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 equ...
UAE Video Surveillance Market | GCC Video Surveillance Market | Southeast Asia Switchgear Market | India Construction Equipment Market | Saudi Arabia Electric Motor Market | India Thermal Imaging Systems Market (2019-2025)
UAE Video Surveillance Market
UAE video surveillance market size is projected to grow at a CAGR of 4.0% during 2019-25. In 2016, the video surveillance market in UAE declined due to falling government spending owing to declining oil prices. However, the market bounced back with the recovery of oil prices post 2017. Growing security concerns and increasing crime index in UAE are expected to boost growth of the video surveillance market during the forecast period.
GCC Video Surveillance Market
GCC video surveillance market size is projected to grow at a CAGR of 5.7% during 2019-2025. Government initiatives, such as Qatar National Vision 2030, Saudi Vision 2030 and Dubai Vision 2021, are predicted to aid the growth of the non-oil economy of many countries in the GCC region during the forecast period. The development of new social infrastructure in these countries would create more avenues for the application of video surveillance systems. By type, IP surveillance segment is expected to be the highest revenue generating segment in the overall market due to advantageous features such as technological innovation, real-time access, integration of wireless technologies, video analytics and affordability.
Southeast Asia Switchgear Market
Southeast Asia switchgear market size is projected to grow at a CAGR of 6.3% during 2019-25. The power utilities and industrial application segments emerged as the major revenue shareholders across most of the Southeast Asian countries, by application, in the overall switchgear market in 2018. Additionally, growing FDI in the commercial and social infrastructure sectors in several Southeast Asia countries would also increase the demand for switchgears across applications such as offices, retail, educational buildings and healthcare during the forecast period.
India Construction Equipment Market
India construction equipment market size is projected to grow at a CAGR of 10% during 2019-25. Rapid urbanization, growing population, increasing government spending in infrastructure projects, inflow of foreign direct investment are the major drivers boosting the demand for construction equipment in the country.
Saudi Arabia Electric Motor Market
Saudi Arabia electric motor market revenues are projected to grow at a CAGR of 5.2% during 2019-25. The market slowed down in 2015 and 2016, due to oil crisis in the Middle East. However, the market recovered post 2017 due to recovery of oil prices. Changing government policies, establishment of special economic zones and expansion of automotive manufacturing as well as growth in petrochemical industry would further fuel the electric motors market in Saudi Arabia.
India Thermal Imaging Systems Market
India thermal imaging market size is projected to grow at a cagr of 15% during 2019 to 2025. At present, India thermal imaging market is dominated by the defense vertical, however, the industrial vertical is also expected to capture lion's share of the market in future. Further, uncooled hand-held thermal imaging devices accounted for majority of the market demand, however on the other hand, cooled technology is expected to dominate the India thermal imaging market forecast revenues over the coming years.
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