Press release
Electric Construction Equipment Market to Reach USD 257.60 Billion by 2030, Growing at a 6.8% CAGR
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐ญ๐จ ๐๐ฎ๐ซ๐ฉ๐๐ฌ๐ฌ ๐๐๐ ๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐The global electric construction equipment market, valued at USD 162.53 billion in 2023, is expected to grow at a CAGR of 6.8%, reaching approximately USD 257.60 billion by 2030. The market's rapid growth is driven by the increasing adoption of sustainable construction practices, technological advancements, and stringent environmental regulations. (Source)
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Electric construction equipment, including excavators, loaders, and cranes, is becoming a cornerstone of the construction industry due to its eco-friendly nature, reduced operating costs, and compliance with global emissions regulations. The increasing focus on sustainability and the demand for quieter and emission-free machinery are major contributors to market expansion.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
Vietnam is witnessing a surge in infrastructure projects, driven by urbanization and industrialization. The Vietnamese government's push towards eco-friendly construction practices creates significant opportunities for electric equipment. Major investments in smart city projects further fuel this demand.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
China, the world's largest construction equipment market, is focusing on reducing air pollution and enhancing energy efficiency. The adoption of electric construction machinery is rising due to supportive government policies and high demand for sustainable construction practices in urban development.
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ญ๐จ๐๐๐ฒ : https://www.maximizemarketresearch.com/request-sample/160566/
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ก๐๐ข๐ฅ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ
Thailand's infrastructure expansion, including roads, railways, and real estate projects, is propelling the demand for electric machinery. The government's investment in green infrastructure and renewable energy projects aligns with the growing adoption of electric construction equipment.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐๐ง ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
In Japan, the construction sector is embracing electric equipment due to its reduced noise levels and operational efficiency in densely populated urban areas. Companies are consolidating their positions through strategic partnerships and innovations, enhancing the adoption of eco-friendly machinery.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง
South Korea is updating its construction practices with an emphasis on eco-friendly technologies. Government subsidies and the implementation of smart city projects are driving the integration of electric construction equipment into major infrastructure projects.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
Singapore's commitment to sustainability and green construction projects is fostering the adoption of electric construction equipment. As a global leader in innovation, Singapore is focusing on advanced technologies and energy-efficient solutions in its construction industry.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก
The United States is at the forefront of innovation in the electric construction equipment market. Federal incentives, infrastructure development programs, and increasing awareness about sustainability are bolstering the adoption of electric machinery in the country.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐ซ๐๐ง๐๐ฌ
Europe is leading the transition to electric construction equipment due to stringent environmental regulations and the European Green Deal initiative. The region's focus on reducing greenhouse gas emissions is creating a strong demand for energy-efficient machinery.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐จ๐ฆ๐๐ญ๐ฌ๐ฎ ๐๐ญ๐ . introduced new electric mini excavators tailored for rental markets, emphasizing their commitment to sustainability and innovation. The initiative aligns with Komatsu's DANTOTSU Value strategy.
Volvo Construction Equipment expanded its range of electric compact machinery, focusing on sustainable solutions for urban construction. Their new models emphasize operational efficiency and environmental compliance.
Caterpillar Inc . announced a strategic partnership with battery manufacturers to enhance its electric construction equipment lineup, targeting growth in Europe and North America.
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ญ๐จ๐๐๐ฒ :https://www.maximizemarketresearch.com/request-sample/160566/
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ค๐๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ :
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Forklift
Loader
Excavator
AWP
Product Type: In 2023, the forklift segment had the biggest market share (xxx%) depending on product type. Compared to gasoline and diesel, electricity is a more environmentally friendly forklift power source. Additionally, electric vehicles require less maintenance than automobiles powered by internal combustion engines. In a number of countries, including the UK, India, and France, the sale of cars with internal combustion engines is currently being phased out. The benefits of electric vehicles and favorable government regulations are anticipated to fuel demand for electric cars over the forecast period.
๐๐ฒ ๐ฉ๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง
hybrid-electric and
battery-electric
In terms of propulsion, hybrid-electric vehicles accounted for a significant xx% of CAGR in 2023. Plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and NGVs are among the propulsion kinds. Plug-in hybrids are becoming more and more common. In addition to the generators, the engine mechanism helps produce electricity, which is utilized to recharge these vehicles' batteries. Connecting the battery to an external source is another way to charge it. These vehicles use a battery supply that requires an engine-generating system to be charged. Natural gas vehicles' engines, which power the generators, are powered by compressed natural gas (CNG). This helps power the electric motor that starts the hybrid vehicle. A fresh battery is installed in place of the outdated one.
