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
Middle East And Africa (MEA) Advanced Energy Storage Market
Market Forecast By Technology (Batteries, Flywheel, Thermal, Compressed Air & Others), By Applications ( Residential, Transportation, Commercial & Industrial And Power Utilities), By Countries (UAE, Saudi Arabia, Turkey, Kuwait, Qatar, Oman, Bahrain, South Africa, Egypt, Nigeria And Rest Of The Region) And Competitive Landscape.
According to 6Wresearch, Middle East and Africa (MEA) Advance Energy Storage Market size has tremendous growth prospects during the forecast period 2019-2025. Countries are taking several initiatives to develop its advance energy storage systems network. For instance, Dubai has installed a huge battery energy storage facility at Mohammed bin Rashid Al Maktoum solar park in 2018. Further, The Al Badiya plant at Al-Mafraq in Jordan was the regions first solar power plant combined with a storage facility. The plant joins 23 megawatt (MW) solar farm with a 12.6 MWh storage capacity using lithium-ion batteries. In February 2019, Abu Dhabi has installed a major virtual battery plant with a storage capacity of 648 MWh to maintain demand on the grid and prepare for outage.
On the basis of application, power utility segment accounted for major demand for advance energy storage in the region on the back of surging power utility projects in the region. In terms of technology, lithium-ion batteries are in huge demand in the Middle East and Africa advance energy storage market.
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Key Highlights of the Report:
Middle East and Africa Advance Energy Storage Market Overview
Middle East and Africa Advance Energy Storage Market Outlook
Middle East and Africa Advance Energy Storage Market Forecast
Historical Data of Middle East and Africa Advance Energy Storage Market Revenues for the Period 2015-2018
Middle East and Africa Advance Energy Storage Market Size and Middle East and Africa Advance Energy Storage Market Forecast of Revenues, Until 2025
Historical Data of Middle East and Africa Advance Energy Storage Market Revenues, By Technology, for the Period 2015-2018
Market Size & Forecast of Middle East and Africa Advance Energy Storage Market Revenues, By Technology, Until 2025
Historical Data of Middle East and Africa Advance Energy Storage Market Revenues, By Applications, for the Period 2015-2018
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