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.
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High Energy Density, Cobalt-Free Lithium-Ion Battery Developed
ALTERNATIVE POWER REPORT
Guy Youngs Today’s electric vehicles are predominantly powered by nickel-manganese-cobalt (NMC) lithium-ion batteries. However, the inclusion of cobalt in this type of batteries has been considered problematic due to its anticipated scarcity as well as the associated supply chain risks related to its single source, human rights and mining practices.
Japanese scientists have developed a high energy density, cobalt-free lithium-ion battery that yields about 60% greater energy density than conventional lithium-ion batteries for an equivalent weight and volume and sustains unprecedented 1,000 cycles.
Source: PV Magazine: Read The Article
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Electrify Where It Makes Sense
NORTH AMERICA REPORT
Chris Fisher Energy and the environment are the issues that will redefine the trucking industry over the next decade. That’s what Chris Spear, president and CEO of the American Trucking Associations, told a room full of industry experts in November at the annual Cummins-Meritor and Pressure Systems International fleet technology event held in San Antonio, Texas.
But he said the timeline the industry has placed on the adoption of battery electric vehicles (BEV) and to achieve zero emissions are “completely unachievable.”
“It takes time. We’re not going to get there starting in 2030. We’re not going to meet that by 2035. It ain’t gonna happen,” Spear said, “and when it fails, it’s not only going to be embarrassing, it’s going to cost a lot of people their jobs. To me, that’s just unacceptable.”
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Outdoor Recreation Adds $1Trillion to U.S. Economy
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) recently released economic data from the Outdoor Recreation Satellite Account for the year 2022, showing the largest economic impact in its history and outdoor recreation’s economic impact on the U.S. economy.
These new figures reveal that outdoor recreation generates $1.1 trillion in economic output (2.2% of GDP), 4.98 million jobs and comprises 3.2% of U.S. employees.
From 2021 to 2022 the GDP contribution from outdoor recreation increased by 4.8% and employment increased by 7.4%, according to the report.
Outdoor recreation remains a significant sector of the U.S. economy. A wide range of activities—from hiking, boating, and hunting to golf and tennis—result in outdoor recreation jobs in a wide variety of industries
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China Discovers Unique Battery Material
Guy Youngs A newly discovered ore containing vast quantities of an element widely used in semiconductors has been found in China. The discovery could propel new advances in battery technology.
Geologists have found the rare earth metal niobium inside the new ore named niobobaotite from north China’s Inner Mongolia. The rare earth metal is widely used in alloys for jet engines and rockets and has also been shown to have exceptional current conducting properties in low temperatures.
Researchers have said batteries made from niobium have several advantages over traditional lithium-ion batteries. The Brazilian Metallurgy and Mining Company (CBMM) has been working on new projects towards the use of niobium to make advanced lithium-ion batteries.
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White Hydrogen Could Reduce Decarbonization
Early this summer, scientists in northern France discovered what has the potential to be a huge white hydrogen deposit, (white hydrogen is naturally occurring H2). Not all forms of the hydrogen are equally clean, and this depends on how hydrogen is produced. Brown, black and grey H2, for instance, are all produced using processes with fossil fuels, such as coal or natural gas and are therefore not environmentally friendly.
Depending on how this H2 is extracted, it could prove to be one of the cheapest and cleanest forms of hydrogen. The natural H2 deposit was found in July 2023 by Philippe de Donato and Jacques Pironon, scientists at the Université de Lorraine.
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Outboard Marine Engine Market Hits $5.5 Billion
GLOBAL REPORT
The global Outboard Marine Engine Market size is estimated at $5.54 billion in 2023, and is expected to reach $8.99 billion by 2035, growing at a CAGR of 4.1% during the forecast period, according to research by Power Systems Research.
The COVID-19 outbreak significantly impacted the boat manufacturing industry and caused a decline in recreational activities worldwide, which hurt outboard motor sales. However, in 2021, the market regained momentum due to the easing of restrictions. The market is expected to register healthy growth in the coming years.
There are generally three types of boat drives including inboard, outboard, and sterndrive. One obvious distinction among them is their placement of motor in the boat.
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Transitioning from ICE Buses to Zero-Emission Engines
NORTH AMERICA REPORT
Chris Fisher During the past few months, we have seen significant changes in the bus market in Europe and North America as operations convert from internal combustion engines to zero-emission buses.
In Europe, Scania and Volvo are moving from building complete buses to a chassis only build. The high cost of zero-emission buses and a competitive market are primary reasons for this. The expected growth of zero-emission buses is forcing the OEMs to better streamline operations, and we expect to see other large OEMs transition down this path.
Source: AMS
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