Middle East Unmanned Aerial Vehicle Market (2018-2024)


Several countries in the Middle East region are still recovering from slump in oil prices since 2014. Steadily increasing oil prices and burgeoning construction sector contributed significantly to the growth and development of the region post 2016. Additionally, preparation for international events such as Dubai Expo 2020 and FIFA World Cup have resulted in growing investment in the construction as well as industrial sectors. Due to ongoing arms race among the Middle East countries to own a fleet of combat UAVs, several manufacturers are anticipated to take the advantage of underlying opportunity.

According to 6WresearchMiddle East Unmanned Aerial Vehicle (Drone) Market is forecast to grow at a CAGR of over 30% during 2018-24. As a result of upcoming events in the Middle East region, the construction sector is registering positive growth on a year-over-year basis. Increasing deployment of drones in the construction sector for land mapping grew significantly over the past few years. Acceptance and adoption of drones by the government of UAE, Kuwait, Qatar, and Israel have encouraged consumers and commercial end users to invest in the UAVs.

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According to Prijo Samuel, Assistant Research Manager, Research and Consulting, 6Wresearch
, “Multi rotor drones segment accounted for majority of the commercial UAV market revenues due to its adoption by professional photographers for coverage of personal events such as weddings, birthdays, and others. Also, companies are planning to deliver their products to the consumers via drones, which would further drive the growth of the market in the coming years.”

Moreover, “Media houses increasingly deployed multi rotor drones for the coverage of live events such as sporting events, natural disasters and accidents due to low cost of operations of these drones as compared to manned helicopters,” He further added.

According to Kushagra Sharma, Research Associate, Research and Consulting, 6Wresearch, “Industrial & construction application of the commercial UAV market recorded significant revenues in 2017; increasing use of UAVs in the oil & gas sector has driven the growth of this application. Major use of UAV in this sector was for pipeline monitoring for leakage detection and security concerns. Construction sector increasingly utilized UAVs for surveying and mapping the potential construction sites before and during the actual construction.”

Some of companies in the Middle East UAV market includes, DJI Technology, Yuneec International, Parrot, Israel Aerospace Industries, Boeing, General Atomics, Piaggio, China Aerospace Science and Technology, Stemme, and Schiebel Technology.

Middle East Unmanned Aerial Vehicle Market (2018-2024)” provides in-depth analysis with 48 figures and 36 tables covered in more than 135 pages. The report estimates and forecast the overall UAV market by revenue, sales volume, type, applications and countries. The report also offer insights on competitive landscape, market share by companies, company profiles, market trends, market drivers and restraints.

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India Solar Inverter Market (2018-2024)


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

For More Information:
https://www.6wresearch.com/market-reports/india-solar-inverter-market-2018-2024-forecast-by-types-central-string-micro-system-types-off-on-grid-end-users-power-rating-regions-competitive-landscape.html

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Ethiopia Air Conditioner Market (2018-2024)


Massive investment flow and incentivized support to local and foreign investors led to a massive growth in Ethiopian air conditioner market in 2016. Ethiopia attracted $3.8 billion in foreign direct investment in the Ethiopian Fiscal Year (EFY) 2016/17, registering a 20% increase from EFY 2015/16. In the 2016/17 fiscal year, 381 projects became operational. However, after a year of tremendous growth, Ethiopian air conditioner market contracted in 2017 amidst the devaluation of the country’s currency (Ethiopian Birr); the National Bank of Ethiopia (NBE) announced a devaluation of ‘birr’ by 15% resulting in payment delays. 

According to 6WresearchEthiopia Air Conditioner market is forecast to grow at a CAGR of 15.8% during 2018-24. In last fiscal year, 28 companies with a combined capital of $1.5 billion made an agreement with the Ethiopian government for eight industrial parks. Rising investment in projects primarily engaged in manufacturing, health, education and construction sectors would further elevate the growth of air conditioner market. Furthermore, Ethiopian government’s five-year Growth and Transformation Plan II (GTP II) for the period 2015-16 to 2019-20 relies heavily on the construction of modern structures and amenities which has further resulted in embarkment of construction activities in the residential and commercial sectors in the nation’s capital, Addis Ababa.

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According to Prijo Samuel, Assistant Research Manager – IT & Electronics, Research and Consulting, 6Wresearch, “Wall mounted air conditioning systems accounted for major sale in room air conditioner segment market attributed to reasonable pricing, high demand for inverter models, quiet operations and complexities in the installation of window air conditioners.”

