Major Forklift Producer Embracing Hydrogen Power for Green Future
Key Ideas
- A major forklift producer is transitioning its forklift fleet to hydrogen power by building a 2km-long hydrogen pipeline feeding six filling stations at its manufacturing plant.
- Technological advances in the materials handling industry are driven by cost-savings, efficiency, environmental legislation, and consumer demand for eco-friendly fuel sources.
- The global electric forklift market is forecasted to grow at a rate exceeding 10% annually for the next decade.
The materials handling industry is experiencing rapid technological advances, particularly in the realm of eco-friendly fuel sources. A major forklift producer is making strides towards a greener future by transitioning its forklift fleet to hydrogen power. This transition involves the construction of a 2km-long hydrogen pipeline that will supply six filling stations at the manufacturing plant. These efforts align with the industry's pursuit of cost-savings, enhanced efficiency, compliance with environmental legislation, and meeting consumer preferences for sustainable practices. The global electric forklift market is poised for substantial growth, with a forecast predicting an annual increase of over 10% for the coming decade.
Topics
Asia
Technology
Innovation
Sustainability
Electric Vehicles
Manufacturing
Environment
Industry
Market Growth
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