India Solar Inverter Market (2018-2024)-6Wresearch


Government’s Target to Attain 100 GW Solar Energy by 2022 is Driving the Growth of Solar Inverter Market in India – 6Wresearch

Power sector in India is witnessing a radical change on account of government’s move towards power generation via renewable energy resources. Increasing electricity consumption and surging awareness towards environment are together helping the country towards utilization of green energy resources, especially solar. Moreover, solar inverter market is exhibiting immense growth over the past few years owing to surging implementation of solar energy projects in the country. Additionally, National Solar Mission, aiming to achieve 100 GW of solar energy by 2022 has further fueled the solar inverter adoption and is anticipated to increase the market in proportion with uprising solar industry in India.

According to 6Wresearch, India Solar Inverter market is projected to grow at a CAGR of over 25% during 2018-24. Among different types of solar inverters, central solar inverter bagged maximum revenue share in 2017 owing to its significant deployment across large scale utility solar projects in the country. However, during the forecast period, string solar inverters are anticipated to exhibit highest growth rate attributed to rising demand among residential and commercial solar installations for its smaller size and high power density.

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According to Anuj Mehrotra, Senior Research Analyst, Research and Consulting, 6Wresearch, “Currently, India Solar Inverter market is primarily driven by utility grade projects majorly ranging from 2 to 100 MW capacity and above. Further, commercial solar installations across educational institutes, airports, railways, corporate offices, and other commercial buildings are anticipated to exhibit highest growth during the forecast period.”

“Increasing electricity prices, rising investment in smart cities, and increasing awareness among consumers have further led to the expansion of solar inverter market in the country,” Anuj concluded.

According to Suman Gautam, Research Associate, Research and Consulting, 6Wresearch, “To meet the growing energy demand, India is witnessing rapid growth in solar installations. Residential consumers are significantly adapting to solar power systems owing to rising electricity prices. Also, surging solar roof top and off grid systems are further propelling the demand for solar inverters in the country.”

“In addition, through subsidies and incentives, government is making remarkable efforts to utilize the solar power capacity in the country. Also, government’s focus towards smart cities development is likely to contribute to solar energy adoption which would increase the demand for solar inverters in the country,” Suman added.

Some of the major companies in India Solar Inverter market include- ABB India Ltd, SMA Solar India Pvt. Ltd, Delta India Electronics Pvt. Ltd, Chint Electric India Pvt. Ltd, Schneider Electric India Pvt. Ltd, Hitachi Hi-Rel Power Electronics Pvt. Ltd, and Toshiba Mitsubishi-Electric Industrial Systems Corporation.

“India Solar Inverter Market (2018-2024)” provides in-depth analysis with 40 figures and 12 tables covered in 110+ pages. The report estimates and forecast the overall India Solar Inverter market by types, system type, end users, power rating, and regions. The report also offer insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

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UAE Construction Equipment Rental Market (2018-2024)-6Wresearch


Expanding Construction Industry on Account of Upcoming Dubai Expo 2020 Coupled with Government Initiatives such as UAE Vision 2021 Would Surge the UAE Construction Equipment Rental Market By 2024

UAE construction equipment rental market registered substantial growth as a result of increasing construction activities as well as strengthening commercial, hospitality and residential sectors. 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.

According to 6Wresearch, UAE Construction Equipment Rental Market revenues are projected to grow at a CAGR of 3.3% during 2018-24. Projects such as $37 billion Yas Island Development and $22 billion Masdar City which are expected to be completed by 2025 would increase the demand for construction equipment. Moreover, Dubai overall budget has been increased by nearly 20% for upcoming World Expo 2020 from $13.1 billion (AED 47.31 billion) in 2017 to $15.5 billion (AED 56.6 billion) in 2018. Out of this budget, around 21% was allocated to infrastructure development. With increasing infrastructure spending, the rental equipment market would also witness growth over the coming years.

