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 Types (AC Motors and DC Motors), By Voltage (Low Voltage Electric Motors (< 1 Kv), Medium Voltage Electric Motors (1 Kv-6.6 Kv) and High Voltage Electric Motors (Above 6.6 Kv), By End Users (Oil and Gas, Petrochemical, Chemicals, and Fertilizers, Water and Utilities Including Power Sector and Water and Waste Water Management), Metals & Mining, Cement and Others including Food and Beverages, Paper and Pulp)), By Applications (Pumps, Compressors, Extruders, Fans, Conveyors and Other Applications), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape. According to 6Wresearch, Saudi Arabia electric motor market revenues are projected to grow at a CAGR of 5.2% during 2019-25. The market slowed down in 2015 and 2016, due to oil crisis in the Middle East. However, the market recovered post 2017 due to recovery of oil prices. Changing government policies, establishment of special economic zones and expansion of automotive manufacturing a...