電動建設機械市場 : 2030年までの世界予測

Report Overview

The global electric construction equipment market is projected to grow from USD 10.2 billion in 2023 to USD 44.8 billion by 2030, at a CAGR of 23.6% during the forecast period. All key countries have established programs/regulations for GHG emissions in the transportation industry. To follow the government mandates and the associated costs, the manufacturers and customers opt for an alternative sustainable mode of mobility. This greatly aided the development of hybrid and electric construction equipment, which are more efficient, emission-free, and noise-free than their IC engine counterparts. Generally, electric off-highway equipment can initially be more expensive, ranging from 20-50% or more compared to their conventional counterparts. The higher upfront costs are primarily due to the costly battery technology and specialized components required for electric systems. Additionally, the current electric equipment infrastructure is not as fully established or optimized as traditional equipment, contributing to higher costs.

The regulations also mandate that the air reaching each mine’s working faces must travel with a velocity to cover at least 60 feet in a minute. Various ventilation systems control these air velocities and balance the airflow with the correct ratio. Diesel engine vehicles produce emissions, heat, and high sounds within narrow mining channels. For these reasons and to achieve sustainability goals, manufacturers and mine owners have started to prefer the electrification of these mining vehicles. Electric equipment boasts reduced operating costs in comparison to diesel-powered machinery. This cost efficiency helps offset ventilation expenses in underground mining.
Additionally, by producing zero on-site emissions, electric machinery minimizes the need for extensive ventilation systems to clear exhaust fumes, directly reducing ventilation costs. This cost-effectiveness and environmental advantage position electric construction equipment as an appealing solution for mining operations seeking to lower overheads and comply with stringent environmental regulations. Consequently, the potential for reduced operating costs and improved environmental performance will likely accelerate the market demand for electric construction equipment.

“The battery electric equipment will lead the market due to the stringent noise and emission regulations.”
The rapid evolution of battery technology is propelling the growth of battery electric equipment. These advancements enable longer operational durations without recharging, making them increasingly viable for uninterrupted construction operations. The stringent noise regulations around the globe outline specific hours for construction work, limiting noisy tasks and emphasizing compliance under the Pollution Control Act. For instance, the UK enforces specific hours for construction work to mitigate noise disturbances, guided by the Pollution Control Act. Acts like the Environmental Protection Act empower councils to tackle noise concerns and establish action plans for targeted areas. Additionally, residential areas follow guidelines where nighttime noise levels exceeding 34 decibels above the background are considered unreasonable.
Battery electric machinery’s more straightforward design compared to hybrids results in lower maintenance and operational costs, presenting an attractive, cost-effective solution for construction companies aiming to optimize expenditure. Driven by escalating environmental concerns and stringent regulations, the rising demand for zero-emission equipment favors battery electric options, aligning seamlessly with regulatory mandates and customer preferences for eco-friendly solutions. Volvo Construction Equipment and Portable Electric have teamed up to provide mobile charging solutions for electric construction equipment. The Voltstack 30k from Portable Electric offers 30 kW power output and 80 kWh battery capacity, rechargeable via the grid, solar arrays, or diesel gensets. This partnership aims to reduce carbon footprints on construction sites by bundling the Voltstack 30k with Volvo CE’s electric equipment purchases at their North American dealer locations, ensuring efficient and emission-free charging options for noise-sensitive environments. These ongoing improvements in charging infrastructure are gradually mitigating the limitations associated with battery electric equipment, such as charging times and accessibility. This enhancement in infrastructure further enhances the appeal of battery electric choices within the construction sector.

Europe holds the largest market share in the electric construction equipment market.
European countries like Germany, the UK, France, Spain, Italy, Russia, and others are pivotal players in the electric construction equipment market, positioning Europe as the largest region. Municipal corporations in this region increasingly prioritize emission and noise reduction in urban construction, fueling the demand for electric equipment. In Germany, several factors drive the electric construction equipment surge, notably zero-emission zones in cities and the rising demand for sustainable construction and mining gear. Fendt, Farmtrac, and Multi-Tool Trac unveiling electric tractor prototypes at events like the Machinery Show signify the industry’s innovation. Deutz AG, Fendt, Stihl Holding AG & Co. KG, and Wacker Neuson SE are key players shaping this market.
Berliner Stadtreinigung’s purchase of Volvo L25 electric wheel loaders for waste management highlights Germany’s swift adoption of electric equipment. The country’s robust agricultural sector fuels the demand for more productive and autonomous technology, creating opportunities for compliant electric tractors. The advent of autonomous electric tractors, addressing labor shortages and enhancing productivity, is anticipated to drive the market further. This trend underscores Europe’s commitment to eco-friendly construction practices, with significant strides made in Germany. The region’s concerted efforts toward sustainability, amplified by key player innovations and industry developments, signal a promising future for electric construction equipment adoption across the continent.
Such developments of the leading companies to minimize drawbacks of the conventional battery types in electric loaders and excavators are further expected to drive the growth of electric construction equipment in the US.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
• By Company Type: Electric Construction Equipment OEM – 100%
• By Designation: C Level – 30%, Directors- 20%,  and Others – 50%
• By Region: North Americas – 30%, Europe –20%,  Asia Pacific – 40%, Rest of the World-10%

The key players in the electric construction equipment market are Hitachi Construction Machinery (Japan), Caterpillar Inc. (US), Komatsu Ltd. (Japan), Volvo Construction Equipment (Sweden), Hitachi Construction Machinery Co., Ltd. (Japan), and Deere & Company (US). Major companies’ key strategies to maintain their position in the global electric construction equipment market are strong global networking, mergers and acquisitions, partnerships, and technological advancement.

Research Coverage
The study segments the electric construction equipment market. It forecasts the market size based on equipment (electric excavator, electric motor grader, electric loader, electric dump truck, electric load haul dump loader, electric lawn mower, electric sprayer, electric tractor), battery capacity (<50 kWh, 50-200 kWh, 200-500 kWh, >500 kWh), battery chemistry (Lithium-ion Phosphate, Lithium-ion NMC, Other battery chemistries), Power Output (<50 HP, 50-150 HP, 150-300 HP, >300 HP), Propulsion (Battery Electric, Hybrid Electric and Hydrogen), application (Construction, Mining, Agriculture, Gardening) and region (Asia Pacific, Americas and Europe).
The study also includes an in-depth competitive analysis of the major electric construction equipment manufacturers, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall electric construction equipment market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (Strict vehicular emission regulations, high ventilation costs in underground mining, rising demand for low-noise construction in residential areas), restraints (Higher initial cost than conventional ICE equipment, Loss of productivity due to prolonged charging time, Complex charging infrastructure for electric construction machinery), opportunities (development of long-range and fast-charging battery technology, increased manufacturing and testing of hybrid electric vehicles, emergence of hydrogen-powered construction equipment), and challenges (limited compatibility, interchangeability, and standardization of electric construction equipment for long-haul applications, Complex thermal management of batteries, Rapid transition of construction equipment toward alternative power sources) influencing the growth of the electric construction equipment market.
• Product Development/Innovation: Detailed insights on upcoming technologies and new product & service launches in the electric construction equipment market.
• Market Development: Comprehensive market information – the report analyses the authentication and brand protection market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the electric construction equipment market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Caterpillar Inc. (US), Komatsu Ltd. (Japan), Volvo Construction Equipment (Sweden), Hitachi Construction Machinery Co., Ltd. (Japan), and Deere & Company (US) among others in electric construction equipment market.

