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...
Market Forecast By Product (Storage Water Heaters (Up To 30 Litres, 30.1 To 100 Litres, 100.1 To 250 Litres, 250.1 To 400 Litres, Above 400 Litres), Non-Storage Water Heaters), By Applications (Residential, Commercial, Industrial), By Countries (Malaysia, India, Indonesia, Thailand, China, Japan, Australia And Rest Of Asia Pacific ) And Competitive Landscape
According to 6Wresearch, Asia Pacific (APAC) Electric Water Heater Market size is projected to grow throughout the forecast period 2020-26F. The rising spread of COVID-19 virus has disturbed the overall production of the electric water heaters backed by the nationwide lockdown imposed to contain the effect of the spread of the pandemic which has led to a significant disturbance in the sales of electric water heaters in the country and has contributed towards the slow growth of the market. However, increased residential use of water coupled with an increased need for bathing and hygienic activities to combat the effect of COVID-19 spread has led to an increased demand for hot water, which in turn instigated prospectus demand for electric water heaters and simultaneously benefit the growth of the Asia Pacific electric water heater market.
Key Highlights of the Report:
- Asia Pacific Electric Water Heater Market Overview
- Asia Pacific Electric Water Heater Market Outlook
- Asia Pacific Electric Water Heater Market Forecast
- Asia Pacific Electric Water Heater Market Share, By Product
- Asia Pacific Electric Water Heater Market Share, By Capacity
- Asia Pacific Electric Water Heater Market Share, By Applications
- Asia Pacific Electric Water Heater Market Share, By Countries
- Historical Data of Asia Pacific Electric Water Heater Market Revenues and Volume for the period, 2015-2018
- Market size and Forecast of Asia Pacific Electric Water Heater Market Revenues and Volume until 2025
- Historical Data of Asia Pacific Electric Water Heater Market Revenues and Volume, By Product, for the Period 2015-2018
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