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  • PowerTALK™, March 2023

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    IN THIS ISSUE

    CONEXPO 2023 held this month in Las Vegas is the largest construction equipment show in the world. It covered more than 3 million square feet and more than 2,400 exhibitors demonstrated new products from nearly 140,000 attendees from around the world. Power Systems Research analysts walked the five-day show talking with exhibitors and attendees and reviewing new products. Read our report in this issue of PowerTALK.

    • Alternative Power
      • Subway To Add EV Charging Stations
      • Lithium-Air Battery Could Offer Longer Range
      • Has Battery Recycling Arrived Too Soon?
      • Nikola Plans Hydrogen Fuel Network
    • Global:
      • CONEXPO Shows Hydrogen, Electric Prototypes
      • EV Boat Market To Grow by 12%
    • NA: Cummins Hydrogen Engine Update
    • DataPoint: NA Harvesters
    • Brazil/South America:
      • WEG Building Plant for EV Batteries in Brazil
      • Fras-le Acquires Juratek in UK
    • Europe: RR Power Systems Posts Record Year
    • Japan: Hitachi Construction Raises Prices
    • China: Komatsu To Cut China Production by 40%
    • India: Hyundai To Purchase GM Plant

  • CONEXPO 2023

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    More than 2,000 exhibitors displayed new products to nearly 140,000 attendees at the CONEXPO 2023 event in Las Vegas March 14-18. Analysts from Power Systems Research walked the grounds looking at new equipment and talking with exhibitors and attendees. PSR

  • DATAPOINT: NA Harvesters, 2023 Production

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    470 units is the estimate by Power Systems Research of the number of harvesters to be produced in North America in 2023.

    The combine harvester, often simply called a combine, is a machine that harvests grain crops. The name derives from its combining three separate operations comprising harvesting—reaping, threshing, and winnowing—into a single process.

    This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

    Market Share: With 52% of total units produced, Deere leads in production of harvesters in North America.  In second position, with combined plant total, is Oxbo International with 25%; third, Flory with 10%.     PSR

    Carol Turner is Senior Analyst, Global Operations, for Power Systems Research

  • Alternative Power Report, March 2023

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    Hydrogen power continues to be a hot topic as an alternative power source, as you’ll see when you read the March 2023 issue of the Alternative Power Report from Power Systems Research. Development of the charging infrastructure is a hot topic, too, as we see with the article on Subway tying its sandwich shops in with charging stations. PSR

  • Alternative Power Report, February 2023

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    Read about the 240 ton electric mining truck that can charge in 30 minutes in the February 2023 issue of Alternative Power Report produced by PSR’s Guy Youngs. The same issue contains articles about Volvo’s electric concrete mixer truck and its wheel loader. Europe’s charging corridor will make driving easier for MHVs. PSR

  • PowerTALK™, February 2023

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    In This Issue

    Read in the February 2023 issue of PowerTALK News about the 240 ton EV mining truck than can charge in 30 minutes. At the same time, Volvo unveils an electric mixer truck and Japanese OEMs push to develop battery production in North America.

    • Alternative Power
      • • 240 Ton Electric Mining Truck Charges in 30 Minutes
      • • Study Shows Plug-in Hybrids Dirtier Than We Thought
      • • From Diesel to DC
      • • Volvo Unveils Electric Concrete Mixer Truck
    • Global: MC Market Grows 5.48%
    • N. America: Charging Infrastructure Blocks Adoption for BEV’s
    • DataPoint: Dumpers/Tenders
    • Brazil/S. America:
      • • Hitech Electric To Produce 100% EV LCVs
      • • Hyundai Keeps Gamma Engine in Units for Colombia
      • • Legislation for AG Tractors Cabin in Brazil Has Changes
      • • January Truck Production in Brazil drops 72%
    • Europe: Deutz, Daimler Align
    • China: Adoption of New Energy Commercial Vehicles Pushed
    • Japan: OEMs Seek Battery Production Channel in NA
    • South Korea: Hyundai To Start Operations at Plant in Vietnam
    • SE Asia: Kubota Seeks Manpower
    • India: Budget Focuses on Capex

  • DATAPOINT: NA Dumpers/Tenders, 2023 Production

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    1,790 units is the estimate by Power Systems Research of the number of Dumpers/Tenders to be produced in North America (United States and Canada) in 2023.

    A Dumper/Tender is a vehicle designed for carrying bulk material, often on building sites. Dumpers are distinguished from dump trucks by configuration: a dumper is usually an open 4-wheeled vehicle with the load skip in front of the driver, while a dump truck has its cab in front of the load.

    This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.

    Market Share: With 66% of total units produced, Country Home Products leads in production of Dumpers/Tenders in North America. In second position is Allen Engineering with 18%; third, is Indy Equipment with 10%. 

