Thailand UPS Systems Market | Vietnam Solar Inverter Market | Middle East Structured Cabling Market | Kuwait Air Compressor Market | Indonesia Diesel Genset Market (2018-2024)

Thailand UPS Systems Market 

Thailand UPS market size is projected to grow at a CAGR of 5.7% during 2018-24. Growing IT infrastructure and need for power back up solutions would spur the market for UPS systems in Thailand. Expected growth in the country's commercial and industrial sectors on account of significant emphasis on the manufacturing and healthcare industries would drive the demand for UPS systems during the forecast period. Thailand has recently introduced the ICT Policy Framework 2020, which aims number of development strategies and goals, which include universal broadband, competent ICT workforce, competitive ICT industry, and digital government, etc., would fuel the market for UPS systems in the country.

Vietnam Solar Inverter Market

Vietnam solar inverter market size is projected to reach $43.8 million by 2024. The government originally planned to develop 850 MW of solar projects before 2020 under the latest revision of the National Power Development Masterplan (PDP VII). However, the MoIT (Ministry of Industry and Trade) has approved around 70 solar projects with a total capacity of over 3,000 MW which would be commissioned before June 30, 2019. The original aim of 850 MW by 2020 would be exceeded due to the new solar tender being approved by the government, which would act as a catalyst for the growth of solar inverter market over the coming years.

Middle East Structured Cabling Market

Middle East structured cabling market size is projected to grow at a CAGR of 7.1% during 2018-24. By product type, the cables segment held the highest Middle East structured cabling market share in 2017, owing to the high volume of cables used across multiple domains - large infrastructure projects, data centers, hospitality sector and even smart homes. Additionally, due to the comparatively shorter life cycle of cabling components, the market for structured cabling components is expected to grow at a healthy rate in the years to come.

Kuwait Air Compressor Market

Kuwait air compressor market size is forecast to grow at a CAGR of 3.9% during 2018-24. Major drop in oil prices in 2014 led to the downfall of the oil & gas industry in the country, resulting in a negative growth of Kuwait air compressor market. The stabilizing of oil prices and the increasing role of non-oil sector is expected to lead to positive growth of Kuwait air compressor market in 2018. The ambitious Kuwait Vision 2035 Plan, which aims to diversify the economy, is revitalizing the construction market in the country. Ongoing and upcoming infrastructural advancement in Kuwait is further escalating the demand for air compressors in the country.

Indonesia Diesel Genset Market

Indonesia Diesel Genset Market Size is projected to grow at a CAGR of 2.9% during 2018-24. The demand and supply gap of electricity is one of the major reasons which has led to high usage of diesel gensets in Indonesia. The growth of telecom infrastructure in Surabaya, Sulawesi and Papua islands of Indonesia along with an increase in the energy demand, especially from the commercial and industrial sectors would increase the market for diesel gensets as an auxiliary source of power at times of no grid supply. Amongst all the sectors, the commercial, Industrial and Tourism sector accounted for the highest Indonesia diesel genset market share in 2017. 

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