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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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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BMW Focuses on Hydrogen Fuel-cell EVs
BMW remains primarily focused on electrified combustion engines and battery electric cars, but it is adamant that hydrogen FCEVs (Fuel Cell Electric Vehicles) will play a part of its transportation package. A limited batch of hydrogen-fueled BMW X5s soon will enter production, and the company says it is already planning for the next model with FCEVs making their way into its 2025 next-generation electric vehicle portfolioSource: H2 Energy News Read The Article
PSR Analysis: This moves BMW into the…
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DATAPOINT: North America/Global Personal Watercraft. 2022 Production: 90,350 Units
90,350 units is the estimate by Power Systems Research of the number of Personal Watercraft to be produced in North America during 2022. A PWC is a small pleasure craft that uses an inboard jet drive as its primary source of propulsion and is designed to be operated by a person or persons sitting, standing, or kneeling on the PWC rather than inside the pleasure craft. PWC Sit-Downs 3 People is defined as a type of vessel which is specifically designed to haul multiple passengers sitting on the vessel; commonly referred to as jet skis.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
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North America Economy Faces Multiple Problems
Jim Downey SUMMARY. The United States economy is facing several serious problems that don’t have simple solutions and are not likely to be solved for several years, reaching out to the presidential elections in 2024.
Take your pick of problems: Inflation. Stock Market. Climate Changes. Interest Rates. Housing Prices. Gasoline Prices. Food Prices. Social Unrest. Political Conflicts. Worker shortages. Supply Chain Shortages. Russia-Ukraine Conflict.
The bottom line here is that consumers, investors, businesses, and governments are uncertain about what the future holds for the next several years, and this uncertainty makes it difficult to build multiple-year action plans, whether it’s for purchases, manufacturing, marketing, or investing.
Uncertainty makes people nervous, and Uncertainty is the name of the game in the U.S. for the foreseeable future.
However, we’re still optimistic about the U.S. economy and we see 2022 production growing by 11.6% but that activity is likely to fall to 2.7% next year and drop again to 1.5% in 2024.
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UTV & ATV Market Dynamics
NORTH AMERICA REPORT
Michael Aistrup Market Overview. The global UTV/ATV market size was US$ 8.66 billion in 2021, with a compound annual growth rate (CAGR) of 6.13%. PSR forecasts the global market to grow to US$ 11.67 billion by 2026
The North American UTV/ATV market was valued at US$ 6.66 billion in 2021, and it is expected to reach US$ 8.50 billion in 2026, registering a CAGR of about 5.00% during the forecast period (2022 – 2026).
Applications. UTVs/ATVs were originally associated with sports and recreational activities. Application of these vehicles has diversified, and they are now being used in the agricultural sector and for patrolling, hunting, gardening, and other activities.
A recent application is the United States Army. The military has shown interest in acquiring UTVs/ATVs with features such as rapid transportation, the ability to carry nine fully armed soldiers, agility, and a minimum of 55 mph.
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DATAPOINT. North American Pavers, 2022 Estimated Production: 2,900 Units
NORTH AMERICAN REPORT
2,900 units is the estimate by Power Systems Research of the number of Pavers to be produced in the U.S. and Canada during 2022.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Exports: Collectively, up to 40% worldwide.
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Market Intelligence: A Review of E-Motorcycle OEMs
NORTH AMERICAN REPORT
Michael Aistrup The global e-motorcycle market is changing almost daily as market share leaders develop new products and new companies continue to enter the market with competitive products. Here’s an update on several leading e-motorcycle OEMs.
Tork Motors has launched the Kratos electric motorcycle in the Indian market. The new Tork Kratos will be sold in two variants – Standard and R and will be available across India in a phased manner. In the first phase, this e-motorcycle will be available in Pune, Hyderabad, Bangalore, Chennai, Ahmedabad, and Delhi. The electric motor on the base model makes a peak power output of 7.5kW or 10.05bhp and a maximum torque of 28Nm. Tork has a manufacturing capacity to make about 500 units a month at its pilot plant and about 4,000 units a month at its new plant at Chakan near Pune.
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E-Motorcycles Market Update
NORTH AMERICAN REPORT
Michael Aistrup The global e-motorcycle market has experienced high growth in the last couple of years, fueled in part by the declining price of Lithium-ion batteries. The battery is one of the most expensive components of an e-motorcycle, and changes in the price of Li-ion batteries affect the entire cost of an e-motorcycle. The cost of Li-ion batteries has been steadily declining, and this trend is likely to continue.
Power Systems Research has forecasted the global CAGR…
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Cummins Develops Hydrogen-Powered Engines
NORTH AMERICAN REPORT
Chris Fisher Cummins, Inc., is working to develop hydrogen-powered engines, using approaches for Hydrogen combustion engines and hydrogen fuel cells.
Both hydrogen engines and hydrogen fuel cells are better suited for long haul and many regional-haul truck applications than pure battery electric vehicles.
In North America, Cummins plans to introduce hydrogen internal combustion engines across their existing engine platforms starting in 2024.
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Power Systems Research Expands Forecast Capabilities and Focus on Technology Adoption 
Guy Youngs Joins PSR Team
Guy Youngs Power Systems Research (PSR), a leading source of global production and forecast information for powered equipment, has expanded its capabilities with the addition of Guy Youngs, an experienced market intelligence specialist.
Youngs, who has more than 30 years’ experience as an industry market analyst, most recently spent 11 years working for Perkins Engines in the United Kingdom.
While at Perkins Engines, he led the development of important forecast tools, including the creation of a Market Model used by Perkins Engines’ global team as a single source for its market analysis and planning efforts.
At PSR, Youngs will assume the new role of Forecast and Technology Adoption Lead. He will be responsible for continuing to develop and adapt PSR’s industry forecast, overseeing the rate of technology adoption of alternative power sources into the future outlook and technology mix.
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