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Showing posts from October, 2020

Middle East Earthmoving Equipment Market (2021-2027)

  Market Forecast By Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain, And Turkey), By Product (Excavators, Loaders, Dump Trucks, Others), By Application (Construction, Mining, Agriculture & Forestry, Others), And Competitive Landscape According to 6Wresearch, Middle East Earthmoving Equipment Market size is anticipated to witness growth during 2021-2027.   Recent initiatives taken by governments of several countries to revive the region’s economy from a worldwide crisis would support the growth of the Earthmoving Equipment market in the Middle East region. For instance, the UAE Central Bank has allocated incentives for SMEs and local banks to revive and develop the construction sector of the region. Additionally, the central bank also declared to offer incentives through collateralized loans at zero cost to all banks operating in the UAE, as well as an additional incentive that would be freed up from lenders’ capital buffers. Mobile cranes and earthmoving equipment do

UAE Software As A Service Market (2020-2026)

  Market Forecast By Deployment (Private Cloud, Public Cloud, Hybrid Cloud), By End Users (Commercial Enterprises, BFSI (Banking, Financial Services, And Insurance), Hospitality And Healthcare, Industrial And Manufacturing, Government And Transportation, Others (Power Utilities, Water Treatment Plants), By Applications (Customer Relationship Management, Human Capital Management, Enterprise Resource Planning, Operations And Manufacturing, Content Management System, Supply Chain Management, Others (Security Management, Transaction Processing)) And Competitive Landscape According to 6wresearch, UAE Software as a Service Market size is expected to grow during 2020-2026. In terms of deployment, the public cloud segment is anticipated to dominate a major revenue share in the software as a service (SAAS) market during the forecast period in UAE on account of growing security concerns, easy integration, cost-effectiveness, and flexibility coupled with minimum risk. Key Highlights UAE Softwar

Saudi Arabia Asphalt Paver Market (2020-2026)

  Market Forecast By Types (Track Pavers, Wheel Pavers, Screeds), By Pavement Width (Less Than 2.5 Meters, 2.5-5 Meters, More Than 5 Meters), By Technology Type (Hydrostatic, Mechanical), By Applications (Highway, Urban Road & Others) And Competitive Landscape According to 6wresearch, Saudi Arabia Asphalt Paver Market is expected to grow during 2020-2026. Saudi Arabia is one of the fastest-growing nations in the Middle East and various upcoming road development projects in Saudi Arabia would encourage the demand for asphalt pavers in the region. Moreover, Qiddiya entertainment city, King Fahd Medical City Expansion, and Riyadh Rapid Bus Transit System are some major projects which would accelerate the demand for asphalt pavers in the region. Key Highlights of the Report: Saudi Arabia Asphalt Paver Market Overview Saudi Arabia Asphalt Paver Market Outlook Saudi Arabia Asphalt Paver Market Forecast Historical Data of Saudi Arabia Asphalt Paver Market Revenues and Volumes for the Per

Qatar Electric Motor Market (2020-2026)

  Market Forecast By Voltage (Low, Medium, High), By Types (AC, DC), By Applications (Pump, Fan, Conveyor, Compressors & Others), By End-Users (Industrial Processing, Commercial HVAC, Automotive, Consumer Appliances, Power Generation & Others (Defense, Agriculture, Waste Water Management)) And Competitive Landscape According to 6Wresearch, Qatar Electric Motor Market size is expected to witness substantial growth during 2020-2026. In Qatar the market is expected to witness a downfall in the economic growth during 2020 due to the coronavirus pandemic adversely impacting the business operations in the country. However, the economic growth is expected to recover by 2021 which would promote the growth of the electric motor market due to the flourishing commercial sector along with upcoming construction projects in align with Qatar National Vision 2030 such as Lusail city, Mega water reservoir project, and several others. Additionally, expansion of automotive manufacturing and incr

Latin America Industrial Refrigeration Systems Market (2020-2026)

