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The variable
speed generator marketis growing rapidly.
Variable speed generators offer attributes, such as rugged built, lightweight,
cost efficiency & work efficiency, and reliably low after-sale maintenance,
increasing the market demand.
According to Market Research Future
(MRFR), the global variable speed generator market is estimated to grow to USD
14.15 BN by 2032, registering a 9.03% CAGR during the forecast period (2023-2032).
With the continual rise in end-use
industries, such as renewable power generation and others, the market is
projected to witness significant traction over the next few years.
The introduction of innovative
technologies that can enhance safety & performance while declining
component prices has exponentially increased the sales of variable speed
generators. Conversely, non-suitable applications where these motors need a high
load to start are major applications projected to impede the market growth.
Nevertheless, future technological upgrades would support market growth
throughout the forecast period.
Major Players
Players leading the global variable
speed generator market are
·
Cummins
Inc. (U.S.)
·
Siemens AG
(Germany)
·
Ausonia srl
(Italy)
·
GENERAL
ELECTRIC (U.S.)
·
ABB
(Switzerland)
·
YANMAR CO.
LTD. (Japan)
·
Innovus
Power Inc. (U.S.)
·
Generac
Power Systems Inc. (U.S.)
·
HIMOINSA
(Spain)
·
Fischer
Panda GmbH (Germany)
·
WhisperPower
B.V. (The Netherlands)
Global Variable Speed Generator
Market – Segments
Variable Speed Generator Type
Outlook
·
Variable
Speed-Self Excited Induction Generator
·
Doubly Fed
Induction Generator
·
Wound Rotor
Induction Generator
·
Permanent
Magnet Synchronous Generator
Variable Speed Generator Rating Type
Outlook
·
Up to 100
KVA
·
100 KVA-1
MVA
·
1 MVA-25MVA
·
Above 25
MVA
Variable Speed Generator Technology
Outlook
·
Power
Electronics-based Variable Speed Generators
·
Mechanical
Variable Speed Generators
Variable Speed Generator Prime Mover
Outlook
·
Internal
Combustion Engines
·
Hydro
Turbines
·
Steam &
Gas Turbines
·
Wind
Turbines
Variable Speed Generator End-User
Outlook
·
Hydroelectric
Power Generation
·
Renewable
Power Generation
·
Oil &
Gas And Mining
·
Aerospace
And Telecommunications
·
Marine And
Shipbuilding
·
Commercial
And Residential
Variable Speed Generator Market
– Regional Analysis
The Asia Pacific region dominates the
global Variable
frequency generator market size. Factors such as
increasing government mandates to propel energy efficiency, a slew of renewable
energy sources, and modernization of hydropower plants drive the market growth.
Besides, the high demand and production rate of variable speed generators
substantiate the market size.
Global Variable Speed Generator
Market – Competitive Analysis
Highly competitive, the variable speed
generator market appears to be fragmented due to several well-established
players accounting for a substantial market share. Players incorporate
strategic approaches such as mergers & acquisitions, collaborations,
expansions, and product & technology launches to gain substantial
competitive advantage.
Industry/ Innovation/ Related
News
June 07, 2021 --- The two generating units of the 132 MW Torrejon
pumped-storage hydroelectric facility in Spain will be modernised, according to
a deal signed by Iberdrola and Indar (Spain), a global leader in rotating
electrical equipment, motors, and generators. The plant would be upgraded to
operate at full power and variable speed as part of the upgrading.
Due to INDAR's high level of
operational flexibility, hydropower plants are being used more flexibly and the
stability of Europe's electric power networks is rising.
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