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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Heavy machinery producers are producing all-electric versions of typical construction machinery as part of their attempts to make construction more ecologically friendly.
More emphasis has been placed in recent years on using environmentally friendly building techniques, and now electric heavy equipment is joining the ranks of electric cars and public transportation as an ecologically acceptable alternative.
Electric construction equipment is not a brand-new concept. Forklifts, excavators, loaders, and other heavy equipment are currently accessible to rent or purchase all over the world.
Electric hybrid machines have been in use for some time. Performance capabilities of all-electric machinery are almost on par with those of diesel machinery.
The China Electric Construction Equipment Market accounted for $XX Billion in 2024 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In order to act as a technological demonstrator and potential future equipment solution, worldwide engine and power products expert Cummins and Chinese equipment giant XCMG collaborated to develop and construct a 3.5t electric excavator.
According to the company, the new electric excavator is appropriate for use on construction sites in highly populated towns and cities all over the world since it meets strict emissions regulations and operates quietly while getting the job done.
The excavator has 45kWh of battery power and is powered by Cummins' BM5.7E battery modules. According to Cummins, each battery module is built with extremely high shock and vibration resistance to withstand the demanding conditions found in the construction environment.
He also noted that the precise synchronization of the hydraulic system and motor results in an effective, dependable, and quiet drive system, making it perfect for use in urban and suburban construction.
According to Cummins, the excavator can run for a whole eight-hour shift on a single charge that takes less than six hours. Because of the quick charge times, equipment may be charged overnight, avoiding downtime and using off-peak energy savings.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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