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The electrification of construction and mining equipment is rapidly reshaping the global heavy machinery landscape. In 2023, the original equipment manufacturer (OEM) market for construction and mining machinery reached $241.2 billion, with electric and hybrid equipment sales totaling 59,909 units.
The electrification of construction and mining equipment is rapidly reshaping the global heavy machinery landscape. In 2023, the original equipment manufacturer (OEM) market for construction and mining machinery reached $241.2 billion, with electric and hybrid equipment sales totaling 59,909 units.
In 2023, China’s passenger vehicle exports surged, doubling in volume. The rise of Chinese automakers is bolstered by strategicpartnerships and joint ventures, both domestically and internationally. Commercial trucks play an essential role in sectors such as manufacturing, construction, and eCommerce.
SINGAPORE – June 21, 2023 – Frost & Sullivan recently researched the data center services industry and, based on its findings, recognizes STT GDC Thailand with the 2023 Company of the Year Award. 4 Certification from the U.S. Green Building Council (USGBC) for its energy-efficient designs.
Simultaneously, strategicpartnerships between automotive manufacturers with innovative start-ups in critical areas like battery technology and charging will improve the customer experience, while fast-tracking the development of the EV ecosystem. While the U.S.
Europe: The European Union (EU) Green Deal is funding shape-adaptive materials for Airbus and sustainable construction. Investment Outlook: Expect growing adoption in construction, automotive, and aerospace sectors. Regional Insights : India: The DPDP Act (2023) is pushing companies to enhance identity security and Zero Trust models.
between 2023-2030. Here, cross-industry collaboration between OEMs, suppliers, digital solution providers, battery manufacturers, and construction/mining customers will be crucial to creating turnkey solutions. The global excavators and loaders market is expected to reach $79.48 billion by 2030, growing at a CAGR of 5.2%
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