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Iraq Uninterruptible Power Supply (UPS) Systems Market (2018-2024)-6Wresearch

Rising Foreign Investment for Country’s Redevelopment Activities Coupled with the Growing Demand for IT Infrastructure Would Fuel the Growth of Iraq’s Uninterruptible Power Supply (UPS) Systems During 2018-24 – 6Wresearch

Iraq’s infrastructure redevelopment initiatives would witness significant growth in coming years on account of upcoming large-scale investments such as $30 billion fund pledged by a group of countries in Kuwait International Conference for the Reconstruction of Iraq. With the development of Infrastructure sector, demand for high KVA UPS is anticipated to increase as these products are highly used in areas such as airports, railway stations and ports. Although, due to ISIS revolt and drop in oil prices, Iraq’s growth was impacted in the past. UPS market is expected to witness healthy growth in the forecast period due to improving security situation and reconstruction efforts.

India Air Conditioner market revenues are forecast to grow at a CAGR of 12.2%

Increasing Purchasing Power of Consumers Coupled with Growing Construction Market in Tier II and Tier III Cities Would Spur the Demand for Air Conditioners in India – 6Wresearch

Growing number of middle-class households and rising buying power would continue to accelerate the demand for room split air conditioners (ACs) in India. Increasing office and retail spaces in the country along with booming tourism and hospitality sectors are also contributing in the healthy growth of the Indian air conditioner market.

Australia UPS Systems Market (2018-2024)-6wresearch

Market Forecast By KVA Ratings (Up to 1 KVA, 1.1-5 KVA, 5.1-20 KVA, 20.1-50 KVA, 50.1-200 KVA and Above 200 KVA), By Applications (Residential, Industrial and Commercial including Offices, Healthcare, BFSI, Hospitality, Education, Data Center and Others), By Regions (New South Wales, Southern Australia, Western Australia, Queensland, Tasmania, Victoria and Northern Territory Australia) and Competitive Landscape

Australian Government has identified infrastructure development as a priority for economic development of the country. As a result the Government is enabling the development in industrial sector and commercial sub sectors such as ICT, hospitality and healthcare, where UPS systems are used to overcome the power outages and power fluctuation problems. Further, foreign investment in Australian commercial property is staging a comeback, with hotels the most popular asset in almost every state would also catalyze the growth of UPS market in the country.

Europe Fire Safety Systems and Equipment market is projected to grow at a CAGR of nearly 7.4% during 2018-24- 6wresearch

Industrial, Commercial Verticals and Stringent Regulations to Drive the Growth of Europe Fire Safety Systems and Equipment Market – 6Wresearch

India Air Conditioner market revenues are forecast to grow at a CAGR of 12.2%

Increasing Purchasing Power of Consumers Coupled with Growing Construction Market in Tier II and Tier III Cities Would Spur the Demand for Air Conditioners in India – 6Wresearch

Growing number of middle-class households and rising buying power would continue to accelerate the demand for room split air conditioners (ACs) in India. Increasing office and retail spaces in the country along with booming tourism and hospitality sectors are also contributing in the healthy growth of the Indian air conditioner market.

India Video Surveillance Market (2018-2024)-6Wresearch

Government & Transportation Application to Drive the Growth of Video Surveillance Market in India – 6Wresearch

Video surveillance market in India has increased tremendously in recent years owing to rising security concerns primarily arising from theft, domestic crime and threats from terrorism. Growing consumer awareness towards video surveillance for security and monitoring coupled with declining installation cost have resulted in higher demand for video surveillance systems in India.

According to 6Wresearch, Video Surveillance Market Revenues are projected to grow at a CAGR of 16.4% during 2018-24. Growth would be aided during the forecast period primarily due to increasing government initiatives towards city surveillance and smart city projects would result in surge in deployment of high-resolution IP cameras across the country.