  Market Forecast By Equipment (Compressor, Condensers, Evaporators, Controls & Others (Pumps, Valves, Vessels And Auxiliary Equipment)), By Refrigerants (Ammonia, Carbon Dioxide, Hydro-Chlorofluorocarbons, Others (Chlorofluorocarbon, Fluorocarbon, Hydrocarbon, Air And Water)), By Applications (Food & Beverage, Oil & Gas, Chemicals & Petrochemicals & Others), By Countries (Mexico, Brazil, Argentina & Rest Of Latin America Region) And Competitive Landscape According to 6Wresearch, Latin America Industrial Refrigeration Systems Market size is anticipated to register growth during 2020-26. the Latin American market is expected to recover by the first quarter of 2021 on the back of expanding the industrial sector in the region. Mexico and Brazil are the leading revenue-generating countries in the Latin America industrial refrigeration market owing to the presence of large industrial sectors in the countries. Based on applications, the food & beverage segment ac

Africa Farm Tractor Market (2020-2026)

Market Forecast By Horsepower Rating (Below 40 Hp, 40 Hp – 100 Hp, Above 100 Hp), By Drive Type (Two-Wheel Drive, Four-Wheel Drive), By Countries (South Africa, Kenya, Nigeria, Morocco, Algeria & Rest Of Africa) And Competitive Landscape According to 6Wresearch, Africa Farm Tractor Market size is anticipated to register growth during the forecast period 2020-26F. South Africa Farm Tractor market is expected to register remarkable growth projections in the upcoming six years in the overall Africa farm tractor market owing to rising demand for food grains across the country coupled with growth and development of the agriculture sector. The country is taking continuous steps towards sound crop production and progressive development of the agriculture sector, thus leading to an increase in the demand for farm tractors Key Highlights Historical Data of Africa Farm Tractor Market Revenues for the Period 2016-2019. Market Size & Forecast of Africa Farm Tractor Market Revenues until

South Africa Alcoholic Beverage Market (2020-2026)

Market Forecast By Types (Beer, Spirit, Wine), By Packaging (Plastic Bottles, Glass Bottles, Cans), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores, Specialty Stores, Restaurants/Bars) And Competitive Landscape According to 6Wresearch, South Africa Alcoholic Beverage Market is anticipated to witness growth during the forecast period 2020-26F. The spread of the COVID-19 virus is likely to contribute towards the decline of the alcoholic beverage industry in the country in the first few months of 2020 on the back of laws imposed by the South African government to ban the manufacture as well as sales of alcohol during the lockdown period. would lead to a decline in revenues of the South Africa Alcoholic Beverage market during 2020. However, the measures would be relaxed as the outbreak registers slowdown, thus leading to a recovery in the latter part of 2020. Key Highlights of the Report: South Africa Alcoholic Beverage Market Overview South Africa Alcoholic Bev

Saudi Arabia Vehicle Leasing Market (2020-2026)

  Market Forecast By Lease Type (Open Ended, Close Ended), By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)) And Competitive Landscape According to 6wresearch, Saudi Arabia Vehicle Leasing Market size is expected to grow during 2020-2026. In terms of lease type, the open-ended segment is expected to dominate the vehicle leasing market revenue share during the forecast period in Saudi Arabia on account of flexible terms, provides superior control over the asset utilization and disposal, and the open-ended lease is majorly used in commercial business. The market in Saudi Arabia is expected to witness a negative growth in the economy during the first quarter of 2020 owing to the coronavirus pandemic which has spread a worse impact on the business worldwide. Key Highlights Saudi Arabia Vehicle Leasing Market Overview Saudi Arabia Vehicle Leasing Market Outlook Saudi Arabia Vehicle Leasing Market Forecast Historical Data of Saudi Arabia Vehicl

Nigeria Electric Motor Market (2020-2026)

  Market Forecast By Voltage (Low, Medium, High), By Types (AC, DC), By Applications (Pump, Fan, Conveyor, Compressors & Others), By End-Users (Industrial Processing, Commercial HVAC, Automotive, Consumer Appliances, Power Generation & Others (Defense, Agriculture, Waste Water Management)) And Competitive Landscape According to 6Wresearch, Nigeria Electric Motor Market size is anticipated to register substantial growth during the forecast period 2020-2026. Nigeria’s economy is likely to witness a downfall during 2020 due to the spread of global pandemic coronavirus and is likely to obstruct the electric motor market growth. However, during the initial months of 2021, the Nigerian economy is expected to revive which would promote the growth of the electric motor market. The growth in the electric motor market is mainly attributed by factors such as rising levels of electricity consumption in the commercial sectors, growing demand for automotive electric motors owing to stringe

