The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: This quarter our core assumptions for the sector remain virtually unchanged. We continue to
expect growth in Kazakhstan's power sector over BMI's 10-year forecast period to 2025, in terms of
generation and consumption. Although coal will continue to maintain its dominance over our ten-year
forecast period to 2025, non-hydro renewables will grow rapidly, with a slew of foreign-financed wind and
solar projects in the pipeline. The government also plans to restart the exploitation of nuclear energy,
helped by Kazakhstan's vast uranium wealth. Power production will comfortably meet demand, with
Kazakhstan's dependence on energy imports decreasing over our forecast period.
? We expect the Kazakh solar power sector to register limited growth over the next five years, as a result of
the sporadic completion of only a small number of solar power projects. This will be in large part the
result of investment prospects in the sector being undermined by uncertainty over the country's economic
outlook and Kazakhstan's challenging business environment.
? Our Country Risk team believes that the Kazakhstan economy has turned the corner and a gradual
recovery is in sight over the coming quarters as oil prices stabilise and gain a degree of traction, and
forecast real GDP to expand by 1.5% and 2.4% in 2016 and 2017, respectively. The recovery in oil prices
also bodes well for ongoing oil projects in the country and these are likely to lead to continued inflows of
foreign direct investment (FDI) inflows as well as improvements to the country's infrastructure. This will
be positive for longer-term growth as Kazakhstan's infrastructure remains fairly weak.