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
Market Forecast By Types (AC Drive, DC Drive and Servo Drive), By Voltage (Low Voltage (Low Horsepower, Medium Horsepower, High Horsepower and Very high Horsepower) and Medium Voltage)), By OEM (Rotating Equipment, Material handling, Material Working and Others), By End Users (Oil & Gas, Metal, Mineral and Mining, Water & waste water, Consumer Products, Chemical & Petrochemicals, Transportation and Infrastructure, Solar System and Others), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape.
According to 6Wresearch, India variable frequency drives (VFD) market size is projected to grow at a CAGR of over 6.1% from 2019 to 2025. AC drives captured majority of the market share in 2018 and is anticipated to contribute significantly in India variable frequency drives market forecast period revenues. The energy saving capacities and replacement ability of AC drives are the key growth drivers for AC segment. Additionally, advanced functionality, system reliability and cost-effectiveness of AC drives are few other contributors catalyzing its growth. However, DC drives segment share in the overall India Variable Frequency Drives Market share is expected to decline over the coming years.
Amongst various end-users, metal, mineral, mining, water & wastewater treatment, chemical & petrochemical industries have majorly installed variable frequency drives to achieve operational efficiency and reduce their carbon footprints. During the forecast period, mineral, metal, and mining, water and wastewater treatment are likely to exhibit surging growth owing to huge investment on account of water pollution and increasing government norms to achieve energy efficiency.
India Variable Frequency Drives Market report thoroughly covers variable frequency drives market by OEM applications, end users, voltage levels and types of drives. The India Variable Frequency Drives Market outlook report provides an unbiased and detailed analysis of the on-going India Variable Frequency Drives Market trends, opportunities/ high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
India Variable Frequency Drives Market
India Variable Frequency Drives Market Report
India Variable Frequency Drives Market Overview
India Variable Frequency Drives Market Trends
India Variable Frequency Drives Market Size
India Variable Frequency Drives Market Share
India Variable Frequency Drives Market Forecast
India Variable Frequency Drives Market Revenue
India Variable Frequency Drives Market Outlook
Market Report : https://www.6wresearch.com/market-reports/india-variable-frequency-drives-market-2019-2025-forecast-by-types-ac-dc-servo-drive-voltage-oem-competitive-landscape.html
Press Release : https://www.6wresearch.com/press-releases/india-variable-frequency-drives-market-share-forecasts-size-growth-opportunity-cagr-trends-industry-media-news.html
ABOUT US
6Wresearch is the premier, one stop market intelligence and advisory centre, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
For Further details, please contact:
Website: www.6wresearch.com
Phone: +911143024305
Email ID: sales@6wresearch.com
According to 6Wresearch, India variable frequency drives (VFD) market size is projected to grow at a CAGR of over 6.1% from 2019 to 2025. AC drives captured majority of the market share in 2018 and is anticipated to contribute significantly in India variable frequency drives market forecast period revenues. The energy saving capacities and replacement ability of AC drives are the key growth drivers for AC segment. Additionally, advanced functionality, system reliability and cost-effectiveness of AC drives are few other contributors catalyzing its growth. However, DC drives segment share in the overall India Variable Frequency Drives Market share is expected to decline over the coming years.
Amongst various end-users, metal, mineral, mining, water & wastewater treatment, chemical & petrochemical industries have majorly installed variable frequency drives to achieve operational efficiency and reduce their carbon footprints. During the forecast period, mineral, metal, and mining, water and wastewater treatment are likely to exhibit surging growth owing to huge investment on account of water pollution and increasing government norms to achieve energy efficiency.
India Variable Frequency Drives Market report thoroughly covers variable frequency drives market by OEM applications, end users, voltage levels and types of drives. The India Variable Frequency Drives Market outlook report provides an unbiased and detailed analysis of the on-going India Variable Frequency Drives Market trends, opportunities/ high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
India Variable Frequency Drives Market
India Variable Frequency Drives Market Report
India Variable Frequency Drives Market Overview
India Variable Frequency Drives Market Trends
India Variable Frequency Drives Market Size
India Variable Frequency Drives Market Share
India Variable Frequency Drives Market Forecast
India Variable Frequency Drives Market Revenue
India Variable Frequency Drives Market Outlook
Market Report : https://www.6wresearch.com/market-reports/india-variable-frequency-drives-market-2019-2025-forecast-by-types-ac-dc-servo-drive-voltage-oem-competitive-landscape.html
Press Release : https://www.6wresearch.com/press-releases/india-variable-frequency-drives-market-share-forecasts-size-growth-opportunity-cagr-trends-industry-media-news.html
ABOUT US
6Wresearch is the premier, one stop market intelligence and advisory centre, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
For Further details, please contact:
Website: www.6wresearch.com
Phone: +911143024305
Email ID: sales@6wresearch.com
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