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
Saudi Arabia Water Heater Market
By Product Types(Solar, Instant, Electric, Gas), By Applications(Commercial, Residential, Industrial), By Distribution Channels(Supermarket/Hypermarket, Specialty Stores, E-Commerce & Others (Wholesalers, Distributors)), By Regions(Norther Region, Southern Region, Eastern Region, Central Region) And Competitive Landscape.
According to 6Wresearch, Saudi Arabia Water Heater Market size is expected to witness significant growth during 2019-2025. Growing construction projects in the country would lead to surge in deployment of water heater in the country. For instance, “King Abdullah Financial City”, “Riyadh metro project”, “Neom gigaproject” has given a tremendous boost to the infrastructure sector leading to the increase in installation of water heaters. The introduction of “Minimum Energy Performance Standards (MEPS)” policy by “Saudi Standards Metrology and Quality Organization” has mandated the energy testing requirements of different types of water heaters, thereby augmenting the demand for solar water heaters.
Based on applications, residential sector is expected to hold a prominent share over the forecast period owing to the growing construction projects in the residential sector coupled with growing urbanization. Widespread applications in thermal power plants, manufacturing sector and food & beverage industries would result in further increase in demand over the forecast period.
Key Highlights of the Report:
- Historical Data of Saudi Arabia Water Heater Market Revenues for the Period 2015-2018
- Historical Data of Saudi Arabia Water Heater Market Revenues and Volume, By Applications, for the Period 2015-2018
- Market Size & Forecast of Saudi Arabia Water Heater Market Revenues and Volume, By Applications, until 2025
- Historical Data of Saudi Arabia Water Heater Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
- Historical Data of Saudi Arabia Water Heater Market Revenues and Volume, By Regions, for the Period 2015-2018
- Saudi Arabia Water Heater Market Size and Saudi Arabia Water Heater Market Forecast of Revenues and Volume, Until 2025
- Market Size & Forecast of Saudi Arabia Water Heater Market Revenues and Volume, By Product Types, until 2025
- Market Size & Forecast of Saudi Arabia Water Heater Market Revenues and Volume, By Regions, until 2025
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