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ENGIE EPS Acquisition May Create Euro-Asian Powerhouse
Erik Martin TAIPEI–The acquisition of a 60.5% stake in ENGIE EPS by Taiwan Cement Corporation (TCC) was finalized and completed in July.
The deal, which was announced in April, saw the Italy-headquartered stationary storage and e-mobility solutions subsidiary of French multinational Engie taken over by TCC subsidiary Taiwan Cement Europe Holdings.
What both parties get out of the deal
In a press release, TCC said it has now become a “major player” in electric vehicle charging infrastructure as well as its newly acquired capabilities in building large-scale battery storage systems and microgrids.
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Tupy Developing Efficient Hydrogen Powered Engine
Fabio Ferraresi Brazilian Tupy is working with AVL and Westport Fuel Systems to develop a high efficiency ICE powered by Hydrogen, targeting long haul Trucks. Tupy supplies superior materials casting and high precision machining for high pressure injection engines designed and tested by AVL and Westport. First outcomes of the work are expected at the beginning of 2022.
Source: Automotive Business Read The Article
PSR Analysis: With the Zero Emissions target and the need for efficient…
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Strong Post-pandemic Growth Expected into 2022-23 for North America
Yosyf Sheremeta SUMMARY. After the GDP declined 3.5% last year, the worst performance in almost 75 years, the US economy is set for a strong comeback. There are many reasons to be optimistic about the economy for the next few years, including strong readings of macro-economic factors combined with the economic cycle reset backed by government initiatives and policies.
Our positive outlook is based on the reviews of key economic indicators, including GDP, unemployment, and inflation.
During H1 2021, we witnessed a strong level of activities and a rebound for many industries. As local governments eased lockdown restrictions, service-oriented industries gained traction and that translated to an overall increase of economic activities across many industries.
We expect this level of rebound to continue and we now expect even stronger overall growth for 2021. The US economy is on track to reach or even surpass the growth level of 1984 – the highest one since 1950s. In the near term, consumer spending will help drive demand and support the strong growth trend.
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DATAPOINT: NA Excavators, 2021 Production: 19,900 Units
19,900 units is the estimate by Power Systems Research of the number of Excavators to be produced in North America in 2021.
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 combined plant totals of 47.5% Caterpillar leads in production of excavators in North America. In second position is Doosan Bobcat with 22%; third, is Deere-Hitachi with 14.5%.
Exports: Collectively, up to 30% worldwide.
Trends: Excavators are heavy pieces of equipment designed for large scale projects for a variety of sectors that include construction, mining, and industrial activities. Despite the recent lull in production, excavators are a popular device for construction activities.
Production of excavators in North America decreased 9% in 2020, largely because the global pandemic made 2020 challenging across most industries. The off-highway segments (agricultural, construction and industrial) saw dramatic production drops in 2020 compared to 2019.
Another factor in the recent decline is the fact that purchasers are choosing backhoe loaders that are more versatile than excavators. Expect production to gain an additional 3% by 2025.
As fabrication has resumed, assembly is back on track for 2021 with an expected gain of 9% from last year to a total of about 19,900 units.
One example of the rebound: Doosan Bobcat North America, a global leader in the compact equipment industry, is celebrated the completion of a $26 million expansion at its manufacturing facility in Litchfield, Minn., in Q2 2021. The 15-month project nearly tripled the size of the facility, from 70,000 square feet of office and manufacturing space to nearly 200,000 square feet. PSR
Carol Turner is Senior Analyst, Global Operations, for Power Systems Research
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Edge Computing Helps Connect America
John Krzesicki Cities, nationally and globally, are embarking on innovative efforts to harness the benefits of rapidly emerging technologies to improve citizens’ quality of life, increase operational efficiency, and enhance economic vitality and sustainability.
These efforts often involve changing the nature of data storage and transfer, primarily by moving these steps from data storage “clouds” to local data centers closer to the application.
Since Power Systems Research began tracking global equipment manufacturers in 1976, its analysts have been aware of new technologies and electrification trends such as these which can affect future markets. Today, we’re closely following these changes in data transfer and storage.
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Fabio Discusses Electrification of MHV
Fabio Ferraresi
Managing Director, South America
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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2021 Global Economic Outlook
Yosyf Sheremeta, PhD, Director of Product Management and Customer Experience, analyzes the Global economic outlook by region and industry segment.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06 Joe Delmont
From Power Systems Research I’m Joe Delmont, an editor of PSR PowerTALK.
Today we’ll talk with Yosyf Sheremeta about his global economic outlook. Yosyf is Director of Product Management and Customer Experience for Power Systems Research.
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DataPoint 2021 UTV Production
Today, PSR PowerTALK Editor Joe Delmont presents the Power Systems Research 2021 North American Utility Vehicle production outlook. We estimate that North American wheel loader production this year will reach 440,100 units; about even with 2020 levels.
This forecast has been developed by Carol Turner, Senior Analyst – Global Operations, at Power Systems Research.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
00:06
From Power Systems Research, I’m Joe Delmont, editor of PSR PowerTALK. Today we’ll discuss a data point covering 2021 utility vehicle production in North America.
