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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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India Air Conditioner Market | India Lithium Ion Batteries Market | Middle East Diesel Genset Market | India Electric Vehicle Powertrain Systems Market (2017-2023)

India Air Conditioner Market

India Air Conditioner Market size is projected to grow at a CAGR of 8.7% during 2017-23. India Air Conditioner Market is highly competitive and fragmented, with presence of domestic, international, and unorganized market participants. The market is broadly divided into seven prime product segments; wherein split air conditioner segment held major market share owing to high demand from residential and light commercial applications in the overall India Air Conditioner Market share. Under the centralized air conditioner segment, VRF sub-segment is gaining popularity in the market, registering positive growth year-over-year. In India, the Northern region captured major share in the overall air conditioner market followed by the Southern and Western regions.

India Lithium Ion Batteries Market

India Lithium ion Batteries market size is projected to grow at a CAGR of over 27% during 2017-23. Consumer electronics segment captured majority of the market share followed by automotive applications and others. Among various Li-ion chemistries, Lithium Cobalt Oxide (LCO) dominated the market owing to its high usage in consumer electronics.

Middle East Diesel Genset Market

Middle East Diesel Genset market size is anticipated to grow at a CAGR of 4.3% during 2017-23. UAE, Saudi Arabia and Kuwait governments are taking major steps to strengthen the non-oil sectors due to recent decline in crude oil prices, which has impacted the market. With expected recovery of crude oil prices in 2017 and increase in public infrastructure development for next six years, the market would rebound during the forecast period.

India Electric Vehicle Powertrain Systems Market

India electric vehicle powertrain market size is projected to grow at a CAGR of over 26% during 2017-23. Battery EV powertrain systems captured majority of the India electric vehicle powertrain market share in terms of revenues, owing to the subsidies and tax rebates offered by government to EV users and manufacturers. Although, charging infrastructure challenges are still present, however government's target of 6 million EVs on roads backed by its firm actions is likely to overcome these challenges during the forecast period.

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