Table of Contents

1            INTRODUCTION            33

1.1         STUDY OBJECTIVES      33

1.2         MARKET DEFINITION   34

1.3         STUDY SCOPE  35

1.3.1      MARKETS COVERED     35

FIGURE 1           MARKET SEGMENTATION         35

1.3.2      REGIONS COVERED      36

1.3.3      YEARS CONSIDERED     36

1.4         INCLUSIONS AND EXCLUSIONS 37

TABLE 1             INCLUSIONS AND EXCLUSIONS 37

1.5         CURRENCY CONSIDERED          37

1.6         UNIT CONSIDERED       37

1.7         STAKEHOLDERS            37

1.8         SUMMARY OF CHANGES            38

2            RESEARCH METHODOLOGY     40

2.1         RESEARCH DATA           40

FIGURE 2           RESEARCH DESIGN       40

FIGURE 3           RESEARCH PROCESS FLOW       41

2.1.1      SECONDARY DATA       41

2.1.1.1   Key secondary sources       42

2.1.1.2   Key data from secondary sources     43

2.1.2      PRIMARY DATA 44

FIGURE 4           BREAKDOWN OF PRIMARY INTERVIEWS: BY DESIGNATION, COMPANY TYPE, AND REGION 44

2.1.2.1   Sampling techniques and data collection methods        44

2.1.2.2   Primary interview participants         45

2.2         MARKET SIZE ESTIMATION       45

FIGURE 5           HYPOTHESIS BUILDING             45

2.2.1      BOTTOM-UP APPROACH           46

FIGURE 6           BOTTOM-UP APPROACH           46

2.2.2      TOP-DOWN APPROACH             47

FIGURE 7           TOP-DOWN APPROACH             47

2.3         FACTOR ANALYSIS        48

2.4         RECESSION IMPACT ANALYSIS 48

2.5         MARKET BREAKDOWN AND DATA TRIANGULATION    49

FIGURE 8           DATA TRIANGULATION             49

2.6         RESEARCH ASSUMPTIONS         50

2.7         RESEARCH LIMITATIONS           52

3            EXECUTIVE SUMMARY 53

3.1         REPORT SUMMARY       53

FIGURE 9           ELECTRIC CONSTRUCTION EQUIPMENT MARKET OUTLOOK              53

FIGURE 10         ASIA PACIFIC TO GROW AT FASTEST CAGR DURING FORECAST PERIOD       54

4            PREMIUM INSIGHTS      56

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTRIC CONSTRUCTION EQUIPMENT MARKET             56

FIGURE 11         GROWING NEED TO MINIMIZE EMISSIONS AND DEMAND FOR LOW-NOISE CONSTRUCTION EQUIPMENT TO DRIVE MARKET 56

4.2         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE    57

FIGURE 12         ELECTRIC DUMP TRUCK SEGMENT TO LEAD FROM 2023 TO 2030      57

4.3         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION              57

FIGURE 13         AGRICULTURE TO SHOWCASE HIGHEST GROWTH DURING FORECAST PERIOD       57

4.4         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY      58

FIGURE 14         LITHIUM IRON PHOSPHATE TO BE MOST PREFERRED BATTERY DURING FORECAST PERIOD 58

4.5         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY         58

FIGURE 15         50–200 KWH TO HAVE HIGHEST MARKET SHARE DURING FORECAST PERIOD       58

4.6         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION              59

FIGURE 16         BATTERY ELECTRIC PROPULSION TO GROW AT FASTEST RATE DURING FORECAST PERIOD         59

4.7         ELECTRIC TRACTOR MARKET, BY PROPULSION             59

FIGURE 17         BATTERY ELECTRIC TRACTOR TO REPORT HIGHEST MARKET SHARE DURING FORECAST PERIOD      59

4.8         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT            60

FIGURE 18         50–150 HP SEGMENT TO RECORD FASTEST GROWTH RATE (2023–2030)       60

4.9         ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION    60

FIGURE 19         HYBRID ELECTRIC PROPULSION TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 60

4.10       ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE              61

FIGURE 20         ELECTRIC LAWN MOWER SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD     61

4.11       ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION 61

FIGURE 21         EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023              61

5            MARKET OVERVIEW     62

5.1         INTRODUCTION            62

5.2         MARKET DYNAMICS     63

FIGURE 22         ELECTRIC CONSTRUCTION EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES       63

