
4 Kuwait Elevator and Escalator Market
4.1 Kuwait Elevator and Escalator Market Revenues (2010-2021F)
4.2 Kuwait Elevator and Escalator Market Volume (2010-2021F)
4.3 Industry Life Cycle
4.4 Opportunity Matrix
4.5 Porters 5 Forces Model
4.6 Kuwait Elevator and Escalator Market, By Types
4.7 Kuwait Elevator and Escalator Market, By Services
4.8 Kuwait Elevator and Escalator Market, By Application
4.9 Kuwait Elevator and Escalator Market, By Regions
5 Kuwait Elevator and Escalator Market Dynamics
5.1 Drivers
5.1.1 Surging Construction Market
5.1.2 Increasing IT Spending
5.1.3 Growing Construction of Skyscrapers
5.2 Restraints
5.2.1 High Cost
6 Kuwait Elevator and Escalator Market Trends
6.1 High Speed Elevators
6.2 Smart Elevators
6.3 Green Elevator and Escalator
6.4 Government Spending on Infrastructure
7 Kuwait Elevator Market
7.1 Kuwait Elevator Market Revenue
7.2 Kuwait Elevator Market Volume
7.3 Kuwait Elevator Market , By Types
7.3.1 Geared and Non Geared with Machine Room Elevators Market Overview
7.3.1.1 Geared and Non Geared with Machine Room Elevators Market Revenue
7.3.1.2 Geared and Non Geared with Machine Room Elevators Market Volume
7.3.2 Hydraulic Elevators Market Overview
7.3.2.1 Hydraulic Elevators Market Revenue
7.3.2.2 Hydraulic Elevators Market Volume
7.3.3 Machine Room Less Elevators Market Overview
7.3.3.1 Machine Room Less Elevators Market Revenue
7.3.3.2 Machine Room Less Elevators Market Volume
7.4 Kuwait Elevators Market, By Services
7.4.1 Kuwait Elevators Market Revenue, By Services
7.4.2 Kuwait Elevators Market Volume, By Services
7.5 Kuwait Elevator Market, By Application
7.5.1 Residential
7.5.2 Industrial
7.5.3 Commercial
7.5.3.1 Retail
7.5.3.2 Hospital
7.5.3.3 Commercial Offices/ Business Parks
7.5.3.4 Hotels
7.5.3.5 Banks and Financial Institutions
8 Kuwait Escalator Market
8.1 Kuwait Escalator Market Revenue
8.2 Kuwait Escalator Market Volume
8.3 Kuwait Escalator Market , By Types
8.3.1 Moving Stairs Escalator Market
8.3.1.1 Moving Stairs Escalator Market Revenue
8.3.1.2 Moving Stairs Escalator Market Volume
8.3.1.3 Moving Stairs Escalator Market Price Trend
8.3.2 Moving Walkways Escalator Market
8.3.2.1 Moving Walkways Escalator Market Revenue
8.3.2.2 Moving Walkways Escalator Market Volume
8.3.2.3 Moving Walkways Escalator Market Price Trend
8.4 Kuwait Escalator Market, By Services
8.4.1 Kuwait Escalator Market Revenue, By Services
8.4.2 Kuwait Escalator Market Volume, By Services
8.5 Kuwait Escalator Market, By Application
8.5.1 Retail
8.5.2 Commercial offices/ Business Park
8.5.3 Transportation
9 Kuwait Elevator and Escalator Market, By Services
9.1 Kuwait Elevator and Escalator New Installation Market Revenue
9.2 Kuwait Elevator and Escalator New Installation Market Volume
9.3 Kuwait Elevator and Escalator Modernization Market Revenue
9.4 Kuwait Elevator and Escalator Modernization Market Volume
9.5 Kuwait Elevator and Escalator Maintenance Market Revenue
9.6 Kuwait Elevator and Escalator Maintenance Market Volume
10 Kuwait Elevator and Escalator Market, By Application
10.1 Residential
10.2 Commercial
10.3 Industrial
11 Kuwait Elevator and Escalator Market, By Region
11.1 Kuwait City Region
11.2 Rest of Kuwait Region
12 Competitive Landscape
12.1 Players Market Share, By Revenue & Volume (2013)
12.2 Players Market Share, By Revenue & Volume (2014)
13 Company Profile
13.1 ETA-MELCO Elevator Co. LLC
13.2 Fujitec Co. Ltd. Kuwait
13.3 Hitachi Elevator and Escalator Company
13.4 Hyundai Elevators Co Ltd
13.5 Kleemann Group
13.6 Kone
13.7 Otis Elevator Company
13.8 Schindler Pars International Ltd
13.9 ThyssenKrupp Elevator Kuwait (LLC)
13.10 Toshiba Elevator Middle East
14 Key Strategic Pointers
15 Disclaimer


