SUMMARY: North American Gen-set sales continued with strong growth in the lower kW ranges in Q4 2017 with overall unit sales up 12.9% over Q3 2017. The gains were driven by ongoing demand caused by severe hurricanes, as well as optimism about the economy.
SUMMARY: Gen-set sales in North America continued to grow in Q4 2018, with dealers reporting an overall unit sales increase of 6.7% over Q3 2018, largely due to a continued strong demand level for standby units by private consumers.
SUMMARY. After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback. There are many reasons to be optimistic about the economy for the next few years, including strong readings of macro-economic factors combined with the economic cycle reset backed by government initiatives and policies.
Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation.
During H1 2021, we witnessed a strong level of activities and a rebound for many industries. As local governments eased lockdown restrictions, service-oriented industries gained traction and that translated to an overall increase of economic activities across many industries.
We expect this level of rebound to continue and we now expect even stronger overall growth for 2021. The US economy is on track to reach or even surpass the growth level of 1984 – the highest one since 1950s. In the near term, consumer spending will help drive demand and support the strong growth trend.
SUMMARY. The global economy performed very well in 2021 and continues to recover, along with trade, employment and incomes. But the revival is unbalanced, with regions/countries, businesses and people facing very different economic realities. Recent improvements also conceal structural changes, which means that some sectors, jobs, and technologies will not return to their pre-pandemic trends. Based on the most recent economic developments and trends, Power Systems Research remains somewhat optimistic about the global recovery.
Many of us hoped to be in the post-Covid phase by now, but it is evident that there is no quick way out. The pandemic has had a profound impact on the world economy, and it will continue to challenge established norms of life and business into the foreseeable future. As we start the new year, many challenges remain, new and old alike: re-surgency of COVID variants, restrictions on travel, supply chain challenges, shortages of materials/goods, inflation, and employment, as well as renewed geopolitical tensions across many parts of the globe.
Power Systems Research witnessed a strong economic recovery globally in 2021, despite regional differences. Output in most OECD countries has now either surpassed or is about to reach pre-pandemic levels, but lower-income economies, particularly those where vaccination rates are low, are at risk of being left behind. Furthermore, the rebound will continue to vary widely among different market segments.
Global inflation re-surfaced in 2021 and presents a real risk to economic recovery in all regions. The renewed inflationary pressure risks lasting longer than was expected a few months ago. The surge in retail and wholesale energy costs in late 2021 will undermine economic growth prospects for large parts of Europe and Northeast Asia well into 2022. Rising food and energy prices already have impact on low-income households in particular.
SUMMARY. 2021 was a year of big hopes for economic recovery and pandemic management, and, overall, the economic rebound was strong. Looking at the state of the economy in general, and the key economic indicators such as GDP, interest rates, employment levels, etc., the North America market finished the year on a very high note. At the same time, development of new pandemic variants as well as ongoing issues with supply chains have led to manufacturing issues.
The second half of 2021 brought steady economic activities and strong economic recovery. Despite this strong performance, many existing and new challenges were seen. Problems from pandemic-related supply chain disruptions, logistics backlogs, and semiconductor shortages to new virus variations and labor market issues have contributed to slower growth in Q4 2021 than during the first half of last year.
Let’s break it down. The “Great Resignation” means companies must make themselves more attractive to new hires, and it provides those workers who remain more leverage to change corporate cultures from the inside.
With help of government support and targeted fiscal policies, the US economy showed a strong comeback in 2021. Furthermore, the growth trajectory is well positioned to continue to expand into the next few years, however, at much slower pace, than in 2021.
At the same time, there are many reasons for us to be optimistic about this trend. Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation. In our previous forecasts, we discussed recovery trends for the post-pandemic period, and called for a return of demand for most markets in 2021. Last year, we witnessed a strong level of activities and an economic rebound for
SUMMARY: Gen-set sales in Q2 2019 rose 4.3% from Q1 2019, due to increases in commercial demand and demand for standbys that are typical for Q2 as construction season and hurricane season begin. Broken out by kW range, sales increases were on the lower end of normal in the 51-100kW and 101-300kW ranges, but overall sales were still driven by typical growth in the 101kW-1MW ranges, typical of the construction season.
Komatsu plans to release a battery-powered compact excavator that emits no exhaust gas in Europe in 2022. The company will also promote the quietness of the product and expects to use it in residential areas. Hitachi Construction Machinery will also double orders for electric excavators in fiscal 2021 compared to the previous year. Following the trend in the automobile industry, competition in the field of electric construction machinery is now in full swing.
The compact excavator to be launched by Komatsu will use lithium-ion batteries that are lightweight and can operate for a long time. It uses a motor instead of an engine, making less noise and emitting no exhaust gas. The company will first market the product in Europe, where environmental regulations are strict, and then consider launching it in Japan. Komatsu began renting several small excavators powered by lead-acid batteries on a trial basis in Japan in April 2020.
Yamaha plans to launch a series of electric motorcycles in Japan and overseas this spring. Electric motorcycles with an engine displacement equivalent to 125cc will be leased and sold on a trial basis in Europe, Japan and other countries. In response to the global trend of decarbonization, Yamaha has set a goal of reducing CO2 emissions to virtually zero by 2050. The 125cc equivalent electric motorcycle has been on the market in Taiwan, but this is the first time it has been offered in Europe and Japan.
The motorcycle has been developed based on the E01 concept vehicle, which was unveiled at the 2019 Tokyo Motor Show. The company avoided mentioning specifics about the range and other specifications but said that the E01 would be equipped with a high-powered fixed battery that can run at high speed while meeting the range requirements for daily use, and that it would support quick charging as well as normal charging.
Regulation (EU) 2020/1040 to amend Regulation (EU) 2016/1628 on Stage V emissions for non-road mobile machinery (NRMM) was published July 17 in the Official Journal of the European Union.
This final step of the legislative process confirms that the 12-month extension of certain transitional provisions is officially EU law and is applicable retroactively from July 1, 2020.
This amendment to the Stage V Regulation extends by 12 months the June 30, 2020, and December31, 2020, deadlines for the production and placing on the market of NRMM and tractors fitted with transition engines <56kW and ≥130kW.
GIE+EXPO is the annual gathering for all segments of the outdoor power equipment and lawn and landscape industry. The event is sponsored by the Outdoor Power Equipment Institute, the Professional Grounds Management Society and the National Association of Landscape Professionals.
This year, the show drew more than 26,500 people from around the world. The indoor exhibit floor and the Outdoor Demonstration Area covered 24,000 net sq. ft. more than last year.
Monthly news and analysis from PSR’s experts
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