5.2.1      DRIVERS            63

5.2.1.1   Strict vehicular emission regulations 63

FIGURE 23         NON-ROAD MOBILE MACHINERY (NRMM) EMISSION REGULATION OUTLOOK, 2019–2030      64

TABLE 2             BHARAT STAGE IV VS. BHARAT STAGE V REGULATIONS FOR PM LIMITS         64

TABLE 3             BHARAT STAGE IV VS. BHARAT STAGE V REGULATIONS FOR PN LIMITS         65

TABLE 4             NOX AND PM SAVINGS IN INDIA, BY EQUIPMENT TYPE, 2020–2045 (KILOTONS)           65

TABLE 5             EURO STAGE IV, V, AND VI REGULATIONS FOR HEAVY-DUTY DIESEL ENGINES (G/KWH)        65

5.2.1.2   High ventilation costs in underground mining              66

TABLE 6             AIR QUANTITY COMPARISON BETWEEN LIGNITE AND ANTHRACITE MINES     66

TABLE 7             COST COMPARISON BETWEEN DIESEL AND ELECTRIC MINING EQUIPMENT     67

5.2.1.3   Rising demand for low-noise construction in residential areas    67

TABLE 8             NOISE CONTROL REGULATIONS FOR RESIDENTIAL AREAS, BY COUNTRY         67

TABLE 9             LOW-NOISE ELECTRIC CONSTRUCTION EQUIPMENT, BY KEY OEMS   68

5.2.2      RESTRAINTS     69

5.2.2.1   Higher initial cost than conventional ICE equipment   69

TABLE 10           ELECTRIC VS. DIESEL POWERED OFF-HIGHWAY EQUIPMENT, BY OEM              69

5.2.2.2   Loss of productivity due to prolonged charging time    70

TABLE 11           APPROXIMATE CHARGING DURATION FOR DIFFERENT EQUIPMENT     70

5.2.2.3   Complex charging infrastructure for electric construction machinery       71

5.2.3      OPPORTUNITIES           71

5.2.3.1   Development of long-range and fast-charging battery technology            71

5.2.3.2   Increased manufacturing and testing of hybrid electric vehicles 72

5.2.3.3   Emergence of hydrogen-powered construction equipment         72

TABLE 12           HYDROGEN-POWERED OFF-ROAD VEHICLE DEVELOPMENTS              73

5.2.4      CHALLENGES   74

5.2.4.1   Limited compatibility, interchangeability, and standardization for long-haul applications         74

TABLE 13           RANGE COMPARISON OF BATTERY ELECTRIC TRUCK AND OFF-HIGHWAY DIESEL TRUCK 74

5.2.4.2   Complex thermal management of batteries    75

TABLE 14           WORKING TEMPERATURE COMPARISON FOR CONSTRUCTION EQUIPMENT  75

5.2.4.3   Rapid transition of construction equipment toward alternative power sources              75

5.3         TRADE ANALYSIS          76

5.3.1      IMPORT DATA: DOZERS             76

TABLE 15           US: DOZERS IMPORT SHARE, BY COUNTRY (VALUE %) 76

TABLE 16           FRANCE: DOZERS IMPORT SHARE, BY COUNTRY (VALUE %)              76

TABLE 17           GERMANY: DOZERS IMPORT SHARE, BY COUNTRY (VALUE %)              76

TABLE 18           MEXICO: DOZERS IMPORT SHARE, BY COUNTRY (VALUE %)              77

TABLE 19           CHINA: DOZERS IMPORT SHARE, BY COUNTRY (VALUE %)              77

5.3.2      EXPORT DATA: DOZERS             77

TABLE 20           US: DOZERS EXPORT SHARE, BY COUNTRY (VALUE %) 77

TABLE 21           FRANCE: DOZERS EXPORT SHARE, BY COUNTRY (VALUE %)              78

TABLE 22           GERMANY: DOZERS EXPORT SHARE, BY COUNTRY (VALUE %)              78

TABLE 23           CHINA: DOZERS EXPORT SHARE, BY COUNTRY (VALUE %)              78

TABLE 24           BELGIUM: DOZERS EXPORT SHARE, BY COUNTRY (VALUE %)              78

5.3.3      IMPORT DATA: EXCAVATORS AND LOADERS    79

TABLE 25           US: EXCAVATORS AND LOADERS IMPORT SHARE, BY COUNTRY (VALUE %)   79

TABLE 26           CANADA: EXCAVATORS AND LOADERS IMPORT SHARE, BY COUNTRY (VALUE %)   79

TABLE 27           CHINA: EXCAVATORS AND LOADERS IMPORT SHARE, BY COUNTRY (VALUE %)   79

TABLE 28           JAPAN: EXCAVATORS AND LOADERS IMPORT SHARE, BY COUNTRY (VALUE %)   80

TABLE 29           INDIA: EXCAVATORS AND LOADERS IMPORT SHARE, BY COUNTRY (VALUE %)   80

TABLE 30           GERMANY: EXCAVATORS AND LOADERS IMPORT SHARE, BY COUNTRY (VALUE %)   80

TABLE 31           FRANCE: EXCAVATORS AND LOADERS IMPORT SHARE, BY COUNTRY (VALUE %)   81

5.3.4      EXPORT DATA: EXCAVATORS AND LOADERS    81

TABLE 32           US: EXCAVATORS AND LOADERS EXPORT SHARE, BY COUNTRY (VALUE %)   81

TABLE 33           CANADA: EXCAVATORS AND LOADERS EXPORT SHARE, BY COUNTRY (VALUE %)   81

TABLE 34           CHINA: EXCAVATORS AND LOADERS EXPORT SHARE, BY COUNTRY (VALUE %)   82

TABLE 35           JAPAN: EXCAVATORS AND LOADERS EXPORT SHARE, BY COUNTRY (VALUE %)   82

TABLE 36           INDIA: EXCAVATORS AND LOADERS EXPORT SHARE, BY COUNTRY (VALUE %)   82

TABLE 37           GERMANY: EXCAVATORS AND LOADERS EXPORT SHARE, BY COUNTRY (VALUE %)   83

TABLE 38           FRANCE: EXCAVATORS AND LOADERS EXPORT SHARE, BY COUNTRY (VALUE %)   83

5.4         TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS              83

5.4.1      REVENUE SHIFT AND NEW REVENUE POCKETS FOR ELECTRIC CONSTRUCTION EQUIPMENT MARKET PLAYERS          83

5.5         CASE STUDY ANALYSIS 84

5.5.1      USE OF ELECTRIC MINING VEHICLE AT -30 DEGREES CELSIUS  84

5.5.2      ACHIEVING CARBON NEUTRALITY WITH NEW FUEL SOURCE AND BATTERY SYSTEM         84

5.5.3      CITY WASTE MANAGEMENT USING ELECTRIC MOBILITY          84

5.5.4      REPLACEMENT OF DIESEL TRUCKS WITH ELECTRIC MODELS  85

5.5.5      ELECTRIFICATION OF CONVENTIONAL DIESEL-POWERED EXCAVATORS   85

5.5.6      IMPROVED FUEL EFFICIENCY WITH ELECTRIC HYBRID WHEEL LOADERS          85

5.6         PATENT ANALYSIS        86

TABLE 39           INNOVATIONS AND PATENT REGISTRATIONS, 2021–2023              86

5.7         SUPPLY CHAIN ANALYSIS          91

FIGURE 24         SUPPLY CHAIN ANALYSIS          91

5.8         ECOSYSTEM ANALYSIS 92

TABLE 40           ROLE OF COMPANIES IN ECOSYSTEM   92

FIGURE 25         ECOSYSTEM MAPPING 94

FIGURE 26         KEY PLAYERS IN ECOSYSTEM   95

5.9         PRICING ANALYSIS        95

5.9.1      AVERAGE SELLING PRICE, BY APPLICATION AND REGION, 2022 (USD PER UNIT)         95

TABLE 41           AVERAGE SELLING PRICE, BY APPLICATION AND REGION, 2022 (USD PER UNIT)             95

5.9.2      AVERAGE SELLING PRICE, BY EQUIPMENT TYPE AND REGION, 2022 (USD PER UNIT)             96

TABLE 42           AVERAGE SELLING PRICE, BY EQUIPMENT TYPE AND REGION, 2022 (USD PER UNIT)    96

5.10       TECHNOLOGY ANALYSIS           97

5.10.1    AUTONOMOUS CONSTRUCTION EQUIPMENT 97

5.10.2    CONSTRUCTION EQUIPMENT MONITORING    97

5.10.3    GRADE CONTROL SYSTEMS      97

5.10.4    REGENERATIVE BRAKING IN DEEP MINING SITES          97

5.10.5    AGRICULTURAL EQUIPMENT AUTOMATION    98

5.10.6    ADVANCED TELEMATICS          98

5.11       TARIFF AND REGULATORY LANDSCAPE            99

5.11.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          99

5.11.1.1 North America     99

TABLE 43           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         99

5.11.1.2 Europe  100

TABLE 44           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 100

5.11.1.3 Asia Pacific          101

TABLE 45           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         101

5.11.1.4 Rest of the World 102

TABLE 46           REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         102

5.11.2    QUALITY STANDARDS 102

TABLE 47           STANDARDS FOR ELECTRIC CONSTRUCTION VEHICLES              102

5.12       KEY CONFERENCES AND EVENTS, 2023–2024     104

TABLE 48           KEY CONFERENCES AND EVENTS, 2023–2024     104

5.13       KEY STAKEHOLDERS AND BUYING CRITERIA    105

5.13.1    KEY STAKEHOLDERS IN BUYING PROCESS         105

FIGURE 27         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION  105

TABLE 49           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR APPLICATIONS (%)       106

5.13.2    BUYING CRITERIA         106

FIGURE 28         KEY BUYING CRITERIA FOR ELECTRIC CONSTRUCTION EQUIPMENT, BY APPLICATION 106

TABLE 50           KEY BUYING CRITERIA FOR ELECTRIC CONSTRUCTION EQUIPMENT APPLICATIONS     107

5.14       TOTAL COST OF OWNERSHIP OF ELECTRIC CONSTRUCTION EQUIPMENT     107

FIGURE 29         TOTAL COST OF OWNERSHIP OF ELECTRIC CONSTRUCTION EQUIPMENT     107

TABLE 51           TOTAL COST OF OWNERSHIP OF ELECTRIC EXCAVATORS              108

FIGURE 30         FACTORS INFLUENCING TOTAL COST OF OWNERSHIP 108

5.15       BILL OF MATERIAL ANALYSIS   109

FIGURE 31         BILL OF MATERIAL ANALYSIS   109

5.16       BATTERY TECHNOLOGY           110

TABLE 52           BATTERY MANUFACTURERS     110

5.16.1    FUTURE DEVELOPMENTS IN BATTERY TECHNOLOGY 111

5.16.1.1 Solid-state batteries           111

5.16.1.2 Lithium-ion batteries         111

5.16.1.3 Sodium-ion batteries         111

TABLE 53           BATTERY CHEMISTRIES             112

6            RECOMMENDATIONS FROM MARKETSANDMARKETS   113

6.1         ASIA PACIFIC TO BE POTENTIAL MARKET FOR ELECTRIC CONSTRUCTION EQUIPMENT  113

6.2         HYDROGEN-FUELED CONSTRUCTION EQUIPMENT TO CREATE MARKET OPPORTUNITIES         113

6.3         ELECTRIFICATION OF UNDERGROUND MINING EQUIPMENT TO BE SIGNIFICANT FOR OEMS            114

6.4         RENTAL ELECTRIC CONSTRUCTION EQUIPMENT AND TELEMATICS TO DRIVE MARKET       115

6.5         GROWTH OF AUTONOMOUS TRACTORS IN FUTURE    116

6.6         LITHIUM IRON BATTERY CHEMISTRY TO DOMINATE ELECTRIC CONSTRUCTION EQUIPMENT MARKET             116

6.7         CONCLUSION   117

7            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE    118

7.1         INTRODUCTION            119

7.1.1      INDUSTRY INSIGHTS    119

FIGURE 32         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023 VS. 2030 (USD MILLION)            120

TABLE 54           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  120

TABLE 55           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  120

TABLE 56           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   121

TABLE 57           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   121

7.2         ELECTRIC EXCAVATOR 122

7.2.1      COMPACT SIZE AND REDUCED VENTILATION EXPENSES TO DRIVE MARKET            122

TABLE 58           ELECTRIC EXCAVATOR: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)  122

TABLE 59           ELECTRIC EXCAVATOR: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)  122

TABLE 60           ELECTRIC EXCAVATOR: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)   123

TABLE 61           ELECTRIC EXCAVATOR: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)   123

