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

Infrastructure Development, Establishment of Nuclear and Solar Power Plants and Expanding Power Infrastructure Would Propel the Demand for Switchgears in UAE – 6Wresearch
18 November 2016

According to 6Wresearch, UAE switchgear market is projected to reach $1.35 billion by 2022. UAE Switchgear market is anticipated to witness moderate growth during the forecast period as a result of growing number of power plants and substations. In UAE, low and high voltage switchgears are expected to register key growth over the next six years on account of growing commercial sector and expanding transmission and distribution network.

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Growing Tourism and Service Sector Along With the Expected Recovery of the Mining and Construction Industry to Drive the Market for Diesel Gensets in Australia – 6Wresearch
17 November 2016

According to 6Wresearch, Australia Diesel Genset Market is projected to reach $765.4 Million by 2022. The market for diesel gensets in Australia witnessed sluggish demand over the past two years as a result of declining mining industry, which impacted the market for diesel gensets in Australia. However, during the forecast period, the demand for diesel genset is anticipated to rise owing to the growing tourism and service sectors.

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GCC Construction Equipment Market is Projected to Grow at a CAGR of 1.6% During 2016-22 – 6Wresearch
03 November 2016

According to 6Wresearch, GCC construction equipment market is forecast to grow at a CAGR of 1.6% during 2016-22. The GCC construction equipment market is highly consolidated, wherein few international players have acquired majority of the market share. International players have maintained their presence through tie-ups with local distributors/ dealers.

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UAE Smart Homes Market is one of the Fastest Growing Market in the GCC Region in 2015
25 October 2016

According to 6Wresearch, UAE Smart Homes Market is expected to grow at a CAGR of 14.8% from 2016 to 2022. During 2010-15, physical security system segment has witnessed largest number of installations in the country; however, energy management system segment captured major share of the market revenue pie. The key reason for the increasing revenue from the energy management system segment is the high prices of the HVAC and automation systems.

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UAE Air Conditioner Market to Grow on the Back of Dubai World Expo 2020 and Abu Dhabi Vision 2030 – 6Wresearch
17 October 2016

According to 6Wresearch, UAE Air Conditioner market is projected to grow at a CAGR of 6.1% from 2016 to 2022. Despite a decline in the construction industry due to unstable oil prices, air conditioner market growth rate remained positive with steady growth registered in in the year 2015 and 2016. With the aim of successful World Expo 2020, the Government of UAE is encouraging public & private investments to build the infrastructure for the upcoming event. Further, booming tourism industry as well as budding residential, commercial & retail verticals would excel the demand for air conditioning systems in the country.

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