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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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Middle East and Africa Uninterruptible Power Supply (UPS) Market | Saudi Arabia Air Conditioner Market | Saudi Arabia Elevator and Escalator Market | Saudi Arabia Building Energy Management System Components Market | Europe Blockchain Technology Market (2018-2024)

Middle East and Africa Uninterruptible Power Supply (UPS) Market

Middle East & Africa UPS market size is predicted to grow with a CAGR of 4.1% during 2018-24. The growth in the market would be aided by the efforts taken by various governments to strengthen their country's commercial and industrial sectors. Initiatives such as Saudi Vision 2030, Turkey Vision 2023, and Dubai Expo 2020 would drive the development activities in non-oil sectors. Further, expansion in the areas of commercial and industrial sectors would be witnessed, which would drive Middle East & Africa UPS Market forecast period revenues. 

Saudi Arabia Air Conditioner Market

Saudi Arabia air conditioner market size is forecast to reach $1.3 billion by 2024. Slumping oil prices and dependence of the country on oil sector majorly impacted country's spending towards infrastructure development during 2014-17. Further, many of the projects during this period were delayed or cancelled, which led to downfall air conditioners market in Saudi Arabia. However, with recovery of oil prices in 2018 and ambitious Saudi Vision 2030 plan to improve the economy would drive air conditioner market especially in residential and commercial sectors.

Saudi Arabia Elevator and Escalator Market

Saudi Arabia elevators and escalators market size is expected to grow at a CAGR of 4.9% during 2018-24. In 2017, the market declined due to falling government spending owing to declining oil prices. The market is anticipated to bounce back with recovery of oil prices post 2017. Growing urbanization rate, and rise in installation of elevators in the residential sector in Saudi Arabia is forecast to boost growth of Elevator and Escalator market. Amongst all the elevators segments, machine room elevators acquired highest revenue share of the market.

Saudi Arabia Building Energy Management System Components Market

Saudi Arabia building energy management system components market size is projected to grow at a CAGR of 2.8% during 2018-24. The development of large entertainment cities in several regions of the country, such as Riyadh and Jeddah, would involve the construction of new healthcare centers, hotels, commercial buildings and other social infrastructure, which would drive the market achieve a steady growth in the forecast period.


Europe Blockchain Technology Market

Europe blockchain technology market size is projected to grow at a CAGR of 52.4% during 2018-24. The market registered a healthy growth in revenues during 2014-17, attributed to surge in demand from end users such as BFSI, government, public sector and real estate segments. BFSI industry has seen a shift from centralized infrastructure to decentralized distributed ledger ecosystem. Even real estate segment has inclined towards blockchain technology as blockchain constantly records and shares information which makes the process less time consuming and reduces the risk of frauds.


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