7.3         ELECTRIC LOADER       124

7.3.1      CITY WASTE MANAGEMENT TO DRIVE MARKET            124

TABLE 62           ELECTRIC LOADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            124

TABLE 63           ELECTRIC LOADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            124

TABLE 64           ELECTRIC LOADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            124

TABLE 65           ELECTRIC LOADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            125

7.4         ELECTRIC MOTOR GRADER      125

7.4.1      ROAD MAINTENANCE AND EARTHMOVING APPLICATIONS TO DRIVE MARKET            125

TABLE 66           ELECTRIC MOTOR GRADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)  125

TABLE 67           ELECTRIC MOTOR GRADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)  126

TABLE 68           ELECTRIC MOTOR GRADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)   126

TABLE 69           ELECTRIC MOTOR GRADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030(USD MILLION)    126

7.5         ELECTRIC DOZER          127

7.5.1      ENHANCED AGILITY AND INCREASED FUEL EFFICIENCY TO DRIVE MARKET            127

TABLE 70           ELECTRIC DOZER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            127

TABLE 71           ELECTRIC DOZER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            127

TABLE 72           ELECTRIC DOZER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            128

TABLE 73           ELECTRIC DOZER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            128

7.6         ELECTRIC DUMP TRUCK            128

7.6.1      LONG-TERM SAVINGS AND REDUCED MAINTENANCE EXPENSES TO DRIVE MARKET 128

TABLE 74           ELECTRIC DUMP TRUCK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)  129

TABLE 75           ELECTRIC DUMP TRUCK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)  129

TABLE 76           ELECTRIC DUMP TRUCK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)   129

TABLE 77           ELECTRIC DUMP TRUCK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)   129

7.7         ELECTRIC LOAD HAUL DUMP LOADER 130

7.7.1      RAPID URBANIZATION AND UNDERGROUND MINING TO DRIVE MARKET            130

TABLE 78           ELECTRIC LOAD HAUL DUMP LOADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)              130

TABLE 79           ELECTRIC LOAD HAUL DUMP LOADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)              130

TABLE 80           ELECTRIC LOAD HAUL DUMP LOADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)              131

TABLE 81           ELECTRIC LOAD HAUL DUMP LOADER: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)              131

8            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY         132

8.1         INTRODUCTION            133

8.2         OPERATIONAL DATA   133

TABLE 82           ELECTRIC CONSTRUCTION EQUIPMENT MODELS AND BATTERY CAPACITIES  133

8.2.1      INDUSTRY INSIGHTS    134

FIGURE 33         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2023 VS. 2030 (USD MILLION)        134

TABLE 83           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2018–2022 (UNITS)             134

TABLE 84           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2023–2030 (UNITS)             135

TABLE 85           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2018–2022 (USD MILLION) 135

TABLE 86           ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2023–2030 (USD MILLION) 135

8.3         <50 KWH            136

8.3.1      USE IN SMALL AND COMPACT EQUIPMENT TO DRIVE MARKET              136

TABLE 87           <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 136

TABLE 88           <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 136

TABLE 89           <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)  136

TABLE 90           <50 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)  137

8.4         50–200 KWH      137

8.4.1      HIGHER DEMAND FOR SMALL AND MID-RANGE CONSTRUCTION EQUIPMENT TO DRIVE MARKET            137

TABLE 91           50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            137

TABLE 92           50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            138

TABLE 93           50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            138

TABLE 94           50–200 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            138

8.5         200–500 KWH     139

8.5.1      RISING DEMAND FOR EMISSION-FREE OFF-HIGHWAY EQUIPMENT TO DRIVE MARKET 139

TABLE 95           200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            139

TABLE 96           200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            139

TABLE 97           200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            140

TABLE 98           200–500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            140

8.6         >500 KWH          141

8.6.1      ENHANCED TORQUE AND NOISELESS OPERATION TO DRIVE MARKET              141

TABLE 99           >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 141

TABLE 100         >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 141

TABLE 101         >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)  141

TABLE 102         >500 KWH: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)  142

9            ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY      143

9.1         INTRODUCTION            144

9.1.1      INDUSTRY INSIGHTS    144

FIGURE 34         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2023 VS. 2030 (USD MILLION)     144

TABLE 103         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2018–2022 (UNITS)          145

TABLE 104         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2023–2030 (UNITS)          145

TABLE 105         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2018–2022 (USD MILLION)           145

TABLE 106         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2023–2030 (USD MILLION)           145

9.2         LITHIUM IRON PHOSPHATE (LFP)         146

9.2.1      MINIMAL DEGRADATION AT HIGHER TEMPERATURES AND CONSISTENT POWER DELIVERY TO DRIVE MARKET     146

TABLE 107         LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)  147

TABLE 108         LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)  147

TABLE 109         LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)   147

TABLE 110         LITHIUM IRON PHOSPHATE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)   147

9.3         LITHIUM NICKEL MANGANESE COBALT OXIDE (NMC) 148

9.3.1      HIGH ENERGY AND POWER DENSITIES AND LONGER LIFESPAN TO DRIVE MARKET 148

TABLE 111         LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)              149

TABLE 112         LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)              149

TABLE 113         LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)              149

TABLE 114         LITHIUM NICKEL MANGANESE COBALT OXIDE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)              149

9.4         OTHER BATTERY CHEMISTRIES             150

9.4.1      SODIUM-ION BATTERIES           150

9.4.1.1   Applications in off-highway vehicles and stationary storage setups to drive market              150

TABLE 115         SODIUM-ION BATTERY VS. LITHIUM-ION BATTERY      151

9.4.2      SOLID-STATE BATTERIES          151

9.4.2.1   Enhanced charging and safety capabilities to drive market         151

TABLE 116         OTHER BATTERY CHEMISTRIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)  151

TABLE 117         OTHER BATTERY CHEMISTRIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)  152

TABLE 118         OTHER BATTERY CHEMISTRIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)   152

TABLE 119         OTHER BATTERY CHEMISTRIES: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)   152

9.5         COST ANALYSIS             153

TABLE 120         GLOBAL BATTERY PRODUCTION, BY BATTERY CHEMISTRY              153

9.6         DEVELOPMENTS IN BATTERY CHEMISTRY        154

TABLE 121         GLOBAL BATTERY PRODUCTION, BY OEM        154

10          ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT            155

10.1       INTRODUCTION            156

10.1.1    INDUSTRY INSIGHTS    156

FIGURE 35         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023 VS. 2030 (USD MILLION) 156

TABLE 122         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (UNITS)     157

TABLE 123         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2030 (UNITS)     157

TABLE 124         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2018–2022 (USD MILLION)      157

TABLE 125         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY POWER OUTPUT, 2023–2030 (USD MILLION)      158

10.2       <50 HP 158

10.2.1    GROWING DEMAND FOR COMPACT EXCAVATORS AND SMALL DOZERS TO DRIVE MARKET      158

TABLE 126         <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)       158

TABLE 127         <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)       159

TABLE 128         <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)       159

TABLE 129         <50 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)       159

10.3       50–150 HP          160

10.3.1    INCREASING LAUNCHES OF LOW TO MEDIUM-POWERED EQUIPMENT TO DRIVE MARKET       160

TABLE 130         50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 160

TABLE 131         50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 160

TABLE 132         50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)  161

TABLE 133         50–150 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)  161

10.4       150–300 HP        161

10.4.1    ONGOING BATTERY AND PRODUCT DEVELOPMENTS TO DRIVE MARKET            161

TABLE 134         150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 162

TABLE 135         150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 162

TABLE 136         150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)  162

TABLE 137         150–300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)  162

10.5       >300 HP             163

10.5.1    SUITABILITY IN LARGE CONSTRUCTION AND MINING OPERATIONS TO DRIVE MARKET       163

TABLE 138         >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)       163

TABLE 139         >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)       163

TABLE 140         >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)       164

TABLE 141         >300 HP: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)       164

11          ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION              165

11.1       INTRODUCTION            166

11.1.1    INDUSTRY INSIGHTS    166

FIGURE 36         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023 VS. 2030 (USD MILLION)     166

TABLE 142         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (UNITS)          167

TABLE 143         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2030 (UNITS)          167

TABLE 144         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           167

TABLE 145         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION, 2023–2030 (USD MILLION)           168