Nigeria Asphalt Paver Market (2020-2026)

  Market Forecast By Types (Track Pavers, Wheel Pavers, Screeds), By Pavement Width (Less Than 2.5 Meters, 2.5-5 Meters, More Than 5 Meters), By Technology Type (Hydrostatic, Mechanical), By Applications (Highway, Urban Road & Others) And Competitive Landscape According to 6wresearch, Nigeria Asphalt Paver Market is expected to grow during 2020-2026. Nigeria is one of the fastest-growing countries in the African subcontinent and has garnered the attraction of several investors for road construction projects in the country, resulting in a positive impact on the Asphalt Paver market in Nigeria over the coming period. Asphalt Paver market in Nigeria would register moderate growth over the forthcoming years on account of the increasing investments by the private sectors in the retail and commercial sectors coupled with the increasing awareness about energy conservation. Key Highlights of the Report: Nigeria Asphalt Paver Market Overview Nigeria Asphalt Paver Market Outlook Nigeria As

Asia Pacific (APAC) Industrial Refrigeration Systems Market (2020-2026)

  Market Forecast By Equipment (Compressor, Condensers, Evaporators, Controls & Others (Pumps, Valves, Vessels And Auxiliary Equipment)), By Refrigerants (Ammonia, Carbon Dioxide, Hydro-Chlorofluorocarbons, Others (Chlorofluorocarbon, Fluorocarbon, Hydrocarbon, Air And Water)), By Applications (Food & Beverage, Oil & Gas, Chemicals & Petrochemicals & Others), By Countries (India, China, Japan, Australia, Indonesia, Thailand, Malaysia & Rest Of Asia Pacific Region) And Competitive Landscape According to 6Wresearch, Asia Pacific (APAC) Industrial Refrigeration Systems Market size is anticipated to register growth during 2020-26. The market is expected to register a decline in demand during 2020 due to the global pandemic COVID-19, which has affected the businesses in the Asia Pacific region, resulting in a decline in the manufacturing of the products. However, the market is expected to recover by the first quarter of 2021.  Key Highlights of the Report: Asia Paci

Qatar Protective Relay Market (2020-2026)

Market Forecast By Voltage (Low Voltage Protective Relay, Medium Voltage Protective Relay, High Voltage Protective Relay), By Applications (Feeder Protection, Transmission Line Protection, Transformer Protection, Motor Protection & Others), By End Users (Industrial, Power Utilities & Other) And Competitive Landscape According to 6Wresearch, Qatar Protective Relay Market size is anticipated to register growth during 2020-26. On the basis of end-users, the construction sector is anticipated to register the highest growth rate in the overall Qatar protective relay market during the forecast period owing to huge investments by the country’s government in residential and commercial construction. Additionally, efforts of the government towards the expansion of distribution and transmission networks across the country in the coming years are expected to propel the market growth for the protective relay market in Qatar. Key Highlights of the Report: Qatar Protective Relay Market Over

Asia Pacific (APAC) Compact Track And Multi-Terrain Loader Market (2020-2026)

  Market Forecast By Operating Capacity (Small Operating Capacity Compact Track And Multi-Terrain Loaders (Less Than 2000 Lbs), Medium Operating Capacity Compact Track And Multi-Terrain Loaders (2000-3000 Lbs), Large Operating Capacity Compact Track And Multi-Terrain Loaders (Above 3000 Lbs)), By Engine Capacity (Small Engine Capacity Compact Track And Multi-Terrain Loaders (Up To 65 HP), Medium Engine Capacity Compact Track And Multi-Terrain Loaders (65-80 HP), Large Engine Capacity Compact Track And Multi-Terrain Loaders (Above 80 HP)), By Lift Paths (Radial Lift Path Compact Track And Multi-Terrain Loaders, Compact Lift Path Compact Track And Multi-Terrain Loaders), By Products (Rubber-Tracked Compact Track And Multi-Terrain Loaders, Steel-Tracked Compact Track And Multi-Terrain Loaders), By Applications (Construction, Landscape And Maintenance, Forestry & Agriculture, Infrastructure, Mining  & Other (Residential, Commercial, Etc.)), By Countries (China, India, Japan, South

