"Electric vehicles for construction, mining and agriculture will be a $50 billion market in 2025"
Albany, NY (PRWEB) October 16, 2014
Electric vehicles for construction, mining and agriculture will be a $50 billion market in 2025. Komatsu, John Deere, Caterpillar, and others manufacture the big vehicles - mainly hybrid - while other manufacturers offer smaller, pure-electric versions.
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Pure electric is a legal requirement indoors. Outdoors, fuel saving and better performance attracts. Cranes and man lifters have many applications. Their production volumes are larger than most people realise. So it is with the electric versions set for 253,000 to be sold in 2025. This is an industry about to change radically. For example, in mining, over 90% of the world's mines are open cast. They are often in remote places up to 4000 meters above sea level, where shipping diesel can cost more than buying it. Consequently, there is now a move to have 350 kW giant haul trucks working the floor and separately the top of the mine with electric rail-veyors lifting the ore from bottom to top. In an all-electric solution new pollution laws can be met, image improved and money saved, the electricity coming from the mine's own wind turbines and photovoltaics. Battery swapping and fast charging of those batteries means 350 kWh batteries suffice - big but no larger than those in other EV sectors.
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The new report explains all this and gives detailed forecasts, comparisons and assessments. It shows how mines will electrify much more but only after the current bust period of the boom-and-bust that characterises this industry. It shows why the ubiquitous tractor in agriculture will, at last, be electric in volume quantities by 2025 and how new forms of vehicle design are coming. Benchmarking from the 37 categories of electric vehicle that IDTechEx forecasts, the report explains what new technologies will arrive and why. Supercapacitors, new power components, greater modularisation and integration will transform this industry. The report draws on interviews and results of many recent conferences on these sectors.
Electric Vehicle Forecasts, Trends And Opportunities 2015-2025
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This master report summarising and forecasting every sector of the EV industry remains unique. It adds new sectors as they become substantial, the latest being car-like microEVs homologated as quadricycles in Europe. In the last year it has become a more closely integrated market - pure electric and hybrid whether on land, water or airborne. For example, Nissan has launched hybrid cars selling in tens of thousands yearly. The e-bike company Brammo took orders for 4,000 of its $20,000 record-breaking e-motorbike on its launch in the USA.
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Previously, e-motorbikes have been merely a curiosity. Many profitable niches are emerging just as the largest major sectors are changing in importance; the industrial and commercial sector is now bigger and much more profitable than e-cars, and is set to remain so for at least eight more years. All components are changing with supercapacitors sometimes replacing or partly replacing batteries and also new types of battery, energy harvesting, power electronics and structure powering growth in this already huge and prosperous business. It is comprehensively forecasted only in this master report and the subsidiary reports on the segments.
Industrial & Commercial Hybrid & Pure Electric Vehicles 2014-2024: Forecasts, Opportunities, Players
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Those selling components for electric vehicles and those wishing to make the vehicles themselves must seek where the majority of the money is spent and will be spent. That must lead them to industrial and commercial electric vehicles because today these represent 60% of the value of the electric vehicle market. Indeed, this sector is set to grow 4.2 times in the next decade. Industrial and commercial electric vehicles include heavy industrial vehicles, the term referring to heavy lifting, as with forklifts.
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Then we have buses, trucks, taxis and the other light industrial and commercial vehicles. There are also a few work boats and commercial boats and one day there will be commercial electric aircraft but this is really a story about the burgeoning demand for off-road industrial vehicles and on-road commercial vehicles. In particular, industrial electric vehicles make industry more efficient and commercial electric vehicles reduce congestion. Both of them greatly reduce pollution and align closely with government objectives concerning industry and the environment, yet they minimally depend on subsidy, in contrast with some other electric vehicle types.
Wireless Power Transmission For Consumer Electronics And Electric Vehicles 2014 - 2024
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Over the next decade, the most vibrant Wireless Power Transmission (WPT) markets will involve the contactless charging of portable and mobile equipment, in particular consumer electronics and electric vehicles and this is the focus of this report. These two aspects go together because the technology is similar, some proposed standards overlap and some suppliers seek to serve both markets.
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Later, this will lead to contactless power for a high proportion of static consumer, industrial and military electronics. For now, it primarily concerns wireless charging of lithium-ion batteries in portable consumer electronics and in land, water and airborne electric vehicles, particularly cars, both hybrid and pure electric. These travel considerable distances and ready availability of standard, convenient ie contactless, charging capability is key to their widespread adoption. To the user of consumer electronics, this is particularly driven by the ever greater functionality and longer hours of use of mobile phones calling for frequent charging, given that the batteries are not improving fast enough.
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