List of Figures
Figure 1 Global Elevator and Escalator Market Revenue, 2010-2014 ($ Billion)
Figure 2 Global Elevator and Escalator Market Revenue, 2015-21F ($ Billion)
Figure 3 Global Elevator and Escalator Market Volume, 2010-2014 (Million Units)
Figure 4 Global Elevator and Escalator Market Volume, 2015-21 (Million Units)
Figure 5 Global Elevator and Escalator Market New Installation Volume, 2013-21 (Million Units)
Figure 6 Global Elevator and Escalator Maintenance and Modernization Market Volume, 2013-21 (Million Units)
Figure 7 Global Elevator and Escalator New installation Market, By Region (2014)
Figure 8 Global Elevator and Escalator Maintenance Market By Region (2014)
Figure 9 Kuwait Elevator and Escalator Market Revenue, 2010-2014 ($ Million)
Figure 10 Kuwait Elevator and Escalator Market Revenue, 2015-2021 ($ Million)
Figure 11 GCC Construction Projects, By Countries (2014)
Figure 12 Kuwait Elevator and Escalator Market Volume, 2010-2014 (Thousand Units)
Figure 13 Kuwait Elevator and Escalator Market Volume, 2015-2021F (Thousand Units)
Figure 14 Kuwait Elevator and Escalator Market- Industry Life Cycle
Figure 15 Mark-tunity Matrix
Figure 16 Kuwait Elevator and Escalator Market Revenue Share, By Types (2014-21)
Figure 17 Kuwait Elevator and Escalator Market Share, By Revenue, By Services (2014)
Figure 18 Kuwait Elevator and Escalator Market Share , By Application (2014)
Figure 19 Kuwait Elevator and Escalator Market Share By Application (2021)
Figure 20 Kuwait Elevator & Escalators Market Revenue, By Region, 2014 & 2021 ($ Billion)
Figure 21 Kuwait Construction Industry, 2013-21 ($ Billion)
Figure 22 Construction Spending Breakdown per Sector in Kuwait (2014)
Figure 23 Kuwait IT Spending 2013-21 ($ Billion)
Figure 24 IT Spending Breakdown per Sector in Kuwait (2013)
Figure 25 Kuwait Elevator Market Revenue, 2010-2014 ($ Million)
Figure 26 Kuwait Elevator Market Revenue, 2015-21 ($ Million)
Figure 27 Kuwait Elevator Market Volume, 2010-2014 (Million Units)
Figure 28 Kuwait Elevator Market Volume, 2015-21 (Million Units)
Figure 29 Kuwait Elevator Market Share, By Types (2014)
Figure 30 Kuwait Geared and Non Geared with Machine Room Elevators Market Revenue, 2010-2014 ($ Billion))
Figure 31 Kuwait Geared and Non Geared with Machine Room Elevators Market Revenue, 2015-21 ($ Billion)
Figure 32 Kuwait Geared and Gear Less with Machine Room Elevators Market Volume, 2010-2014 (Thousand Units)
Figure 33 Kuwait Geared and Gear Less with Machine Room Elevators Market Volume, 2015-21 (Thousand Units)
Figure 34 Kuwait Hydraulic Elevators Market Revenue, 2010-2014 ($ Million)
Figure 35 Kuwait Hydraulic Elevators Market Revenue, 2015-21 ($ Million)
Figure 36 Kuwait Hydraulic Elevator Market Volume, 2010-2014 ( Thousand Units)
Figure 37 Kuwait Hydraulic Elevators Market Volume, 2015-21 (Thousand Units)
Figure 38 Machine Room Less Elevators Market Revenue, 2010-2014 ($ Million)
Figure 39 Machine Room Less Elevators Market Revenue, 2015-21 ($ Million)
Figure 40 Kuwait Machine Room Less Elevators Market Volume, 2010-2014 (Thousand Units)
Figure 41 Kuwait Machine Room Less Elevators Market Volume, 2015-21 (Thousand Units)
Figure 42 Kuwait Elevator Market Share, By Application (2014)
Figure 43 Kuwait Residential Elevator Market Revenue, 2010-2014 ($ Million)
Figure 44 Kuwait Residential Elevator Market Revenue, 2015-21 ($ Million)
Figure 45 Kuwait Residential Elevator Market Volume, 2010-2014 (Thousand Units)
Figure 46 Kuwait Residential Elevator Market Volume, 2015-21 (Thousand Units)
Figure 47 Kuwait Residential Elevator Price Point Analysis ($ Per Unit)
Figure 48 Kuwait Industrial Elevator Market Revenue, 2010-2014 ($ Million)
Figure 49 Kuwait Industrial Elevator Market Revenue, 2015-21 ($ Million)
Figure 50 Kuwait Industrial Elevator Market Volume, 2010-2014 (Thousand Units)
Figure 51 Kuwait Industrial Elevator Market Volume, 2015-21 (thousand Units)
Figure 52 Kuwait Industrial Elevator Price Point Analysis ($ Per Unit)
Figure 53 Kuwait Commercial Elevator Market CAGR, By Industry, 2010-2014
