Page 54 - CO_Feb_2023

CONSTRUCTION EQUIPMENT

Construction Equipment and propels India’s growth on the global that enables the control and monitoring of vehicles using a
platform of technological advancements. remote operator. The technology is utilized to make service cycle
ACE F150-ev 4X4 is a zero-emission machine with a lifting capacity schedules for vehicles and helps in limiting vehicle downtime and
of 15 tons, and the crane delivers the best possible combination of breakdowns. IoT platforms are being increasingly implemented by
green credentials, customer benefits, and efficiency. ACE F150-ev the automotive industry to transform vehicles into an ecosystem
4X4 has been specifically designed to suit both road travel and hub of connected devices. The setup offers advantages such
pick-n-carry use. As part of the initiative to introduce sustainable as real-time vehicle component monitoring, improved safety,
technologies, the electric crane has been specially designed to and a user-friendly experience. These services are monitored by
deliver optimum power and productivity while maintaining the built-in OBD systems which analyse, track, and resolve the faults or
versatility of the equipment for Indian conditions. With 4-wheel problems associated with vehicle components, thus expanding
drive and required traction, this Electric Crane is suitable for market size.
rough terrain operations and is equipped with unparalleled
safety features with best-in- class durability and stability. Komatsu On a RECOVERY MODE…
launched HB365LC-1 Hybrid Excavator which is at least 20% more The year 2022 has seen a mixed bag of results for the construction
energy efficient and helps reduce carbon emission compared to equipment and off-road industry. As per some early estimates
conventional equipment. while the growth was comparatively slow in the first half, the last
quarter of the calendar year saw a robust growth. It is estimated
Onboard Diagnostics last year, more than 90,000 vehicles were sold across the country.
Another milestone on the technology front is onboard diagnostics “I think the last quarter, which is the October to December period,
and repair, which can be a game-changer for the construction was the best quarter where we saw a very good recovery in the
equipment industry. The biggest setbacks when construction market particularly driven by road construction activity picking
equipment fails or malfunctions come in the form of the time it up finally with the range updating and a lot of customers starting
takes for the service personnel to reach the spot and find the fault to discuss concluding big deals. The growth momentum seen in
to repair the same. What’s got added to this overall cost is that Q4 CY2022 is expected to continue in Q1 CY2023 till the end of
the operator might have to rent a replacement machine until the this year. The confidence is on the back of the large domestic
original one comes back. demand for construction equipment, mainly driven by both
Equipping construction equipment with onboard diagnostics can government’s push towards infrastructure creation, metro projects
help operators diagnose and, in many cases, repair the same as well as private construction. Then there is the new emission
onsite. This is because the fault is often tiny, but the operator’s lack norm – BS (CEV/Trem) V standards, which will come into effect on
of knowledge forces the end consumer to send the machine to April 1, 2024. It will cover a wider range of engines, including those
the repair shop. The costs involved also include transportation of smaller than 8 kW and those larger than 560 kW, and introduce
the vehicle or the repair expert being flown to the site. PN (particular number) limits for those engines with rated power
The global On-board Diagnostics (OBD) Aftermarket market was between 19 and 560 kW. Furthermore, in addition to accelerating
valued at US$1.4 billion in 2021 and it is anticipated to grow up to pre-buying for customers, it will also help improve exports,” stated
US$14.8 billion by 2031, at a CAGR of 26.6% during the forecast Dimitrov Krishnan, Head, Volvo Construction Equipment (India) on
period. Increasing focus of regulatory bodies on implementing the sidelines of a press conference.
stringent emissions control standards to curb pollutants from Sales of construction equipment – a barometer of economic
the environment in a growing automotive industry landscape activity – are set to touch the pre-pandemic peak this financial
is a major driver for on-board diagnostics aftermarket growth. year on the back of robust demand spurred by increased
Widespread adoption of remote vehicle diagnostic systems government spending on infrastructure projects. Around 100,000
using data-based technology owing to the growing complexity construction equipment are expected to be sold in the local
of vehicle systems is a prominent driver for business expansion. market by the close of 2022-23, an increase of 22-25% over the
The remote diagnostic technology delivers a safety mechanism previous year, according to industry estimates. The momentum is

54 CONSTRUCTION OPPORTUNITIES|FEBRUARY 2023