The Global Top 50 Construction Machinery Summit was held, Pangu Intelligence won the double award
Recently, the most influential event in the global engineering machinery industry -Global Top 50 Construction Machinery SummitThe grand held in Shanghai, China. The summit brought together world's top engineering machinery manufacturers, supply chain companies and industry experts to discuss industry development trends and technological innovations. It is worth mentioning thatPangu IntelligenceWith its outstanding technical strength and market performance, it won one stone"Technical Innovation Award of the Year"and"Global Market Development Award"The double awards have become one of the biggest highlights of this summit.
The following are some of the core data and information of the winning companies at this summit:
| Award name | Award-winning companies | Reason for winning |
|---|---|---|
| Technological Innovation Award of the Year | Pangu Intelligence | Independently developed intelligent hydraulic systems break through the technical bottleneck of the industry |
| Global Market Development Award | Pangu Intelligence | Overseas market share increased by 120% year-on-year |
| Best Supplier of the Year | Caterpillar | Supply chain efficiency and stability are outstanding |
| Green Manufacturing Pioneer Award | Komatsu Group | Carbon neutral factory coverage rate reaches 100% |
According to the summit"2023 Global Engineering Machinery Industry Report"It shows that despite the global economic fluctuations, the construction machinery industry still maintains steady growth. The following is a comparison of key industry indicators in the past three years:
| years | Global market size (USD 100 million) | Asian market share | Penetration rate of electrified products |
|---|---|---|---|
| 2021 | 1,250 | 42% | 18% |
| 2022 | 1,380 | 47% | 25% |
| 2023 (Forecast) | 1,450 | 51% | 32% |
Chairman of Pangu IntelligentZhang YiIn his speech on the award, he said: "The double prize is to insist on Pangu Intelligence‘Technology-driven, global layout’Fully affirmation of the strategy. Our intelligent hydraulic system has been successfully applied to mines, ports and other scenarios in more than 30 countries. In the future, we will continue to increase R&D investment and promote the intelligent upgrade of the industry. ”
It was also released during the summitTop 50 Global Construction Machinery Manufacturers in 2023, Chinese companies performed well:
| Ranking | Company Name | Country | Revenue (US$ 100 million) |
|---|---|---|---|
| 1 | Caterpillar | USA | 592 |
| 3 | Sany Heavy Industry | China | 381 |
| 5 | XCMG Group | China | 298 |
| 12 | Pangu Intelligence | China | 105 |
Industry experts point out thatElectromotion, intelligence, automationThe trend is accelerating, and the construction machinery industry is undergoing profound changes. This summit specially set up special forums such as "New Energy Engineering Machinery" and "Unmanned Construction", and the participating companies shared the latest technological achievements. Pangu Intelligent ExhibitionThe fifth generation intelligent control systemThe efficiency of collaborative operation of equipment groups can be improved by 40%, which has attracted widespread attention.
In addition, the summit also revealed the industry's technological development direction in the next three years:
| Technical field | R&D investment proportion forecast | Main application scenarios |
|---|---|---|
| Hydrogen power | 25% | Large-scale mining equipment |
| Digital twins | 30% | Remote operation and maintenance system |
| Autonomous driving | 20% | Port logistics equipment |
| Lightweight material | 15% | Aerial work platform |
The summit lasted for three days, held a total of 18 keynote speeches and 5 roundtable discussions, attracting more than 2,000 participants from 42 countries. The organizer said that the Global Top 50 Construction Machinery Summit has become an important platform to promote the innovation and development of the industry, and the next session will be held in Munich, Germany next year.
Pangu Intelligence’s award marks a transformation from a “follower” to a “leader” in the field of high-end engineering machinery, and its innovative model provides an important reference for the transformation and upgrading of the industry. Analysts predict that with the deepening of regional cooperation such as RCEP, Asian engineering machinery companies will gain greater room for development in the global market.
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