Figure 54 Kuwait Commercial Elevator Price Point Analysis ($ Per Unit)
Figure 55 Kuwait Retail Elevator Market Revenue, 2010-21 ($ Million)
Figure 56 Kuwait Hospital Elevator Market Revenue , 2010-21 ($ Million)
Figure 57 Kuwait commercial Offices/ Business Parks Elevator Market Revenue , 2010-21 ($ Million)
Figure 58 Kuwait Hotels Elevator Market Revenue, 2010-21 ($ Million)
Figure 59 Kuwait Banks & Financial Institutions Elevator Market Revenue 2010-2021 ($ Million) Figure 60 Kuwait Escalator Market Revenue, 2010-2014 ($ Million)
Figure 61 Kuwait Escalator Market Revenue, 2015-21 ($ Million)
Figure 62 Kuwait Escalator Market Volume, 2010-2014 (Thousand Units )
Figure 63 Kuwait Escalator Market Volume, 2015-21 (Thousand Units)
Figure 64 Kuwait Escalator Market Share, By Types
Figure 65 Kuwait Moving Stairs Escalators Market Revenue, 2010-2014 ($ Million)
Figure 66 Kuwait Moving Stairs Escalators Market Revenue, 2015-21 ($ Million)
Figure 67 Kuwait Moving Stairs Escalators Market Volume, 2010-2014 ( Thousand Units)
Figure 68 Kuwait Moving Stairs Escalators Market Volume, 2015-21 (Thousand Units)
Figure 69 Kuwait Moving Stairs Escalator Price Point Analysis ($ Per Unit)
Figure 70 Kuwait Moving Walkways Escalator Market Revenue, 2010-2014 ($ Million)
Figure 71 Kuwait Moving Walkways Escalator Market Revenue, 2015-21 ($ Million)
Figure 72 Kuwait Moving Walkways Escalator Market Volume, 2010-2014 (Thousand Units)
Figure 73 Kuwait Moving Walkways Escalator Market Volume, 2015-21 (Thousand Units)
Figure 74 Kuwait Moving Walkways Escalator Price Point Analysis ($ Per Unit)
Figure 75 Kuwait Escalator Market Revenue, By Application, 2014 and 2021 ($ Million)
Figure 76 Kuwait Commercial Escalator Market CCTV Market CAGR, By Industry, 2010-2014
Figure 77 Kuwait Retail Escalator Market Revenue, 2010-21 ($ Million)
Figure 78 Kuwait commercial Offices/ Business Parks Escalator Market Revenue, 2010-21 ( $ Million)
Figure 79 Kuwait Transportation Escalator Market Revenue, 2010-21 ($ Million)
Figure 80 Kuwait Elevator and Escalator Market Revenue, By Services, 2014 & 2021 ($ Million)
Figure 81 Kuwait Elevator and Escalator New Installation Market Revenue 2010-21 ($ Million)
Figure 82 Kuwait Elevator and Escalator New Installation Market Volume 2010-21 (Thousand Units)
Figure 83 Kuwait Elevator and Escalator Modernization Market Revenue 2010-21 ($ Million)
Figure 84 Kuwait Elevator and Escalator Modernization Market Volume 2010-21 (Thousand Units)
Figure 85 Kuwait Elevator and Escalator Maintenance Market Revenue 2010-21 ($ Million)
Figure 86 Kuwait Elevator and Escalator Maintenance Market Volume, 2010-21 (Million units)
Figure 87 Kuwait Elevator and Escalator Market Revenue, By Applications, 2014 & 2021 ($ Million)
Figure 88 Kuwait Residential Elevator and Escalator Market Revenue 2010-21 ($ Million)
Figure 89 Kuwait Residential Elevator and Escalator Market Volume 2010-21 (Thousand Units)
Figure 90 Kuwait Commercial Elevator and Escalator Market Revenue 2010-21 ($ Million)
Figure 91 Kuwait Commercial Elevator and Escalator Market Volume 2010-21 (Thousand Units)
Figure 92 Kuwait Industrial Elevator and Escalator Market Revenue 2010-21 ($ Million)
Figure 93 Kuwait Industrial Elevator and Escalator Market Volume 2010-21 (Thousand Units)
Figure 94 Kuwait City Region Elevator and Escalator Market Revenue 2010-2014 ($ Million)
Figure 95 Kuwait City Region Elevator and Escalator Market Revenue 2015-21 ($ Million)
Figure 96 Kuwait City Region Elevator and Escalator Market Volume 2010-21 (Million Units)
Figure 97 Rest of Kuwait Region Elevator and Escalator Market Revenue 2010-2014 ($ Million)
Figure 98 Rest of Kuwait Region Elevator and Escalator Market Revenue 2015-21 ($ Million)
Figure 99 Rest of Kuwait Region Elevator and Escalator Market Volume 2010-21 (Thousand Units)
Figure 100 Kuwait Elevator & Escalator Market Revenue and Volume Share, By Company, 2013
Figure 101 Kuwait Elevator & Escalator Market Revenue and Volume Share, By Company, 2014