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According to Ravi Bhandari, Assistant Manager, 6Wresearch, “Earth Moving equipment is the key revenue contributing segment in the UAE construction equipment rental market on account of their high utilization at construction sites”

“Other major equipment includes cranes and material handling equipment. The market for these equipment are expected to spur on account of infrastructure development in the country,” Ravi further added.

According to Vikrant Tomar, Research Associate, Research and Consulting, 6Wresearch, “By regions, Dubai contributes highest revenue share in UAE construction equipment rental market and is projected to maintain its dominance during the forecast period on the back of massive investment in hospitality and transportation sectors under Dubai’s tourism vision 2020.

“With leading players enlarging their fleets with new and innovative products, the market for construction equipment rental would grow over the next six years,” Vikrant further added.

Some of the major companies in UAE Construction Equipment Rental Market include- Mohammed Abdulrahman Al- Bahar, Al Faris Equipment Rentals LLC, Al Mutawa, and Al Jaber Leasing Service LLC.

“UAE Construction Equipment Rental Market (2014-2024)” provides in-depth analysis with 81 figures and 59 tables covered in more than 190 pages. The report estimates and forecast the overall UAE Construction Equipment Rental market by revenues, equipment types, applications such as construction and others as well as regions. The report also offer insights on competitive landscape, company profiles, market drivers and restraints.

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About 6Wresearch

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

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UAE 3D printing Market (2018-2024)-6Wresearch


Dubai 3D Printing Strategy Coupled With Government’s Plan to Make UAE as a 3D Printing Hub by 2030 Would Drive the Growth of 3D Printing Market – 6Wresearch

After the introduction of ‘Dubai 3D Printing Strategy’ in 2016, 3D printing market in UAE exhibited healthy growth. Also, government’s agenda to make UAE a global hub for 3D printing is further adding to the growth of the market. Further, increasing investment from both government and private sectors along with initiatives for increasing awareness regarding the technology and its areas of application would propel significant growth of the market.

According to 6Wresearch, UAE 3D Printing market is projected to grow at a CAGR of around 60% during 2018-24. In UAE 3D printing market, binder jetting technology accounted for highest revenue share due to its growing demand in architecture sector for architectural modelling. With upcoming new construction project contracts worth $160 billion in UAE the architecture sector is expected to witness significant growth which would increase the demand for binder jetting technology during the forecast period. Additionally, in terms of revenue generation, fused deposition modelling is the second most widely used technology due to its low prices.

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According to Rishi Malhotra, Senior Research Analyst, Research and Consulting, 6Wresearch, “In 2017, the architecture sector generated highest revenue in UAE 3D printing market. UAE’s surging construction sector including several infrastructure, residential and commercial sector projects buoyed the growth of architectural modelling.

Additionally, within 3D printing industry, the UAE government is largely focusing on infrastructure, legislative structure, funding, talent, and market demand in key sectors such as medical, construction & consumer products. In the construction sector, the government is targeting to 3D print 25% of every new building in Dubai by 2030,” He further added.

According to Kanchan Negi, Research Associate, Research and Consulting, 6Wresearch, “UAE 3D printing is a niche market with only few 3D printing service bureaus profoundly involved in 3D printing services. In terms of regions, Dubai accounted for the highest revenue share due to presence of highest number of 3D printing service bureaus.”

Moreover, during the forecast period, the share of Dubai would further increase due to upcoming 3D printing regulations and also the existing players in this region would be expanding their current market shares. Additionally, other emirates especially Abu Dhabi are likely to expand their business operations during the forecast period, however, the share of these regions would not be increasing at the same rate due to faster growth pace in Dubai,” Kanchan Concluded.

Some of the key players in UAE 3D printing market include-Immensa Technology Labs, Generation 3D LLC, 3DVinci Creations, 3D Creations, D2M solutions, Sinterex, Call Print.

“UAE 3D printing Market (2018-2024)” report provides in-depth analysis with 44 figures and 10 tables covered in more than 100 pages. The report estimates and forecast the overall UAE 3D printing market by technology, sector and regions. The report also offer insights on competitive landscape, companies benchmarking, company profiles, market drivers, restraints & trends, and recommendations.

