Winter is Coming…(and Consumers are Ready). Q3 2019 Report

SUMMARY: Gen-set sales in Q3 2019 rose 7% from Q2 2019, due to a continued strong demand for standby power systems. Standby systems in both the residential and commercial sectors drove the 7% growth (the highest QoQ growth of the year so far), with the 10-20kW range increasing sales by nearly 12% and the 21-50kW, 51-100, and 101-300kW ranges growing 5-7%.

On a Year-on-Year basis, overall unit sales for Q3 2019 were up 2.9% compared to sales levels in Q3 2018.

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Q4 2020 North American Gen-Set Outlook

The Q4 2020 PSR PowerTracker survey provides information on North American gen-set sales from manufacturers, consumers and retailers. Joe Zirnhelt, Power Systems Research, President and CEO, provides the analysis.

Transcript

Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.

00:06 Joe Zirnhelt:

From Power Systems Research, I am Joe Zirnhelt. In today’s PowerTALK podcast we will discuss results from the fourth quarter of 2020 based on our ongoing PowerTracker survey.

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Q3 2020 Power Systems Research Truck Production Index (PSR-TPI) climbs 203%

St. Paul, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 36 to 109, or 203%, for the three-month period ended Oct. 31, 2020, from the Q2 2020. The year-over-year (Q3 2019 to Q3 2020) loss for the PSR-TPI was, 117 to 109, or 6.8%.

The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.

This data comes from OE Link™, the proprietary database maintained by Power Systems Research.

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Q3 2021 European Economic Outlook

In this episode of PSR PowerTALK, Christopher Bamforth, European Market Analyst for Power Systems Research, comments on his Q3 2021 outlook for the European economy.

Transcript 

Welcome to the PSR PowerTALK podcast produced by Power Systems Research. 

00:00:06 Emiliano Marzoli 

From Power Systems Research I am Emiliano Marzoli, editor of PSR PowerTalk, and today we’ll discuss an update on the economic outlook for Europe with Christopher Bamforth, our European Market Analyst. 

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Powersports Segment Growth Ignores COVID-19

Michael Aistrup
Michael Aistrup

While much of the North American economy slowed to a crawl after COVID-19 shutdowns in 2020, the powersports industry posted significant growth. Many people, weary of staying at home, found a cure for cabin fever while riding an off-road vehicle or experiencing socially distant spaces on trails. By all indications, the sales increase in powersports equipment has been one of the few bright spots in an otherwise grim COVID-19 economy.

According to Jeremy Jansen, senior vice president of Wells Fargo Commercial Banking’s distribution financing business, “What started out as a slight uptick has just taken off to record sales levels,” he said. “Dirt bikes, ATVs, side by sides, personal transport vehicles — everything in the book is retailing well above prior year.” After plummeting briefly in mid-March amid the initial shutdown, powersports sales skyrocketed in the ensuing months.

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KAMAZ Increases Nine-Month Production 21%

KAMAZ has significantly increased production for the first nine months of 2021 versus the same period last year. Through September, the OEM produced 30,979 vehicles, up  21% from the same period in 2020, reports the company.

In September, KAMAZ made 4,067 vehicles (versus 3,676 vehicles in September 2020.

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PSR Analysis: KAMAZ has found ways to resolve the problem with components (mostly by offering simpler models), working with pent-up demand and increasing its market share.

Maxim Sakov is Market Consultant – Russia Operations, for Power Systems Research

Fabio Discusses Electrification of MHV

Today, Fabio Fabio Ferraresi, Director of Business Development in South America, discusses Brazil MH vehicle production and trends in MHV propulsion and powertrains.

Transcript

Welcome to the PSR 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 Fabio Ferraresi about transportation trends in Brazil, especially as they apply to medium and heavy vehicles. We’ll discuss 2021 Brazil production forecasts, and we’ll also look at trends in propulsion and powertrains for medium and heavy vehicles.

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PG&E Blackouts Lead to Best Fourth Quarter for Mid-Range Power in Five Years

SUMMARY: Gen-set sales in Q4 2019 rose 3.5% from Q3 2019, driven primarily by growth in the middle power ranges. The 21-50kW range experienced the fastest growth at 7.5%, followed by 10-20kW at 3.7% and 101-300kW at 3.5%.

When looking at this growth by application, we see that standbys were the only application to experience meaningful growth this quarter, ending with a strong 7.5% increase. Unlike previous quarters, this increased demand came from more than residential consumers. Institutional and industrial consumers increased their demand by 2.5% and 3.75%, respectively. This is the strongest fourth quarter showing for these consumer types in the last five years.

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PowerTracker™ Report: Gen-Set Sales Rebound in Q3 2020

Joe Zirnhelt
Joe Zirnhelt

SUMMARY: Our PowerTrackerTM dealer and distributor survey of 200 respondents reported that gen-set sales recovered some momentum in Q3 2020 up 11.9% from Q2 2020 levels.  This increase follows a slow start to the year in Q1 2020 where overall dealer reported sales were down 9.8% from Q4 2019 levels and Q2 2020 where we observed a quarterly increase of 4.5% over the low Q1 2020 levels.

The only part of the market that seemingly did not recover in Q3 2020 was the diesel <20 kW with -8.3% for <10 kW and -3.6% for 10-20 kW.  The remainder of diesel (>20 kW) had single digit quarterly increases across the power ranges.  The gaseous fueled gen-sets had the most significant rebound this quarter with all power ranges up to 500 kW with a greater than 10% quarterly change – helping to offset the weak first half of 2020 as concerns and shutdowns ensued over COVID-19.

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