List of Tables
Table 1 Ten Largest Construction Projects Underway In The Country
Table 2 Major Skyscrapers in Kuwait
Table 3 List of elevator manufacturing companies with elevators speed
Table 4 Kuwait Elevator Market Revenue, By Services, 2010-2014 ($ Million)
Table 5 Kuwait Elevator Market Revenue, By Services, 2015-21 ($ Million)
Table 6 Kuwait Elevator Market Volume, By Services, 2010-2014 (Thousand units)
Table 7 Kuwait Elevator Market Volume, By Services, 2015-21 (Thousand units)
Table 8 Standard Moving Stairs Escalator Steps Width With Application
Table 9 Kuwait Escalator Market Revenue, By Services 2010-2014 ($ Million)
Table 10 Kuwait Escalator Market Revenue, By Services, 2015-21 ($ Million)
Table 11 Kuwait Escalator Market Volume, By Services, 2010-2014 (Thousand Units)
Table 12 Kuwait Escalator Market Volume, By Services, 2015-21 (Thousand Units)
Table 13 Mitsubishi Electric Corp Financial Statement, 2010-2013 (USD Billion)
Table 14 List of Hitachi installation in Kuwait
Table 15 List of Products of Kleeman Hellas S.A.
Table 16 Kone Corp. Financial Statement, 2010-2013 (USD Million)
Table 17 Kone Installations In Kuwait
Table 18 Otis Elevator Company Financial Statement, 2010-2013 (USD Million)
Table 19 Schindler Financial Statement, 2010-2013 (USD Billion)
Table 20 ThyssenKrupp AG Financial Statement, 2010-2013 (USD Billion)
Table 21 List of Products of Toshiba Elevator Middle East


