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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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North America Electric Motor Market | Middle East & Africa (MEA) Electric Motor Market | Latin America Electric Motor Market | Europe Electric Motor Market (2019-2025)

North America Electric Motor Market

North America Electric Motor Market size is projected to witness growth during 2019-25. With emergence of new technology and features such as, low power loss and maintenance free, there is an increase in demand for upgradation of pre-installed electric motors. Further, US is the key country registering maximum sales of Electric Motors in North America region. 

Middle East & Africa (MEA) Electric Motor Market

Middle East and Africa (MEA) Electric Motor market size is projected to witness growth during 2019-25 due to growing manufacturing hubs and increase in demand for HVAC solutions in upcoming commercial and residential projects. Further, with expected increase in industrial automation and government initiatives to strengthen non-oil sector would spur the growth of the market over the coming years. Government initiatives such as the Saudi Arabia Vision 2030, UAE Vision 202, etc., international events including World Expo 2020 and FIFA World Cup 2022 would boost the demand for electric motors in Middle East & Africa region. In Africa, increasing FDI and investment to expand transmission infrastructure would fuel its market during the forecast period. 

Latin America Electric Motor Market

Latin America Electric Motor Market size is projected to witness growth due to increasing automation in industrial sector in developing countries such as Argentina, Chile and Peru. Additionally, Electric motors with efficiency rating IE3 and above are in demand for their energy efficiency and good output features. These factors would grow the demand for Electric Motor market during 2019-25. Further, Mexico and Brazil are the key countries registering maximum sales of Electric Motors in Latin America. However, Argentina and Chile electric motor markets are growing relatively faster. 

Europe Electric Motor Market

Europe Electric Motor Market size is anticipated to grow during 2019-25. The industrial segment is expected to acquire the highest revenue share in future due to favourable government initiatives to strengthen the manufacturing sector and diversify the economy by building new industries in the region. Moreover, the government of several countries are inclined towards increasing the penetration of electric vehicles in passenger and commercial segments, which would create additional demand for electric motors across the region.

About 6Wresearch:

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. 
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