This forecast has been developed by Carol Turner, Senior Analyst of Global Operations at Power Systems Research. Carol provides annual production forecasts for important equipment applications.
00: 34
Utility vehicles, sometimes called UTVs or side-by-side machines, can accommodate up to six passengers and are primarily designed for off-road use, although they can be used for industrial activities and as personnel carriers on campuses.
00: 54
UTVs are gaining in popularity because of their flexibility and power. And are replacing ATV’s in many cases because ATV’s generally are limited to two persons seated, one behind the other and aren’t as flexible as UTVs.
01:12
In 2021, we estimate that North American UTV production will reach 440,100 units, down about 400 units, or 9%, from the 440,500 units produced last year.
01:30
About 40% of US production is exported worldwide, up to 85% of Mexico’s UTV production is for North American markets and Canada exports about 90% of its small 1700-unit production.
01:48
In 2019, North American production was 424,800 units. Production climbed almost 16,000 units, or about 4% in 2020, to that 440,500-unit level we discussed. Despite negative COVID related factors, the pandemic actually fed the demand for utility vehicles from recreational and industrial uses to military applications.
02:19
This is known as the pandemic paradox, because sales surged during lockdowns. The popularity of outdoor activities has increased, in part because of the pandemic. And people are enjoying off-road riding in the comfort and safety that is provided by UTVs.
02:39
The growth also comes from stabilization of the overall economy. Demand for products in the golf industry, federal government incentives, and the desire for new equipment with greener technology, especially within the sport and utility sectors.
02:56
Expect UTV production in North America to increase up to 5% by 2025. The leading UTV manufacturers in North America are Polaris — which has 32% of total North American production with its plants in the US and Mexico, in second position is Deere — with combined plant totals of 11.5, third is Kawasaki with 11%, just edging out Honda by only about 125 units which also has 11%.
There are nearly two dozen other manufacturers of UTVs in North America — including Arctic Cat, Clubcar, Kawasaki, Textron, Toro, and Yamaha.
03:36
This data is pulled from two of the major Power Systems Research databases, OE Link — the database of OEM production and forecast data, and EnginLink — which provides engine production forecasts and specification data.
Look for data point reports every month in the PSR PowerTrack news report and on this podcast.
Contact us for more information on other off-road products, such as mixers and agricultural equipment.
04:22
Or Google “Power Systems Research” to sign up today.
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Datapoint: 2021 Grader
Today, PSR PowerTALK Editor Joe Delmont presents the Power Systems Research 2021 North American Grader production outlook. We estimate that North American grader production this year will reach 2325 units; up about 8% from 2020 levels. This forecast has been developed by Carol Turner, senior analyst-global operations, at Power Systems Research.
Transcript
Welcome to the PSR PowerTALK podcast, produced by Power Systems Research.
From Power Systems Research I’m Joe Delmont, editor of PSR PowerTALK. Today, we’ll discuss a data point covering grader production in North America for 2021.
This forecast has been developed by Carol Turner, Senior Analyst of Global Operations at Power Systems Research. Carol provides annual production forecasts for important equipment applications.
Motor graders are used worldwide to build and maintain roads, highways, airports and other construction projects.
00:44
In 2021, we estimate that North American grader production will reach 2525 units, up about 185 units, or 8%, from the 2340 units produced last year. About 30% of this production is exported worldwide.
In 2019, North American production was 2815 units; but production dropped sharply in 2020, plunging about 17% to only 2340 units.
01:24
The decline was driven by Tier 4 pre-buying incentives and the lull in activities that used graders that are predominantly road related.
01:34
Motor graders have a long lifespan and, as a result, demand for new machinery is not always necessary; even though construction related activities focusing on road construction are ongoing.
This product segment generally is not directly affected by COVID; however, with less roadway traffic, road construction can be expedited.
02:00
Expect grader production in North America to increase up to 10% by 2025. The leading grader manufacturers in North America are Deere — which has 59% of the total North American production, followed by Caterpillar — with 37%, and Wheeler — with two percent.
This data is pulled from two of the major Power Systems Research databases — OE Link, the database of OEM production and forecast data, and EnginLink, which provides engine production forecast and specification data.
Look for DataPoint reports every month in the PSR PowerTALK news report and on this podcast.
Contact us for more information on other off-road products, such as mixers and agricultural equipment.
02:59
Or Google “Power Systems Research” to sign up today.
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GWM Opens Smart factory in Thailand, Renovates GM’s Factory
Akihiro Komuro China’s Great Wall Motor (GWM) has announced the official opening of a plant in Thailand. The company acquired the plant from General Motors (GM) in 2020 and has been working to make it smarter by installing advanced AI-based equipment. It is the company’s first smart factory to be opened in Southeast Asia. The amount of investment for the renovation has not been disclosed, but the company has indicated that it plans to invest 22.6 billion baht (about 79 billion yen) in Thailand.
The production capacity is 80,000 units per year, and it is expected to produce HVs first. In the future, the plant will also produce EVs. The company plans to allocate 60% of the vehicles produced to the Thai domestic market and 40% for export to neighboring countries in Southeast Asia and Australia.
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