Summary

Kuwait is one of the key growing elevator and escalator markets in GCC region. Rising infrastructural development, growing urbanization, growth of hospitality and retail sectors has spurred the market of elevators and escalators in Kuwait.

In the country, the elevator and escalator market is primarily driven by Elevator segment; however, through the forecast period, elevator segment is expected to lose marginal market share to Escalators due to the growing installation of the escalators in the retail and transportation applications.

Figure 1: Kuwait Elevator and Escalator Market Revenues, 2010-2021F ($ Million)

Kuwait Elevator and Escalator Market (2015–2021)
Source: 6Wresearch

Commercial vertical accounted for the major share in Kuwait’s Elevator and Escalator Market. Commercial sector includes retail, hospital, hotel, commercial offices and banks. Further, commercial sector is witnessing maximum construction activities in Kuwait region, which would drive future growth of elevator and escalator in Kuwait.

Kuwait Elevator and Escalator Market (2015–2021) report estimates and forecast overall Kuwait elevator and escalator market by revenue, by elevator and escalator type such as geared and gear less with machine room elevators, hydraulic elevators, machine room less elevators, moving stairs escalators and moving walkways escalators, by applications and by regions. The report also gives the insights on competitive landscape, market share by companies, market trends, company profiles, market drivers and restraints.

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South East Asia Elevator and Escalator Market (2016-2022)-6Wresearch


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

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 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).

According to Prijo Samuel, Assistant Research Manager, Research and Consulting, 6Wresearch, “Commercial vertical accounted for major revenue share in the overall market. Under commercial sector, South-East Asia region is witnessing significant development activities especially in the areas of retail, hospitality and transportation. Also, increasing construction in residential vertical is further anticipated to stimulate the growth of the market in the forecast period”.

“Moreover, increasing number of foreign tourists has driven the construction of new hotels across the region, especially in Indonesia and Malaysia. On the contrary, due to political unrest in Thailand and slowdown of foreign investments in Philippines have significantly impacted government spending,” Samuel further added.

According to Shefali Goel, Research Analyst, Research and Consulting, 6Wresearch, “Amongst all market segments, new installation segment contributes a major share in the market revenues. However, with growing elevator and escalator installed base in the region, maintenance segment is expected to witness key growth over the next six years.”

“Further, Malaysia, Vietnam and Indonesia have accounted for largest revenue share in South-East Asia elevator and escalator market attributed to key construction projects in commercial vertical,” Shefali concluded.

Some of the major companies in South-East Asia elevator and escalator market include- Fujitec Co. Ltd, Hyundai Elevator Co. Ltd, Hitachi Ltd., Kone Corporation, Mitsubishi Electric, Otis Elevator, Schindler, ThyssenKrupp, and Toshiba Elevators.

“South East Asia Elevator and escalator Market (2016-2022)” provides in-depth analysis with 176 figures and 35 tables covered in more than 280 pages. The report estimates and forecast overall South-East Asia elevator and escalator market by revenue, by types, by countries, by services and by verticals such as residential, commercial, and industrial. The report also gives the insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.

South East Asia Elevator and escalator Market (2016-2022) report graph

Source Link: http://www.6wresearch.com/press-releases/south-east-asia-elevator-escalator-market-2016-2022-media-news.html

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Vietnam Diesel Genset Market (2016–2022)-6Wresearch


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

Developing public infrastructure, growing demand for power in urban and off-grid areas, increasing power needs for the industrial sector as well as booming healthcare and hospitality sectors are the key factors which are driving the market for diesel gensets in Vietnam.

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.

According to Ravi Bhandari, Research Analyst, 6Wresearch, “Small and medium rating (up to 750KVA) diesel gensets have captured major market share both in terms of revenue and volume. Further, this trend is likely to continue throughout the forecast period. Changing Government policies along with growing public infrastructures such as railways, airports and metros have led for the growth of diesel genset market in Vietnam”.

“Electronic industry is one of the fastest growing industries in Vietnam. Additionally, electronic industry is expected to grow further over the next six years as a result of huge investments done by global giants such as Samsung, Intel, LG and Panasonic.”

According to Prakhar Srivastava, Research Associate, Research and Consulting, 6Wresearch, “The industrial vertical is a key contributing vertical in the overall Vietnam’s diesel genset market. Also, the hospitality, retail and construction segments are likely to fuel the demand for diesel gensets owing to expected investments in these segments”.

“Global players such as Cummins, Mitsubishi and Caterpillar are facing stringent competition from the domestic and Chinese manufacturers, primarily in the low KVA segment due to their low pricing”, Prakhar concluded.

Some of the major companies in the Vietnam Diesel genset market include- Cummins, Caterpillar, MTU, Mitsubishi, Komatsu and Denyo.

