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 Voltage (Low Voltage Protective Relay, Medium Voltage Protective Relay, High Voltage Protective Relay), By Applications (Feeder Protection, Transmission Line Protection, Transformer Protection, Motor Protection & Others), By End Users (Industrial, Power Utilities & Other), By Countries (Turkey, Saudi Arabia, UAE, Qatar, Bahrain, Oman, Kuwait & Rest Of Middle East Region) And Competitive Landscape According to 6Wresearch, Middle East Protective Relay Market size is anticipated to register growth during 2020-26. The Middle East market is expected to register a decline in demand during 2020, due to the global pandemic COVID-19, which has affected the economic growth in the region. The COVID -19 pandemic in the region has led to a complete lockdown during the first half of 2020, resulting in the economic slowdown leading to a halt in various infrastructure development projects. However, the market is expected to regain momentum by the first half of 2021 owin...