Industry Insight
The study on the Variable Speed Generator Market 2020 by Market Research Future has been conducted with current proceeding within the energy & power industry. The report also refers to the influence of the novel COVID-19 pandemic on the market. The study offers a transparent assessment of the projected market fluctuations during the forecast period (2020-2027) at a towering pace while anticipating a valuation surpassing USD 9,600 million by 2027.
Variable Speed Generator Market: Top Impacting Factors
A variable speed generator is specially engineered to work over a wide range of rotor speeds. The reason to vary the rotor speed is to confine the maximum input from diverse driver sources. This arrangement is suitable for alternate energy systems, such as wind turbines, where the power source is not invariable. The wind turbine can be tuned for maximum energy capture and is not limited by a narrow generator speed range.
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Fast industrialization and urbanization are factors touted to predict the variable speed generator market to boost. The variable speed generator market is likely to expand in the forecast period owing to motivating factors such as the escalating need for energy efficiency. The escalating demand for renewable power generation is further expected to sponsor market growth for the future. Deficiency of fuel efficiency and managing variable loads is driving the variable speed generator market. Intensifying energy requirements and growing dependency on imported fossil fuel have paved the way for innovation in the variable speed generator domain.
Furthermore, technology has developed an innovative variable speed generator technology (patent pending) that enable applications where power demand varies widely to profit from the new technology that maintains constant voltage and frequency while adjusting the generator stator speed to power demand. The recently launched variable speed generator is now installed with lithium battery combined with the latest technology which offers performance, operational savings, and reliability.
On the contrary, the factor of declining Greenfield investments is a chief challenge for the variable speed generator market in the forecast period. At the same time, robust growth in HVAC systems is possible to offer outstanding opportunities for the variable speed generator market in the coming years to expand.
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.

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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.

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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