Kuwait Building Energy Management System Market (2020-2026)

  Market Forecast By Products (Security And Access Control System, Fire Protection System, Lighting Control System, HVAC Control System, Building Energy Management Services), By Control Technology (Wired, Wireless), By Applications (Residential Buildings, Commercial Buildings, Industrial Buildings) And Competitive Landscape According to 6wresearch, Kuwait Building Energy Management System Market size is expected to grow during 2020-2026, In terms of End-user, the commercial and industrial segments are expected to lead a major revenue share in the building energy management system market during the forecast period in Kuwait on account of the growing new infrastructural projects coupled with the growing investment and the growing constructional projects in the industrial and commercial sector. Key Highlights of the Report: Kuwait Building Energy Management System Market Overview Kuwait Building Energy Management System Market Outlook Kuwait Building Energy Management System Market Fore

Middle East Automotive Gearbox Market (2020-2026)

Market Forecast By Application (Automotive Transmission, Automated Manual Transmission, Dual Clutch Transmission, Manual Transmission), By Number Of Gears (3 – 5 Number Of Gears, 6 – 8 Number Of Gears, Above 8 Number Of Gears), By Vehicle Type (Passenger Cars, Trucks, Buses), By Countries (Kuwait, Qatar, Turkey, Bahrain, Oman, UAE, Saudi Arabia & Rest Of Middle East) And Competitive Landscape According to 6Wresearch, Middle East Automotive Gearbox Market size is anticipated to register growth during the forecast period 2020-26F. Saudi Arabia automotive gearbox market is expected to witness the highest growth rate in the upcoming six years owing to increased sales of cars in the country on the back of regulations passed by the Saudi government towards liberalization of women for driving. Additionally, urbanization and industrialization in the country is expected to increase the demand for luxury and off-highway vehicles in Saudi Arabia and is anticipated to create demand for the Sa

Saudi Arabia Compact Track And Multi-Terrain Loader Market (2020-2026)

Market Forecast By Operating Capacity (Small Operating Capacity Compact Track And Multi-Terrain Loaders (Less Than 2000 Lbs), Medium Operating Capacity Compact Track And Multi-Terrain Loaders (2000-3000 Lbs), Large Operating Capacity Compact Track And Multi-Terrain Loaders (Above 3000 Lbs)), By Engine Capacity (Small Engine Capacity Compact Track And Multi-Terrain Loaders (Up To 65 HP), Medium Engine Capacity Compact Track And Multi-Terrain Loaders (65-80 HP), Large Engine Capacity Compact Track And Multi-Terrain Loaders (Above 80 HP)), By Lift Paths (Radial Lift Path Compact Track And Multi-Terrain Loaders, Compact Lift Path Compact Track And Multi-Terrain Loaders), By Products (Rubber-Tracked Compact Track And Multi-Terrain Loaders, Steel-Tracked Compact Track And Multi-Terrain Loaders), By Applications (Construction, Landscape And Maintenance, Forestry & Agriculture, Infrastructure, Mining  & Other (Residential, Commercial, Etc.)) And Competitive Landscape According to 6Wres

Kenya Hand Sanitizer Market (2020-2026)

Market Forecast By Product Type (Non-Alcohol Based, Alcohol Based), By Product Form (Gel, Foam, Spray & Others), By Distribution Channel (Online, Offline), By End Users (Healthcare, Domestic Household, Educational Institution, Hospitality & Others (Public & Private Offices, Retail, Transportation, Etc.)) And Competitive Landscape According to 6Wresearch, Kenya Hand Sanitizer Market size is anticipated to register growth during 2020-2026. Kenya is struggling in terms of an advanced healthcare system with the lack of several facilities amid the COVID-19 outbreak. There has been a sudden upsurge in the demand for hand sanitizers and relatable products amidst growing fear and necessity to take preventive measures resulting in the shortage of hand sanitizers across the country. However, the government is ensuring an adequate supply of hand sanitizers to cater to the scarcity. On account of such prevailing chronic conditions in the country, considerable market growth is expecte

United Arab Emirates Electric Motors Market (2020-2026)

