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

Rapid Industrialization as well as Increasing Emphasis on Development of Downstream Petroleum Sector would Spur the Growth of Saudi Arabia Industrial Boilers Market - 6Wresearch
09 January 2018

According to 6Wresearch, Saudi Arabia Industrial Boilers market revenues are projected to grow at a CAGR of 5.0% during 2018-24. Non-condensing industrial boilers are more environment friendly, however their usage is limited in Saudi Arabia as end users are opting for more economical condensing boilers.

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Growing Power Sector Coupled with Recovery of Construction Market Would Surge the Demand for Transformers and its Service & Repair Market in Saudi Arabia- 6Wresearch
05 January 2018

According to 6Wresearch, Saudi Arabia Power and Distribution Transformer market revenues are projected to grow at a CAGR of 2.4% during 2018-24. The transformer market declined in terms of revenue as well as volume in 2016 and 2017 due to slump in the Kingdom's construction market on account of cut in government expenditure as a result of decline in crude oil prices. However, upcoming projects such as the $500 billion NEOM City, $100 billion King Abdullah Economic City, $27 billion Jazan Economic City, $22.5 billion Riyadh Metro project and $1.4 billion GCC Power Grid Interconnection project would surge the demand for transformers across the country.

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Public Transportation Sector to Witness Maximum Installation of Intelligent Transportation in UAE- 6Wresearch
03 January 2018

According to 6Wresearch, UAE Intelligent Transportation market is projected to grow at a CAGR of 9.2% during 2018-24. In 2016, the market registered slowdown in demand in terms of volume due to shrinking government spending owing to declining oil prices and halt in major government infrastructural projects. However, the market is anticipated to bounce back with the recovery of oil prices post 2017 and announcement of transportation infrastructural development projects in the country.

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Metro Railways along with Parking and Bus Transport Applications to Drive India Automated Fare Collection Systems Market - 6Wresearch
02 January 2018

According to 6Wresearch, India Automated Fare Collection Systems market is projected to grow at a CAGR of over 18% during 2018-24. In terms of applications market, metro railway segment led the demand for these systems owing to increasing number of metro railway projects in Tier-I and II cities in 2016. Further, as a result of increasing need to automate the fare collection process in parking and bus transport applications, the market would post positive growth over the coming years.

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ATEX TETRA Communications Terminal Segment to Register Significant Growth over the Coming Years Supported by their Increasing Industrial Usage in Middle East Region - 6Wresearch
19 December 2017

According to 6Wresearch, Middle East TETRA Communications Terminal Market is expected to grow at a CAGR of 7.7% during 2017-23. Increasing Oil & Gas exploration, public transportation projects coupled with growing need for law enforcement bodies for a reliable communication network have pushed the demand for TETRA terminals in the Middle East region. Increase in power generation plants in the region due to growing energy demand as well as surge in industrial construction projects have enhanced the application of TETRA communications terminals.

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