Europe Lithium Ion Battery Market (2018-2024)-6Wresearch

Government Initiatives along with Increasing Investment in Automotive and Industrial Sectors to Surge the Demand for Lithium Ion Batteries in Europe – 6Wresearch

Government support for renewable energy and electric vehicle infrastructural projects as well as increased usage of electric vehicles, smart portable electronics, and rising grid storage market are some of the key applications which have driven lithium ion battery market in Europe and are expected to play a significant role during the forecast period. Additionally, the market is further expected to nurture on account of heavy investments on manufacturing plants of lithium ion batteries, especially focusing on electric vehicles and energy storage systems.

United States Building Energy Management Systems Market (2018-2024)-6Wresearch

Market Forecast By Components & Services (Hardware, Software and Services), By Hardware Components (Sensors, Controllers, Actuators and Others including Smart Meters and Gateways), By End Users (Residential, Commercial and Industrial), By Applications (Space Heating, Computers & office equipment, Lighting, Air Conditioning and Others including Refrigeration, Water Heating, and Ventilation) and Competitive Landscape

 

Rising electricity prices, government incentives for promoting building energy efficiency as well as growing awareness amongst end users regarding sustainable development and environment related issues are the key drivers which would fuel the market for building energy management systems in the United States.

United States Building Energy Management Systems Market (2018-2024)-6Wresearch

Growing Energy Demand and Rising Concern for Sustainable Development would be the Key Drivers for the Growth of Building Energy Management Systems in the United States – 6Wresearch

Building Energy Management Systems helps in tracking and monitoring the energy usage across several verticals such as commercial, upstream production and residential. The electricity tariffs in the United States for residential, commercial and industrial segments are expected to rise by 8%, 6% and 7%, respectively during 2016-19. Rising electricity bills is expected to drive the demand for building energy management systems in the United States over the coming years.

According to 6Wresearch, United States Building Energy Management Systems market revenues are projected to grow at a CAGR of 12.2% during 2018-24. The government of United States is supporting deployment of energy efficient devices and equipment through several incentives such as Federal Energy Management Program and Corporate Energy Management. According to Residential Energy Consumption Survey, American households consume more electricity during winters. Space heating and cooling are the biggest energy consuming segments in the residential application.

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According to Ravi Bhandari, Research Manager, 6Wresearch, “Software segment captured majority of the revenue share in the U.S. building energy management system market followed by services. Several features such as budgets & variance reports, utility bill tracking, real-time metering and collection of energy data usage by various equipment have enhanced their adoption in the market. However, declining cost of hardware devices such as sensors and computer peripherals would impact the revenue share of the segment over the coming years.”

“Space heating followed by lighting application dominated the market of building energy management systems. According to EIA, energy consumption for space heating in commercial sector registered an increase of 100% in 2017 as compared to the energy requirement in 2016 and is expected to rise over the next six years,” Ravi further added.

According to Akash Jain, Research Analyst, 6Wresearch, “Hardware components such as sensors, actuators and controllers forms the framework of the building energy management system. These hardware components allow remote monitoring, data processing and integration of multi-protocol communication interface in the system. According to EIA, around 1,410 billion KWh electricity was consumed by the residents of the United States, which is expected to touch 1,600 billion KWh by 2040 on account of increasing market penetration of electricity devices that are not covered under efficiency standards and thus would boost the demand for building energy management system in the country.

“The infusion of Internet of Things in building energy management systems and combining it with multiple features in a building equipment such as lighting, security and heating would be a new trend over the coming years,” Akash concluded.

Some of the key players in the United States Building Energy Management Systems market include- Honeywell, Johnson Controls International, Siemens, Schneider Electric and Ecova.

United States Building Energy Management Systems Market (2018-2024)” provides in-depth analysis with 73 figures and 7 tables covered in more than 125 pages. The report estimates and forecast the overall United States Building Energy Management Systems market by components & services, hardware, price end user, applications and regions. 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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