June 21, 2022 15:11 ET | Source: Arizton Advisory and Intelligence Arizton Advisory and Intelligence
Chicago, June 21, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, the South Korea construction equipment market is expected to grow at a CAGR of 4.13% during 2022-2027. South Korea intends to achieve Net Zero-emission by 2050, hence industrial companies have started to invest in Green Hydrogen Projects. Green hydrogen fuel-based construction equipment is being developed by construction equipment manufacturers such as Hyundai, Liebherr, and Caterpillar. In January 2022, Hyosung Group announced to invest of ~835 million in green hydrogen projects and Caterpillar has announced to offer 100% green hydrogen fuel-based construction equipment.
South Korea Construction Equipment Market Report Scope
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