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
One in every nine deaths annually, with almost two-thirds of those deaths in the Western Pacific and Southeast Asia, is due to air pollution, according to the World Health Organization (WHO). In India, the quality of air is depleting every day due to the intensifying level of pollution. The country is home to 13 of the 20 most polluted cities in the world causing some 1.1 million premature deaths in 2015 by dangerous fine particulate matter (PM2.5). In Delhi alone, the annual mean PM2.5 levels are 12.2 times higher than the WHO prescribed safe level (i.e.10 microgram per cubic meter) and 3 times the annual national standard (i.e.40 microgram per cubic meter).
Air Purifier Market In India has witnessed enormous transformation owing to raising awareness on air purifying products over the past 5 years, thus escalating the demand in the country. The rising air pollution in the country has provided the industry a huge opportunity, as these air purifiers help in improving the indoor air quality and eliminate various allergens, bacteria, viruses, and Volatile Organic Compounds (VOC’s).
According to 6Wresearch, air purifier market size & share in India is projected to grow at a CAGR of 26.9% during 2019-25. The growth is attributed to increasing cases of chronic respiratory diseases in the country due to rising air pollution and growing consumer awareness regarding the ill-effects of indoor air pollution and airborne diseases. Further, deteriorating air quality, especially across Tier I and Tier II cities due to increasing construction activities and vehicular emission, would drive India air purifiers market forecast period revenues.
Some of the other key factors expected to drive the market are growing technological advancements, aggressive marketing strategies by air purifier companies, increasing incidences of airborne diseases and aspiration to lead a healthier lifestyle are anticipated to boost demand for air purifiers in India.
Beholding the immense scope for growth in the Indian Air purifying industry, many international consumer electronics brands are now getting looking at the Indian market for seeking feasible expansion opportunities in the country.
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