Group items tagged

Government support with focus on water and environment fuels growth in the water and wastewater management market in India. The vast generation of wastewater in the country and related environmental degradation has long hinted at the need for having an efficient wastewater treatment mechanism in place. With gradual awareness and near-saturation levels of consumable water, Government is now focusing on this sector which is forecasted to exhibit steady growth over the next five years. While various policies are being drafted by the government to foster economic growth, an essential ingredient for progress of a country lies in mitigating water related woes and efficient water management.

The South Korean pharmaceutical industry is highly fragmented, with almost all the domestic pharmaceutical companies having a strong portfolio of generic products rather than expensive, branded drugs. An increase in insurance coverage, an ageing population and favorable government initiatives are expected to drive future growth in the pharmaceutical industry in South Korea. Improved intellectual property rights, changing demographics and government support have contributed towards making the South Korean pharmaceutical industry attractive for MNCs.

The global touchless sensing equipment market is anticipated to grow at a CAGR of 32.2% over 2012 to 2016. The global touchless sensing equipment market has also been witnessing rapid technological advancement. However, touchless sensing equipment is not 100% accurate which could pose a challenge to the growth of this market. Growing need for high-level security in the government sector is set to drive the global touchless sensing equipment market.

Various governments across the globe have been supporting the implementation of smart grids across many end-user sectors. Funds are being raised to support the deployment of smart grids along with new technologies and solutions. This is also the main reason why smart grid managed services vendors across the globe are investing in such solutions.

According to gas and oil industry analysis, the present economic conditions in Africa and East Europe are deemed to be unfavorable. New government proposals in addition to legislation and the state of the global economy are the key concerns among global oil and gas industry executives. Optimism towards industry and company growth has reduced due to factors such as continuation of the Euro-zone crisis, rising exploration costs, new competition, and lack of political stability or social unrest in areas of operation.

Netscribes latest market research report titled Construction Equipment Market in India 2014 captures the largest segment of the overall domestic construction equipment market. Construction comprises the second largest sector within the Indian economy. The domestic construction equipment market is expected to witness dynamic growth in the near future owing to government investments in infrastructure, coupled with the rapid expansion of the real estate sector.

Thermal power generation contributed the highest share of 71.6% of total power generation in 2012, followed by renewable and hydropower in Philippines, which contributed shares of 15.4% and 13% respectively. Continued growth in power generation has led the government of the Philippines to focus on the expansion of the role of renewable energy in power generation.

Several government and industry bodies are working towards developing the market and wind energy producers are being provided various incentives. Majority of the players operating in the market are foreign companies and there is stiff competition among these players.