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Most Recent Press Releases are listed first. To read the full article click on title

India Elevator & Escalator Market is projected to grow at a CAGR of 8.1% during 2017-23 – 6Wresearch
25 January 2017

According to 6Wresearch, India Elevator & Escalator Market is projected to grow at a CAGR of 8.1% during 2017-23. In the year 2016, the market declined and a similar trend is expected in 2017 due to decline in construction industry and demonetization of the Indian currency. Demonetization is likely to impact the spending, which would further affect the purchasing decisions of the end users; however, market is expected to recover in 2018.

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GCC Video Surveillance Market Growth Dependent on Government Projects, Security Spending and Upcoming Events such as World Expo 2020 and FIFA World Cup 2022 – 6Wresearch
24 January 2017

According to 6Wresearch, GCC Video Surveillance Market is expected to grow at a CAGR of about 10% during 2017-23. Though, governments have mandated compulsory installation of video surveillance systems throughout various GCC countries, the market registered decline in demand in last two years. This was predominantly due to falling oil prices which impacted overall government spending towards various infrastructure projects. However, the market is all set to bounce back majorly post 2017 with expected improvement in oil prices along with projected flow of investments primarily for upcoming international events such as World Expo 2020 in UAE and FIFA World Cup 2022 in Qatar.

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Rising Investments in Power Infrastructure, Government Initiatives and Developing Commercial and Industrial Sectors would boost the Demand for Switchgears in India – 6Wresearch
21 January 2017

According to 6Wresearch, India switchgear market is projected to reach $3.7 Billion by 2022. India Switchgear market is anticipated to witness robust growth during the forecast period as a result of development of power infrastructure due to surging power demand from industrial, commercial and residential sectors. Low voltage switchgear holds the major revenue share on account of increasing homes, commercial buildings and industrial facilities with rising urban population.

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Saudi Arabia Package Substation Market to Grow with Anticipated Infrastructure, Power Utility Sector Expansion and Recovery of Oil Prices - 6Wresearch
05 January 2017

According to 6Wresearch, Saudi Arabia Package Substation Market is projected to reach $842.9 Million by 2022. Package Substation market in Saudi Arabia grew over the past five years on the back of increasing power requirement due to growing population, infrastructure development and rapid industrialization. Though, during the forecast period, the growth of the market is expected to decline owing to lower infrastructure spending due to lower oil prices.

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Single Feed Scanner to Drive India Cheque Scanner Market Over the Next Six Years – 6Wresearch
20 December 2016

According to 6Wresearch, India Cheque Scanner Market is projected to grow at a CAGR of 5.6% during 2017-22. India’s Cheque Scanner Market is expected to grow on the back of continued rise in CTS cheque volumes which is expected to cross 1 billion mark in the next couple of years. With the recent move of Demonetization by the Government in November, 2016, the usage of cheques as a reliable and secure instrument of monetary transaction is expected to rise.

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