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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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Saudi Arabia Industrial Pumps Market | Middle East Power & Distribution Transformer Market | Saudi Arabia Intrusion Detection Market | Saudi Arabia UPS Market (2017-2023)

Saudi Arabia Industrial Pumps Market

Saudi Arabia Industrial Pumps market size is projected to grow at a CAGR of 2.4% during 2017-23. Following the decline in 2015 & 2016, similar trend is expected in 2017 as well. However, the market is anticipated to recover post 2017 due to expected recovery of oil prices, rebound of construction industry, exponential growth across industrial sector and establishment of petrochemical industries, which would drive Saudi Arabia Industrial pumps market forecast period revenues.

Middle East Power & Distribution Transformer Market

Middle East power & distribution transformer market size is projected to reach $1.6 billion by 2023. UAE, Saudi Arabia and Kuwait government are taking major steps to strengthen the non-oil sectors due to recent decline in crude oil prices, which have adversely affected the market during the last 3 years. With expected recovery of crude oil prices and increase in public infrastructure development for next 5 years, the market would rebound during the forecast period.

Saudi Arabia Intrusion Detection Market

Saudi Arabia intrusion detection market size is projected to grow at a CAGR of 18.1% during 2017-23. Intrusion detection market registered a steady growth until 2014, however, the market declined after 2014 due to slump in oil prices, resulting in reduced government spending across various sectors. Though, the market would recover post 2017 due to expected rise in oil prices, ensuing increased government spending to support establishment of new industries related to IT and infrastructural development projects.

Saudi Arabia UPS market

Saudi Arabia UPS market size is projected to grow at a CAGR of 4.0% during 2017-23. Saudi Arabia is likely to ramp up its spending on data centers. As a matter of fact, the country's data center market has been growing tremendously over the past few years reaching over $220 million in 2016. Data center spending is poised to grow at a CAGR of 10.3% by 2019. Additionally, growing investment in commercial applications primarily in hospitality and BFSI is anticipated to drive sales of UPS systems in Saudi Arabia.

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