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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Battery Electric Power Forecasts
Guy Youngs With the exception of 2022 (+7.6%), Battery Electric as a power source is expected to grow between 10% and 17% throughout the forecast period, while ICE growth rates start the period at -2.3% and then grow at less than 1% for 2023 to 2025.
Battery Electric is expected to grow from 12.8% of the market in 2022 to 21.2% by 2027, while during the same period ICEs are expected to decline from 85% of the market to 75%. PSR
Guy Youngs is Forecast & Adoption Lead Analyst at Power…
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Can EV Enthusiasm Trigger Global Growth?
Consumer adoption of EVs has gathered momentum this year, spurred by higher global oil prices. The Russia-Ukraine war has made EVs suddenly more appealing to many car buyers, accelerating adoption globally. The higher oil prices are driving EVs closer to cost parity with internal combustion engine (ICE) vehicles. In Bloomberg New Energy Finance’s most recent Electric Vehicles Outlook 2022 report, it projected EV sales to hit 20.6 million units by 2025.
On Tesla’s most recent earnings call, Elon Musk admitted, “We do not have a demand problem but a production problem.” Other car manufacturers such as Ford, for instance, says it can build its F150 Lightning and the Mustang Mach E fast enough to keep up with demand
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Cummins Jumps On New Energy Storage Iron Salt Formula
Cummins $24 million stake in the startup VoltStorage gives them a foot in the door with new iron redox flow technology. There is nothing wrong with lithium-ion energy storage but global demand for energy storage has nowhere to go but up, and so are lithium prices. While lithium is relatively abundant in the ground, but current supply is falling behind demand. At the same time, lithium extraction is messy and has significant environmental impact, causing local opposition to new mines and other facilities…
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EV Shipping Set To Blow IC Engines Out of the Water
ALTERNATIVE POWER REPORT
Researchers from the University of California, Berkeley, and Lawrence Berkeley National Laboratory have released a study which examines “the technical outlook, economic feasibility, and environmental impact of battery-electric containerships.” By modelling 5 to 10 GWh electrified containerships, they found that 40% of routes today could be electrified in an economically viable manner, before considering environmental costs.
Using only technology available for purchase today,…
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Outdoor Power Equipment To Grow 5.3%
Michael Aistrup Power Systems Research (PSR) projects the global outdoor power equipment market to grow from $34.01 billion in 2021 to $48.91 billion by 2028, a CAGR of 5.34% over the forecast period. The outdoor power equipment market includes consumer and commercial lawn mowers, chain saws, leaf blowers, and other motorized equipment used in the upkeep of lawn and gardens.
Global trends.North America is expected to dominate the market because of the growth of commercial and residential lawns and parks. The market in North America stood at $13.7 billion in 2021 and is expected to gain a huge portion of the global market share.
In Europe, continued automation in the lawn mower segment will increase demand for automated residential lawn mowers.
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Navistar Introduces S13 Engine Platform
Chris Fisher Navistar says it plans to introduce the Navistar 12.7 liter S13 engine platform in the fourth quarter of 2023. The S13 engine is based upon the Scania DC13 engine and will supersede the current 12.4 liter A26 engine platform starting next year. The initial engine installations will be standard on the LT and RH truck platforms and will be introduced to the HV and HX platforms in 2024. The order books are expected to open in October.
The S13 engine will be paired with the…
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Personal Watercraft Production Grows
Michael Aistrup Summary.Technological advancements in the PWC (Personal Watercraft) market have led to the introduction of quieter and cleaner PWCs. PWC manufacturers have also focused their designs on today’s consumer base–families–by continuing to manufacture more of three person models which offer state-of-art features and functions.
The PWCmarket will continue to grow over the forecast period based on an increase in leisure spending and increasing demand of PWC for utilization in sports.
Personal watercraft, also known as a jet ski, is a watercraft having a hull that is driven by an internal water jet pump engine. The PWC is designed in such a way that it does not hold water if it capsizes. PWCs are fast and have the ability to rapidly change direction. PWCs are controlled by a driver who either stands or sits on the watercraft. It is a popular choice for sports and recreational activities.
Initially, PWCs were equipped with a two-stroke engine, but with changing technology, PWCs are now powered with state-of-the-art four stroke engines.
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BorgWarner Buys EV Charging Company
Guy Youngs Global auto supplier, BorgWarner has announced it is buying EV charging company Rhombus Energy Solutions. The deal will boost its EV charging presence in North America while adding to its European market and will accelerate its charging business by leveraging its existing capabilities. This is the latest in a round of EV related acquisitions the company has made. In August 2021 it took control of AKASOL,(a German EV battery company) and in March 2022, BorgWarner acquired 100% of Santroll…
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Tesla Offers Lounges at Supercharger Stations
Tesla has linked up with bk World to provide its Supercharger stations to offer services to customers while their vehicles charge. Tesla has been trying to deploy its Supercharger stations at properties that include amenities that offer food, coffee, and restrooms, but that is not always easy. At a few locations, Tesla has deployed its own lounges to offer those amenities, including one test site in Germany which even has a swimming pool, and another has a restaurant.Source: Electrek…
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Australian Solar Park Could Generate Hydrogen for Less Than $2/kg
Frontier Energy conducted a pre-feasibility study (PFS) at its Bristol Springs Solar project in Australia to show that it has the potential to be a low-cost green hydrogen producer, with power sourced from the company’s planned first stage 114 MW DC solar farm. The solar would power a 36.6 MW alkaline electrolyser, producing an estimated 4.4m kilograms of green hydrogen per year.Source: PV Magazine Read The Article
PSR Analysis: With green hydrogen costs being around $3/kg to $6.5/kg, production of…
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