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.
Published in Automotive Business, August, 26, 2020
1. INTRODUCTION
The use of diesel in Commercial Vehicles and its alternatives has been studied and discussed globally over the past two decades. We have updated future trends annually based on the new platforms in our data and new models in development allowing us a 10-year horizon. In August 2019 we published an article on the subject for Automotive Business Brazil, which is now updating.
In the 2019 article we said that fossil diesel propulsion for commercial vehicles would be exposed to several alternatives and therefore the 20s decade would be a decade of significant changes, justifying yearly monitoring of the subject.
This whole range of studies was then impacted by COVID-19, a new event at the beginning of this decade that is another factor of change in this complex subject.
Global auto supplier, BorgWarner has announced it is buying EV charging company Rhombus Energy Solutions. The deal will boost its EV charging presence in North America while adding to its European market and will accelerate its charging business by leveraging its existing capabilities. This is the latest in a round of EV related acquisitions the company has made. In August 2021 it took control of AKASOL,(a German EV battery company) and in March 2022, BorgWarner acquired 100% of Santroll Automotive Components (a light vehicle eMotor business).
PSR Analysis: This acquisition will generate good revenue for BorgWarner and continues their move into this market. It’s also a good example of the many acquisitions that OEMs are making into the broad arena of electric power as they see future opportunities. Other recent examples include: Nikola acquiring Romeo Power to bring its battery supply inhouse, Terex investing in Acculon Energy, and Cummins acquiring Meritor (Cummins believes eAxles will be a critical integration point within hybrid and electric drivetrains). PSR
Guy Youngs is Forecast & Adoption Leadat Power Systems Research
The Power Systems Research Truck Production Index (PSR-TPI ) dropped 42.5% for the three-month period ended March 31, 2021, declining from 186 to 107, from Q4 2020. The year-over-year (Q1 2020 to Q1 2021) improvement for the PSR-TPI was 15%, in which it climbed from 93 to 107.
While the decline in commercial vehicle demand in China will lower global vehicle demand this year, improved demand is expected in all other regions, according to the April issue of PowerTALK™ News. The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
Here are more articles in this issue of PowerTALK™ News:
Power Systems Research Offers Truck Data
Listen To New PSR PowerTALK Podcasts
Global Truck Production Drops in Q1 2021 (PSR-TPI)
The Japanese market in 2022 will be greatly affected by two factors: COVID-19 in its third year and the semiconductor shortage. Despite this, companies are making steady progress in their approach to the industrial issues of the environment and safety, and in particular, the full-scale development of EV products is positioned as a major step toward the realization of carbon neutrality by 2050. The launch of EVs in the Japanese market in 2022 will be on an unprecedented scale.
Nissan will start selling its new model “ARIA” at the beginning of the year. Nissan and Mitsubishi are also jointly developing a mini-EV which they plan to launch early in 2022. Toyota and Subaru will also gradually roll out their first jointly developed SUV in Japan and overseas markets starting in mid-2022. Toyota’s “bZ4X” and Subaru’s “SOLTERRA” are the best-selling mid-size SUV EVs globally and will be the touchstone for future EV development. Honda will launch its first two Honda-brand EVs in China in the spring of 2022. These are also SUVs and will be marketed under the name “e:NS1” by Dongfeng Honda and “e:NP1” by Guangqi Honda, both of which are local joint ventures, and will be considered for export from China to global markets.
Christopher Bamforth is a European Market Research Analyst based in Brussels, Belgium. In this role he will be responsible for supporting European market research, and market data analysis for original equipment and engine applications for Power Systems Research's OE Link™ and EnginLink™ databases. Christopher holds a Bachelor of Arts degree, with Honors, in Business Studies, from the University of Kent, with specialties in marketing, economics and international business. Prior to coming to Power Systems Research, he interned as a market researcher at Dedicated Resources S.A. Belgium. Christopher joined the Power Systems Research team in March of 2014.
In this episode of PSR PowerTALK, Christopher Bamforth, European Market Analyst for Power Systems Research, comments on his outlook for the European economy.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Emiliano Marzoli:
From Power Systems Research, hello, I am Emiliano Marzoli, editor of PSR PowerTALK. And today we’re going to discuss the economic outlook for Europe with Christopher Bamforth, our European Market Analyst.
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.
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.
St. Paul, MN— The Power Systems Research Truck Production Index (PSR-TPI) dropped from 124 to 112, or 9.7%, for the three-month period ended Sept. 30, 2018, from Q2 2018. The year-over-year (Q3 2017 to Q3 2018) gain for the PSR-TPI was, 110 to 112, or 1.8%.
A new international system for rating the fuel efficiency of ocean-going vessels will be established under Japanese leadership, it has been announced. A draft amendment to the relevant treaty will be adopted at an international conference in June, and the system is expected to be introduced in 2023.
The fuel efficiency rating system will be applied to large ocean-going vessels such as container ships, oil tankers, and cruise ships. Once a year, ship owners and operators will submit fuel efficiency data to the government where the ship is registered and rate it on a five-point scale (A-E). CO2 emissions are converted from the distance traveled, the weight of the ship, and the amount of fuel consumed and compared. The lowest E, or three consecutive D’s, will require the owner to submit an improvement plan to the government where the ship is registered. They are required to add devices to improve fuel efficiency or reduce the speed at which they sail. If the ship cannot be improved, it will not be allowed to sail.
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