  Market Forecast By Voltage (Low, Medium, High), By Types (AC, DC), By Applications (Pump, Fan, Conveyor, Compressors & Others), By End-Users (Industrial Processing, Commercial HVAC, Automotive, Consumer Appliances, Power Generation & Others (Defense, Agriculture, Waste Water Management)) And Competitive Landscape According to 6Wresearch, United Arab Emirates Electric Motors market size is expected to register a growth during 2020-2026. The business operations in United Arab Emirates would be hampered during 2020 due to the outbreak of the coronavirus pandemic which is likely to derail the growth of electric motors market in the initial months of 2020. However, the government with respect to UAE Vision 2021 initiative encourages the adoption of electric vehicles and the market for electric vehicles is expected to reach US$ 298 Million by 2024. Furthermore, Dubai Electricity and Water Authority (DEWA) and Road Transport Authority (RTA) would contribute to the growth of the el

Argentina Air Purifier Market (2020-2026)

  Market Forecast By Technology (Type-I (HEPA + Carbon), Type-II (HEPA + Carbon + Ionizer), Type-III (HEPA + Carbon+ UV), Type-IV (HEPA + Carbon + Electrostatic), Type-V (HEPA + Carbon + Ionizer + UV + Electrostatic), Other Technologies), By Applications (Residential, Commercial, Industrial), By CADR Values (Low (Up To 250 M3/H), Medium (251 To 500 M3/H), High (Above 500 M3/H)) And Competitive Landscape According to 6WResearch, Argentina Air Purifier Market size is projected to grow at a CAGR of 4.0% during 2020-2026. The air purifier market in Argentina is relatively newer and smaller in size as air purifiers are not that prevalent in the country owing to the government’s inadequate air quality measuring system. Various authorities revealed that several areas in Buenos Aires have air pollution levels above the recommended thresholds set by the World Health Organization (WHO). However, increasing awareness about health hazards and rising per capita income would bode well for the air

UAE Industrial Refrigeration Systems Market (2020-2026)

Market Forecast By Equipment (Compressor, Condensers, Evaporators, Controls & Others (Pumps, Valves, Vessels And Auxiliary Equipment)), By Refrigerants (Ammonia, Carbon Dioxide, Hydro-Chlorofluorocarbons, Others (Chlorofluorocarbon, Fluorocarbon, Hydrocarbon, Air And Water)), By Applications (Food & Beverage, Oil & Gas, Chemicals & Petrochemicals & Others) And Competitive Landscape According to 6Wresearch, UAE Industrial Refrigeration Systems Market size is anticipated to register growth during 2020-26. UAE industrial refrigeration systems market is expected to register high growth during 2021-2026. The growing demand for the pharmaceutical industry in the country would lead to a surge in construction projects in the industrial sector, which would to an increase in demand for Industrial Refrigeration Systems in the country during the forecast period. Key Highlights of the Report: UAE Industrial Refrigeration Systems Market Overview UAE Industrial Refrigeration Syst

Asia Pacific (APAC) Electric Motor Market (2020-2026)

Market Forecast By Types (AC Electric Motor And DC Electric Motor), By Power Output (Fractional Horsepower And Integral Horsepower), By Voltage (Low Voltage, Medium Voltage And High Voltage), By Application (Pumps, Fans, Compressors, Conveyors And Others (Centrifuges, Extruders And Winches)), By End-User (Industrial Machinery, HVAC Equipment, Automobile, Consumer Appliances, Aerospace & Transportation, Power Generation And Others Commercial Application (Agriculture And Mining)), By Countries (India, China, Japan, Indonesia, Malaysia, Australia, Thailand, Rest Of APAC) And Competitive Landscape According to 6wresearch, Asia Pacific (APAC) Electric Motor Market size is expected to grow during 2020-2026. In terms of power output, the integral horsepower segment is anticipated to dominate the electric motor market revenue share in the Asia Pacific owing to rising demand for electric motors in commercial and household appliances. Moreover, the market in the Asia Pacific is anticipated t

Middle East Vehicle Leasing Market (2020-2026)

