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.
In July 2019, 92,000 motorcycles were produced in Brazil, up
sharply from the 68,000 units produced in June 2019. January to July production
was 629,000, 6.3% above the 592,000 units produced in the same period of 2018.
Increased Uncertainty Causes Export-Investment Slump To Continue
In the August edition of
the Economic Trend Report (Green Book), the Korean Ministry of Planning
and Finance defined the recent Korean economy this way: “production has
increased moderately but exports and investments continue to be sluggish”.
New car sales from
January to June in six major countries in Southeast Asia were 1.7 million,
unchanged from the same period of the previous year.
Thailand and Indonesia are
the two major markets. Thailand, where consumption is strong, increased by 7%
year-on-year, while Indonesia, which faces a decline in resource prices,
decreased by 13%. Thailand could be ranked first this year for the first time
in six years.
Mitsubishi Heavy
Industries has begun manufacturing the basic structure of wind turbines at the
Nagasaki Shipyard, where excess capacity exists. This is because MHI’s
specialty LNG carriers are monopolized by Korean manufacturers and MHI is not
receiving orders. Now, they take on non-shipbuilding jobs and help maintain the
employment of the shipyard. Their Nagasaki Shipyard started manufacturing the
basic structure that supports large wind turbines. Since the shipyard has a
space for handling large parts of the ship, it can also be used to manufacture
wind turbines.
President and Founder, Japan Electrification Research Institute, Ltd.
SUMMARY. The global
auto industry is bubbling with changes and dramatic new ideas, but the current
declining financial performances of Japanese auto OEMs may force them to drop
out of the race temporarily before they can take advantage of the growing
demand for autonomous vehicles.
The August 2019 issue of PowerTALK, 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.
Fourteen hundred units is the estimate, by Power Systems Research, of the number of Off-Highway Trucks that will be produced in the United States and Canada during 2019. Estimated 2019 production will be about the same as 2018.
In 2018, production was 1412 units, down 55 units or 4% from 2017.
The India CV market is facing lower demand in 2019, reports MotorIndia magazine in its August 2019 Market Outlook issue.
CV Link is a comprehensive databaseupdated quarterlythat covers the CV market.
After a blockbuster growth in 2017 and 2018, writes Shah, growth that was largely driven by demand for tipper trucks due to the new infrastructure, mining projects and fleet replacement; the party ended in Q4 of 2018.