Electric revolution, the electrification of construction machinery is coming
- Electrification of the transportation sector will make a significant contribution to global energy conservation and conumption reduction
- In the future, the construction machinery industry will develop towards electrification and intelligence, and the construction machinery market will enter a new round of development cycle
Do you feel that summer is getting hotter and hotter? This may be the "pot" of greenhouse gases! do you know? Vehicle exhaust emissions are also one of the key contributors to global warming.
Engineering vehicles mainly use fuel as their power source. Although their ownership is only 1/6 of that of motor vehicles, their pollution to the environment is not small at all. The exhaust emission of a small excavator is equivalent to the emission of more than 50 family cars, not to mention large mining trucks and cranes.
Energy saving and emission reduction, green development has become a trend, and construction vehicles with high carbon emissions will naturally join the wave of "carbon reduction". Electrification will be the "cusp" of this wave.
Construction machinery that uses "petroleum" as energy, especially the "oil tigers" such as heavy trucks, mining trucks, and loaders, is bound to usher in a lasting change in the global carbon emission requirements and the wave of new energy. is at the heart of this change.
The application scenarios of construction machinery often have complex working conditions and harsh environments, especially in mining operations, which will also have a certain impact on the health of operators. Therefore, if intelligent autonomous driving can be realized, labor costs can be reduced, safety can be guaranteed, and production efficiency can be greatly improved.
In the context of realizing the "dual carbon" goal and building a new development pattern of dual cycles, traditional "energy-consuming" construction machinery has started a new round of "technical competition" in the transformation of new energy, and the accelerated development of electrification is at the right time. According to the forecast of professional institutions, the pure electric construction machinery market will reach a breaking point in 2025, and the penetration rate of main products may reach 25%. Therefore, with the continuous development of the industry, the full electrification and intelligence of the transportation sector will make a significant contribution to global energy conservation and consumption reduction.
The economic benefits of new energy construction machinery are obvious. On the cost side, batteries account for 40%-50% of the total cost of electric construction machinery. With the gradual improvement of the lithium battery industry chain, the price of lithium-ion battery packs has dropped rapidly. The electric construction machinery market has exploded under the policy drive. Compared with traditional fuel-fired construction machinery, the economy of electric construction machinery is reflected in the use process. Operational cost savings is the main economic factor for electric construction machinery to truly replace traditional fuel construction machinery.
Policies to promote the electrification of construction machinery
In the context of the country's realization of the "dual carbon" goal and the construction of a new dual-cycle development pattern, with the gradual maturity of the "three-electricity" technology, the manufacturing cost of electrified products has been continuously reduced. The whole life cycle cost of fuel is gradually attractive and economical, and electrification has become one of the important directions for the green development of construction machinery. From a policy point of view, in recent years, the relevant policies of the construction machinery industry are mainly inclined to clear out old and high-polluting construction machinery products, and guide the clean and high-tech development of the construction machinery industry.
The central government has pointed out the direction for the development of electrified construction machinery in terms of emission reduction targets, prevention and control technologies and support policies. In 2018, the Ministry of Ecology and Environment issued the "Non-road Mobile Machinery Pollution Prevention and Control Technology Policy" to encourage the application of new energy technologies such as hybrid, pure electric, and fuel cells in non-road mobile machinery, and to give priority to the development of small and medium-sized non-road mobile machinery power units. New energy, and gradually achieve ultra-low emissions, zero emissions. In 2020, the Ministry of Industry and Information Technology issued the Action Plan for Promoting the Electrification of Vehicles in the Public Sector to promote the electrification of construction machinery and accelerate the transformation of the construction machinery industry to new energy.
Various provinces and cities have successively introduced relevant policy plans for the construction machinery industry. According to the policy plans of the provinces and cities for the construction machinery industry, most provinces and cities have proposed to replace high-emission construction machinery and support energy-saving and environmental protection related products. Improve the green manufacturing capacity of construction machinery products, etc.
New energy construction machinery has obvious economic benefits
Battery costs will be reduced. On the cost side, batteries account for 40%-50% of the total cost of electric construction machinery. With the gradual improvement of the lithium battery industry chain, the price of lithium-ion battery packs has dropped rapidly. The global average price of lithium-ion battery packs from 2013 to 2021 will continue to decline, from $684/kWh in 2013 to $132/kWh in 2021. According to historical trend forecasts, the average price of battery packs is expected to fall below $100/kWh by 2024.
