With the lingering global recession threat and war in Ukraine driving up energy prices across Europe, there were concerns that the triennial Bauma equipment trade show would be a muted affair this year. But more than 495,000 visitors turned out for the world’s largest equipment event—held in Munich, Germany, Oct. 24 to 30—not only to see the latest machines, but also to take stock of how steady electrification of the construction fleet is changing the industry.