Research and Markets has announced the addition of the "Global Diesel Engines for Construction and Earthmoving Sector 2017-2021" report to its offering.
The global diesel engines for construction and earthmoving sector is set to grow at a CAGR of 3.83% during the period 2017-2021.
The report, "Global Diesel Engines for Construction and Earthmoving Sector 2017-2021," has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is the rise of hybrids. The hybrid hydraulic excavator has a swing framework that incorporates electric motors. It charges a capacitor by the power generated through swing deceleration. This power is then used to assist the hydraulic motor in swing acceleration. Another motor that is associated with hydraulic pumps adjusts to the measure of electric energy in the capacitor. It helps generate power and supports the engine. This way, fuel utilization can be reduced. Many hybrids promise up to 25% cost savings.
According to the report, one driver in the market is an increasing requirement for fuel-efficient construction equipment. The increasing concern over environmental degradation is catching wind in the equipment sector also. The rise in concern over the smart use of equipment is gaining prominence in the market. The Paris Agreement signed by major countries mandates global temperatures be reduced by 2 C. Construction involves many exothermic operations due to which the temperature around the site remains high. This has taken a major toll on the industry as environmentalists are arguing over the rising construction activity and the consequent rising temperature.
Key vendors include:
- Kubota Group
Other prominent vendors:
- Ashok Leyland
- Kirloskar Oil Engines
- Doosan Infracore
- Deere & Company