Power Systems Research (PSR) is an international research company based in St. Paul, Minnesota, USA. It operates a second North America office in Detroit, Mich., and has offices in five other countries. PSR analysts have been collecting and analyzing global engine and powertrain data and information since 1976, and we use this data to develop targeted forecasts by industry segment and region.
Our team of experienced analysts works with OEMs, engine and component manufacturers, dealers, fleet managers and industry experts to compile detailed and focused data that has become an industry standard. It’s the leading source of global information on engines and power equipment powered by IC and alternate sources. Whether you need detailed global data, forecasts or customized local market studies, we can provide you with Data, Forecasting and Solutions. Let’s start today.
The global lawn and Garden Equipment Market, which includes commercial and residential equipment, is projected by Power Systems Research to reach sales of $46.16 billion by 2030. This is a projected increase of $15.96 billion dollars from 2023 to 2030, an increase of 52.8%.
The global impact of COVID-19 is stating to wane and the market is returning to a normal growth rate. Individual homeowners are still interested in lawn and garden care, just not as much as during COVID-19. More people are returning to recreational activities.
PARIS—The 2024 edition of INTERMAT, the International Exhibition for Construction and Infrastructure, is coming up soon. The four-day show will be held at the Paris Nord Villepinte Exhibition Center 30 minutes from Paris April 24-27, and Power Systems Research will be there.
INTERMAT is a leading trade show that brings together close to 1,000 industry exhibitors from the construction and infrastructure sectors worldwide. It showcases the latest equipment, materials, innovations, and technologies in the global construction industry.
PSR team members will attend INTERMAT to gather information from exhibitors and attendees on the newest products and industry trends.
If you would like to meet with us at the show, please contact us to schedule a meeting.
As battery technology increases, the opportunities for battery-powered equipment continue to grow, especially in the Lawn & Garden and recreational products segments. The factors of reduced weight, increased charging capacity and lower cost are making battery-powered equipment more attractive to consumers and commercial users in these segments.
Lawn & Garden. The capacity of lithium-ion battery technology to meet the horsepower needs of the homeowner and the commercial landscaper has grown significantly in the last couple of years. Battery-powered lawn and garden equipment can now match the power of traditional gas-powered lawn and garden equipment. Some brands now have available 56V which is more than double what was the standard power available. Batteries now charge quicker, last longer, and can hold a charge indefinitely.
Van Hool has announced its exit from the City Bus business and focus on Hydrogen fuel cell coaches which appears to have been a serious miscalculation. As the market transitions away from internal combustion engine buses toward battery electric buses, Van Hool has been left behind.
Van Hool recently lost a bid for 300 electric city buses to BYD which assembles their buses in Hungary at a lower cost than Van Hool could manufacture these in Belgium. It was reported that the BYD bid was approximately 20% less than the Van Hool bid. This along with other issues will result in Van Hool ending most if not all of their bus and coach operations in Belgium and transfer the bus and coach making activities to their assembly plant in Macedonia.
However, Van Hool will need a significant cash infusion in a short period of time to cover the cost of their existing debt and the coming redundancy payments in order to stave off insolvency.
After months of investigation, the European Commission says it has found evidence that China has been “unfairly” subsidizing the EVs it exports to Europe. Possible “remedies” on the table include retroactive tariffs on Chinese EVs.
PSR Analysis: This article was mentioned in previous issues of the Alternative Power Report and now that the EU has found its evidence, we can expect tariffs to be raised, especially as the European car market continues to flounder. PSR
Guy Youngs is Forecast & Adoption Leadat Power Systems Research
The technology involved in using H2 as an energy source can be costly for several reasons. Their use is considered to have zero-carbon operations but only when green H2 is used, meaning that it is produced using processes powered by renewable energy such as wind and solar. That said, the most common production method currently used involves burning natural gas, a fossil fuel.
Lithium-air batteries seemed destined for the dustbin of automotive history just a few years ago. But the US Department of Energy has tapped four different Li-air projects in a new round of funding aimed at developing new batteries powerful enough to move full-sized airplanes, locomotives, and seagoing vessels.
Like it did with passenger EV rebates in December, Germany has decided to pull the plug on subsidy programs for electric semi-trucks and city buses. What happens to the nation’s commercial EV market now?
When the German government established the funding program for climate-friendly commercial trucks in 2021, the subsidies were seen as a highly effective tool to drive up demand for electric vehicles in the medium- and heavy-duty truck markets.
Regulations on EVs and developments in hydrogen power cells and battery technology are highlighted in articles in the March issue of Alternative Power Report produced by Power Systems Research. Read about Germany dropping subsidies for some electric trucks and buses and about the EU considering tariffs on Chinese EVs. PSR
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