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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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UAE Power Cables Market | India Blockchain Technology Market | India Dishwasher Market | Thailand Switchgear Market | Myanmar Switchgear Market (2018-2024)

UAE Power Cables Market

UAE power cables market size is projected to reach $2.5 billion by 2024. Sustained economic diversification efforts and substantial flow of investments in mega infrastructure projects would fuel the market for power cables in UAE. The market is expected to grow during the forecast period, owing to upcoming projects in real estate, hospitality, tourism and infrastructure sectors as the country aims to attract 20 million visitors a year by 2020, as a result of World Expo in Dubai.

India Blockchain Technology Market

India blockchain technology market size is projected to grow at a CAGR of 58% during 2018-24. Over the past few months, especially in last quarter of 2017, blockchain technology registered rising end-customer acceptance towards the adoption of this solution, especially among banking and financial services, transportation, and government verticals. In addition, during the forecast period, the market is projected to be driven by rising adoption in BFSI vertical. The banking institutions are expected to register the highest growth of India Blockchain Technology Market share in future.

India Dishwasher Market

India dishwasher market size is projected to grow at a CAGR over 10.8% during 2018-24. Among different dishwasher types, free standing dishwasher segment captured majority of the revenue share in 2017. However, with emerging trend of modular kitchens in the country, built-in dishwashers are projected to exhibit highest growth rate over the coming years. Built-in dishwasher segment growth is further backed by growing number of residential projects in the country. 

Thailand Switchgear Market

Thailand switchgear market size is projected to grow at a CAGR of 4.0% during 2018-24. According to Thailand's Alternative Energy Development Plan (2012-2021), Government aims to generate around 6.83 GW from renewable power generation sources such as solar, wind and biomass by 2021. Further, government of Thailand also plans to reduce power generation dependency from gas based power plants to other power generation sources such as hydro, coal, solar, wind and biomass, which would also lead to the growth of the switchgear market in future. Low voltage switchgear segment acquired highest market revenue share in 2017 among all other types due to their high consumption in commercial and residential sectors.

Myanmar Switchgear Market

Myanmar switchgear market size is projected to grow at a CAGR of 8.4% during 2018-24. The National League for Democracy (NLD) government in Myanmar continues to focus on improving the ease of doing business in the country and attract more foreign investment. Oil and gas, power and transportation sectors of Myanmar have been some of the key beneficiaries of these investment in previous years. With FDI expected to increase in several other sectors such as real estate, manufacturing and tourism, the demand for switchgears would strengthen over the coming years.


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