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About 6Wresearch

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UAE Power Cables Market (2018-2024)-6Wresearch


Rapid Infrastructural Development Activities Coupled With Expansion of Transmission and Distribution Network Would Drive UAE Power Cables Market Over the Next Six Years – 6Wresearch

UAE power cables market registered substantial growth in 2017 attributed to recovery in copper and aluminium prices as well as significant investment in mega infrastructure projects such as new high-rise skyscrapers, theme parks, state-of-the-art shopping malls and artificial islands. Furthermore, sustained economic diversification efforts in the country also contributed to an increase in the sales for power cables.

According to 6Wresearch, UAE power cables market revenues are projected to reach $2.5 billion by 2024. Upcoming projects such as Mohammed bin Rashid City, MBR City-District One, Barakah Nuclear Power Plant and Aljada megaproject would increase the demand for power cables in the country. Further, government initiatives such as UAE Vision 2021, Dubai Plan 2021, the Abu Dhabi Economic Vision 2030, Sharjah Tourism Vision 2021 along with rapid urbanization and rising electricity consumption in the country would additionally encourage the growth of power cables in near-future.

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According to Ravi Bhandari, Assistant Manager, Research and Consulting, 6Wresearch, “Infrastructure sector held majority of the revenue share in 2017 on account of ambitious government plan for infrastructure development including construction of roads, airport, metro, ports, power plants and hospitals.”

“However, buildings and industrial sector is expected to grow at a faster rate than the infrastructure sector during the forecast period as a result of ongoing construction activities in the real estate and hospitality sectors, as the country prepares itself to host World Expo in 2020,” Ravi further added.

According to Rishi Malhotra, Sr. Research Analyst, Research and Consulting, 6Wresearch, “Low voltage (up to 1 kV) power cable segment held the highest revenue share in 2017 on account of its installation in buildings, infrastructure, oil & gas, petrochemicals and other industrial applications.”

“Moreover, amongst all the regions, Dubai held major revenue share and is expected to maintain its leadership during the forecast period as well, attributed to ongoing and upcoming commercial building and transport infrastructure projects in the region,” Rishi concluded.

Some of the key players in UAE power cables market includes- Ducab, Riyadh Cables Group Company, Jeddah Cables Company, Oman Cables Industry, National Cables Industry, Elsewedy Electric L.L.C – UAE, Power Plus Cable Co. L.L.C., Saudi Cable Company, Alfanar Company Ltd., Prysmian Group, NEXANS MIDDLE EAST, and Brugg Cable Middle East DMCC.

“UAE Power Cables Market (2018-2024)” provides an in-depth analysis with 80 figures and 21 tables covered in more than 140 pages. The report estimates and forecast the overall UAE power cables market by voltage rating, applications and regions. The report 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.

For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/uae-power-cables-market-2018-2024-forecast-by-voltage-rating-low-medium-high-applications-regions-competitive-landscape.html

About 6Wresearch

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

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Saudi Arabia Physical Security System Market (2018-2024)-6Wresearch


Video Surveillance Segment Captured Major Share in Saudi Arabia Physical Security Systems Market Revenues- 6Wresearch

During 2014-17, Saudi Arabia physical security systems market registered a decline owing to deteriorating economic conditions, primarily due to slump in oil prices. During this period, major government spending was cut down, resulting in halt in several government projects in the country. Moreover, in 2017, change in the government taxation policy for import of goods resulted in an increase in ASP of the imported products which further led to decline in demand for the security systems.

According to 6Wresearch, Saudi Arabia Physical Security Systems market is projected to reach $312 million by 2024. Although, during 2014-17, the physical security system market recorded negative growth; however, post 2017 the market is expected to bounce back due to recovery of oil prices. Also, increasing security concerns as well as surge in terrorist threats enforced government to pass a law for compulsory installation of security systems in the residential and commercial sectors, which would propel the demand for physical security systems in the country.

