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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
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Africa Solar Water Pump Market | India Self Priming Pumps Market | India Smart TV Market | India Power Tools Market | Middle East Transfer Switch Market (2018-2024)

Africa Solar Water Pump Market

Africa Solar water pump market size is anticipated to grow at a CAGR of 20% during 2018-24. Morocco Government is likely to invest $233 million in solar projects to serve agricultural growth and significant number of pumps are expected to be installed over the next six years. Morocco accounted for the largest Africa Solar water pump market share in 2017 followed by Ethiopia.

India Self Priming Pumps Market

India self priming pump market size is expected to increase at a CAGR of 4.3% during 2018-24. Indian market registered a modest increase in demand for self priming pumps during 2014-17, owing to slowdown in the residential construction activities. However, the market is anticipated to bounce back with expected stability in economy post 2018. The residential and agriculture applications would remain at the forefront and would drive the growth of self-priming pumps in India, however, the industrial application is anticipated to exhibit a higher CAGR during 2018-24.

India Smart TV Market

India smart TV market size is expected to grow at a CAGR of 30.2% during 2018-24. Households in India are at a cusp of transition and a shift in preference has been witnessed from conventional TV sets to smart TV sets. Changing lifestyle of middle income population is attributed to rise in income level, increasing awareness, adoption of new technology and increasing internet penetration. Additionally, government initiatives primarily in tier-II and tier-III cities are some of the key factors which are likely to bolster the growth of Indian smart TV market forecast period revenues. 

India Power Tools Market

India power tools market size is projected to grow at a CAGR of over 8.4% during 2018-24. Electric power tools segment bagged the highest revenue share in 2017. The segment is anticipated to continue its dominance over the coming years on the back of higher performance, cost efficiency, and ease of use. Further, in terms of tool types, concrete segment contributed majority of the revenue share in 2017, followed by metal and wood working segments.

Middle East Transfer Switch Market

Middle East transfer switch market size is projected to grow at a CAGR of 4.8% during 2018-24. UAE, Saudi Arabia and Kuwait government are taking major steps to strengthen the non-oil sectors due to recent decline in crude oil prices, which has adversely affected the market during the last 3 years. With expected recovery of crude oil prices in 2017 and increase in public infrastructure development for next 5 years, the market is likely to rebound during the forecast period. 


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