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2023-05-21

2032 Marine Inboard Market Forecast: $4.45B

GLOBAL REPORT
Michael Aistrup
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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2023-05-24

Show Report: Agrishow 2023

BRAZIL/SOUTH AMERICA REPORT  
Fabio Ferraresi
Fabio Ferraresi

Our Power Systems Research South America Team visited the Agrishow 2023, in Ribeirão Preto-SP, Brazil, visiting customers and checking the new launches and market expectations. It’s the world’s largest show on Agricultural Equipment       

The general expectations of exhibitors we talked with were not positive. Exhibitors carefully spoke about some factors influencing the market, such as lower commodities prices and the new government often speaking against Agribusiness that does not promote positive investment decisions.

On the other hand, the projections of business during the show surpass US$ 2,6 Billion (R$ 13,2 Billion), that is 18% nominal growth over 2022 business and actual growth of 9.5% discounting inflation. The expectation is for a recovery in commodities prices in 2H 2023. The government is also announcing more credit for this segment and OEMs are offering their own credit lines.

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2023-06-19

Global Electric Scooter Market Could Reach $56B in 2033

GLOBAL REPORT
Michael Aistrup
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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2023-06-23

DATAPOINT: NA Off-Highway Trucks 2023 Production

1,600 units is the estimate by Power Systems Research of the number of Off-Highway Trucks expected to be produced in the United States and Canada in 2023. None of these trucks are electric units.

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

2023-07-26

Ammonia-Powered Fuel Cell Developed for Deep Sea Shipping

ShipFC is the project financed by the Union European program Horizon 2020 and Hydrogen Europe aiming to prove that fuel cells powered by green ammonia can meet the strict IMO standards of zero-emission Deep Sea shipping.

Currently, a 100% zero-emission solution is not available in this segment. Batteries do not last longue enough with a size that can fit a ship onboard, and Hydrogen technology has some other challenging issues to resolve. Alternative fuel solutions are promising but still need to be tested, confirmed, and approved by DNA.

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DATAPOINT: NA Mixers, 2023 Production

34,000 units is the estimate by Power Systems Research of the number of Mixers expected to be produced in the United States, Mexico and Canada in 2023.

Mixers are used by a variety of industries, especially for construction applications, and mix an assortment of materials. Power Systems Research tracks the North American production of two types of mixers: one used to produce asphalt and one for mixing mortar or concrete. Asphalt Mixers/Agitators are used to manufacture asphalt, macadam and other forms of coated road stone, often called “blacktop.”

A Cement/Mortar Mixer is a mechanical mixer that uses rotating paddles attached to a horizontal axle to blend the mix ingredients of mortar or concrete.

This product 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.

Battery/Corded Electric Units: Production of electric units are expected to increase by 23% in 2023 over 2022, climbing 1,300 units to about 6,800 units this year powered by either battery or cords. In 2023, electric units (battery and corded) will be about 2% of total North American Mixer production. PSR

Carol Turner is Senior Analyst, Global Operations, for Power Systems Research

2023-07-27

Alternative Propulsion MHVs Down 55% YTD in Brazil

Unlike what happened with automobiles, in which new propulsion technologies registered an increase of almost 60% in the first half of 2023, heavy vehicles powered by electricity or gas dropped 55.5% in this period.

From the 604 units licensed in H1 2022, the volume fell to 269 from January to June this year. The survey was released by the National Association of Motor Vehicle Manufacturers (Anfavea).

Source: Automotive Business    Read The Article

PSR Analysis. Although OEMs say the drop is in line with the overall market reduction, the ICE market does not account for the significant decrease in sales. Sales from January to June 2023 are only 1% below 2022 in the same period. The small volumes and the size of orders can explain the oscillation with orders postponed from Q1 2023 and Q2 2023 with expectations for incentives and better credit in the second half of 2023.

Fabio Ferraresi is Director Business Development-South America for Power Systems Research

2023-08-20

DATAPOINT: NA Personal Watercraft

89,700 units is the estimate by Power Systems Research of the number of Personal Watercraft (PWC) expected to be produced in North America in 2023. In this category, we include jet drive boats and jet drive pontoons as well as personal watercraft.

Jet Drive Boats are boats propelled by a jet of water ejected from the back of the craft; they have no propeller and can maneuver in shallow water. PWCs are also driven by jet water and come in several styles: Stand-Ups or Sit-Downs. They are often referred to as jet skis. Sit Downs are designed for one, two or three persons in a sitting position, one in front of the other. PWC Stand-Ups are designed for one rider standing or kneeling on the watercraft.

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2023-09-05

DataPoint: North America Tractor/Loader/Backhoes (TLBs)

7,450 units is the estimate by Power Systems Research of the number of Tractor/Loader/Backhoes (TLB) expected to be produced in North America in 2023.

Tractor/Loader/Backhoes are full-size machines that are three pieces of construction equipment combined into one: the tractor, the loader and the backhoe. These units are designed to tackle an array of construction and agricultural related activities.

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2023-09-15

Hydrogen Fuel Cell MH Commercial Vehicle Update

Chris Fisher
Chris Fisher

With regards to zero-emission medium and heavy vehicles, we have heard during the past few years that battery electric commercial trucks will ultimately replace the diesel-powered internal combustion engine for commercial trucks.  At some point in the future this might be true for short and regional haul freight carriers but what about the long-haul heavy truck segment? 

Currently, the lack of charging infrastructure, range anxiety and the extreme weights associated with the batteries will be a significant deterrent to mass adoption of long-haul battery electric trucks.  However, hydrogen fuel cell trucks for long-haul applications appear to be a viable option in this segment.  Even though fuel cell trucks currently have a greater range and lighter weight than battery electric trucks, they have the same problem as electric trucks due to a lack of a power infrastructure.

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