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 Type (AC (Upto 60V, 60.1V - 200V and 200.1V - 1000V), DC (Upto 60V, 60.1V - 200V and 200.1V - 1000V)), By Products (Fans, Compressors, Pumps, Conveyors and Others including Centrifuges, Extruders and Winches), By Applications (Residential, Commercial, Industrial, Automotive, Power Utility and Water Treatment and Others including Defense, Agriculture, Transportation and Infrastructure) and Competitive Landscape. According to 6Wresearch , Australia low voltage electric motor market size is projected to grow at a CAGR of 3.6% during 2019-25. The industrial segment acquired the highest revenue share, however the commercial sector is expected to witness the maximum growth in future owing to heavy investment across the development of commercial spaces across the central business districts of Sydney and Melbourne. Additionally, power utility and water treatment sectors are also anticipated to flourish due to favorable government initiatives towards implementing world-...