11.2       CONSTRUCTION            168

11.2.1    ENVIRONMENTAL CONCERNS AND NOISE REGULATIONS TO DRIVE MARKET            168

TABLE 146         CONSTRUCTION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            168

TABLE 147         CONSTRUCTION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            169

TABLE 148         CONSTRUCTION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            169

TABLE 149         CONSTRUCTION: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            169

11.3       MINING              170

11.3.1    ELECTRIFICATION TREND TO DRIVE MARKET 170

TABLE 150         MINING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS) 170

TABLE 151         MINING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS) 170

TABLE 152         MINING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)  170

TABLE 153         MINING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)  171

11.4       GARDENING     171

11.4.1    LANDSCAPING PRACTICES IN RESIDENTIAL AND COMMERCIAL SPACES TO DRIVE MARKET       171

TABLE 154         GARDENING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            171

TABLE 155         GARDENING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            172

TABLE 156         GARDENING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            172

TABLE 157         GARDENING: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            172

11.5       AGRICULTURE 173

11.5.1    INCREASING FOOD PRODUCTION TO DRIVE MARKET 173

TABLE 158         AGRICULTURE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            173

TABLE 159         AGRICULTURE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            173

TABLE 160         AGRICULTURE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            173

TABLE 161         AGRICULTURE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            174

12          ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION              175

12.1       INTRODUCTION            176

12.1.1    INDUSTRY INSIGHTS    176

FIGURE 37         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2023 VS. 2030 (USD MILLION)       176

TABLE 162         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2018–2022 (UNITS)           177

TABLE 163         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2023–2030 (UNITS)           177

TABLE 164         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2018–2022 (USD MILLION)            177

TABLE 165         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION, 2023–2030 (USD MILLION)            177

12.2       HYBRID ELECTRIC        178

12.2.1    COMBINED CAPABILITIES OF CONVENTIONAL AND ELECTRIC OFF-HIGHWAY EQUIPMENT TO DRIVE MARKET       178

TABLE 166         HYBRID ELECTRIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            178

TABLE 167         HYBRID ELECTRIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            178

TABLE 168         HYBRID ELECTRIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            179

TABLE 169         HYBRID ELECTRIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            179

12.3       BATTERY ELECTRIC     179

12.3.1    FALLING BATTERY COSTS AND NEED FOR SUSTAINABLE OPERATIONS TO DRIVE MARKET          179

TABLE 170         BATTERY ELECTRIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            180

TABLE 171         BATTERY ELECTRIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            180

TABLE 172         BATTERY ELECTRIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            180

TABLE 173         BATTERY ELECTRIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            181

12.4       HYDROGEN      181

12.4.1    ADVANCEMENTS IN FUEL CELL TECHNOLOGY AND INFRASTRUCTURE TO DRIVE MARKET 181

TABLE 174         HYDROGEN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            182

TABLE 175         HYDROGEN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            182

TABLE 176         HYDROGEN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            182

TABLE 177         HYDROGEN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            183

13          ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE              184

13.1       INTRODUCTION            185

13.2       OPERATIONAL DATA   185

13.2.1    ELECTRIC TRACTOR MODELS AND DESCRIPTION         185

13.2.2    INDUSTRY INSIGHTS    186

FIGURE 38         ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023 VS. 2030 (USD MILLION)            186

TABLE 178         ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  186

TABLE 179         ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  187

TABLE 180         ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   187

TABLE 181         ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   187

13.3       ELECTRIC LAWN MOWER          188

13.3.1    HIGH FUEL EXPENSES AND WORKFORCE SHORTAGES IN GARDENING TO DRIVE MARKET       188

TABLE 182         ELECTRIC LAWN MOWER: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)  188

TABLE 183         ELECTRIC LAWN MOWER: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)  188

TABLE 184         ELECTRIC LAWN MOWER: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)   188

TABLE 185         ELECTRIC LAWN MOWER: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)   189

13.4       ELECTRIC SPRAYER      189

13.4.1    NEED TO ELIMINATE CROP WITHERING TO DRIVE MARKET     189

TABLE 186         ELECTRIC SPRAYER: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            189

TABLE 187         ELECTRIC SPRAYER: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            190

TABLE 188         ELECTRIC SPRAYER: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            190

TABLE 189         ELECTRIC SPRAYER: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            190

13.5       ELECTRIC TRACTOR     191

13.5.1    RENTAL PROGRAMS AND GOVERNMENT INITIATIVES TO DRIVE MARKET            191

TABLE 190         ELECTRIC TRACTOR: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)            191

TABLE 191         ELECTRIC TRACTOR: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)            191

TABLE 192         ELECTRIC TRACTOR: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)            192

TABLE 193         ELECTRIC TRACTOR: ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)            192

14          ELECTRIC TRACTOR MARKET, BY PROPULSION             193

14.1       INTRODUCTION            194

14.2       INDUSTRY INSIGHTS    194

FIGURE 39         ELECTRIC TRACTOR MARKET, BY PROPULSION, 2023 VS. 2030 (USD MILLION) 195

TABLE 194         ELECTRIC TRACTOR MARKET, BY PROPULSION, 2018–2022 (UNITS)             195

TABLE 195         ELECTRIC TRACTOR MARKET, BY PROPULSION, 2023–2030 (UNITS)             195

TABLE 196         ELECTRIC TRACTOR MARKET, BY PROPULSION, 2018–2022 (USD MILLION) 196

TABLE 197         ELECTRIC TRACTOR MARKET, BY PROPULSION, 2023–2030 (USD MILLION) 196

14.3       HYBRID ELECTRIC        196

14.3.1    INCREASING DEMAND FOR MEDIUM- AND HEAVY-DUTY TRACTORS TO DRIVE MARKET       196

TABLE 198         HYBRID: ELECTRIC TRACTOR MARKET, BY REGION, 2018–2022 (UNITS)             197

TABLE 199         HYBRID: ELECTRIC TRACTOR MARKET, BY REGION, 2023–2030 (UNITS)             197

TABLE 200         HYBRID: ELECTRIC TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION) 197

TABLE 201         HYBRID: ELECTRIC TRACTOR MARKET, BY REGION, 2023–2030 (USD MILLION) 197

14.4       BATTERY ELECTRIC     198

14.4.1    EU EMISSION REGULATIONS AND US ENVIRONMENTAL PROTECTION AGENCY NORMS TO DRIVE MARKET     198

TABLE 202         BATTERY ELECTRIC: ELECTRIC TRACTOR MARKET, BY REGION, 2018–2022 (UNITS)       198

TABLE 203         BATTERY ELECTRIC: ELECTRIC TRACTOR MARKET, BY REGION, 2023–2030 (UNITS)       199

TABLE 204         BATTERY ELECTRIC: ELECTRIC TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION)       199

TABLE 205         BATTERY ELECTRIC: ELECTRIC TRACTOR MARKET, BY REGION, 2023–2030 (USD MILLION)       199

14.5       HYDROGEN      200

14.5.1    SUSTAINABLE AGRICULTURE APPLICATIONS TO DRIVE MARKET              200

TABLE 206         HYDROGEN: ELECTRIC TRACTOR MARKET, BY REGION, 2018–2022 (UNITS)     200

TABLE 207         HYDROGEN: ELECTRIC TRACTOR MARKET, BY REGION, 2023–2030 (UNITS)     200

TABLE 208         HYDROGEN: ELECTRIC TRACTOR MARKET, BY REGION, 2018–2022 (USD MILLION)     201

TABLE 209         HYDROGEN: ELECTRIC TRACTOR MARKET, BY REGION, 2023–2030 (USD MILLION)     201

15          ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION    202

15.1       INTRODUCTION            203

15.1.1    INDUSTRY INSIGHTS    203

FIGURE 40         ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION, 2023 VS. 2030 (USD MILLION)            204

TABLE 210         ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION, 2018–2022 (UNITS)  204

TABLE 211         ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION, 2023–2030 (UNITS)  204

TABLE 212         ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION, 2018–2022 (USD MILLION)   205

TABLE 213         ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY PROPULSION, 2023–2030 (USD MILLION)   205

