The global variable speed generator market Size to Touch USD 9600 Million, and is expected to expand in size at 9.03% CAGR from 2019 to 2023 (forecast period)
— Market Analysis
The Global Variable Speed Generator Market is expected to reach the benchmark of USD 9,600 million at a staggering 9.03% CAGR over the predicted years (2018-2023). It can be credited to the dire requirement for renewable sources of energy and looming energy crisis. These electrical devices are capable of offering power source energy for moving at optimal speeds. The variable speed generators are largely used in the following industries- commercial and residential, marine, oil and gas, mining, hydroelectric power generation and renewable power generation.
There are many factors that can be linked to the growth of the Variable Speed Generator Market. Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include rising importance on alternative energy production the world over, growing urbanization and industrialization and rising government mandates on energy efficiency. On the flip side there are some factors that are likely to hamper the growth of the variable speed generator market such as limited re-investment, high capital investment and decreasing greenfield investments especially in oil, gas and mining industries.
Leading players profiled in the variable speed generator market includes
• WhisperPower B.V. (The Netherlands)
• Fischer Panda GmbH (Germany)
• HIMOINSA (Spain)
• Generac Power Systems, Inc. (U.S.)
• Innovus Power Inc. (U.S.)
• YANMAR CO., LTD. (Japan)
• ABB (Switzerland)
• GENERAL ELECTRIC (U.S.)
• Ausonia srl (Italy)
• Siemens AG (Germany)
• Cummins Inc. (U.S.)
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Atlas Copco announced about its recent innovation, QAS VSG lately at the World Trade Centre in Dubai. This latest variable speed generator will be a turning point with regards to reliability, savings and performance. It will offer improved low-load performance, a twinpower concept for MPP (Modular Power Point) applications that is containerised and fuel saving and electric LED light towers that are energy efficient from the range of HiLight.
Market Research Future report provides a comprehensive segmental analysis of the Variable Speed Generator Market on the basis of Type, Rating, Technology, Prime Mover and End-User.
Based on Type : Doubly Fed Induction Generator, Wound Induction Generator, Variable Speed Self-Excited Induction Generator and Permanent Magnet Synchronous Generator.
Based on Rating : Up to 100 KVA, 100 KVA-1 MVA, 1 MVA-25 MVA, and above 25 MVA.
Based on Technology : Power Electronics Based and Mechanical Variable Speed Generators.
Based on Prime Movers : Combustion Engines, Internal Combustion Engine, Wind Turbines and Hydro Turbines.
Based on End-Users : Commercial and Residential, Aerospace and Telecommunications, Hydroelectric Power Generation, Oil & Gas Mining, Renewable Power Generation and Marine and Shipbuilding.
Based on Region, the variable speed generator market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, the Asia Pacific region is expected to have a lion’s share and grow significantly during the forecast period. The factors that are fueling its demand in this region include modernization of the hydropower plants, slew of the renewable sources of energy, rising government mandates with regards to energy efficiency, growth of commercial sectors such as hospitals and malls and IT hubs and notable growth of the data centers.
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Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 Market Structure
2.4 Key Takeaways
2.5 Macro Factor Indicators Analysis
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
4.6 List of Assumptions
5 Market Dynamics
6 Market Factor Analysis
6.1 Value Chain Analysis
6.2 Porter’s Five Forces Model
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