“Vietnam Diesel Genset Market (2016–2022)” provides in-depth analysis with 53 figures and 20 tables covered in more than 130 pages. The report estimates and forecast the overall Vietnam diesel genset market by revenues, volume, KVA rating of diesel gensets and applications such as commercial, industrial and residential as well as by regions. The report also provides insights on the competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

Vietnam Diesel Genset Market (2016-2022) report graph

Source Link: http://www.6wresearch.com/press-releases/vietnam-diesel-genset-generator-market-2016-2022-power-sector-energy-kva-ratings-share-forecasts-trends-size-growth-opportunity.html

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Kuwait Air Conditioners (AC) Market (2016-2022)-6Wresearch


Kuwait Air Conditioner Market Anticipated to Grow at a CAGR of 4.45% during 2016-22 – 6Wresearch

The market for air conditioners in Kuwait has registered stagnant growth in last few years and is anticipated to remain flat during 2016-22. Further, with falling international oil prices effect on the government investments and infrastructure development can be witnessed in the country. Post 2017, oil prices are expected to recover which would add to the growth of both public & private infrastructures thereby driving the momentum of air conditioners market in Kuwait.

According to 6Wresearch, Kuwait air conditioners market is forecast to grow at a CAGR of 4.45% during 2016-22. Kuwait’s government has planned to build its infrastructures through public private partnerships (PPPs) with an investment of $116 billion, which are expected to be invested in the next five years.

According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, “in overall Kuwait’s air conditioner market, centralized air conditioner segment has captured major share of the market pie and is expected to maintain its market leadership throughout the forecast period.

Over the next six years, ducted air conditioners segment is exhibited to grow at fastest growth rate attributed to the demand for ceiling concealed and roof top packaged units,” Rajat further added.

According to Avishrant Mani, Senior Research Analyst, Research and Consulting, 6Wresearch,” expansion of airport and develop metro network are the key planned public infrastructure projects, wherein for the construction of metro alone around $20 billion would be spent.

Moreover, a new city has been proposed known as “Silk City” with an investment of $94 billion, which would host new airport, business centers, housing societies, and tourist attractions. These infrastructure expansion activities are expected to fuel the market for air conditioners in Kuwait”,Avishrant concluded.

The key players in Kuwait’s air conditioners market are namely- York, SKM, Carrier, Trane, Daikin, LG, RIC, LG, Samsung, Gree and Fujitsu General.

Kuwait Air Conditioners Market (2016-2022)” provides in-depth analysis with 43 figures and 16 tables covered in more than 120 pages. The report estimates and forecast overall Kuwait air conditioners market by revenue, volume, types of air conditioners and end user applications such as residential, healthcare, retail & commercial offices, oil & gas, government & transportation, hospitality and others. The report also gives the insights on market share by companies, company profiles, market drivers and restraints.

Kuwait Air Conditioner Market (2016-2022) report graph

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India Diesel Genset Market (2016-2022)-6Wresearch


Increasing Demand for Power from Commercial and Industrial Sector to boost India Diesel Genset Market during 2016-22 – 6Wresearch

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 power has become one of the major challenges in the country. On account of increasing electricity demand-supply gap, lack of grid connectivity and surging infrastructure in remote areas, deployment of diesel gensets on larger scale is witnessed in the country.

According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, “During last couple of years, diesel genset market in India registered sluggish growth due to improved power demand-supply situation and slowdown in industrial and construction activities especially in southern region”.

“Further, with the adoption of alternative fuel powered gensets and increasing generation of electricity from solar power affected the growth of the market during this time frame. However, in the forecast period, ‘Make in India’ campaign, smart cities project, expansion of public & private infrastructures would fuel diesel genset market in India”, Rajat added.

According to Ravi Bhandari, Research Analyst, Research and Consulting, 6Wresearch, “ In 2014, government introduced new emission norms which increased the prices of diesel gensets throughout the country. Also, with these norms, share of unorganized market declined along with the import of low rating gensets from China”.

“In India’s diesel genset market, 5 KVA-75 KVA segment has generated key revenue share in the overall market. Over the next six years, share of medium rating gensets is expected to increase on account of deployment in manufacturing sector and usage in infrastructure development activities”, Ravi further added.

States such as Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Gujarat, Uttar Pradesh, Delhi, Haryana and Bihar are generating key market demand. The major companies in India diesel genset market include- Cummins, Kirloskar, Mahindra and Caterpillar.

India Diesel Genset Market (2016-2022)” provides in-depth analysis with 88 figures and 40 tables covered in 190 pages. The report estimates and forecast overall India diesel genset market by revenue, volume, KVA rating, verticals, regions and states. The report also gives the insights on competitive landscape, market share by companies, market trends, company profiles, market drivers and restraints.