Additionally, centralized air conditioner was the fastest growing segment with VRF leading the demand. VRF systems were highly popular among residential and commercial applications, while chiller segment gained a quick acceptance in manufacturing and industrial applications owing to high capacity requirements in these applications,” Samuel further added.

According to Rishi Malhotra, Senior Research Analyst – IT & Electronics, Research and Consulting, 6Wresearch, “Residential segment was the largest contributor to air conditioner market in terms of value. The segment was closely followed by commercial building and retail application. Real estate sector has been the fastest growing sector contributing around 12% to domestic growth over the past 10 years. Furthermore, operational investment capital in the sector increased by over 500% during EFY 2014-15 to 2015-16 and 60% from 2015/16 to 2016-17.”

“Moreover, Addis Ababa was the prime location for the development of high-rise residential buildings and commercial compounds. Large residential development emerging at the outskirts of the city, office complexes and government buildings in the areas located at the center of the city led to a strong growth for air conditioner market in the residential and commercial applications,” Rishi further added.

Key contributing vendors in Ethiopia air conditioner market include- Samsung Electronics East Africa Ltd., LG Electronics Inc., Awal Gulf Manufacturing Co., Daikin Middle East & Africa FZE, Carrier Africa FZE, and Gree Electric Appliances Inc.

Ethiopia Air Conditioner Market (2018-2024)” provides in-depth analysis with 69 figures 3 tables covered in more than 125 pages. The report estimates and forecast the overall Ethiopia air conditioner market by end-use applications, product-types and regions. The report also gives key insights on competitive landscape, market share by companies, market trends, market drivers & restraints, and recommendations.

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India LED Lighting Market (2017-2023)


LED based lighting solutions are gaining popularity in India due to growing need for energy efficient lighting, falling prices and initiatives taken by the government to replace traditional bulbs especially in street lighting application. The prices of LED’s have declined tremendously in last few years leading to surge in penetration across the country. 

According to 6Wresearch, India LED Lighting market is projected to grow at a CAGR of 26.6% during 2017-23. India’s LED Lighting market is projected to witness robust growth owing to government initiatives such as UJALA, Housing for All and Deendayal Upadhayaya Gram Jyoti Yojna (DDUGJY). Furthermore, missions such as Smart Cities would also drive the LED lighting market in the coming years. 

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According to Ravi Bhandari, Assistant Manager, Research and Consulting, 6Wresearch, “Street Light LED’s holds the major share in the overall LED lighting market and expected to dominate the market in the forecast period. Government of India, under Street Light National Programme (SLNP) has to replace 35 million conventional streetlights with LED lights by March 2019, thus increasing the demand for LED bulbs in street light application.Further, the demand for LED down lighters have also increased due to growing adoption in the areas of hospitality, retail, educational institutions, commercial offices and others,” Ravi further added.

According to Kanika Sharma, Research Associate, Research and Consulting, 6Wresearch, “In India, LED luminaires are registering key growth and expected to dominate the market in forecast period. The demand is being driven by modernization, urbanization and adoption of better life style of the people. Commercial Sector is also spurring the market for LED luminaires.
Profit margins of the market players have decreased due to growing competition and entry of new players in the country in the last few years. Further, the government is encouraging domestic manufacturing, which would further lead to price competition in the industry,” Kanika Concluded
Some of the major companies in India’s LED lighting market includes Phillips, Havells, Bajaj, Surya, Osram, Crompton, Wipro, etc.” 

India LED Lighting Market (2017–2023)” report provides in-depth analysis with 40 figures and 13 tables covered in more than 120 pages. The report estimates and forecast the overall India LED Lighting market by types, wattage, applications, end users and regions. The report also gives the insights on competitive landscape, company profiles, market drivers and restraints.

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https://www.6wresearch.com/market-reports/india-led-lighting-market-2017-2023-forecast-by-types-applications-end-users-regions-competitive-landscape-industry-analysis.html h

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India Antivirus Software Market (2018-2024)


“Cyber-related risks are a global threat” as described precisely by the honorable Prime Minister Shri Narendra Modi while addressing the need to build credible cyber security systems amidst the changing threat landscape as India gears up to face cyber security threats. Cyber-security threat landscape in India has evolved over the past few years. During the past four years, India registered over 1,90,000 cases of cybercrime incidents. At present, Cyber-security market in India, stands around $4 billion with the industry exhibiting a growth of over 100% during the similar period. Growing number of internet users and proliferation of mobile and personal computing devices in the country resulted in increased threat level among the users, consequently, leading to growth in demand for antivirus software. Additionally, awareness among several end-users are increasingly rising, urging the users to opt for paid antivirus software solutions; enterprises increased their security budgets and have started investing heavily in these solutions. 

