Albany, NY (PRWEB) November 21, 2014 -- Albany, New York: ResearchMoz.us now offers a report titled ‘Electric Vehicles for Construction, Agriculture and Mining 2015-2025’. The report, added recently, states that the global market for electric vehicles for construction, mining and agriculture will be worth US$50 billion by the end of 2025.
According to the research report, the emerging legal requirements will compel many players to consider making an investment in electric vehicles designed for the construction, agriculture, and mining sector. While the use of electric vehicles has become legally binding indoors, there is ample scope for the adoption of electric vehicles in outdoor applications as well. Not only do electric vehicles offer better performance in the construction, agriculture and mining sector, but they also help save substantial amounts by way of fuel costs.
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The electric vehicle market is composed of different types of products such as: Construction and agriculture electric vehicles, cranes, mobile platforms and lifters, as well as an array of supplementary enabling technologies.
There are multiple applications to be obtained from man lifters and cranes. For one, the production volumes that electric vehicles are capable of achieving are larger than popularly understood. The report estimates that electric versions of these vehicles will touch sales of 253,000 units by 2025.
The report discusses the various big and hybrid vehicle types that are manufactured by leading players such as Caterpillar, Komatsu, and John Deere. Smaller players that manufacture pure-electric versions of such vehicles are also discussed in this report in detail.
The analyses and recommendations of this report suggest that the electric vehicle industry is poised for rapid and radical change. According to the study, given that about 90% of mines in the world are open cast and are located in rugged and remote places (that are sometimes 4000mts above sea level), transporting diesel to such places can be even more expensive than purchasing it. Thus, mining companies will have to resort to solutions such as using a combination of electric haul trucks at the working floor and using rail-based conveyors to transport ore to the top.
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Analysts estimate that in addition to cost saving, adhering to pollution laws will be the greatest motivator for companies to invest in electric vehicles for the construction, agriculture, and mining sector. Electricity to power these vehicles cloud be generated from photovoltaics and wind turbines located on the mines.
The report discusses all of these aspects in great detail, and provides forecasts about the growth prospects of each segment within the global electric vehicle industry for construction, agriculture, and mining.
It states that the tractor – one of the most indispensible vehicles in the agriculture sector – will become widely available in electric versions by 2025.
Emerging new technologies, and why their need is being felt, also form a key component of the analysis of this report. Information gleaned from a number of interviews and discussions and papers presented at conferences across these sectors has been extensively used in this report.
Range Extenders for Electric Vehicles Land, Water & Air 20152025
Industrial and Commercial Hybrid and Pure Electric Vehicles 2015-2025
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Michelle Thoras, ResearchMoz, http://www.researchmoz.us/, +1-518-618-1030, [email protected]