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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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Australia Low Voltage Electric Motor Market - Malaysia Low Voltage Electric Motor Market - Thailand Low Voltage Electric Motor Market - Kazakhstan Diesel Genset Market

Australia Low Voltage Electric Motor Market

According to 6Wresearch, Australia low voltage electric motor market size is projected to grow at a CAGR of 3.6% during 2019-25. The industrial segment acquired the highest revenue share, however the commercial sector is expected to witness the maximum growth in future owing to heavy investment across the development of commercial spaces across the central business districts of Sydney and Melbourne. Additionally, power utility and water treatment sectors are also anticipated to flourish due to favorable government initiatives towards implementing world-class facilities of wastewater treatment, drinking water treatment and desalination plants. This in turn, would spur the demand for low voltage electric motors across the region during the forecast period.

Malaysia Low Voltage Electric Motor Market

According to 6Wresearch, Malaysia low voltage electric motor market size is projected to grow at a CAGR of 5.6% during 2019-25. The industrial segment is expected to acquire the highest revenue share in future due to considerable growth in the respective segment, owing to booming manufacturing and export-oriented activities. Favorable industrial activities in the country has further accelerated manufacturing production index which is projected to expand at 4.7% in 2019. Additionally, expenditure incurred by the private sector which gets channeled into the service and manufacturing sectors would further spur the demand for low voltage electric motors across the region during the forecast period.

Thailand Low Voltage Electric Motor Market

According to 6Wresearch, Thailand low voltage electric motor market size is projected to grow at a CAGR of 6.2% during 2019-25. The industrial segment is expected to acquire the highest revenue share in future due to favorable government initiatives to strengthen the manufacturing sector and diversify the economy by building new industries in the regions of Chonburi, Rayong, and Chachoengsao under the Eastern Economic Corridor (EEC) initiative. Moreover, Thailand stands as one of the major automobile producers in the APAC region. Additionally, government inclination towards increasing production of vehicles in passenger and commercial segments would result in surge in the number of automobile industries, that would in turn spur the demand for low voltage electric motors across the region during the forecast period.

Kazakhstan Diesel Genset Market

According to 6Wresearch, Kazakhstan diesel genset market size is projected to grow at a CAGR of 2.8% during 2019-2025. Diesel generators up to 60 kVA acquired majority of the volume share in the diesel generators market owing to rising demand for such generators in the commercial and industrial domains. Additionally, these segments are expected to undergo a healthy growth owing to positive outlook for the oil and gas sector over the coming years. This would prove beneficial for the growth of low kVA rating diesel gensets in the country.
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