Study examines electric compact equipment penetration
A new report by Interact Analysis says the market for battery electric compact construction equipment will be nearly 100 times bigger in 2030 than it is now.
Driving factors include that the compact machines are the ‘easiest’ machines to electrify. The relatively low power requirements make engineering electric versions easier (and cheaper) than their larger siblings. Second, because of their size, these types of machines can be used indoors–in basements or demolition work–so making them emission free is a health benefit. Third, the lower noise level from electric machines versus diesel machines makes them a much better fit for work in urban areas–particularly residential areas where they can operate for extended hours causing less nuisance for residents.
Although the global penetration of battery electric compact equipment is forecast to be only 10 percent by 2030, there is quite a lot of variation by country and machine type.
Read the story.
Source: Interact Analysis
About the Author
Frank RaczonFrank Raczon
Frank Raczon has influenced and covered the equipment industry for 35 years, including 15 years as senior editor of Construction Equipment, and marketing, advertising, and public relations work for the industry's top manufacturers. He authored "Caterpillar: Modern Earthmoving Marvels" (Motorbooks, 2015), and has won numerous awards in his career, highlighted by nods from the Construction Writers Association, the Association of Equipment Manufacturers, the Business Marketing Association, and BtoB magazine. Raczon has also won awards from publishing peer groups such as ASBPE and TABPI.