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According to Prijo Samuel, Assistant Research Manager, Research and Consulting, 6Wresearch, “Video surveillance segment accounted for majority of the market share owing to increasing deployment of IP video surveillance systems as per government regulation in the residential and commercial sectors, followed by access control systems and license plate recognition systems.”

“Additionally, under Vision 2030, Saudi Arabia government passed a plan to invest in the infrastructural development projects and to allow FDI in the commercial and retail sectors, which would result in major expansion of infrastructure. To protect and keep these under vigilance, video surveillance systems would be largely deployed,” Samuel further added.

According to Shefali Goel, Senior Research Analyst, Research and Consulting, 6Wresearch, “In Saudi Arabia, the Central region held major share of the physical security system market, backed by rising infrastructural development projects, especially in the commercial and residential verticals.”

“Further, government and transportation vertical accounted for highest revenue share followed by commercial offices, retail, and others. Over the next six years, hospitality & healthcare and education verticals are forecast to grow at a higher CAGR,” Shefali concluded.

Some of the major companies in Saudi Arabia physical security system market include- Avigilon Corporation, Axis Communication, Bosch Security System, Hangzhou Hikvision Digital Technology Co. Ltd, Hanwha Techwin, Honeywell Security, and Smith Detection.

“Saudi Arabia Physical Security System Market (2018-2024)” provides in-depth analysis with 82 figures and 11 tables covered in more than 116 pages. The report estimates and forecast the overall Saudi Arabia physical security system market by revenue, by types, by regions, and by verticals. The report also offer insights on competitive landscape, market share by companies, companies benchmarking, company profiles as well as market drivers and restraints.

For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/contact-us.html

About 6Wresearch

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

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India Blockchain Technology Market (2018-2024)-6Wresearch


Increasing Digital Payment Solutions in India Would Drive the Growth of Blockchain Technology Across Several Applications by 2024 – 6Wresearch

Blockchain technology, popularly known as a protocol for value exchange is registering rising adoption among several applications including banking and financial services, transportation, supply chain as well as government verticals in India. The solution is gaining awareness owing to more efficient, transparent, and secured database solutions. Further, recent pilot project initiatives in Andhra Pradesh would result in greater adoption of blockchain solution in certain key states including Delhi, Madhya Pradesh, Uttar Pradesh and Punjab over the coming years.

According to 6Wresearch, India blockchain technology market is projected to grow at a CAGR of 58% during 2018-24. The market would be highly dependent on increasing growth of digital payment solution through several intermediaries including digital wallets and Unified Payment Interface (UPI); digital payment solution market is projected to grow around 10 times and cross $500 billion by 2020 as compared to around $50 billion in 2017. This would give the desired push for the integration of blockchain technology for much secured transactions.

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According to Babu Munagala, Founder and CEO, Zebi Data India Pvt. Ltd., “Blockchain technology is bound to register substantial growth over the coming years. Currently, consumer awareness for this particular technology is at a very niche stage. However, with surging growth of blockchain integration in several verticals, majorly driven by government and enterprise segment, the market is projected to register considerable growth over the next 2 to 3 years.”

According to Prijo Samuel, Assistant Research Manager, Research and Consulting, 6Wresearch, “In 2017, public blockchain segment registered maximum revenue share owing to greater need for blockchain solution integration among available public networks in the country.”

“In terms of regions, the Western region recorded highest revenue share in India due to surging consumer adoption for blockchain technology solution pertaining to BFSI, transportation and logistics, and several other verticals.”

According to Anuj Mehrotra, Senior Research Analyst, Research and Consulting, 6Wresearch, “Recent fraud in Punjab National Bank (PNB) of more than $1.7 billion, devastated the faith of security in public entities among Indian consumers. Banking sector has already initiated plans to evaluate the adoption of blockchain solution in the present banking ecosystem to avoid fraudulent activities and scams. For instance, in Feb 2018, State Bank of India (SBI) initiated its exploration in the adoption of blockchain technology. Additionally, the financial application vertical is anticipated to record higher growth rate and cross 58% revenue share by 2024.”