Since 2021, the price of raw materials for lithium batteries has continued to rise, and the impact on battery prices in the short term has become increasingly apparent. The nominal average price of battery packs may rise to US$135/kWh in 2022. If there are no other improvements that can mitigate the impact, this could push back the timetable for prices to $100/kWh by two years. This would affect NEV prices or manufacturer profits, and could hurt the economics of energy storage projects.
The continuous reduction in the price of lithium-ion batteries will boost the development of new energy construction machinery. Over the past decade or so, lithium-ion battery pack prices have fallen by 89% from $1,200/kWh in 2010, however, the impact of continued rising prices of metals and key raw materials has become apparent in the second half of 2021 and is the current battery The biggest resistance to falling prices.
Traditional construction machinery manufacturers have obvious advantages in electrification
The market concentration of the construction machinery industry is relatively high, and the market concentration of my country's construction machinery shows an upward trend year by year. The CR3 and CR5 of my country's construction machinery manufacturing industry have reached 33.17% and 37.26% respectively.
In the top 50 global construction machinery manufacturers list in 2021, the 11 Chinese companies on the list are Xugong Group, Sany Heavy Industry, Zoomlion, Liugong Machinery, Railway Construction Heavy Industry Group, Longgong, Shanhe Intelligent, and Shantui. , Lovol Construction Machinery Group, Xiamen Engineering Machinery, North Shares. Among them, XCMG has entered the top three in the world, which is the first time that a Chinese brand has entered the top three. Sany Heavy Industry and Zoomlion ranked 4th and 5th in the world respectively. The 11 Chinese construction machinery manufacturers included in the list had sales of US$50.733 billion, an increase of 40.03% over the previous year; the proportion of sales rose to 26.48%. In terms of sales, China has replaced the United States, and its ranking has risen from the third in the world to the first in the world; at the same time, in terms of sales growth, China also ranks first among 13 countries.
Overall, China's construction machinery industry is divided into four major echelons. The market competition pattern of the domestic construction machinery industry is divided into four echelons. In the first echelon, large companies such as Sany Heavy Industry, Xugong Machinery, Zoomlion, and Liugong have formed a four giant situation. The company's revenue is more than 10 billion yuan. reach the international leading level. The second echelon is the potential force of my country's construction machinery industry, with a revenue scale of between 4 billion and 10 billion, with a certain popularity, and its products have a certain leading advantage in a certain segment.
Major players in the field of construction machinery include Caterpillar, Komatsu, XCMG, Sany, Zoomlion, etc. The data shows that the total market share of the top ten companies in the construction machinery industry will be 65.3% in 2021. Among them, Caterpillar ranks first with a market share of 13%, followed by Komatsu and Xugong Machinery, with a market share of 10.4% respectively. , 7.9%.
The market pattern of new energy construction machinery is expected to continue
The new energy construction machinery market has already shown a situation of competition, and the layout of new energy construction machinery products is emerging one after another. Traditional construction machinery OEMs have laid out the field of new energy construction machinery. Electric.
Leading construction machinery companies around the world have deeply deployed electrified equipment. While developing their own technologies, they are also conducting in-depth cooperation and development with "three power" companies, and continue to launch multiple types of electrified construction machinery products. Global construction machinery leaders such as Caterpillar, Volvo Construction Equipment, Sany Heavy Industry, Xugong Machinery, etc. have launched several electrified construction machinery products.
From 2022 to 2023, the sub-categories under specific application scenarios are expected to usher in the rapid growth of electrified products, and the electrification demand for mainstream construction machinery such as excavators is expected to grow rapidly between 2024 and 2025.
Sany Heavy Industry fully promotes the electrification of construction machinery products
Sany Heavy Industry has comprehensively promoted the electrification of main engine products and the development of related core technologies, and is committed to creating electrified products with high quality, low power consumption and high experience, fully starting electrification transformation, and leading the electrification trend of the industry. In 2021, the company's sales of electric mixers, electric dump trucks, and electric cranes will achieve a major breakthrough and become the annual sales champion. The sales volume of electrified engineering vehicle products exceeded 1,000 units, with sales of nearly 1 billion yuan, ranking first in the industry in terms of market share.
Yu Hongfu, president of Sany Heavy Industry, said that electrification is a major trend, so Sany Heavy Industry has invested a lot in electrification and intelligence. The scenarios of automobiles and construction machinery are different. In the specific scenarios of construction machinery, our intelligence goes faster than cars, and electrification and cars go hand in hand.
In 2021, Sany Heavy Industry will comprehensively promote the electrification of construction vehicles, excavation machinery, loading machinery, hoisting machinery and other products. In 2021, the company will complete the development of 34 electric products and launch 20 electric products, including 4 pure electric mixer trucks And 8 electrified engineering vehicles, including 4 pure electric dump trucks, and 4 electric excavators. The products cover 3 major technical routes of pure electricity, battery swap, and hydrogen fuel.
