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Growing Innovations in Hybrid & Electric Container Handling Equipment

Growing Innovations in Hybrid & Electric Container Handling Equipment

The diesel based equipment segment is expected to hold the largest market share in 2017 due to the efficient power delivery, low fuel costs, and inadequate/insufficient electric infrastructure at small and medium terminals. Also, the stringent emission regulations for NOx, PM, and CO2 by the US EPA and European Union have prompted equipment manufacturers to offer fuel-efficient equipment with lower emissions. Hence, equipment manufacturers are focusing on the development and sale of electric and hybrid equipment.

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Rising Demand for Container Handling Equipment in Global market

Rising Demand for Container Handling Equipment in Global market

The ship-to-shore cranes segment is projected to hold the largest market share from 2017 to 2025. These cranes are used for loading and unloading containers from ships. According to a UNCTAD report published in 2016, the average container ship size increased by 132% over the past 7 years. Container loading and unloading from larger ships are fully dependent on the availability of these cranes. As per the Port Equipment Manufacturers’ Association (PEMA), the demand for these crane types mainly comes from medium and larger ports in countries such as China, Japan, Singapore, Australia, India, and Vietnam in Asia Pacific due to increased container traffic. All these factors are expected to boost the demand for ship-to-shore cranes.

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