Electric Construction Equipment Market Charges Ahead, Projected to Reach US$ 241.20 Billion by 2029

22-01-2024: Market Values:

US$ 152.19 Billion in 2022, Anticipated CAGR of 6.8% (2023-2029)

Report Scope:

The Electric Construction Equipment Market report delves into the transformative landscape of the construction sector, emphasizing the surge in electric construction equipment adoption. With a market value of US$ 152.19 Billion in 2022, the industry is poised to witness a robust 6.8% CAGR through 2023 to 2029, culminating in an anticipated valuation of nearly US$ 241.20 Billion.

Research Methodology:

Employing a comprehensive research methodology, the report analyzes various types of electric equipment, shedding light on the eco-friendly alternatives in the electrical construction market. Insights are derived from a thorough examination of global emission standards, battery technology developments, and the market dynamics driving the growth of electric construction equipment.

Know More About The Report: https://www.maximizemarketresearch.com/market-report/electric-construction-equipment-market/160566/

Market Drivers:

Development in Battery Charging:

The shift from lead-acid to lithium-ion batteries and the pursuit of solid-state batteries are at the forefront, though challenges persist.

Rising Demand for Noiseless Construction:

Urbanization prompts a need for quieter construction equipment, aligning with initiatives and laws to reduce noise pollution in residential areas.

Unorganized Emission Standards:

The Global Technical Regulation (GTR) aims for standardized emission calculation methods, with a push for global emission standards in the offing.

For detailed information regarding our Research Methodology, please request the Free Sample Report: https://www.maximizemarketresearch.com/request-sample/160566

Segment Analysis: Powder-Free Dominance and Medical Sector Surge:

by Product
Forklift
Loader
Excavator
AWP

Product Type: In 2022, the forklift segment had the most market share of xx% depending on product type. Forklift power sources that are less harmful to the environment are electricity and diesel. Additionally, electric vehicles require less maintenance than cars with internal combustion engines. Several countries, including the UK, India, and France, are currently phasing out the sale of cars using internal combustion engines. The benefits of electric vehicles and government regulations that are supportive of them are anticipated to stimulate demand for electric automobiles over the anticipated period.

by propulsion
hybrid-electric and
battery-electric
by Battery Capacity
500 KwH

In terms of propulsion, hybrid-electric vehicles accounted for a significant xx% of the CAGR in 2022. NGVs, plug-in hybrid electric cars (PHEVs), and hybrid electric vehicles (HEVs) are the three propulsion types. The use of plug-in hybrid vehicles is growing. The engine mechanism helps produce electricity in addition to the generators, which is utilised to charge the batteries in these cars. Another way to charge the battery is to connect it to an external source. These vehicles use a battery supply that can only be supplied with electricity by an engine. Natural gas vehicles run their engines on compressed natural gas (CNG), which powers the generators. This helps the hybrid car's electric motor run, which starts it. A fresh battery is installed in place of the old one and discarded.

by Battery Type
Lithium-ion
Lead-acid and
Others

by Power Output
300 HP

Please connect with our representative, who will ensure you to get a report sample here @ :https://www.maximizemarketresearch.com/request-sample/160566

Who are Electric Construction Equipment Market Key Players?

1. Panasonic Corporation (Japan)
2. MedMassager (United States)
3. Joicom Corporation (United States)
4. Human Touch (United States)
5. Shenzhen Relcare Electronics (China)
6. LURACO Technologies Corporation (United States)
7. Dr. Physio (India)
8. Omron Corporation (Japan)
9. Medisana GmbH (Germany)
10. JSB Health & Fitness Pvt. Ltd. (India)
11. HoMedics (United States)
12. Family Inada Co. Ltd. (Japan)
13. Wenzhou Huifan Technology Co. Ltd. (China)
14. Propera Corp. (Israel)
15. OSIM International (Singapore)
16. Nekteck (United States)
17. LURACO Technologies Corporation (United States)

Table of content for the Electric Construction Equipment Market includes:

Part 01: Executive Summary

Part 02: Scope of the Electric Construction Equipment Market Report

Part 03: Electric Construction Equipment Market Landscape

Part 04: Electric Construction Equipment Market Sizing

Part 05: Electric Construction Equipment Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For more Information Click Here @ : https://www.maximizemarketresearch.com/request-sample/160566

Regional Perspectives: North America and APAC Leading the Way:

North America's Dominance: In 2023, North America held a market share of over 35.2%, driven by a robust healthcare sector and increasing industrial activities. Electric Construction Equipment have become a staple in hospitals, clinics, and households, with rising awareness among individuals about the importance of cleanliness.

APAC Growth Trajectory: The Asia-Pacific region is a significant contributor, experiencing a rising demand for Electric Construction Equipment due to a growing population and increased healthcare needs. The region serves as a major production hub, with governments encouraging hygiene practices and driving adoption.

Our Top Trending Reports :

Global Travel and Expense Management Software Market https://www.maximizemarketresearch.com/market-report/global-travel-and-expense-management-software-market/97541 /

Global RealTime Bidding Market https://www.maximizemarketresearch.com/market-report/global-real-time-bidding-market/28366 /

Global 3D Virtual Reality Glasses Market https://www.maximizemarketresearch.com/market-report/global-3d-virtual-reality-glasses-market/77124/

North America Data Exfiltration Market https://www.maximizemarketresearch.com/market-report/north-america-data-exfiltration-market/10109 /

North America Hosted PBX Market https://www.maximizemarketresearch.com/market-report/north-americahosted-pbx-market/8017/

About Maximize Market Research:

Maximize Market Research is a swiftly growing enterprise that specializes in market research and corporate advisory services, serving clients globally. With our substantial impact on revenue and unwavering commitment to research excellence, we have positioned ourselves as a trusted partner to a significant portion of Fortune 500 companies. Our comprehensive range of services caters to a diverse array of industries, including but not limited to IT, telecommunications, chemicals, food and beverages, aerospace and defense, healthcare, and beyond.

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

This release was published on openPR.