According to 6Wresearch, India antivirus software market is forecast to grow at a CAGR of 13.4% during 2018-24. With the wave of IoT and Digitization approaching the Indian sub-continent, antivirus software market is expected to follow an upward trend in near-future. Sales of personal computing and mobile devices are expected to surge and investment to boost the digital infrastructure of the country; implementation of cyber-security projects likely to ramp-up further leading to growth of antivirus software market in the country. Ministry of Electronics and Information Technology (MeitY) mandated all other Ministries to earmark 10% of their IT budgets for security spending.

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According to Prijo Samuel, Assistant Research Manager – IT & Electronics, Research and Consulting, 6Wresearch, “Over 60% of the cyber-attacks have been targeted towards enterprise segment during 2016-17. Enterprise segment has always remained a goldmine for antivirus vendors in the Indian market capturing the largest share of market pie. The segment is exhibiting a shift in purchase from standalone antivirus product towards complete security solutions. BFSI and IT & ITeS verticals were the key adoptees of antivirus software solutions in Indian market.”

Additionally, the individual segment is still dominated by availability of open source and freemium antivirus solutions in the market. However, the segment witnessed a shift in purchase of paid antivirus software with rise in awareness level. Also, growing mobile user base opened-up significant opportunities for market vendors to leverage upon and is likely to boost the revenues generated from the segment. Market vendors are partnering with telecom vendors to offer solutions based on subscription-based model,” Samuel further added.

According to Rishi Malhotra, Senior Research Analyst – IT & Electronics, Research and Consulting, 6Wresearch, “Mobile segment is still at the nascent stage of the industry curve. However, the segment is anticipated to clock the highest growth among the other product types. With the advent of IoT, smartphones are expected to account for over 35% of all networked devices by 2020. Moreover, online sales for mobile antivirus software is on the rise with higher preference exhibited towards the purchase of single user multi-device software solutions.”

Moreover, Tier-II cities are emerging as the hotspot for start-ups, IT Hubs and BPOs. Government initiatives are leading to increased ICT adoption in these cities making them as a preferred destination for PC and smartphone vendors. Demand for antivirus software is projected higher among these cities as they emerge as breeding grounds for tech start-ups and IT hubs,” Rishi further added.

Key contributing vendors in India Antivirus Software Market include – Quick Heal, Trend Micro, Kaspersky Lab, ESET, eScan, Symantec, Bitdefender, McAfee, Sophos, and F-Secure.

India Antivirus Software Market (2018-2024)” provides in-depth analysis with 55 figures covered in more than 135 pages. The report estimates and forecast the overall India antivirus market by revenue, end-users, product-types, applications, regions, sales channel, and categorization based on Tier cities. The report also offer key insights on competitive landscape, market share by companies, market trends, market drivers & restraints, and recommendations.

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Singapore Elevator and Escalator Market (2017-2023)


The growth of elevator and escalator industry substantially depends upon the construction outlook of the country. Though, Singapore elevator and escalator market recorded sluggish growth over the past few years, owing to declining construction sector, especially in the residential segment. However, it is anticipated to gain significant momentum post 2018. This growth would be majorly attributed to the recovery of construction sector along with continuously rising demand for maintenance services by huge installed base of elevators and escalators in the country.

According to 6Wresearch, Singapore elevator and escalator market is projected to grow at a CAGR over 4.2% during 2017-23. The market would be buoyed by commercial segment applications including corporate offices, malls, transit systems, hotels, and hospitals. Moreover, escalator market segment is demonstrating high growth for the past few years owing to growing automation needs and for convenience of commuters. Additionally, in terms of service market, new installation service segment contributed majority of the revenue share, nevertheless, maintenance service segment is estimated to exhibit higher growth during the forecast period; this high growth is accounted to strict norms by Building and Construction Authority (BCA) regarding periodic maintenance of elevators and escalators across all the verticals.