India Diesel Genset Market (2016-2022) image

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India Renewable Energy Storage Systems Market (2016-2022)-6Wresearch


Rising Need for Renewable Energy Integration coupled with Target Revision in Installed Capacity would drive India Renewable Energy Storage Systems Market by 2022– 6Wresearch

India’s Renewable Energy Storage Systems (RESS) market is in its nascent stage, where market 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 Renewable Energy Storage Systems Market is forecast to reach $3.32 billion by 2022. 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 period, solar based energy storage systems are projected to hold dominant share of the market.

Electrochemical storage technology, primarily driven by secondary batteries (Lead-acid and Lithium-ion) captured major share of the market followed by Mechanical (excluding PHS) and thermal. Further, Electrochemical technology is anticipated to continue its market dominance during the forecast period.

According to Anuj Mehrotra, Research Associate, Research and Consulting, 6Wresearch, “Utility application segment, accounted for the majority of the market share followed by Residential and Non-Residential. “

“Decreasing renewable energy storage cost, development of smart cities and parks, and expansion of renewable energy based mini–grids would be the key drivers for this market, he added.”

Biswajit Guria, Branch Manager-Kolkata, Amararaja: “India’s Renewable Energy Storage Systems market is still niche. The market is expected to experience a considerable growth due to the declining storage cost and rising government initiatives. In 2015, around 5% renewable energy is implemented in energy storage which is projected to reach in a range of 15-20% by FY 2022.”

Mandhir Bhandari, Business Development Manager, ABB India: “India market is very challenging. Despite favourable conditions of renewable energy integration, especially Solar Energy, India renewable energy storage market is very minimal. With recent government bids invitation for renewable energy storage deployment, the market would register significant growth over the next six years.”

Assistant Manager (Production), Exide Industries: “India RESS market is primarily driven by electrochemical storage technology. Further, in the forecast period, thermal and mechanical (excluding PHS) would have some impact in the market. Although, electrochemical would still maintain its market leadership.”

The key players in India’s renewable energy storage systems market are namely- Panasonic, Exide Industries, ABB, Amara Raja and AES Corporation.

India Renewable Energy Storage Systems Market (2016–2022)” provides in-depth analysis with 26 figures and 11 tables covered in 85+ pages. The report estimates and forecast overall India Renewable Energy Storage Systems market by revenue, by storage technology such as electrochemical, mechanical (excluding PHS) and thermal. The report also gives insights on price trends, market trends, competitive landscape, company profiles, market drivers and restraints.

India Renewable Energy Storage Systems Market (2016-2022) report graph

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Market Research Press Release

North Africa Air Conditioner Market (2016-2022)-6Wresearch


‘North Africa’- The Next Big Air Conditioner Market: 6Wresearch

North Africa region is emerging as key potential region in Middle-East & North Africa (MENA) air conditioners market. In North Africa’s air conditioner market, Egypt accounted for the highest revenue share in 2015, followed by Algeria and others. Key factors that have led for the growth of market includes- rising public & private investments, growing infrastructure along with increasing population and rising disposable income.

According to 6Wresearch, North Africa Air Conditioner Market is projected to grow at a CAGR of 5.55% during 2016-22. “The market for air conditioners in North Africa region declined during 2012-15 due to weak economic conditions and civil unrest in certain countries. Residential, retail, commercial and hospitality are some of the key end users where growth is expected in the coming years.

According to Avishrant Mani, Senior Research Analyst, Research and Consulting, 6Wresearch, “Egypt would remain as the leading revenue generating country in North Africa region attributed to growing investments through Public-Private Partnership business model and presence of larger base in the market. Though, the country would lead but is anticipated to remain flat throughout the forecast period.

On the other hand, Morocco would be growing at faster rate over the next six years in comparison to other countries owing to the increasing government spending on infrastructure development, growing hospitality sector and rise in number of housing projects.

While, Libya air conditioner market has declined drastically owing to ongoing civil unrest in the country and halt in major construction activities,” Avishrant further added.

According to Sathi Paul, Research Analyst, Research and Consulting, 6Wresearch, “In 2015, split air conditioner market has dominated the overall air conditioner market. VRF segment is expected to register growth in the coming years due to growth of hospitality, transportation, and retail end users.

Amongst all end-users, residential and commercial & retail are the leading revenue contributing end users in almost all North African countries. In Morocco and Tunisia, demand for air conditioner would increase in hospitality sector on the back of construction of new hotels.