15.2       HYBRID ELECTRIC        205

15.2.1    GROWING INVESTMENTS IN MINING INDUSTRY TO DRIVE MARKET              205

TABLE 214         HYBRID ELECTRIC: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)  206

TABLE 215         HYBRID ELECTRIC: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)  206

TABLE 216         HYBRID ELECTRIC: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)   206

TABLE 217         HYBRID ELECTRIC: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)   207

15.3       BATTERY ELECTRIC     207

15.3.1    IMPROVED MANEUVERABILITY AND DRIVABILITY TO DRIVE MARKET              207

TABLE 218         BATTERY ELECTRIC: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)  208

TABLE 219         BATTERY ELECTRIC: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)  208

TABLE 220         BATTERY ELECTRIC: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)   208

TABLE 221         BATTERY ELECTRIC: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)   208

15.4       HYDROGEN      209

15.4.1    FOCUS ON GREEN FUELS TO DRIVE MARKET    209

TABLE 222         HYDROGEN: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)  209

TABLE 223         HYDROGEN: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)  210

TABLE 224         HYDROGEN: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)   210

TABLE 225         HYDROGEN: ELECTRIC CONSTRUCTION AND MINING EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)   210

16          ELECTRIC OFF-HIGHWAY EQUIPMENT MARKET, BY BATTERY CAPACITY AND INDUSTRY        211

16.1       INTRODUCTION            212

16.1.1    PRIMARY INSIGHTS       212

FIGURE 41         ELECTRIC OFF-HIGHWAY EQUIPMENT MARKET, BY BATTERY CAPACITY AND INDUSTRY, 2023 (UNITS)           212

16.2       ELECTRIC OFF-HIGHWAY EQUIPMENT AND BATTERY CAPACITY              213

TABLE 226         ELECTRIC OFF-HIGHWAY EQUIPMENT: INDICATIVE OEM MODELS AND THEIR BATTERY CAPACITY         213

16.3       CONSTRUCTION EQUIPMENT  215

16.3.1    INCREASED ADOPTION OF 50–200 KWH EQUIPMENT DUE TO BALANCED RANGE AND POWER TO DRIVE MARKET     215

TABLE 227         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2018–2022 (UNITS)             215

TABLE 228         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY, 2023–2030 (UNITS)             216

16.4       MINING EQUIPMENT    217

16.4.1    200–500 KWH BATTERY CAPACITY SEGMENT TO DRIVE MARKET              217

TABLE 229         ELECTRIC MINING EQUIPMENT MARKET, BY BATTERY CAPACITY, 2018–2022 (UNITS)   218

TABLE 230         ELECTRIC MINING EQUIPMENT MARKET, BY BATTERY CAPACITY, 2023–2030 (UNITS)   218

16.5       AGRICULTURE TRACTORS        219

16.5.1    <50 KWH BATTERY CAPACITY SEGMENT TO DOMINATES MARKET              219

TABLE 231         ELECTRIC AGRICULTURE TRACTORS MARKET, BY BATTERY CAPACITY, 2018–2022 (UNITS)   219

TABLE 232         ELECTRIC AGRICULTURE TRACTORS MARKET, BY BATTERY CAPACITY, 2023–2030 (UNITS)   220

17          ELECTRIC OFF-HIGHWAY EQUIPMENT MARKET, BY BATTERY CHEMISTRY AND INDUSTRY     221

17.1       INTRODUCTION            222

17.2       ELECTRIC OFF-HIGHWAY EQUIPMENT AND BATTERY CAPACITY              222

TABLE 233         ELECTRIC OFF-HIGHWAY EQUIPMENT: INDICATIVE OEM MODELS AND THEIR BATTERY CHEMISTRY      222

17.2.1    PRIMARY INSIGHTS       224

FIGURE 42         ELECTRIC OFF-HIGHWAY EQUIPMENT MARKET, BY BATTERY CHEMISTRY AND INDUSTRY, 2023 (UNITS)        224

17.3       CONSTRUCTION EQUIPMENT  224

17.3.1    LITHIUM NICKEL MANGANESE COBALT OXIDE BATTERY SEGMENT TO DRIVE MARKET       224

TABLE 234         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2018–2022 (UNITS)          225

TABLE 235         ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2023–2030 (UNITS)          225

17.4       MINING EQUIPMENT    226

17.4.1    LFP BATTERY SEGMENT TO DRIVE MARKET     226

TABLE 236         ELECTRIC MINING EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2018–2022 (UNITS) 226

TABLE 237         ELECTRIC MINING EQUIPMENT MARKET, BY BATTERY CHEMISTRY, 2023–2030 (UNITS) 227

17.5       AGRICULTURE TRACTORS        227

17.5.1    AFFORDABILITY, LONGEVITY, AND MINIMAL ENVIRONMENTAL RISKS TO DRIVE MARKET       227

TABLE 238         ELECTRIC AGRICULTURE TRACTORS MARKET, BY BATTERY CHEMISTRY, 2018–2022 (UNITS) 228

TABLE 239         ELECTRIC AGRICULTURE TRACTORS MARKET, BY BATTERY CHEMISTRY, 2023–2030 (UNITS) 228

18          ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION 229

18.1       INTRODUCTION            230

18.1.1    INDUSTRY INSIGHTS    230

FIGURE 43         ASIA PACIFIC TO HOLD LARGEST MARKET SHARE (2023–2030)              230

TABLE 240        ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (UNITS)         231

TABLE 241        ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (UNITS)         231

TABLE 242        ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)          231

TABLE 243        ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY REGION, 2023–2030 (USD MILLION)          231

18.2       ASIA PACIFIC    232

FIGURE 44         ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023 VS. 2030 (USD MILLION)   232

TABLE 244         ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS)        233

TABLE 245         ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (UNITS)        233

TABLE 246         ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)         233

TABLE 247         ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)         234

18.2.1    ASIA PACIFIC: RECESSION IMPACT ANALYSIS    234

18.2.2    CHINA  234

18.2.2.1 National IV emission standards and mining automation to drive market   234

TABLE 248         CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  235

TABLE 249         CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  235

TABLE 250         CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   236

TABLE 251         CHINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   236

18.2.3    INDIA   237

18.2.3.1 National Mission for Sustainable Agriculture and higher budgets of Ministry of Road Transport and Highways to drive market             237

TABLE 252         INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  237

TABLE 253         INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  238

TABLE 254         INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   238

TABLE 255         INDIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   239

18.2.4    JAPAN  240

18.2.4.1 Large-scale farming and testing of unmanned electric tractors to drive market              240

TABLE 256         JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  240

TABLE 257         JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  241

TABLE 258         JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   241

TABLE 259         JAPAN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   242

18.2.5    SOUTH KOREA 242

18.2.5.1 Electrification of dump trucks for mining to drive market           242

TABLE 260         SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)       243

TABLE 261         SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)       243

TABLE 262         SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)        244

TABLE 263         SOUTH KOREA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)        244

18.2.6    REST OF ASIA PACIFIC  245

TABLE 264         REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)            245

TABLE 265         REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)            246

TABLE 266         REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)              246

TABLE 267         REST OF ASIA PACIFIC: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)              247

18.3       EUROPE             248

FIGURE 45         EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET SNAPSHOT        248

TABLE 268         EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS)           249

TABLE 269         EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (UNITS)           249

TABLE 270         EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)            250

TABLE 271         EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)            250

18.3.1    EUROPE: RECESSION IMPACT ANALYSIS            251

18.3.2    GERMANY         251

18.3.2.1 Need for productive and autonomous technology in municipality management and agriculture to drive market 251

TABLE 272         GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)           252

TABLE 273         GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)           252

TABLE 274         GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)           253

TABLE 275         GERMANY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)           253

18.3.3    UK         254

18.3.3.1 Rising demand for lawn mowers for gardening and lawn maintenance to drive market   254

TABLE 276         UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  254

TABLE 277         UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  255

TABLE 278         UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   255

TABLE 279         UK: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   256

18.3.4    FRANCE             257

18.3.4.1 French National Low Carbon Strategy and Energy Transition for Green Growth Act to drive market            257

TABLE 280         FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)           257

TABLE 281         FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)           258

TABLE 282         FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)           258

TABLE 283         FRANCE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)           259

