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The forklift market in the industrial equipment industry has grown significantly in recent years, with a global market size of OEMs reaching $65.5 billion in 2023. Unit sales in electric models reached 1,517,165 units in 2023; Frost & Sullivan projects the figure to increase to 2,599,553 units in 2030 at an 8% compound annual growth rate (CAGR). Fa...

The OHW industry has always relied on retrofit solutions to prolong equipment life cycles, meet emission standards, and improve operating efficiency. During the past decade, several developments have happened in OHW retrofit solutions. The increasing cost of new retail equipment is breaking entry barriers for start-ups offering application-specific...

26 Dec 2024  |  Global  |  Market Research

Construction and Mining Equipment Electrification Industry, Global, 2024-2035

Sustainability Targets are Driving Transformational Growth

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Electrification in the construction and mining industry has grown significantly in recent years, with the global market size of original equipment manufacturers reaching $241.2 billion in 2023. Unit sales in electric and hybrid models reached 59,909 units in 2023, and Frost & Sullivan projects a 16.5% compound annual growth rate (CAGR), reaching 37...

Industrial artificial intelligence (AI) has emerged as a transformative force in manufacturing and process industries, revolutionizing traditional approaches to automation, process optimization, and decision-making. The technology's impact spans 3 core application domains: Product Innovation, enabling value creation through AI-enhanced products and...

This edition of the Advanced Coating & Surface Technology Opportunity Engine profiles significant advancements in high-tech materials for various enhanced industrial applications. The featured innovations include Specialized PVD Coating System for Proton Exchange Membrane Fuel Cells, Plasma Ion Energy Control for Thin Film Deposition and Etching Ap...

The United Arab Emirates (UAE) is poised for robust economic expansion, with real GDP growth forecast to average 4.7% between 2025 and 2030, outpacing the 2.6% recorded between 2019 and 2024. Population growth is anticipated to stay positive, reaching 12.3 million in 2030 from 11.1 million in 2024, with the share of adult and middle-aged adult and ...

Global economic, trade, and investment trends in 2025 are being shaped by a complex interplay of policy pivots and shifting tariff dynamics under the second Trump administration in the United States. Although reciprocal tariffs introduced in early April have been paused for 90 days, key tariffs remain in effect, including 25% on imports from Mexico...

Vulnerabilities are errors or weaknesses within a software program, network, application, or endpoint that enable an unauthorized user to access sensitive data, gain control, or deny access to authorized users. At a high level, Frost & Sullivan defines vulnerability management (VM) as a platform that offers vulnerability assessment, prioritization,...

This edition of the Advanced Coating & Surface Technology Opportunity Engine profiles significant advancements in Advanced Coatings and Surface Technology (ACST) for various enhanced industrial applications. The featured innovations are Advanced Vapor Corrosion Inhibitor Solution for Complex Geometries, Advanced Corrosion Protection for HVAC/R Syst...