  Market Forecast By Lease Type (Open Ended, Close Ended), By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), By Countries (UAE, Kuwait, Oman, Qatar, Saudi Arabia, Turkey, Bahrain & Rest Of Middle East) And Competitive Landscape According to 6wresearch, Middle East Vehicle Leasing Market size is expected to grow during 2020-2026. The Middle East market is expected to register a decline in the automotive industry as well as in the economic growth during the first quarter of 2020 on account of the outbreak of COVID-19 which has a worse impact on worldwide business. However, the market in the Middle East is anticipated to register a healthy growth and recovery in the economic condition during the second half of 2020-2026. In terms of lease type, the open-ended segment is expected to lead the vehicle leasing market revenue share in the Middle East as the open-ended leases provide superior control of asset utilization and disposal and also

Europe Protective Relay Market (2020-2026)

Market Forecast By Voltage (Low Voltage Protective Relay, Medium Voltage Protective Relay, High Voltage Protective Relay), By Applications (Feeder Protection, Transmission Line Protection, Transformer Protection, Motor Protection & Others), By End Users (Industrial, Power Utilities & Other), By Countries (Spain, Italy, France, Germany, UK & Rest Of Europe) And Competitive Landscape According to 6Wresearch, Europe Protective Relay Market size is anticipated to register growth during 2020-26. An increase in electricity consumption coupled with a rising need for safe electric supply in the European countries is anticipated to trigger the European protective relay market growth in the near future. Many countries across the European region are still relying on older systems for power generation and need up-gradation. A spur in the advanced power generation plants in the developed countries across the region is anticipated to increase the demand for protective relays across the

Romania Building Energy Management System Market (2020-2026)

Market Forecast By Components & Services (Hardware (Sensors, Controllers, Actuators & Others), Software, Services), By Technology (Wired, Wireless), By End Users (Residential, Commercial, Industrial), By Applications (Space Heating, Computers & Office Equipment, Lighting, Air Conditioners & Others) And Competitive Landscape According to 6wresearch, Romania Building Energy Management System Market size is expected to grow during 2020-2026. Romania’s market is expected to register negative growth in the demand for building energy management systems as well as in the economy during the first quarter of 2020 due to the outbreak of COVID-19 which has spread a worse impact on the business worldwide. However, recovery and healthy growth in the economic scenario are expected in the Romania market during the second half of 2020-2026. In terms of technology, the wired segment is dominating the building energy management system market in Romania and in the upcoming years, the wire

Nigeria Compact Track And Multi-Terrain Loader Market (2020-2026)

  Market Forecast By Operating Capacity (Small Operating Capacity Compact Track And Multi-Terrain Loaders (Less Than 2000 Lbs), Medium Operating Capacity Compact Track And Multi-Terrain Loaders (2000-3000 Lbs), Large Operating Capacity Compact Track And Multi-Terrain Loaders (Above 3000 Lbs)), By Engine Capacity (Small Engine Capacity Compact Track And Multi-Terrain Loaders (Up To 65 HP), Medium Engine Capacity Compact Track And Multi-Terrain Loaders (65-80 HP), Large Engine Capacity Compact Track And Multi-Terrain Loaders (Above 80 HP)), By Lift Paths (Radial Lift Path Compact Track And Multi-Terrain Loaders, Compact Lift Path Compact Track And Multi-Terrain Loaders), By Products (Rubber-Tracked Compact Track And Multi-Terrain Loaders, Steel-Tracked Compact Track And Multi-Terrain Loaders), By Applications (Construction, Landscape And Maintenance, Forestry & Agriculture, Infrastructure, Mining  & Other (Residential, Commercial, Etc.)) And Competitive Landscape According to 6Wr

Saudi Arabia Electric Motor Market (2020-2026)

Market Forecast By Types (AC Electric Motor And DC Electric Motor), By Power Output (Fractional Horsepower And Integral Horsepower), By Voltage (Low Voltage, Medium Voltage And High Voltage), By Application (Pumps, Fans, Compressors, Conveyors And Others (Centrifuges, Extruders And Winches)), By End-User (Industrial Machinery, HVAC Equipment, Automobile, Consumer Appliances, Aerospace & Transportation, Power Generation And Others Commercial Application (Agriculture And Mining)) And Competitive Landscape According to 6wresearch, Saudi Arabia Electric Motor Market size is expected to grow during 2020-2026. In terms of end-user, the power generation and industrial machinery segments are dominating the electric motor market revenue share in Saudi Arabia on account of surging power utility in the automotive industry, growing demand for the energy-efficient systems in the manufacturing and construction industry. Based on power output, the fractional horsepower segment is expected to lea