In this issue of PowerTALK, you’ll find PowerTRACKER North American gen-set survey report as well as news and analysis about these Top Stories:
Ceres Power, a world-leading, low cost solid oxide fuel cell company, and Weichai Power, one of the leading automobile and equipment manufacturing companies in China, have completed their long-term strategic collaboration announced last May. This includes a Joint Venture agreement with the commitment to create a fuel cell manufacturing JV in China, a license agreement to transfer key technology to the JV and a new £9 million joint development agreement. It also triggers a further £28m equity injection into Ceres Power.
Top stories in this issue of PowerTALK include
Dennis Huibregtse, CEO of Power Systems Research, examines the trade-offs faced by fleet managers as they consider switching from diesel to alternative fuels.
As fleets evaluate powertrain alternatives in their search for potential
operating cost reductions and improvements in efficiency, it quickly becomes apparent that not all attributes of the current range of alternatives are perceived favorably or equally.
Top Stories in this issue of PowerTALK
Readers of PowerTALK aren’t looking for autonomous vehicles to hit the roads soon, if our survey published last month is any indication.
In the April issue of PowerTALK, we asked readers, “When do you think a fully autonomous vehicle will be available in the market place?” Only 22.22% of respondents said it would happen within five years. More, 33.33%, said it would happen in the period of six to 10 years.
Other Top Stories in this issue of PowerTALK include
Construction equipment OEMs are evaluating various electrification options, including hybrid configurations where electric auxiliary drives are being adapted to replace traditional mechanical systems, including hydraulics, in some cases. But relatively few pure battery-electric machine designs have appeared, at this point, writes Dennis Huibregtse, CEO of Power Systems Research.
Top Stories in this issue of PowerTALK:
Lawn mowers are produced in many designs and power sources and are designed to cut grass in lawns and public areas such as parks and golf courses. Robotic Mowers autonomously mow an area. Walk Behind Reel Mowers use blades set on a revolving cylinder or reel to cut grass. These mowers are powered either through human effort or engine power; when the reel mower is moved forward the reel moves, cutting the grass.
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
Yosyf Sheremeta, PhD, Director of Product Management and Customer Experience, analyzes the North American economic outlook by industry segment.
Welcome to the PowerTALK podcast produced by Power Systems Research.
00:06 Joe Delmont
From Power Systems Research, I’m Joe Delmont, editor of PSR PowerTALK.
Today, we’ll talk with Yosyf Sheremeta about the economic outlook for North America. Yosyf is Director of Product Management and Customer Experience for Power Systems Research.
HANNOVER, Germany–For many years, Agritechnica has been growing and strengthening its role as the top European agricultural trade show. Despite the struggles that the industry is facing, with declining order books and a less than enthusiastic outlook for 2020, Agritechnica 2019 held here Nov. 11-16, 2019, reaffirmed its position as the most important ag tech event in Europe. The show reported 2,820 exhibitors and 450,000 visitors, more than 130,000 of them from outside Germany.
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.
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.”
Power Systems Research (PSR) projects the global outdoor power equipment market to grow from $34.01 billion in 2021 to $48.91 billion by 2028, a CAGR of 5.34% over the forecast period. The outdoor power equipment market includes consumer and commercial lawn mowers, chain saws, leaf blowers, and other motorized equipment used in the upkeep of lawn and gardens.
Global trends.North America is expected to dominate the market because of the growth of commercial and residential lawns and parks. The market in North America stood at $13.7 billion in 2021 and is expected to gain a huge portion of the global market share.
In Europe, continued automation in the lawn mower segment will increase demand for automated residential lawn mowers.
Monthly news and analysis from PSR’s experts
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