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According to Shefali Goel, Senior Research Analyst, Research and Consulting, 6Wresearch, “Singapore elevator and escalator market was previously driven by installation of elevators and escalators in high-rise buildings. On the contrary, with rapidly ageing population in the country and for convenience of commuters, elevators and escalators are readily being installed in mid to low rise buildings as well.” 
“Moreover, manufacturers are continuously coming-up with up-gradation in elevator and escalator systems. For instance, to meet the demand for high-rise buildings and for time saving of commuters, companies are coming-up with fast speed elevators such as introduction of elevators with speeds of up to 420 meters per minute by Fujitec Singapore Corporation Ltd.,” Shefali concluded.
According to Suman Gautam, Research Associate, Research and Consulting, 6Wresearch, “Besides construction activity, vertical transportation is one of the key factors complementing the growth of escalator and elevators market. Singapore being a highly urbanized country is witnessing huge demand for vertical transportation. With more than 80 skyscrapers (140 meters or above) in 2015, the country holds a huge installed base of elevators and escalators which is driving growth of the maintenance service segment.”
“Furthermore, for safety reasons, increasing instances of elevator & escalators related accidents in the country and strict BCA norms, the maintenance service segment is projected to grow over the coming years, which in turn would drive the growth of elevator and escalator market in the country over the next 3-4 years,” Suman added.
Some of the major companies in Singapore elevator and escalator market include- Hyundai Elevator, Hitachi, Kone Corporation, Mitsubishi Electric, Otis Elevator, Schindler, and ThyssenKrupp.

Singapore Elevator and Escalator Market (2017-2023)” provides in-depth analysis with 38 figures and 6 tables covered in 100+ pages. The report estimates and forecast the overall Singapore elevator and escalator market by types, services, and verticals such as residential, commercial, and industrial. The report also offer insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

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Indonesia 1,000 kVA – 2,500 kVA High Speed Gas Genset Market (2018-2024)


Indonesia government is set to develop the country’s automotive, petrochemical and agro-based industries, which would strengthen the industrial and agricultural sectors in Indonesia. As gas gensets have lower operational costs and are more environmental friendly solutions as compared to their diesel counterparts, more number of industries are adopting the trend of using natural and bio-fuel based gas gensets for power backups. Expected growth in the industrial and agricultural sectors, as a result of government development plan such as National Long-Term development plan would help the high-speed gas genset market to grow over the coming years.

According to 6Wresearch, Indonesia 1,000 kVA – 2,500 kVA High Speed Gas Genset Market is projected to grow at a CAGR of 2.4% during 2018-24. The hospitality and transportation sectors of the country are expected to register substantial growth during the forecast period on account of rising international tourist arrivals. This would lead to an increase in demand for high speed gas gensets from the commercial segments in the country.

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According to Ravi Bhandari, Assistant Manager, Research and Consulting, 6Wresearch
, “Indonesia is an archipelagic state and faces challenges in the designing and laying of pipeline structures in various regions of the country, which act as a major setback for the gas genset market in the country. However, the growth in the country’s economy on account of increasing FDI and DDI investments would help strengthening the infrastructural development.”

According to Priya Sharma, Research Associate, Research and Consulting, 6Wresearch, “Development of the industrial and manufacturing sectors of Indonesia would be aided by favorable government policies. This is expected to speed up the setting up of new production units and heavy industries, majorly in Java and Sumatra regions. As a result, the demand for high speed gas genset would gradually increase in these regions. Additionally, the gas pipeline connectivity in Java and Sumatra islands is well established, making the use of gas gensets in these regions more profound as compared to the other areas.”

“In Indonesia, the agriculture sector is expected to witness highest growth over the coming years on account of spurring demand from palm oil and rubber industries. Such industries use waste gases in the form of bio-fuel to refill gensets,” Priya further added.

Some of the key players in Indonesia 1,000 kVA – 2,500 kVA High Speed Gas Genset Market includes- Mitsubishi Heavy Industries Engine System Asia Pacific Ltd., General Electric, Caterpillar Inc., FG Wilson Asia Pte Ltd., Kohler Power Systems, Cummins Inc., MTU Onsite Energy Corporation, Deutz Asia-pacific (Pte.) Ltd., P.T. Siemens Indonesia and Doosan Heavy Industries & Construction. 

Indonesia 1,000 kVA – 2,500 kVA High Speed Gas Genset Market (2014-2024)” provides in-depth analysis with 49 figures and 5 tables covered in more than 100 pages. The report estimates and forecast the overall 1,000 kVA – 2,500 kVA High Speed Gas Genset Market by revenues, kVA rating, regions and applications such as commercial, industrial and agriculture. 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.

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