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Construction Equipment Industry – Future Insights

The transition has begun!
This decade, the Construction Equipment (CE) industry is sitting at the edge of transformation in a number of ways. The transition is primarily driven by energy transition, power of the digital systems, evolving technologies especially electronics & controls, and the response to the NetZero goals. Let's look at the top trends in the CE industry.

Zero Emission

Driven by large rental companies, machines will find increased adoption of NetZero goals. Compact Equipment below 5-7T operating weight will probably go all electric by 2030 as charging infra and cost of batteries bring a positive push.

Alternate Fuels

Alternate fuels will emerge for equipment above 20T operating weight as Green Hydrogen (GH2) gains pace. Adoption of Hydrogen powered Internal Combustion Engine (H2ICE) alongside Fuel Cells, Natural Gas and Synthetic Fuels, is a space to be watched, especially for large equipment.

Smart Connectivity

Smart connectivity will see large adoption from customers for machinery as well as construction sites due to immense gain in productivity, optimal asset utilization and diagnostics that enhance asset uptime.

Business Models

Shift from Product to Service and Pay by use business models backed by IOT and remote machine management.

Automation

Automation is set to gain penetration across machines, as well as job sites with large labour / skills shortage due to differentiated customer propositions.

Remote operations

Remote operations have huge potential use cases ahead of autonomous sites. Varied scenarios prevail such as one control station managing a fleet, or more than one machine or job site along side machine diagnostics.

Drones

Drones could become integral in site management, delivery of parts to machines, site mapping, with an integral role of supervision.

Data & analytics

Data and analytics will increasingly be the basis of operations and decision making. CE industry is at the infancy of this and will see increased data and cloud technology adoption.

Energy Transition

Last but most important of all… energy transition will accelerate at a faster pace than ever before. Fossil Fuels will see increasing pressure from regulations, while enhanced acceptance from alternate energy technologies will become a key parameter.

The journey to 2030 is going to be historic and will set pace for climate transition, hopefully positively.

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