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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 Elevator & Escalator Market | GCC Video Surveillance Systems Market | India Switchgear Market (2017-2023)

India Elevator & Escalator Market

India elevators & escalators market size is projected to grow at a CAGR of 8.1% during 2017-23. In India, gearless & machine room less type of technology elevator is growing at a faster rate than geared type of elevator and is expected to hold the major share in coming years. In escalator segment, moving stairs escalator has led the market, however moving walkway sub-segment is gaining popularity with the installation at airports, and shopping centers. In 2016, amongst all the applications, commercial application captured the largest share in overall India elevators & escalators market share.

GCC Video Surveillance Systems Market

GCC Video Surveillance systems market size is projected to grow at a CAGR of 9.6% during 2017-23. In last 2 years, the market declined due to falling government spending owing to declining oil prices. The market is anticipated to bounce back with the recovery of oil prices post 2017. Growing security concerns and increasing crime index in the GCC region are expected to boost growth of the Video Surveillance Systems Market in the forecast period. Amongst all verticals, government & transportation vertical acquired highest revenue share of the market. Over the next six years, the hospitality & healthcare and education verticals are forecast to grow at higher CAGR during 2017-23.

India Switchgear Market

India switchgear market size is projected to reach $3.7 Billion by 2022. According to Niti Ayog, the government of India is planning to reach a renewable energy capacity of 175 GW by 2022. Further, government initiatives to increase the penetration of clean energy in the forecast period is also a major source of growth for the switchgear market in India. Low voltage switchgear dominated the overall India Switchgear market and also reflects the highest growth due to rapidly growing commercial and residential sectors. In medium voltage, AIS holds the major revenue share, however, gas insulated switchgear is expected to increase its market share in the forecast period.

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