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

Increasing National Electrification rates along with Growing Residential Sector would Drive the Indonesian Switchgear Market – 6Wresearch
03 November 2017

According to 6Wresearch, the Indonesia switchgear market revenues are projected to grow at a CAGR of 6.4% during 2017-23. Projects such as the $1.7 billion Jakarta MRT Project and the $5 billion Jakarta-Bandung High-Speed Railway Project are slated for 2019 completion and would contribute in improving the infrastructure and transportation sectors of the country. Further, Government initiatives such as the One Million Houses Programme and the 35 GW Power Plan would help boost Indonesia’s residential and power utilities sectors.

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Premium chocolate segment to post higher growth over the next six years and tier-I cities held majority of the demand in India chocolate market – 6Wresearch
03 November 2017

According to 6Wresearch, India Chocolate Market is projected to grow at a CAGR of 19% during 2017-23. Although, milk chocolate segment captured majority of the chocolate market share in 2016, dark chocolates segment is expected to post high growth rate during the forecast period. Moreover, non-premium chocolates dominated the overall market owing to its availability in both urban and rural areas. However, huge demand for premium chocolates are being exhibited in Tier-I cities resulting in tremendous growth for premium chocolate segment in the country.

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IP Video Surveillance Segment to Register Growth in Saudi Arabia’s Video Surveillance Market– 6Wresearch
03 November 2017

According to 6Wresearch, Saudi Arabia Video Surveillance market is expected to reach $163 million by 2023. Although, during 2014-16, the video surveillance market recorded negative growth, due to slump in oil prices; however, post 2017, the market is expected due to recovery of oil prices. Saudi Arabia government has mandated compulsory installation of video surveillance systems in major verticals would result in increased installation of surveillance cameras over the coming years.

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Indoor Digital Signage is likely to be One of the Key Segments in Qatar Digital Signage Market over the Next Six Years- 6Wresearch
02 November 2017

According to 6Wresearch, Qatar Digital Signage Market is expected to grow at a CAGR of 6.5% during 2017-23. In 2017, the government outlined a budget allocation of over $12 billion under the National Development Strategy for infrastructure and transportation projects, $2.3 billion for healthcare projects as well as $1.6 billion for education sector projects. Further, certain key projects commenced in 2016 such as Ezdan mall at Al Wakrah, Festival Mall, and Tawar Mall would boost the retail end user application during the forecast period.

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India, Thailand, Malaysia, Indonesia and Vietnam are the Key Contributors in South and Southeast Asia Elevator and Escalator Market – 6Wresearch
31 October 2017

According to 6Wresearch, South and Southeast Asia Elevator and Escalator Market is expected to grow at a CAGR of 6% during 2017-23. Rising construction of skyscrapers, increasing acceptance in residential vertical coupled with decline in import taxes would drive the demand for elevator and escalator systems in South and South East Asian region. Declining import taxes has further propelled price reduction of various elevator and escalator system components. For instance, Vietnam Ministry of Finance has reduced tariff rates to zero on 90% of the goods under the ASEAN Trade in Goods Agreement (ATIGA).

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Men Fragrances & Deodorants Segment to Record Key Growth in India’s Men Grooming Market – 6Wresearch
27 October 2017

According to 6Wresearch, India men grooming market is projected to grow at a CAGR of 15% during 2017-23. Over the last few years, fragrances and deodorants segment registered higher adoption across India, especially in Tier-II and III cities. Previously, major male population were primarily reliant on talcum powders to avoid body odor, however now they have aggressively switched towards deodorants, and expensive perfumes. The segment is also buoyed by growing consumer awareness on account of aggressive advertisement campaigns by OEMs, along with expansion of product portfolio by new companies such as “no gas” deodorants.

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Growing Awareness Towards Energy Conservation and Reducing Carbon Footprints are Driving the Growth of Electric Drives Market in India-6Wresearch
23 October 2017

According to 6Wresearch, India Electric Drives Market is projected to grow at a CAGR of 7.3% during 2017-2023. AC drives dominated the market in 2016 and are expected to lead the market during the forecast period. Low voltage drives owing to its extensive usage across all types of motion-based applications captured majority of the share as compared to medium voltage drives.

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