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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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North America Advanced Energy Storage Market | Latin America Advanced Energy Storage Market | Global Advanced Energy Storage Market | Europe Advanced Energy Storage Market | North America Passive Fire Protection Market (2019-2025)

North America Advanced Energy Storage Market

North America advanced energy storage market size is projected to witness tremendous growth during 2019-25. Rising demand for enhanced battery backup and energy storage systems in plug-in vehicles would spur the demand for advanced energy storage market in future. In North America, U.S. has generated majority of the North America advanced energy storage market revenues. The U.S. government has proposed a budget of $158 million for advanced energy storage initiative within the Department of Energy (DOE). The program aims at developing new materials and device technologies which would help to enhance the efficiency of utility-scale systems and integrate storage into the grid infrastructure. Additionally. Canada is undergoing several energy storage developments and initiatives towards development of distributed energy resources, including energy storage.

Latin America Advanced Energy Storage Market

Latin America advanced energy storage market size is projected to witness substantial growth during the forecast period owing to the growing demand for stable electricity supply in the region. Latin American countries are focusing on integrating advanced energy storage systems into wind and solar applications which would further increase the demand for energy storage systems in the region. Further, Brazil is the key country generating demand for advanced energy storage in the Latin America region.

Global Advanced Energy Storage Market

Global advanced energy storage market size is likely to register healthy growth during 2019-25. In 2018, the lithium-ion batteries hold the highest global advanced energy storage market share and the demand for these batteries is expected to rise in future also due to their increased application in various electric devices such as electric vehicles, consumer goods as well as grid storage systems.

Europe Advanced Energy Storage Market

Europe advanced energy storage market size is likely to register substantial growth during the forecast period due to government initiatives across France and Germany to encourage the use of electric vehicles. However, energy storage systems market in Europe is currently in the developing phase. 

North America Passive Fire Protection Market

North America passive fire protection market size is projected to witness considerable growth during 2019-25. Rise in consumer disposable income together with the growing demand for fire protection systems in the residential market is anticipated to push the usage of passive fire protection products within the construction sector, thereby driving the regional market.

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