    Electric (Battery) Data: Manufacturers continue to develop battery-powered equipment to replace units powered by diesel and gasoline powered internal combustion engines.

    2021:  103 battery-powered units

    2022:  108 battery-powered units

    2023:  132 battery-powered units

    From 2021-2023 production of Electric (Battery) powered units gained nearly 5%.  

    In 2023,  production is expected to gain 22%. 

    Trends: In 2022, production of Dumpers/Tenders in NA increased 9% over production volume in 2021.  Expect production to increase 7% in 2023 from that of 2022.  The increase is attributed to gains in the global economy along with the demand for new products for construction and mining related activities. 

    The decline in 2020 was attributed to product saturation in the market and somewhat related to COVID-19 shutdowns, despite the fact that consumers/contractors were still purchasing products. 

    To date, many manufacturers are having longer production lead times due to lack of parts from suppliers and staffing shortages. Dumper/Tenders, commonly referred to as a Power Buggy, are sought after pieces of equipment because they are much faster than a conventional wheelbarrow and their use accelerates job site related activities.  Expect production to increase an additional 5% by 2025.PSR

    Carol Turner is Senior Analyst, Global Operations, for Power Systems Research

  • Alternative Power Report, January 2023

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    The January 2023 Alternative Power Report produced by PSR’s Guy Youngs and other analysts at Power Systems Research includes several articles on hydrogen power. New applications of hydrogen power from construction to marine are discussed in this issue. Plans by OEMs Audi and BMW for new EV cars also are discussed. PSR

  • Q4 2022 Power Systems Research Truck Production Index (PSR-TPI) gains 3.7%

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    St. Paul, MN (Janaury 23, 2023)— The Power Systems Research Truck Production Index (PSR-TPI) increased from 101 to 105, or 3.7%, for the three-month period ended Dec. 31, 2022, from Q3 2022. The year-over-year (Q4 2021 through Q4 2022) loss for the PSR-TPI was, 122 to 105, or -13.2%.

    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.

    Global Index. Global medium and heavy vehicle production is expected to decline by 15.8% in 2022 when final numbers are available in Q1 2023, primarily due to a significant drop in heavy truck demand in China. Global MHCV demand is expected to improve by 4.6% in 2023 even with concerns of a slowing global economy.  Ongoing supply chain disruptions along with generally higher inflation and a risk of Covid variants returning are also a concern moving forward.

    All Regions. Medium and heavy commercial vehicle production will be mixed in 2022 due to a variety of issues.  In China, truck overcapacity continues to hinder demand while the Russian-Ukraine war is significantly impacting demand and production in Eastern Europe.  While the global supply chain is showing improvement, it will remain a problem in 2023 for all regions.  There is serious concern about a major slowdown in the North American and European economy as a direct result of higher fuel and energy prices and overall inflation which doesn’t appear to be going away anytime soon.

    North America. Medium and heavy commercial vehicle production is expected to increase by 12.5% in 2022 over last year primarily driven by improved class 8 truck production.  While not back to pre-pandemic levels, the supply chain has seen improvement during the past few months.  Within the class 8 truck segment, PSR expects truck demand to remain strong into the first part of next year as a result of significant pent-up heavy truck demand.  While commercial vehicle demand is expected to decline slightly in 2023, production levels are expected to remain strong through at least the first half of the year. PSR

    Jim Downey is Vice President – Global Data Products at Power Systems Research

    Chris Fisher is the Senior Commercial Vehicle Analyst at Power Systems Research

  • PowerTALK™, January 2023

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    Manufacturers are increasing their efforts to develop hydrogen as a power source for vehicles and stationary power equipment at the same time that they continue to develop batteries that are lighter and that can be charged faster.

    In This Issue
    • Alternative Power
      • • Are Hydrogen Engines in the Future?
      • • Growth of Hydrogen Internal Combustion engines (H-ICE)
      • • JCB Reaches Hydrogen Milestone
      • • Hyster Begins Pilot of Hydrogen Fuel Cell Powered Container Handler
    • North America: U.S. Economy Faces Problems
    • DataPoint: NA Combines
    • Brazil/South America
      • • Brazil Pushes Truck Renewal Program
      • • First Synthetic Fuel Neutral CO2 Started
      • • FPT Developing Ethanol or Biomethane Engine
    • Europe: Cost Increases Cause Losses at HanseYacht
    • China: CNH To Halt Sales of Construction Machinery
    • Japan: METI Sets 2030 Goal for EV Trucks
    • South Korea: Hyundai Plans $14.7 Billion for Software
    • Southeast Asia: EV Purchase Subsidies Planned
    • India: Bets Placed on Green Hydrogen
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