18.3.5    SPAIN   260

18.3.5.1 National Strategic Plan for Agriculture to drive market 260

TABLE 284         SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  260

TABLE 285         SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  260

TABLE 286         SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   261

TABLE 287         SPAIN: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   261

18.3.6    RUSSIA 262

18.3.6.1 Ongoing developments in electric tractor segment to drive market           262

TABLE 288         RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  262

TABLE 289         RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  263

TABLE 290         RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   263

TABLE 291         RUSSIA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   264

18.3.7    ITALY   264

18.3.7.1 Temperate climate and traditional outdoor spaces to drive market           264

TABLE 292         ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  265

TABLE 293         ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  265

TABLE 294         ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   266

TABLE 295         ITALY: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   266

18.3.8    REST OF EUROPE           267

TABLE 296         REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)       267

TABLE 297         REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)       268

TABLE 298         REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)        268

TABLE 299         REST OF EUROPE: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)        269

18.4       AMERICAS         270

FIGURE 46         AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET SNAPSHOT        270

TABLE 300         AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (UNITS)           271

TABLE 301         AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (UNITS)           271

TABLE 302         AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2018–2022 (USD MILLION)            271

TABLE 303         AMERICAS: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)            272

18.4.1    AMERICAS: RECESSION IMPACT ANALYSIS         272

18.4.2    US         273

18.4.2.1 Growing investments in electric off-highway equipment, subsystems, and batteries to drive market    273

TABLE 304         US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  273

TABLE 305         US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  274

TABLE 306         US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   274

TABLE 307         US: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   275

18.4.3    CANADA            275

18.4.3.1 Global dominance in mining industry to drive market  275

TABLE 308         CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)           276

TABLE 309         CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)           276

TABLE 310         CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)           277

TABLE 311         CANADA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)           277

18.4.4    MEXICO             278

18.4.4.1 Lower electricity tariffs to drive market          278

TABLE 312         MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)           278

TABLE 313         MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)           279

TABLE 314         MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)           279

TABLE 315         MEXICO: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)           280

18.4.5    BRAZIL 280

18.4.5.1 Incorporation of electric tractors in farming and frameworks to regularize mining industry to drive market     280

TABLE 316         BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)  281

TABLE 317         BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)  281

TABLE 318         BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)   282

TABLE 319         BRAZIL: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)   282

18.4.6    ARGENTINA      283

18.4.6.1 Digital agriculture and 2030 Agenda for Sustainable Development to drive market              283

TABLE 320         ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (UNITS)       283

TABLE 321         ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (UNITS)       284

TABLE 322         ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2018–2022 (USD MILLION)        284

TABLE 323         ARGENTINA: ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY EQUIPMENT TYPE, 2023–2030 (USD MILLION)        285

19          COMPETITIVE LANDSCAPE       286

19.1       OVERVIEW        286

19.2       MARKET SHARE ANALYSIS         286

TABLE 324         DEGREE OF COMPETITION, 2022           286

FIGURE 47         MARKET SHARE ANALYSIS, 2022             287

19.3       REVENUE ANALYSIS      288

FIGURE 48         REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2020–2022      288

19.4       KEY PLAYERS’ STRATEGIES       288

TABLE 325         KEY PLAYERS’ STRATEGIES, 2021–2023  289

19.5       COMPANY EVALUATION MATRIX: ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS             291

19.5.1    STARS  291

19.5.2    EMERGING LEADERS    291

19.5.3    PERVASIVE PLAYERS     291

19.5.4    PARTICIPANTS 291

19.5.5    COMPANY FOOTPRINT 292

TABLE 326         ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS: COMPANY FOOTPRINT, 2022    292

TABLE 327         ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS: COMPANY FOOTPRINT, BY EQUIPMENT TYPE, 2022      293

TABLE 328         ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS: COMPANY FOOTPRINT, BY REGION, 2022          294

FIGURE 49         COMPANY EVALUATION MATRIX: ELECTRIC CONSTRUCTION EQUIPMENT MANUFACTURERS, 2022    295

FIGURE 50         KEY DEVELOPMENTS BY LEADING PLAYERS     296

19.6       COMPANY EVALUATION MATRIX: ELECTRIC CONSTRUCTION EQUIPMENT BATTERY/COMPONENT MANUFACTURERS           297

19.6.1    STARS  297

19.6.2    EMERGING LEADERS    297

19.6.3    PERVASIVE PLAYERS     297

19.6.4    PARTICIPANTS 297

19.6.5    COMPANY FOOTPRINT 298

TABLE 329         ELECTRIC CONSTRUCTION EQUIPMENT BATTERY/COMPONENT MANUFACTURERS: COMPANY FOOTPRINT, 2022              298

TABLE 330         ELECTRIC CONSTRUCTION EQUIPMENT BATTERY/COMPONENT MANUFACTURERS: COMPANY FOOTPRINT, BY PROPULSION, 2022        298

TABLE 331         ELECTRIC CONSTRUCTION EQUIPMENT BATTERY/COMPONENT MANUFACTURERS: COMPANY FOOTPRINT, BY REGION, 2022    299

FIGURE 51         COMPANY EVALUATION MATRIX: ELECTRIC CONSTRUCTION EQUIPMENT BATTERY/COMPONENT MANUFACTURERS, 2022 300

19.7       COMPETITIVE SCENARIOS AND TRENDS           301

19.7.1    PRODUCT DEVELOPMENTS      301

TABLE 332         PRODUCT DEVELOPMENTS, 2021–2023 301

19.7.2    DEALS  305

TABLE 333         DEALS, 2021–2023           305

19.7.3    OTHERS             311

TABLE 334         OTHERS, 2021–2023        311

19.8       MAJOR ELECTRIC CONSTRUCTION VEHICLE MANUFACTURERS              313

TABLE 335         BATTERY ELECTRIC CONSTRUCTION VEHICLES (OEMS AND MODELS)          313

19.9       MAJOR ELECTRIC MINING VEHICLE MANUFACTURERS 314

TABLE 336         ELECTRIC AND HYBRID MINING TRUCKS (OEMS AND MODELS)          314

TABLE 337         ELECTRIC AND HYBRID MINING LOAD HAUL DUMPERS (OEMS AND MODELS) 315

19.10     MAJOR ELECTRIC TRACTOR VEHICLE MANUFACTURERS          315

TABLE 338         ELECTRIC AND HYBRID TRACTORS (OEMS AND MODELS)              315

20          COMPANY PROFILES    316

(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*

20.1       KEY PLAYERS   316

20.1.1    HITACHI CONSTRUCTION MACHINERY CO., LTD.          316

TABLE 339         HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY OVERVIEW        316

FIGURE 52         HITACHI CONSTRUCTION MACHINERY CO., LTD.: COMPANY SNAPSHOT        317

TABLE 340         HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   317

TABLE 341         HITACHI CONSTRUCTION MACHINERY CO., LTD.: PRODUCT DEVELOPMENTS           319

TABLE 342         HITACHI CONSTRUCTION MACHINERY CO., LTD.: DEALS              320

TABLE 343         HITACHI CONSTRUCTION MACHINERY CO., LTD.: OTHERS              322

20.1.2    CATERPILLAR INC.        325

TABLE 344         CATERPILLAR INC.: COMPANY OVERVIEW         325

FIGURE 53         CATERPILLAR INC.: COMPANY SNAPSHOT        326

TABLE 345         CATERPILLAR INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          326

TABLE 346         CATERPILLAR INC.: DEALS        328

TABLE 347         CATERPILLAR INC.: PRODUCT DEVELOPMENTS            329

20.1.3    KOMATSU LTD.             332

TABLE 348         KOMATSU LTD.: COMPANY OVERVIEW 332

FIGURE 54         KOMATSU LTD.: COMPANY SNAPSHOT 333

TABLE 349         KOMATSU LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              333

