The 23rd edition of FENATRAN, the International Road Cargo Transport Trade Show, brought together more than 500 brands in the exhibition pavilion of São Paulo Expo, Nov. 7-11, and generated total revenue of about USD 2 billion, more than USD 200 million than the last edition of FENATRAN, held in 2019. Power Systems Research representatives were at the show. Read there reports. PSR
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) has released economic data for 2021 showing the outdoor recreation industry’s impact on the U.S. economy. Key highlights from the 2021 data on the U.S. outdoor recreation economy include: 1. $862 billion in economic output; 2. 1.9% of GDP, and 3. 4.5 million jobs.
Trips and travel have come back, record sales in many outdoor segments, manufacturing increasing, as well as the drive to continue to recreate for quality of life has allowed the outdoor industry to bounce back from the effects of COVID-19.
“The continued strength of the outdoor economy is no surprise to the marine industry, where we continue to see incredible growth with new and younger customers taking to our brands each year,” said Chris Drees, President of Mercury Marine, the world’s leading manufacturer of recreational marine propulsion engines.
The January 2023 Alternative Power Report produced by PSR’s Guy Youngs and other analysts at Power Systems Research includes several articles on hydrogen power. New applications of hydrogen power from construction to marine are discussed in this issue. Plans by OEMs Audi and BMW for new EV cars also are discussed. PSR
Hydrogen power continues to be a hot topic as an alternative power source, as you’ll see when you read the March 2023 issue of the Alternative Power Report from Power Systems Research. Development of the charging infrastructure is a hot topic, too, as we see with the article on Subway tying its sandwich shops in with charging stations. PSR
CONEXPO 2023 More than 2,000 exhibitors displayed new products to nearly 140,000 attendees at the CONEXPO 2023 event in Las Vegas March 14-18. Analysts from Power Systems Research walked the grounds looking at new equipment and talking with exhibitors and attendees. Read their report here. PSR
Power Systems Research has awarded a $2,000 scholarship to Erin Kelly, a student at Eagan High School in Eagan, Minnesota. Erin plans to attend the University of Minnesota in Minneapolis, Minn., and study computer engineering.
Erin enjoys reading, writing, playing and listening to music and all things theater and storytelling. She doesn’t really have a favorite school subject because, as she says, “There are so many ways to view the world and love learning about all of them.”
Her favorite high school memory is “seeing everyone on stage during on stage during our recorded concert style production of Les Miserables–in masks and social distancing, it was the first normal thing since the pandemic began.”
Power Systems Research has been supporting high school science and engineering programs for many years. It has been donating to the Eagan Foundation Scholarship program since 2013.
Another program PSR funds is the Experimental Vehicle Team at St. Thomas Academy in suburban St. Paul, Minnesota. The school successfully competes in international competitions with high schools and universities to build the most energy efficient vehicles. PSR
Unlike On-Road Trucks, Off-Highway Trucks are specifically designed to work in punishing environments and are made to haul material and debris around a work site. These purpose-built vehicles are not constrained by the weight limits of their smaller on-road counterparts.
Expect production to increase 5% by 2025 as the need for new equipment for mining operations increases. It is speculated that there will be growth in the excavation of iron ore, nickel and bauxite followed by gold and copper. PSR
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
In recent years, there has been a noticeable shift towards environmentally friendly and energy-efficient outdoor power equipment in the global market. This shift is evident in both the consumer and the construction markets. Battery-powered tools have gained popularity because of their lower emissions, reduced noise levels, and convenience.
Read about new high energy density, cobalt-free lithium-ion batteries, CATL’s fast charging electric skateboard, a new lithium bonanza in the US and more in this month’s Alternative Power Report produced by Guy Youngs of Power Systems Research. PSR
Deutz AG To Sell Torqeedo Shares To Yamaha Deutz AG signed an agreement Jan. 19, 2024, to sell its shares in Torqeedo to Yamaha Motor Co Ltd. The sale of Torqeedo’s shares were planned and announced at the Deutz Annual General Meeting held in April 2023.
Torqeedo is a market leader in developing and manufacturing advanced marine electric engines and propulsion systems.
Monthly news and analysis from PSR’s experts
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