BOSTON, April 30,
2024 /PRNewswire/ -- IDTechEx, a trusted provider
of independent market intelligence, announces the
availability of a new market report, "Battery Markets in
Construction, Agriculture & Mining Machines 2024-2034".
The report forecasts battery demand for off-highway
industries will be worth nearly US$8
billion in 2034.
The growing electrification seen in the construction,
agriculture, and mining (CAM) industries opens up a new market
opportunity for cell manufacturers and battery pack makers. In this
new battery market report, IDTechEx finds that, in total, battery
demand across all CAM industries is expected to reach 53.6 GWh in
2034. This equates to an industry valued at US$7.8 billion in 2034, representing a 10-year
CAGR of 27.1%.
This independent research report provides critical market
intelligence on battery markets for construction, agriculture, and
mining vehicles. A database of over 200 electric machines from the
CAM sectors is examined, combined with nearly 200 products from
turnkey battery pack suppliers. The individual needs of 15
different machine types are considered, along with the merits of
ten battery technologies, including; NMC, LFP, LTO,
sodium-ion, solid-state batteries, silicon anode batteries,
lithium-metal batteries, and more. These combine to give
recommendations for the best battery fit for each of the machines
across construction, agriculture and mining industries. The report
concludes with forecasts for the growth of these technologies
within the CAM market, evaluating the market size and distribution
over the next 10 years.
"Battery Markets in Construction, Agriculture & Mining
Machines 2024-2034" covers the following key aspects:
• An overview of CAM EVs
• Vehicle trends and performance analysis
• Benchmarking of off-the-shelf battery products and
suppliers' core technologies
• An overview of Li-ion and beyond Li-ion batteries, and
their applicability to CAM
• Granular 10-year forecasts for battery demand and
revenue
The main contents of this report include:
• Executive summary and conclusions
• Introduction to CAM vehicle electrification
- Construction EVs
- Agriculture EVs
- Mining EVs
• Vehicle performance requirements
- Analysis of battery sizing, power, cycle life, cost, and
more
• Turnkey battery suppliers
- Product benchmarking and trends
- Supplier case studies
- Mergers, acquisitions, and spinouts
• Future battery technologies
- Li-ion, including NMC and LFP
- Lithium titanates and niobates
- Silicon anode
- Li-metal
- Solid-state
- Li-sulphur
- Na-ion
- Al-ion
- Zn-based batteries
• Application of battery technologies to CAM vehicles
• 10-year market forecasts
- Electric vehicle sales (units)
- Battery demand (GWh)
- Revenue (US$)
For more information on this report, including downloadable
sample pages, please visit www.IDTechEx.com/CAMBatteries.
IDTechEx reports provide a detailed appraisal of a technology
and its applications, based on primary and secondary research
conducted by technical analysts, helping you understand the full
picture. These high quality, unbiased studies are researched at a
global level.
For the full portfolio of battery and electric vehicle related
research available from IDTechEx, please visit
www.IDTechEx.com.
About IDTechEx
IDTechEx provides trusted independent research on emerging
technologies and their markets. Since 1999, we have been
helping our clients to understand new technologies, their supply
chains, market requirements, opportunities and forecasts. For more
information, contact research@IDTechEx.com or
visit www.IDTechEx.com.
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Lucy Rogers
Marketing and Sales Administrator
press@IDTechEx.com
+44(0)1223 812300
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SOURCE IDTechEx