๐๐ฒ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐๐ฉ๐๐๐ข๐ญ๐ฒ
500 KwH
๐๐ฒ ๐๐๐ญ๐ญ๐๐ซ๐ฒ ๐๐ฒ๐ฉ๐
Lithium-ion
Lead-acid and
Others
๐๐ฒ ๐๐จ๐ฐ๐๐ซ ๐๐ฎ๐ญ๐ฉ๐ฎ๐ญ
300 HP
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ : @https://www.maximizemarketresearch.com/market-report/electric-construction-equipment-market/160566/
๐๐๐๐ซ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ข๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ :
1. Caterpillar
2. CNH Industrial N.V.
3. Doosan Corporation
4. Escorts Limited
5. Hitachi Construction Machinery Co., Ltd.
6. Hyundai Construction Equipment Co., Ltd.
7. J C Bamford Excavators Ltd.
8. Deere & Company.
9. Kobelco Construction Machinery Co., Ltd.
10.Komatsu Ltd.
11.Liebherr-International AG
12.Manitou BF
13.HรยฐDROMEK
14.Sany Heavy Industry Co., Ltd.
15.Sumitomo Heavy Industries, Ltd.
17.Volvo AB
18.Zoomlion Heavy Industry Science and Technology Co., Ltd
๐๐๐ญ ๐๐ง๐ฌ๐ฐ๐๐ซ๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐๐ฉ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ :
What is Electric Construction Equipment ?
What is the growth rate of the Electric Construction Equipment Market?
Which are the factors expected to drive the Electric Construction Equipment market growth?
What is the CAGR at which the Electric Construction Equipment market will grow during the forecast period?
What are the different segments of the Electric Construction Equipment Market?
Which is the fastest growing region in the Electric Construction Equipment market?
What growth strategies are the players considering to increase their presence in Electric Construction Equipment ?
What are the upcoming opportunities and trends for the Electric Construction Equipment Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Electric Construction Equipment Market?
Who are the leading companies and what are their portfolios in Electric Construction Equipment Market?
What segments are covered in the Electric Construction Equipment Market?
Who are the key players in the Electric Construction Equipment market?
๐๐๐ข๐ง ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/160566/
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ.
Past Size and Competitive Landscape
โข Past Pricing and price curve by region
โข Size, Share, Size Forecast by different segment
โข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โข Segmentation A detailed analysis by segment with their sub-segments and Region
โข Competitive Landscape Profiles of selected key players by region from a strategic perspective
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
โฆ Global Cast Iron Cookware Market https://www.maximizemarketresearch.com/market-report/global-cast-iron-cookware-market/22438/
โฆ India Dishwashers Market https://www.maximizemarketresearch.com/market-report/india-dishwashers-market/22507/
โฆ Government and Education Logistics Market https://www.maximizemarketresearch.com/market-report/government-and-education-logistics-market/198727/
โฆ Cake Flour Market https://www.maximizemarketresearch.com/market-report/global-cake-flour-market/101879/
โฆ India Automotive Stamping Market https://www.maximizemarketresearch.com/market-report/india-automotive-stamping-market/31488/
โฆ Global Separable Connector Market https://www.maximizemarketresearch.com/market-report/global-separable-connector-market/34281/
โฆ Global Pseudocapacitor Market https://www.maximizemarketresearch.com/market-report/global-pseudocapacitor-market/69846/
โฆ Global GaN-based Power Supply Adapter Market https://www.maximizemarketresearch.com/market-report/global-gan-based-power-supply-adapter-market/116106/
โฆ Global Transmission Electron Microscopy Market https://www.maximizemarketresearch.com/market-report/global-transmission-electron-microscopy-market/73820/
โฆ Global Trench Gate Power MOSFET Market https://www.maximizemarketresearch.com/market-report/global-trench-gate-power-mosfet-market/89685/
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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Global data center construction market is projected to register a CAGR of 11.1% in the forecast period of 2019 to 2026.Global Data Center Construction Market By Infrastructure Type (electrical Infrastructure, mechanical infrastructure, general infrastructure), Data Center Type (Tier I, Tier II, Tier III, Tier IV), Organization Size (small organization, medium organization, large organization), Vertical (Banking, financial services and insurance, IT & Telecommunications, Government & Defense, Healthcare, Retail Colocation, Power &โฆ
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Global data center construction market is projected to register a CAGR of 11.1% in the forecast period of 2019 to 2026.Global Data Center Construction Market By Infrastructure Type (electrical Infrastructure, mechanical infrastructure, general infrastructure), Data Center Type (Tier I, Tier II, Tier III, Tier IV), Organization Size (small organization, medium organization, large organization), Vertical (Banking, financial services and insurance, IT & Telecommunications, Government & Defense, Healthcare, Retail Colocation, Power &โฆ