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...
Vietnam Switchgear Market | Ivory Coast Uninterruptible Power Supply (UPS) Systems Market | Lebanon Uninterruptible Power Supply (UPS) Systems Market | UAE Uninterruptible Power Supply (UPS) Systems Market | India Beer Market (2018-2024)
Vietnam Switchgear Market
Vietnam switchgear market size is projected to grow with a CAGR of 7.1% during 2018-24. According to Vietnam Electricity (EVN), the demand for electricity is expected to double between 2014-20 and is expected to attract investments worth $7.5 billion per year during the same period. Government plans such as National Transport Master Plan (2011-20) and the $121 billion Ho Chi Minh City Master Transport Plan are likely to create huge opportunities for switchgear companies as these would lead to infrastructural development across the country. According to Government of Vietnam (GVN), the manufacturing and processing sectors are expected to flourish and contribute significantly to the industrial segment of Vietnam on account of growing foreign investments in the country. Further, government's target to reach 100% rural electrification by 2020 would also drive the demand for switchgears in the country during 2018-24.
Ivory Coast Uninterruptible Power Supply (UPS) Systems Market
Ivory Coast UPS Market size is projected to grow at a CAGR of 5.9% during 2018-24. 1.1-5 KVA segment has emerged as the most favoured UPS systems for residential households. Further, 1.1- 5KVA rating UPS captured highest Ivory Coast UPS market share, by revenues among all other KVA rating segments as these are highly used in residential and commercial sectors to provide reliable power backup to electronic products. By Application type, commercial application accounted the major market share in overall Ivory Coast UPS market, followed by industrial and residential applications. However, industrial application is expected to depict highest growth rate in Ivory Coast UPS market forecast period due to the development of large-scale industrial projects such as improvement of new industrial zones in inner cities, construction of cement plant by Dangote Cement Plc and development of new industrial zones in Abidjan.
Lebanon Uninterruptible Power Supply (UPS) Systems Market
Lebanon UPS market size is projected to grow at a CAGR of 3.0% during 2018-24. Growing investments in Information & Communication Technology (ICT) sector and Government's Plan "Lebanon Industry 2025" would drive Lebanon UPS market forecast period revenues. Lebanese ICT industry is the hub of IT software and services in the Middle East region and is expected to grow at a CAGR of 9.7% during 2016-19. The demand for UPS systems would grow in IT industry of Lebanon as continuous power is necessary in such facilities to prevent data loss and maintain business continuity.
UAE Uninterruptible Power Supply (UPS) Systems Market
UAE UPS Market size is projected to grow at a CAGR of 3.4% during 2018-24. Need for power back up solutions to avoid any kind of data loss along with growing SME sector would further spur the market for UPS in UAE. Additionally, continuous demand for UPS systems of different KVA ratings for data centers would spur overall UAE UPS market forecast period revenues.
India Beer Market
India beer market size is projected to grow at a CAGR over 7.6% during 2018-24. Strong beer segment bagged highest revenue share in 2017. The segment is anticipated to continue its dominance over the coming years owing to preference of Indian consumers for high alcohol content. Also, mild beer segment is estimated to exhibit highest growth rate during the forecast period, attributed to health-conscious consumers and moderate drinkers who opt for lower alcohol content within large volume.
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