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 (250 Volts, 251-750 Volts and 750 Volts), By Applications (Commercial, Residential, Industrial, Power Utilities and Others), By Types (MCB, MCCB, ACB, RCD, Switch Disconnectors, Power & Distribution Enclosures, Contractors & Overload Protection Devices, Surge Protection Devices and Others including MPCB), By Countries (UAE, Saudi Arabia, Bahrain, Kuwait, Qatar, Oman, Egypt, Iran and Rest of Middle East including Lebanon, Jordan and Iraq) and Competitive Landscape. According to 6Wresearch, Middle East low voltage switchgear market size is projected to grow at a CAGR of 3.3% during 2019-25 . The commercial segment is expected to witness the highest growth in future due to increasing government initiatives to strengthen the non-oil sector and diversify the economy by building new hotels, resorts, museums, hospitals and tourism related infrastructure. These factors would translate into an increase in the Middle East low voltage switchgear market ...