TABLE 350         KOMATSU LTD.: DEALS 335

TABLE 351         KOMATSU LTD.: PRODUCT DEVELOPMENTS    337

20.1.4    JCB        339

TABLE 352         JCB: COMPANY OVERVIEW        339

TABLE 353         JCB: PRODUCTS/SOLUTIONS/SERVICES OFFERED         340

TABLE 354         JCB: DEALS       341

TABLE 355         JCB: PRODUCT DEVELOPMENTS           342

20.1.5    VOLVO CONSTRUCTION EQUIPMENT  344

TABLE 356         VOLVO CONSTRUCTION EQUIPMENT: COMPANY OVERVIEW              344

FIGURE 55         VOLVO CONSTRUCTION EQUIPMENT: COMPANY SNAPSHOT              345

TABLE 357         VOLVO CONSTRUCTION EQUIPMENT: PRODUCTS/SOLUTIONS/SERVICES OFFERED   345

TABLE 358         VOLVO CONSTRUCTION EQUIPMENT: DEALS  347

TABLE 359         VOLVO CONSTRUCTION EQUIPMENT: PRODUCT DEVELOPMENTS           349

TABLE 360         VOLVO CONSTRUCTION EQUIPMENT: OTHERS             351

20.1.6    DEERE & COMPANY      353

TABLE 361         DEERE & COMPANY: COMPANY OVERVIEW       353

FIGURE 56         DEERE & COMPANY: COMPANY SNAPSHOT       354

TABLE 362         DEERE & COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED          354

TABLE 363         DEERE & COMPANY: DEALS      355

TABLE 364         DEERE & COMPANY: PRODUCT DEVELOPMENTS          356

TABLE 365         DEERE & COMPANY: OTHERS   357

20.1.7    SANDVIK AB      358

TABLE 366         SANDVIK AB: COMPANY OVERVIEW      358

FIGURE 57         SANDVIK AB: COMPANY SNAPSHOT      359

TABLE 367         SANDVIK AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED              359

TABLE 368         SANDVIK AB: DEALS     360

TABLE 369         SANDVIK AB: PRODUCT DEVELOPMENTS         363

20.1.8    EPIROC AB        364

TABLE 370         EPIROC AB: COMPANY OVERVIEW         364

FIGURE 58         EPIROC AB: COMPANY SNAPSHOT        365

TABLE 371         EPIROC AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED              366

TABLE 372         EPIROC AB: DEALS        367

TABLE 373         EPIROC AB: PRODUCT DEVELOPMENTS            368

TABLE 374         EPIROC AB: OTHERS     369

20.1.9    LIEBHERR         370

TABLE 375         LIEBHERR: COMPANY OVERVIEW          370

FIGURE 59         LIEBHERR: COMPANY SNAPSHOT          371

TABLE 376         LIEBHERR: PRODUCTS/SOLUTIONS/SERVICES OFFERED              371

TABLE 377         LIEBHERR: DEALS          374

TABLE 378         LIEBHERR: PRODUCT DEVELOPMENTS 374

20.1.10  DOOSAN GROUP           376

TABLE 379         DOOSAN GROUP: COMPANY OVERVIEW            376

FIGURE 60         DOOSAN GROUP: COMPANY SNAPSHOT            377

TABLE 380         DOOSAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED          377

TABLE 381         DOOSAN GROUP: DEALS           378

TABLE 382         DOOSAN GROUP: PRODUCT DEVELOPMENTS 379

*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.

20.2       OTHER PLAYERS           381

20.2.1    SOLETRAC INC. 381

TABLE 383         SOLETRAC INC.: COMPANY OVERVIEW 381

20.2.2    DANA LIMITED 382

TABLE 384         DANA LIMITED: COMPANY OVERVIEW 382

20.2.3    DEUTZ AG         383

TABLE 385         DEUTZ AG: COMPANY OVERVIEW         383

20.2.4    FENDT 384

TABLE 386         FENDT: COMPANY OVERVIEW  384

20.2.5    HUSQVARNA AB             385

TABLE 387         HUSQVARNA AB: COMPANY OVERVIEW             385

20.2.6    STIHL HOLDING AG AND CO. KG           386

TABLE 388         STIHL HOLDING AG AND CO. KG: COMPANY OVERVIEW              386

20.2.7    XUZHOU CONSTRUCTION MACHINERY GROUP CO., LTD. (XCMG) GROUP 387

TABLE 389         XUZHOU CONSTRUCTION MACHINERY GROUP CO., LTD. (XCMG) GROUP: COMPANY OVERVIEW 387

20.2.8    SANY HEAVY INDUSTRIES CO., LTD.      388

TABLE 390         SANY HEAVY INDUSTRIES CO., LTD.: COMPANY OVERVIEW              388

20.2.9    KUBOTA CORPORATION           389

TABLE 391         KUBOTA CORPORATION: COMPANY OVERVIEW            389

20.2.10  KOBELCO CONSTRUCTION MACHINERY EUROPE BV    390

TABLE 392         KOBELCO CONSTRUCTION MACHINERY EUROPE BV: COMPANY OVERVIEW  390

20.2.11  BHARAT EARTH MOVERS LIMITED        391

TABLE 393         BHARAT EARTH MOVERS LIMITED: COMPANY OVERVIEW              391

20.2.12  CRRC CORPORATION   392

TABLE 394         CRRC CORPORATION: COMPANY OVERVIEW    392

20.2.13  CNH INDUSTRIAL NV    393

TABLE 395         CNH INDUSTRIAL NV: COMPANY OVERVIEW    393

20.2.14  WACKER NEUSON SE    394

TABLE 396         WACKER NEUSON SE: COMPANY OVERVIEW     394

20.2.15  TAKEUCHI GLOBAL      395

TABLE 397         TAKEUCHI GLOBAL: COMPANY OVERVIEW       395

20.2.16  HD HYUNDAI HEAVY INDUSTRIES CO., LTD.     395

TABLE 398         HD HYUNDAI HEAVY INDUSTRIES CO., LTD.: COMPANY OVERVIEW        395

20.2.17  LUIGONG MACHINERY CO., LTD.           396

TABLE 399         LIUGONG MACHINERY CO., LTD.: COMPANY OVERVIEW              396

21          APPENDIX         397

21.1       INSIGHTS FROM INDUSTRY EXPERTS   397

21.2       DISCUSSION GUIDE      398

21.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             402

21.4       CUSTOMIZATION OPTIONS      404

21.4.1    ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY APPLICATION              404

21.4.1.1 Construction        404

21.4.1.2 Mining   404

21.4.1.3 Agriculture          404

21.4.1.4 Gardening           404

21.4.2    ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY PROPULSION              404

21.4.2.1 Electric  404

21.4.2.2 Hybrid   404

21.4.2.3 Hydrogen            404

21.4.3    ELECTRIC CONSTRUCTION EQUIPMENT MARKET, BY BATTERY CAPACITY AND BATTERY CHEMISTRY  404

21.4.3.1 <50 kWh             404

21.4.3.2 50–200 kWh        404

21.4.3.3 200–500 kWh      404

21.4.3.4 >500 kWh           404

21.4.3.5 Lithium Iron Phosphate     404

21.4.3.6 Lithium Nickel Manganese Cobalt Oxide       404

21.4.3.7 Other Battery Chemistries 404

21.4.4    ELECTRIC MINING MACHINERY MARKET, BY BATTERY CAPACITY AND BATTERY CHEMISTRY  404

21.4.4.1 <50 kWh             404

21.4.4.2 50–200 kWh        404

21.4.4.3 200–500 kWh      404

21.4.4.4 >500 kWh           404

21.4.4.5 Lithium Iron Phosphate     404

21.4.4.6 Lithium Nickel Manganese Cobalt Oxide       404

21.4.4.7 Other Battery Chemistries 405

21.4.5    ELECTRIC AGRICULTURE EQUIPMENT MARKET, BY BATTERY CAPACITY & BATTERY CHEMISTRY       405

21.4.5.1 <50 kWh             405

21.4.5.2 50–200 kWh        405

21.4.5.3 200–500 kWh      405

21.4.5.4 >500 kWh           405

21.4.5.5 Lithium Iron Phosphate     405

21.4.5.6 Lithium Nickel Manganese Cobalt Oxide       405

21.4.5.7 Other Battery Chemistries 405

21.4.6    ELECTRIC CONSTRUCTION EQUIPMENT MARKET FOR ADDITIONAL COUNTRIES      405

21.4.6.1 Australia 405

21.4.6.2 Scandinavian Countries     405

21.4.7    DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5)        405

21.5       RELATED REPORTS       406

21.6       AUTHOR DETAILS         407