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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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Global Powersports Market Forecast To Exceed $35 Billion in 2025

Michael Aistrup According to Power Systems Research intelligence, the global powersports market size was valued at $31.41 billion in 2023, and is projected to reach $53.64 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032.
Power Systems Research is a Minnesota-based research firm that has been tracking global production of power equipment since 1976.
The recreational powersports segment represents activities ranging from off-roading, motocross, and all-terrain and side-by-side vehicle riding to on-road motorcycling and enjoying water equipment such as pontoon boats and jet skis.
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Alternative Power Report, February 2024
The February issue of the Alternative Power Report produced by Power Systems Research contains articles on China battery production and Chinese EV market share gains in Thailand. There’s also news about CATL’s wind power project and several articles about EV heavy truck development.
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GM, Komatsu Plan Hydrogen Fuel Cells for EV Mining Truck
ALTERNATIVE POWER REPORT

Guy Youngs General Motors and mining and construction equipment giant Komatsu plan to jointly design and validate the hydrogen fuel cell technology for the 930E electric drive mining truck. GM has been conducting hydrogen fuel cell research and product development for more than 50 years and has developed platforms for both lithium-ion batteries and hydrogen fuel cells.
Mining trucks typically operate at a single mine throughout their life, a situation that simplifies the challenge of rolling out hydrogen refueling stations. GM and Komatsu plan to test the prototype HYDROTEC-powered mining vehicle in the mid-2020s at Komatsu’s Arizona Proving Grounds research and development facility. The prototype mining truck will be powered by more than 2 megawatts of HYDROTEC power cubes.
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Drivers of Heavy, Dirty Cars Pay Stiff Penalty Tax in France
As of Jan. 1, 2024, the French government has revised its “malus écologique”, a one-time penalty tax for registering bulky, CO2-emitting cars, to include many more ICE vehicles, even some of the most popular budget models.
Drivers of cars emitting 118 g/km of CO2 pay €50 (about $55), and this increases rapidly with higher CO2 emissions, with a maximum ceiling for vehicles reaching €60,000 ($65,590). Vehicles weighing 1,600 kg/1.6 tons or more will have to pay between €10 and €30 per additional kilo.
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Survey: EV Range Anxiety Slips in Importance
Euromonitor International has released the results of its Electric Vehicle Readiness Index for 2023 survey, which evaluates the most prepared countries which can support widespread EV adoption.
Norway, Switzerland and Sweden ranked at the top of the index, due to EV market maturity and consumer buying power. Brazil, South Africa and India were ranked at the bottom, owing to limited government incentives, low incomes and the undersupply of public charging stations
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Consumers, Professionals Boost Lawn & Garden Spending
NORTH AMERICA REPORT

Michael Aistrup Lawn and garden equipment manufacturers make powered lawn and garden equipment, primarily for household and business maintenance of lawns and gardens. Equipment manufactured by this industry includes lawn tractors, riding and standing mowers, hedge trimmers, leaf blowers, woodchippers and other machinery for maintaining lawns and gardens.
Industry Trends. Increased per household spending on lawn care and gardening services by the American family, younger individuals purchasing residential property, easing of COVID-19 restrictions and other factors like lawns adding to the aesthetic appeal of the residential property, is anticipated to bolster the DIY and commercial lawn care market.
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Silicon Powder Yields 10X Battery Improvements

Guy Youngs Sila’s Titan Silicon anode powder consists of tiny particles of nano-structured silicon that replaces graphite in traditional lithium ion batteries. Compared to graphite, silicon stores up to 10 times more energy, so using it instead of graphite for anodes — which release electrons when a battery discharges — can significantly improve a battery’s energy density.
However, the material swells during repeated charging, with the resulting cracks radically reducing battery life. The Sila technology…
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Chinese Face More Restrictions on EV Exports
Inside China a state subsidy is the norm, but outside of China the position is very different. The level of involvement by the central government feels a lot like a subsidy, one that undercuts local manufacturers. The problem is especially acute when it comes to electric car production.
Many of China’s car companies are looking more and more to export markets to absorb some of their production. But for some countries, the electric car onslaught coming from China is seen as a threat to local companies and their workers. The EV revolution was never intended to displace domestic industries and workers but that seems to be happening.
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Dieselgate 2.0: 600K Ram Trucks Recalled
Engine maker Cummins is recalling 600,000 Ram trucks as part of a huge US$2 billion settlement with federal and California authorities for using illegal software to cheat results of diesel emissions tests.
Power Systems Research – Headquarters
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Eagan, MN 55121
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Tel: +1.651.905.8400
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Lynn Olthof Vice President of Business Development
Lynn has over 30 years of sales and sales management experience. Currently at Power Systems Research, Lynn has direct responsibility for Business Development across 13 key industries including Construction, Agriculture, Commercial Vehicles, Recreational Products, Lawn and Garden and Marine. Overseeing the Global Account Management team, focused on driving revenue and growth by providing production, forecast and population data for IC engines, electric and hybrid powertrains to OEMs and suppliers across the world.
Prior to joining PSR, Lynn was the Director of Sales at Wards Automotive, a division of Informa and an Account Executive at IHS Markit (S&P Global). Additionally, Lynn spent over 20 years in various Sales and Management positions with the Hertz Corporation.
Lynn graduated from Northern Michigan University with a Bachelor of Science degree in Marketing. In her free time Lynn enjoys golfing, snow skiing, paddle boarding and spending time with family and friends.
Power Systems Research – Detroit
Tel: +1.248.444.0545
Tel: +1.651.905.8400
infode@powersys.com
Jack Prince Business Development Manager
Jack Prince brings over 25 years of business development and commercialization experience to the global automotive and mobility industries. He uses research and data to help clients identify market opportunities and improve business efficiency while enhancing product performance. Jack has advised emerging ventures on market discovery, product strategy, and investor engagement. His experience includes supporting global ventures in electromechanical systems, radar and sensor technologies, structural plastics, SaaS platforms, and vehicle access solutions. Jack holds a Bachelor of Science in Business Administration and is currently completing an Executive MBA at Michigan State University.
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