John Krzesicki talks with Thomas Bourgeois from Pace Energy and Climate Center in his continuing series “Living on the Edge”. In today’s episode John discusses powering greenhouses and local food production.
Transcript
Welcome to the PSR PowerTALK podcast produced by Power Systems Research.
00:06 John Krzesicki
Hello, my name is John Krzesicki.
Today it’s my pleasure to host the Power Systems “Living on the Edge” series. The show revealed conversations with industry experts and their insight into the future with intelligent technology. With over 30 years of experience supporting the manufacturing industry, I’ve seen an unbelievable change in technology.
SUMMARY. The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.
Yosyf Sheremeta
Consumer confidence declined slightly in December, following
a moderate increase in November. The
Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4
points higher than in September 2019.
Per Lynn Franco, Senior Director of Economic Indicators at
The Conference Board: “While consumers’ assessment of current conditions
improved, their expectations declined, driven primarily by a softening in their
short-term outlook regarding jobs and financial prospects. While the economy
hasn’t shown signs of further weakening, there is little to suggest that
growth, and in particular consumer spending, will gain momentum in early 2020.”
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.
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
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.
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: Considering sales across all power ranges, gen-set
sales gathered some momentum in Q2 2017, up 1.8% compared to Q1 2017 levels. This increase follows Q1 2017 where overall
dealer reported sales were down 5.5% relative to Q4 2016 levels.
SUMMARY: Gen-set sales experienced a sharp increase in Q3
2017 with overall sales up 21.8% over Q2 2017 levels due to demand from
hurricanes Harvey and Irma. This
increase follows Q2 2017 where dealer reported sales were up 1.8% relative to
Q1 2017 levels.
In this episode of the PSR PowerTALK Podcast Chris Fisher, Power Systems’ Senior Commercial Vehicle Analyst, discusses the Q4 2020 global production facts and related forecasts for medium and heavy trucks.
Transcript
Welcome to PowerTALK Truck podcast February 2021. Produced by Power Systems Research, the leading supplier of global production data and forecasts to the engine power products and Components industries. Here’s today’s host, Emiliano Marzoli, Manager of Power Systems Research, European Operations.
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.
The August 2019 issue of PowerTALK News, the monthly report of world news and analysis from Power Systems Research, contains an economic outlook report for North America and a guest editorial by Mr. Kenichiro Wada, who discusses the near-term problems facing Japanese auto OEMs as they develop autonomous vehicles.
The North American economic forecast by Yosyf Sheremeta, Director of Product Management & Customer Experience. During H1 2019, he writes, the economy remained stable and pure economic conditions in the region were favorable. Most industries performed very well, and the short-term outlook remains flat to positive for most market segments. “However,” he writes, “we see many new developments that could suggest a shift in the trend.”
Here are other Top Stories in the August issue:
• Guest Editorial: Japanese Autonomous • Data Point: US Off-Hwy Trucks • China Has Largest EV Charging Network • Brazil Harvester Sales Grow • CAT Brazil Shows New Units • Manitou Sees Slowdown • Doosan Introduces Electric Units • India 2-Wheel Sales Fall • India 2-Wheel Inventories Climb • Russian Auto Plant Begun • Russian Machinery Sales Up 30% • Russia, China Team Up
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