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
North America Grid Scale Energy Storage Market
By Storage(Battery Storage, Flywheel Energy Storage, Pumped Hydroelectric Power Storage, Thermal Energy Storage, Compressed Air), By Applications(EV Charging, UPS, Renewable Energy Integration, Micro Grids & Other Applications), By Countries(United States, Canada & Rest Of North America) And Competitive Landscape.According to 6Wresearch, North America Grid Scale Energy Storage Market size is anticipated to register growth during 2019-25. In the overall North America Grid Scale Energy Storage market, the United States has captured a major share of market revenue pie in 2018 and is expected to lead throughout the forecast period. Additionally, decreasing cost of battery energy storage in past 5 years as well as increasing wind and solar energy projects installations in United States and increasing demand for electricity would fuel the market growth over the next six years.
Increasing demand for flywheel energy storage technology used in electric vehicles coupled with growing preference for electric vehicles over the coming years would propel the market growth of North America grid scale energy storage market. Also, battery storage as well as pumped hydroelectric power storage segment has acquired a majority of the market revenues in 2018 and are expected to be some of the key revenues generating segments during the forecast period.
Key Highlights of the Report:
North America Grid Scale Energy Storage Market Overview
North America Grid Scale Energy Storage Market Outlook
North America Grid Scale Energy Storage Market Forecast
Historical Data of North America Grid Scale Energy Storage Market Revenues for the Period 2015-2018
North America Grid Scale Energy Storage Market Size and North America Grid Scale Energy Storage Market Forecast of Revenues, Until 2025
Historical Data of North America Grid Scale Energy Storage Market Revenues, by Storage Technology, for the Period 2015-2018.
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