News: Power Generation

2019-09-03

Welcome to the New Gilded Age of Gen-Sets

This forecast appeared in the September 2019 issue of Diesel Progress magazine.

SUMMARY. The underlying weak conditions in the global economic picture could put pressure on the North American power generation industry for the remainder of 2019 and through most of 2020. We forecast little or no growth for the industry through 2020.

Even though the power generation production market was up slightly (0.9% in 2018-2019), we see it declining about 1% over the next year. 

Tyler Wiegert
Tyler Wiegert

For those of you a few years removed from your high school U.S. History courses, the original Gilded Age was a period covering the 1870s-1890s that was marked by astonishing economic growth. Driven by the expansion of industrialization in the North and West, facilitated by growing railroad networks, real wages grew an enviable 60%.

But Mark Twain dubbed this period the “Gilded Age” rather than the “Golden Age,” because it was also marked by extreme poverty, and he represented it with gilded, decaying apple. The shiny outward appearance of growth was masking a rotten core of massive inequality.

Read More»

2017-06-01

CONEXPO Publications Booming North American Rental Market Offers Opportunity


COMPOUNDINGS Magazine, June 2017 Market ReportDownload

This article appeared in the June 2017 issue of Compoundings Magazine, published by ILMA (Independent Lubricant Manufacturers Association)

If you didn’t hike through the nearly 3 million square feet of exhibit space at CONEXPO-CON/AGG in Las Vegas in March, you missed an opportunity to explore several new markets for lubricants.

And even if you were in Las Vegas, you might have missed two of the most promising growth opportunities for lubricants. One is the booming North American commercial equipment rental market. The second involves the changing outlook for emissions regulations, which will affect the demands for engine lubricants on commercial vehicles and off-highway equipment.

CONEXPO-CON/AGG is a huge international event held every three years for the construction industries, with a focus on construction, aggregates and ready-mix concrete. This year, nearly 128,000 attendees to the five-day show visited more than 2,800 exhibits.