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
According to 6Wresearch, Myanmar Switchgear Market revenues are projected to grow at a CAGR of 8.4% during 2019-25. In order to keep up with the growing population of Myanmar, the Ministry of Construction plans on developing new low-cost housing units and improving the social infrastructure of the country over the coming years, which would generate more demand for MCCBs, MCBs and other low voltage switchgears. For instance, 1 million housing units in Myanmar are expected to be developed by 2030. Multiple new hydro and solar power plant projects are also in the construction phase and would provide additional power supply in the country. Additionally, the planned expansion of the transmission and distribution network in the country would increase the demand for medium and high voltage switchgear devices during the forecast period. Check Our Press Release:- Myanmar Switchgear Market "Myanmar Switchgear Market (2019-2025)" report provides an in-depth analysis with 54 figures