Some of the key players in India blockchain technology market include- Zebi, Primechain, Krypc, Accubits and IBM, and Ernst & Young.

“India Blockchain Technology Market (2018-2024)” report provides in-depth analysis with 38 figures and 3 tables covered in more than 80 pages. The report thoroughly covers the blockchain technology market by applications, technology, end users, and regions. The report also offer 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.

For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/india-blockchain-technology-market-2018-2024-forecast-by-technology-type-applications-end-user-regions-competitive-landscape-iot.html

About 6Wresearch

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

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India Garment Steamer Market (2018-2024)-6Wresearch


India Garment Steamer Market to Witness Nearly Two Fold Revenues by 2024 – 6Wresearch

Consumers in India are becoming liberal on their spending habits as a result of increasing personal disposable income. Garment steamers are primarily used by commercial segment, however, over the past few years the product is gaining high acceptance across the household segment. The growth of garment steamer market in India is backed by surging aspirations of middle class population towards branded clothing. Garment steamers are ideal for delicate fabrics, in addition, these are also used for removing wrinkles and freshening of curtains, bed sheets, and upholsteries (seats & furniture covers). Moreover, growing product awareness, urbanization, and surging emphasis towards personal upkeep are further catalyzing the growth of garment steamer market in the country.

According to 6Wresearch, India Garment Steamer market is projected to grow at a CAGR of 10% during 2018-24. Although, India brown goods market recorded nearly $1.5 billion revenues in 2017, wherein dry and steam irons contributed around 7% market revenue share and garment steamer segment recorded low share. However, the segment is likely to gain acceleration over the coming years with increasing purchasing power of consumers in the country. In terms of volume, garment steamer market is anticipated to exhibit a CAGR of around 11.7% during the forecast period. Commercial end user segment bagged highest revenue share in 2017. Moreover, on account of growing product awareness, household segment is expected to exhibit highest growth rate during the forecast period.

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According to Anuj Mehrotra, Senior Research Analyst, Research and Consulting, 6Wresearch, “Standing/upright garment steamer captured majority of the market share in 2017 and the segment is likely to continue its dominance during the forecast period owing to sustained demand for these garment steamers by commercial end users. However, handheld garment steamer segment is gaining high acceptance among consumers and are projected to exhibit highest growth rate owing to compactness and portability of handheld ones.”

“Currently, commercial including apparel showrooms, boutiques, and small sized businesses such as tailors & dressmakers are the major end users of garment steamers. Moreover, with growing frequent travel needs of consumers for professional commitments and personal reasons, there is an upsurge in demand for handheld garment steamers further resulting in the growth of household garment steamer segment,” Anuj concluded.

According to Suman Gautam, Research Associate, Research and Consulting, 6Wresearch, “Presently, garment steamer is a niche product segment in India’s consumer appliances market. Commercial garment steamer is at the growth stage, whereas, household garment steamer segment is still at nurture stage. Growing product awareness is a major contributor towards further acceptance of garment steamers among end customers.”

“Moreover, there exist huge untapped opportunities in the country owing to low product awareness, especially across urban household segment. Furthermore, manufacturers are coming-up with product differentiation and different price points to attract consumers as per their product requirements. Additionally, India being a lucrative market for fashion retailers and flourishing fashion apparel market in the country, an upsurge is projected in garment steamer demand, especially for proper maintenance of expensive clothing,” Suman added.

Some of the major companies in India garment steamer market include- Philips, Bajaj Electricals, Havells, Groupe SEB, Usha International, and Inalsa Appliances.

“India Garment Steamer Market (2018-2024)” provides in-depth analysis with 28 figures and 6 tables covered in 87 pages. The report estimates and forecast the overall India garment steamer market by types, end users and regions. The report also offer insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/india-garment-steamer-market-2018-2024-forecast-by-types-standing-upright-handheld-compact-end-users-regions-competitive-landscape.html

About 6Wresearch

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.

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