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...
Global VRF Market | North America VRF Market | Middle East VRF Market | Latin America VRF Market (2019-2025)
Global VRF Market
Global VRF market size is anticipated to register growth during 2019-25. In the overall global VRF market share, Asia Pacific has captured major pie in 2018 and is expected to lead throughout the forecast period on the back of surging construction projects in the region especially in China and India along with growing acceptance of VRF in the retail, hospitality and commercial office segments. However, during the forecast period North America region is expected to register key growth.
North America VRF Market
North America VRF market size is anticipated to register growth during 2019-25. In the overall North America VRF market, US has captured major pie in 2018 and is expected to lead throughout the forecast period. In terms of system type, heat pump systems are exhibited to lead the market over the coming years.
Middle East VRF Market
Middle East VRF market size is anticipated to register growth during 2019-25. Surging construction and infrastructure development projects along with initiatives taken by various governments to diversify from oil-based economies would spur non-oil sectors in the region. Further, Middle East countries long term visions such as Saudi Arabia Vision 2030, UAE Vision 2021 etc., would result into expansion in retail, hospitality, manufacturing, and transportation segments, thereby creating the demand for centralized air conditioning units such as VRF in the region.
Latin America VRF Market
Latin America VRF market size is anticipated to register growth during 2019-25. Countries such as Brazil and Mexico accounted for the highest share in the overall Latin America VRF Market, in terms of revenues, in 2018. Several factors such rise in disposable income, rapid urbanization, expansion of hospitality and retail sectors, increasing FDI and increased spending of the government on the infrastructure are expected to boost the demand for VRF in the Latin America market.
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