The major players in North Africa Air Conditioner market include – Daikin, LG, Carrier, Trane, Midea, GREE, Hitachi, Samsung, Panasonic, York, and Sharp.

North Africa Air Conditioner Market (2016-2022)” provides in depth analysis with 197 figures and 6 tables covered in more than 320 pages. The report estimates and forecast overall North Africa air conditioner market by revenue, type segment- Room AC (Window and Split AC), Ductless (Cassette AC, Floor Standing AC and Suspended Type), Ducted (Packaged AC and Ceiling Concealed) and Centralized Air Conditioner. End Users such as residential, commercial office & retail, government & transportation, hospitality and others. The study highlights the key potential areas and provides insights on competitive landscape, company profiles, market drivers and restraints.

North Africa Air Conditioner Market (2016-2022) report graph

Source Link: http://www.6wresearch.com/press-releases/north-africa-air-conditioner-ac-market-hvac-market-research-report-forecast-share-trends-size-growth-opportunity-mena.html

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India Solar Rooftop Systems Market (2016-2022)
Market Research Press Release

India Solar Rooftop Systems Market (2016-2022)-6Wresearch


Surging Investments, Government Subsidies & Initiatives and Growing Awareness Driving the Market for Solar Rooftop Systems in India – 6Wresearch

India’s energy mix is witnessing significant changes due to the adoption of renewable sources of power. Although, share of renewable energy is low, but it offers immense growth opportunities to the market players. Amongst all renewable energy sources, solar energy is emerging as one of the most promising segments. Factors such as better space optimization, inclusion of net-metering and attractive subsidies by state nodal agencies are expected to fuel the India Solar Rooftop Systems Market.

India’s solar rooftop systems market is anticipated to grow on the back of government initiatives, subsidies, investments and consumer awareness. The government has set a target of 40 GW of power generation through solar rooftop systems by 2022. However, in spite of such aggressive push, the India Solar Rooftop Systems market cumulative capacity installations is expected to reach 26.57 GW by 2022, which is exhibited to drive the market in the forecast period.

According to 6Wresearch, India Solar Rooftop Systems Market revenue is projected to grow at a CAGR of 31.92% during 2016-22. In terms of new capacity installations, commercial & industrial end user application has captured key share of the market pie. In 2015, On-Grid solar rooftop systems accounted for majority of the market revenues; however, due to increasing number solar rooftop projects in rural areas, higher growth is expected in off-grid market.

According to Pulkit Shrivastava, Research Associate, 6Wresearch, “government is aggressively taking measures to push the adoption of these systems by announcing lucrative subsidies. In 2015, Cabinet Committee on Economic Affairs (CCEA) sanctioned $750 million funding in order to provide 30% capital subsidy for rooftop solar installations.

However, high investment and maintenance cost of solar rooftop systems remains a major constraint, which is hindering the exponential growth of the market. ”

“In India’s solar rooftop systems market, CAPEX business model is primarily followed, however, shift in trend towards OPEX Model is expected due to high upfront capital requirement for installing of solar rooftop systems.” Pulkit further concluded.

Suhas Pansare, Vice President, RelyOn Solar Pvt. Ltd. (One of the key player in this industry) said, “Industrial and commercial segment is gaining more confidence in the solar rooftop systems as they are able to save more than INR 6/unit for a CAPEX model in a 25 year horizon. Also, the market is experiencing a tremendous boost from government sector due to growing implementation of solar rooftop systems in PSUs including railways.”

The major states that contributed to the major chunk in the India’s Solar Rooftop Systems Market include – Tamil Nadu, Gujarat, Maharashtra, Punjab, Karnataka and Uttar Pradesh. Additionally, the key players in India Solar Rooftop Systems Market are Tata Power, CleanMax, Vikram Solar, Thermax, RelyOn, Moser Baer Solar etc.

India Solar Rooftop Systems Market (2013-2022) provides in-depth analysis with 60 figures covered in more than 100 pages. The report estimates and forecast overall India Solar Rooftop Systems Market by revenue, capacity installed, business models, connectivity type, end users and states. The report also gives the insights on competitive landscape, market share by companies, company profiles, market drivers and restraints.

India Solar Rooftop Systems Market (2016-2022) report graph

Source Link: http://www.6wresearch.com/press-releases/india-solar-roof-top-systems-market-2013-2022-share-forecasts-cosmic-energy-panel-renewable-sources-media-news.html

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