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Variable Speed Generator Market | Covid-19 Impact Analysis
The Variable Speed Generator Market is Segmented by Generator Type (Variable Speed Self-Excited Induction Generator, Doubly Fed Induction Generator, Wound Rotor Induction Generator, and Permanent Magnet Synchronous Generator), by Technology Type (Power Electronics-Based Variable Speed Generators, Mechanical Variable Speed Generators), by Power Rating Type (Up to 100 Kva, 100 Kva-1 Mva, 1-25 Mva, and Above 25 Mva), by Prime Mover Type (Hydro Turbines, Wind Turbines, Steam & Gas Turbines, and Internal Combustion Engines), by End-User Type (Renewable Power Generation, Hydroelectric Power Generation, Marine & Shipbuilding, Oil, Gas, & Mining, Commercial & Residential, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Variable speed generator market is likely to witness an impressive CAGR of 9.2% during the forecast period. Rapid industrialization and urbanization, growing cognizance of renewable energy, and imposing government directives on energy efficiency are the prime factors that are underpinning the variable speed generator market globally.
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Variable Speed Generator Market - Snapshot |
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Growth |
9.2% for the next five years |
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Major Power Rating Type |
1-25 Mva |
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Major Prime Mover Type |
Internal combustion engines |
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Dominant End-User Type |
Commercial & Residential |
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Region with the highest growth |
Asia-Pacific |
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Key Players |
ABB Group, Siemens AG, Yanmar Co. Ltd., General Electric Company, Wartsila, Cummins, and Atlas Copco. |
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Based on the power rating type, the market is segmented as up to 100 Kva, 100 Kva-1 Mva, 1-25 Mva, and above 25 Mva. The 1-25 Mva segment is estimated to register the highest growth in the coming five years. The growing capacity addition in offshore wind projects is likely to drive the growth of this segment.
Based on the prime mover type, the market is segmented as hydro turbines, wind turbines, steam & gas turbines, and internal combustion engines. The internal combustion engines segment is expected to have the highest growth during the forecast period. The extensive use of variable speed generators in aerospace and marine applications are the major factors that drive the growth of this segment.
Based on the end-user type, the market is segmented as renewable power generation, hydroelectric power generation, marine & shipbuilding, oil, gas, & mining, commercial & residential, and others. The commercial & residential segment is projected to have the highest growth in the coming five years. This growth is owing to the use of variable speed gensets for commercial & residential purposes.
In terms of regions, Asia-Pacific is expected to depict the highest growth in the variable speed generator market in the coming five years. China and India are the growth engines of the region. The market is sustained by increasing power consumption and government directives on energy efficiency. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Some of the variable speed generator manufacturers are-
Variable Speed Generator is used in optimizing turbine design. It helps in tuning the wind turbine for a maximum of energy without getting limited by the speed range of the narrow generator. The generator also can store energy with the help of the battery that is there in the inverter.
Variable Speed Generator can be of various types such as variable speed self-excited induction generator, doubly-fed induction generator, wound rotor induction generator, and permanent magnet synchronous generator. The generator works based on two types and these are power electronics and mechanical variable. Hydroelectric power generation, oil, gas & mining, renewable power generation, marine & shipbuilding, and commercial are some of the industries where variable speed generators are being used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Variable Speed Generator Market Research Report - Features |
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Market Segmentation |
6 ways |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
7 |
The variable speed generator market is segmented into the following categories.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The variable speed generator market is expected to witness an impressive growth of 9.2% CAGR in the foreseeable future.
ABB Group, Siemens AG, Yanmar Co., Ltd., General Electric Company, Wartsila, Cummins, Atlas Copco are among the key players in the variable speed generator market.
Asia-Pacific is expected to witness the highest growth in the variable speed generator market during the next five years.
The commercial & residential segment is projected to have the highest growth in the coming five years.
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