Saudi Arabia Circuit Breaker Market | Middle East Unmanned Aerial Vehicle Market | Saudi Arabia Industrial Boilers Market | Saudi Arabia Power and Distribution Transformer Market | India Automated Fare Collection Systems Market | India Diesel Engine Market | India Diesel Genset Market (2018-2024)

Saudi Arabia Circuit Breaker Market

Saudi Arabia Circuit Breaker Market Size is projected to reach $2.2 billion by 2024. According to the Saudi Vision 2030 initiative, the government plans on reducing the country's dependence on oil-sector revenues and focus on developing and strengthening its non-oil economy. The Saudi Arabia circuit breaker market share is dominated by the low voltage segment in revenue terms. In the high voltage category, gas insulated circuit breakers hold majority of the revenue share. Eastern region of Saudi Arabia held the largest market share in terms of revenue in 2017.

Middle East Unmanned Aerial Vehicle Market

Middle East Unmanned Aerial Vehicle Market size is projected to grow at a CAGR of over 30% during 2018-24. Defense UAV segment accounted for majority of the Middle East Unmanned Aerial Vehicle market share owing to increasing purchase of these by various countries in the Middle East region. Chinese manufacturers have displayed a positive inclination to supply armed UAVs to countries such as Iraq and Saudi Arabia, which has increased their penetration in the Middle East region. Additionally, Israel and Turkey have upgraded and increased domestic production of the defense UAVs, and are soon expected to compete in the Middle East region.

Saudi Arabia Industrial Boilers Market

Saudi Arabia Industrial Boilers market size is projected to grow at a CAGR of 5.0% during 2018-24. The revenues for Saudi Arabia Industrial boilers market forecast period is anticipated to register moderate growth on account of growing demand for refined petroleum products and rising steam demand in processing industries. Diversification of economy would further boost Saudi Arabia industrial boilers market shares in pharmaceutical, chemical, textile, plastic and cement industries. Growing tourism and hospitality sector in the country would be the key factors that would spur the market for industrial boilers in Saudi Arabia.

Saudi Arabia Power and Distribution Transformer Market

Saudi Arabia power and distribution transformer market size is projected to grow at a CAGR of 2.4% during 2018-24. Saudi Arabian government is taking major steps to strengthen the non-oil sectors due to recent decline in crude oil prices, which has adversely affected the market during the last 3 years. With expected recovery of crude oil prices and growth in public infrastructure development over next 5 years, the market would rebound during the forecast period.

India Automated Fare Collection Systems Market

India automated fare collection (AFC) systems market size is projected to grow at a CAGR of over 18% during 2018-24. In terms of market applications, the metro railway transport dominated the overall market revenues on account of need for faster and automatic payment solutions across all metro railways in the country. Additionally, with increasing adoption of public transportation primarily, metro railways and rapid bus transport systems in Tier-I and II cities by daily commuters, the AFCS market is anticipated to generate considerable growth prospects over the coming years.

India Diesel Engine Market

India diesel engine market size is projected to grow at a CAGR of 4.9% during 2018-23. In India, major demand for diesel engines is generated from automotive industry due to growing demand for passenger vehicles in domestic and export market. Further, growing retail & logistics industry in the country is also contributing to the increase in sales of commercial vehicle, thus driving diesel engine market. Commercial vehicle segment would drive the India diesel engine market forecast revenues due to high demand for trucks and buses in the country. Further, agricultural sector is the second largest consumer in value terms due to high utilization of diesel engines in farm equipment. With farm mechanization rate at just 40%, India is expected to witness growth in demand for self-propelled farm equipment during the forecast period. Decreasing labor availability and increasing labor cost would also lead to growth in farm equipment.

India Diesel Genset Market

India diesel genset market size is projected to grow at a CAGR of 4.5% during 2018-23. In India, diesel gensets with rating 5kVA-75kVA accounted for majority of the market share in the overall India diesel genset market share due to ease of availability, low cost and wide range of usage across various applications. The 5kVA-75kVA rating genset market is expected to maintain its market dominance throughout the forecast period. Utilization of these gensets across power telecom infrastructure in unreliable and off-grid areas would drive the market.

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