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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What Is the Future of Alternative Power?
Guy Youngs Making the switch from diesel powered machines to a low carbon option is not as simple as some would argue. Switching to electric has drawbacks such as their modest power density, which currently holds back their ability to power heavy equipment for a full working day. Cost is another important consideration.
So, what about HVO (Hydrotreated Vegetable Oil)? HVO, which is of particular interest to many equipment manufacturers, is obtained from cooking oil waste, grease and fat residues, waste fats and vegetable oil. The manufacture and use of HVO is nearly climate-neutral when only renewable energy sources are used in the production process. The problem with this fuel is its availability.
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Offshore Hydrogen Could Be 10x Cost Of LNG
European energy policy makers apparently are taking a DNV report on offshore hydrogen manufacturing seriously. But this doesn’t stand up to scrutiny, in either its assumptions or its conclusions, according to this article.
DNV is an international classification organization that sets standards for ships and offshore structures, according to Wikipedia.
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BYD Establishes JV To Produce Sodium-Ion EV Batteries
Guy Youngs Chinese automotive conglomerate BYD is establishing a joint venture with Huaihai Holding Group to establish themselves as the world’s largest supplier of sodium-ion batteries for small EVs. Previously, we’ve seen CATL (BYD’s main competitor), announce plans to produce sodium-ion cells.
Sodium-ion batteries deliver a lower energy density than traditional lithium-ion cells but cost notably less to produce. Their main component (sodium) is also safer and more abundant than lithium. The chemistry is ideal for smaller EVs that generally deliver less range and have less demand on a daily mobility basis.
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CARB Is Phasing Out Heavy Trucks
NORTH AMERICA REPORT
Chris Fisher In April, the California Air Resources Board (CARB) voted unanimously to finalize its Advanced Clean Fleets rule that requires all new medium- and heavy-duty vehicles sold or registered in the state of California to be zero-emission by 2036.
Among these requirements is a new 2036 target for an end to diesel truck sales. This was lowered from an early 2040 target, with the thought that 2040 would be too late to reach California Governor Gavin Newsom’s goal for 100% zero-emission medium- and heavy-duty vehicles by 2045.
The 2036 target is only one year after the 2035 target for passenger cars. Also in the rule, state and local agencies must purchase 50% ZEV by 2024, and 100% ZEV by 2027.
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Global Electric Scooter Market Could Reach $56B in 2033
GLOBAL REPORT
Michael Aistrup The global electric scooter market is growing at a rate that will enable it to surpass $56 billion by the end of 2033, according to a forecast by. Power Systems Research. The forecast predicts a projected growth rate of 9.72% by 2033.
This high growth rate is attributed to the rising demand for electric vehicles because of the increasing worldwide population.
An Electric Vehicle (EV) is a vehicle that runs on electricity/battery power. Electric vehicles have low running costs due to fewer moving parts and are environmentally friendly as they use little or no fossil fuels. Some EVs use lead-acid or nickel-metal hydride batteries, but lithium-ion batteries are now used in battery-powered electric vehicles for their long life, excellent energy storage, and low self-discharge rate.
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EVs and The H2 Battle To Be Included in the Family
This article looks at the nomenclature of Electric Vehicle and Zero Emissions vehicles and discusses ways the electricity used is generated. It then discusses the basics of Fuel Cell Vehicles and then compares them to EVs
Source: Hydrogen Fuel News: Read The Article
PSR Analysis: This is a fairly basic article but it’s a good reminder of the terms and basics. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
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Japan’s Emphasis on Hydrogen Power Is Questionable
Japan continues its efforts to make hydrogen a carrier of energy at all levels of society even though the results are not productive. Japan’s focus on hydrogen for transportation, imported hydrogen and derivatives for electrical generation, and hydrogen for home heating and cooking is proving economically destructive.
Japan, and especially, Toyota, has been pushing hydrogen for years. Toyota began exploring hydrogen for vehicles in 1992, at the same time it was exploring electric vehicles. It delivered the first EV cars in 1993.
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EPA Introduces Phase Three GHG Emission Standards
NORTH AMERICA REPORT
Chris Fisher In early May, the Environmental Protection Agency (EPA) held a virtual public hearing regarding the Phase 3 greenhouse gas emission standards for heavy duty trucks. There are various comments and opinions from the stakeholders that attended the hearing. Along with introducing the Phase 3 Greenhouse Gas (GHG) rules to begin for MY 2028 trucks, the EPA also revised the Phase 2 GHG standards for the MY 2027 truck standards.
This link from CCJ (Commercial Carrier Journal) is a good overview of the conference.
CCJ: ‘Destined to fail’: Trucking sounds off to EPA on new Phase 3 greenhouse-gas regs
The Environmental Protection Agency this week held virtual public hearings related to its Phase 3 greenhouse gas emissions standards for heavy-duty trucks, unveiled last month. Among the dozens who testified during the hearings, trucking industry stakeholders were part of a small minority advocating for EPA to take a step back and reconsider the proposed standards that would take effect beginning with model-year 2027 trucks.
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2032 Marine Inboard Market Forecast: $4.45B
GLOBAL REPORT
Michael Aistrup The global marine inboard engines market is expected to grow from $2.75 billion in 2022 to $4.45 billion by 2032 at a CAGR of 5.1%, according to forecasts by Power Systems Research.
A marine inboard engine is a reciprocating engine mounted within a boat’s hull. It is a four-stroke engine that has been modified for maritime usage. The engine spins a drive shaft that passes through the hull and is connected to a propeller. While outboard engines must be periodically serviced to ensure they remain watertight, inboard engines typically do not require much maintenance. Additionally, inboard engines tend to be more fuel-efficient than outboards.
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