The electric construction machine industry is experiencing significant growth, with a forecasted value of $126 billion by 2044. The adoption of electric excavators, loaders, cranes, and telehandlers is being driven by their potential to offer lower total costs of ownership (TCO) compared to diesel counterparts, as well as environmental benefits. Although upfront costs remain a challenge, the industry is expected to mature, reducing price premiums. Government policies play a crucial role in motivating short-term adoption, with incentives enhancing the economic viability of electric machines. Performance-wise, electric construction machines are increasingly matching the capabilities of diesel machines, boosting their acceptance in the market. The industry is witnessing the emergence of larger electric machines such as excavators and wheel loaders. These machines, with battery capacities in the range of 200-500 kWh, are key to decarbonizing the construction sector. Efforts in China, a leader in electrifying heavy-duty machines, are particularly notable. The report highlights trends in machine performance, battery technology, pricing, and more, pointing towards a positive trajectory for the electric construction machine industry.