Zoomlion's overweight layout equipment electrification
Zoomlion continues to strengthen the integration and innovation of new technologies such as new digital, new energy, and new materials. High-end products continue to emerge, and market competitiveness continues to increase, forming a virtuous circle of technology implementation and product iteration. Zoomlion's new energy products have covered cranes, pump trucks, mixer trucks, aerial work platforms, emergency equipment, excavation machinery, mining machines, heavy-duty chassis, etc. . Zoomlion released high-end and innovative products such as the world's first all-terrain hybrid crane, the world's first pure electric truck crane, and the industry's first domestically produced carbon fiber boom pump truck.
In 2021, Zoomlion has released more than 50 new energy products, covering concrete pump trucks, concrete mixer trucks, truck cranes, aerial work platforms, excavators, mining trucks, forklifts, emergency vehicles, agricultural machinery, In the fields of heavy chassis and other fields, the power includes various combinations of pure electric power, hybrid power and hydrogen fuel, and a full range of new energy products has basically been formed.
Fu Ling, vice president and chief engineer of Zoomlion, said, "By 2025, the company will realize a full range of new energy products, reduce carbon emissions during product use by 25% compared with 2020, and reduce product energy consumption by 20% compared with 2020. Realize a 100% green chemical factory. During the 14th Five-Year Plan period, the proportion of electrified products will increase year by year.”
XCMG Machinery accelerates intelligent transformation
In recent years, XCMG Machinery has been going deeper and deeper on the road of digital transformation. Focusing on the strategic positioning of digitization, greening and internationalization, XCMG Machinery has compiled and improved XCMG's "14th Five-Year Plan" Digital Strategic Plan, and accelerated the company's digital transformation with XCMG's "Intelligent Manufacturing 4.0". Great achievements have been made in electric machinery. Electric forklifts, electric loaders, electric excavators, etc. have led the industry. In terms of green technology, XCMG's hydrogen fuel forklifts and electric loaders are in a leading position in the industry, and unmanned remote control loaders are in a leading position in the industry and internationally.
XCMG's pure electric loading machinery products can truly achieve zero carbon emissions. Compared with fuel-fired loaders, a single product can reduce carbon dioxide emissions by an average of about 150 tons per year, and the energy consumption cost is only about one-third of diesel loaders. , the comprehensive use cost is reduced by more than 200,000 per year.
Liugong releases new products with ultra-long battery life
Liugong proposed the electrification of construction machinery earlier, and has implemented it in actual operation. It continues to increase investment in intelligent, electrified, driverless and core technologies of parts and components. In the future, the focus of research and development will still be electrification and intelligence. digitization and digitization.
In 2014, an electrified product and research team was established. In 2019, it released medium-sized electric loaders and excavators for the first time in the industry. In 2021, it released unmanned loaders, excavators and road rollers. At present, a complete set of electric equipment construction solutions such as electric loaders, electric excavators, and electric mining trucks have been formed. In 2022, Liugong will launch a series of products for 9 sub-sectors including loaders, excavators, forklifts, skid steers, aerial work vehicles, mixer trucks, graders, road rollers, and wide-body vehicles.
Since its launch in 2021, Liugong electric loaders have been well received by the market, and the current domestic market share exceeds 70%. LiuGong's second-generation electric loader 856H-EMAX has a new upgrade in performance. It has super-long battery life, safety and efficiency, and a number of core technology patents. It is more energy-saving, comfortable and intelligent, and can adapt to a variety of extreme working conditions. High work intensity requirements. Compared with traditional fuel-powered loaders, Liugong's second-generation electric loaders are expected to save customers 1.25 million in operating costs within five years.
The sea of stars is just around the corner, and the electrification of the construction machinery industry has already arrived. The future can be said to coexist with opportunities and challenges. A healthy development of the industrial ecology must be the cooperation of longboards and longboards. In the building block cooperation of strong and strong alliances, it not only continuously optimizes its own longboards, but also forms stronger industrial influence and control through cooperation. At present, the construction machinery industry is also in a state of fierce competition, and many OEMs and agents have also become popular; the tragic price war has led to a sharp drop in the profitability of the entire industry.
Electric equipment is one of the important means for the construction machinery industry to achieve carbon peaks, and it can also be regarded as a differentiated industry product, which has attracted the layout and fierce competition of OEMs in the industry. It is hoped that enterprises can be rational from the beginning. One point, let the "price war" of the butcher knife be used on electric equipment a little later. Editor / Xu Shengpeng