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 Technology Batteries, Flywheel & Others, By Applications (Residential, Commercial & Industrial And Power Utilities), By Regions (Central Region, Western Region, Southern Region Eastern Region) And Competitive Landscape. As Per 6Wresearch, Saudi Arabia Advanced Energy Storage market size is anticipated to register growth during 2019-25. Based on application, power utility segment captured the majority of the market revenue share on the back of increasing demand for power projects in the region such as Jubail 3A and 3B IWP projects and is expected to lead the market revenues over the coming years. Moreover, in 2018, the lithium-ion batteries hold the highest Saudi Arabia advanced energy storage market share and the demand is expected to rise in future also due to their increased application in various electric devices such as electric vehicles, consumer goods, as well as grid storage systems Key Highlights of the Report: Overview Saudi Arabia Advanced Ene...