Variable Speed Generator Market Overview:
The global Variable Speed Generator Market to grow at 9.03% CAGR from 2022 to 2030, due to high emphasis placed on energy-efficient products.
The rapidly increasing variable speed generator market is depending a lot on the inclusion of latest technologies, substantial backing from the growing demand for the alternative power sector, urbanization and industrialization, inspiration from government initiatives, better investment to ensure growth for research and development facility, demand for energy-efficient products, and others may secure growth for the variable speed generator market.
Segmentation:
The variable speed generator market, as studied by MRFR analysts, includes a segmentation that covers generator type, technology, prime mover, rating, and end-user. MRFR analysts have discussed them in detail to know more about changes in the market.
By generator type, the market includes a discussion of variable speed self-excited induction generator, wound induction generator, doubly-fed induction generator, and permanent magnet synchronous generator.
By power ratings of variable speed generators, the report is segmented into 100 KVA, 1 MVA-25 MVA, 100 KVA-1 MVA, and above 25 MVA.
By technology, the understanding of the variable speed generator market includes mechanical and power electronics-based variable speed generators. Various prime movers who can integrate speed generators include wind turbines, internal combustion engines, hydro turbines, and combustion engines in their system.
By end users, the variable speed generator market includes hydroelectric power generation, renewable power generation, marine and shipbuilding, oil gas mining, commercial and residential, aerospace and telecommunications, and others.
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Regional Analysis:
Development in the structure of the emerging nations is expected to boost the Asia Pacific variable speed generator market. India, China, South Korea, and others are expected to back changes.
Competitive Analysis:
The global market report on the variable speed generator market includes an analysis of companies like Siemens AG (Germany), Cummins Inc. (U.S.), ABB (Switzerland), YANMAR CO., LTD. (Japan), Ausonia SRL (Italy), GENERAL ELECTRIC (U.S.), Generac Power Systems, Inc. (U.S.), Innovus Power Inc. (U.S.), WhisperPower B.V. (The Netherlands), HIMOINSA (Spain), Fischer Panda GmbH (Germany), and others.
Industry News:
In August 2020, Atlas Copco Power Technique (AC) announced a modification in their generator lineup, where they introduced an updated version of the QAS 150 and also the QAS 200. These compact and high-performing generators are going to display all the features of QAS lineup, which includes a corrosion-resistant canopy, fuel efficiency, portability, simple service, and paralleling capabilities. These machines come with a robust John Deere 6068 Tier IV Final diesel engine, which makes them ideal for several applications. These generators are capable of offering a stable connection even in adverse weather conditions.
In September 2020, Emerson announced about the introduction of its Branson GCX Series of ultrasonic generators, which come with user-friendly digital controls, advanced features, and technology to precisely control the delivery of ultrasonic energy for precision cleaning systems that find significant application in electronic, automotive, medical, and other industries. Its design is 15% smaller than its predecessor—the S8000 Series—and has a 5-inch color human-machine interface (HMI) touchscreen. It eliminated the use of various analog switch buttons and replaced them with digitized versions. It also offers full variable power control.
During the COVID-19 crisis, the demand for steady electricity supply was necessary. This spurred the demand for such tools. In addition, government initiatives to build more facilities also created scope for the market to expand its presence.
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