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[ 英語タイトル ] Variable Speed Generator Market by Type (Permanent Magnet, Doubly Fed Induction, Self-Excitation Induction, Wound Rotor Induction), Prime Mover (Wind, Hydro, Steam & Gas Turbine, Ic Engine), Technology, Power, End-User, Region – Global Forecast to 2022


Product Code : MNMEP00109340
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Energy and Power
Study Area : Global
Report format : PDF
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[Report Description]

“The variable speed generator market is projected to grow at a CAGR of 7.63%, from 2017 to 2022.”
The global variable speed generator market is estimated at USD 5.79 billion in 2017 and is projected to grow at a CAGR of 7.63% to reach USD 8.36 billion by 2022. This growth is primarily due to the increasing emphasis on alternative energy production, increasing government mandates over energy efficiency, and growing industrialization and urbanization. Although some cost bearing constraints in the installation of variable speed generators are being observed, still emerging economies are expected to create better opportunities for the variable speed generator market for hybrid energy systems and HVAC systems. Decreasing greenfield investments is expected to be a major challenge for the growth of this market.
“The internal combustion engine segment is expected to grow at the highest CAGR.”
With regards to the prime mover segment, internal combustion engine driven variable speed generators are expected to grow at the highest CAGR during the forecast period. The market is primarily driven by the increasing investments in aerospace, marine, and shipbuilding industry. The implementation of variable speed gensets reduces the operation and maintenance cost of the internal combustion engines. These gensets have 20-30% less fuel consumption and optimal running efficiency at variable load.
“Asia Pacific: The largest market for variable speed generators.”
Asia Pacific is expected to account for the largest market share of the global variable speed generator market in 2017. This trend is projected to continue till 2022. The increasing urbanization and industrialization in this region is leading to the higher demand for power. To cater to this demand and meet the energy efficiency mandates, APAC countries are focusing on power generation through renewable energy sources. Offshore wind forms an integral part of the renewable-based power generation. Therefore, countries such as China and Japan are moving toward offshore wind energy. Countries such as South Korea, Taiwan, and Japan are looking for alternative sources of energy to diversify their energy mixes to reduce CO2 emissions. Technological advances and clean energy consumption would further propel wind power deployment and open up opportunities in the emerging APAC markets. Moreover, favorable supportive schemes, investments in grid infrastructure to maximize power generation from wind, and foreign direct investment would attract investors to the wind power industry. At the Asia Clean Energy Summit in Singapore, in 2017, it was noted that South-East Asia is a suitable market for renewable energy development as it offers a favorable climate for solar and wind energy generation. According to the International Energy Agency, energy demand in South-East Asia has grown by 60% over the last 15 years. Hence, increase in the consumption of energy followed by an increase in investments in renewable energy, rapid growth of data centers, and growth of IT hubs and commercial sectors such as malls and hospitals are driving the variable speed generator market in Asia Pacific.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 17%, Tier 2- 46%, Tier 3- 37%
By Designation: C–Level- 25%, Director Level- 43%, Others- 32%
By Region: North America-27%, Europe-31%, Asia Pacific-23%, South America-6%, Middle East-10%, and Africa-3%

Some of the prominent players in the market include ABB (Switzerland), GE (US), Siemens (Germany), Wartsila (Finland), Cummins (US), and Rolls Royce (UK).
Research Coverage:
The report defines, describes, and forecasts the global variable speed generator market by generator type, technology type, prime mover, power rating, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.
Why buy this report?
1. The report identifies and addresses key markets for variable speed generator, which would help suppliers review the growth in the demand for the product.
2. The report helps solution providers understand the pulse of the market, and provide insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 REGIONAL SCOPE 14
1.3.3 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 15
1.5 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 20
2.1.2.3 Breakdown of primaries 20
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 21
2.2.2 TOP-DOWN APPROACH 22
2.3 DATA TRIANGULATION 23
2.4 LIMITATIONS 24
2.5 RESEARCH ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 31
4.1 ATTRACTIVE OPPORTUNITIES IN THE VARIABLE SPEED GENERATOR MARKET 31
4.2 ASIA PACIFIC VARIABLE SPEED GENERATOR MARKET SIZE, BY PLANT TYPE & BY COUNTRY 32
4.3 VARIABLE SPEED GENERATOR MARKET, BY COUNTRY 33
4.4 VARIABLE SPEED GENERATOR MARKET, BY POWER RATING 33
4.5 VARIABLE SPEED GENERATOR MARKET, BY GENERATOR 34

5 MARKET OVERVIEW 35
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 Growing share of renewable power generation and increasing government mandates 37
5.2.1.2 Rising need for energy efficiency 38
5.2.1.3 Increasing urbanization and industrialization 39
5.2.2 RESTRAINTS 40
5.2.2.1 Reluctance to spend on distributed generation 40
5.2.3 OPPORTUNITIES 40
5.2.3.1 Robust growth in HVAC systems 40
5.2.3.2 Renovation, Modernization and Uprating of outdated power infrastructure 41
5.2.3.3 Applications in hybrid energy systems 42
5.2.4 CHALLENGES 42
5.2.4.1 Decreasing greenfield investments in mining and oil & gas industry 42
6 VARIABLE SPEED GENERATOR MARKET, BY GENERATOR TYPE 43
6.1 INTRODUCTION 44
6.2 VARIABLE SPEED SELF EXCITED INDUCTION GENERATOR (SEIG) 45
6.3 DOUBLY FED INDUCTION GENERATOR (DFIG) 45
6.4 WOUND ROTOR INDUCTION GENERATOR (WRIG) 46
6.5 PERMANENT MAGNET SYNCHRONOUS GENERATOR (PMSG) 47
7 VARIABLE SPEED GENERATOR MARKET, BY TECHNOLOGY TYPE 48
7.1 INTRODUCTION 49
7.2 POWER ELECTRONICS-BASED VARIABLE SPEED GENERATORS 50
7.3 MECHANICAL VARIABLE SPEED GENERATORS 51
8 VARIABLE SPEED GENERATOR MARKET, BY POWER RATING 52
8.1 INTRODUCTION 53
8.2 UP TO 100 KVA 54
8.3 100 KVA–1 MVA 54
8.4 1–25 MVA 55
8.5 ABOVE 25 MVA 56
9 VARIABLE SPEED GENERATOR MARKET, BY PRIME MOVER 57
9.1 INTRODUCTION 58
9.2 HYDRO TURBINES 59
9.3 WIND TURBINES 59
9.4 STEAM & GAS TURBINES 60
9.5 INTERNAL COMBUSTION ENGINES 61
10 VARIABLE SPEED GENERATOR MARKET, BY END-USER 63
10.1 INTRODUCTION 64
10.2 RENEWABLE POWER GENERATION 65
10.3 HYDROELECTRIC POWER GENERATION 66
10.4 MARINE & SHIPBUILDING 67
10.5 OIL, GAS, & MINING 68
10.6 COMMERCIAL & RESIDENTIAL 69
10.7 OTHERS 70
11 VARIABLE SPEED GENERATOR MARKET, BY REGION 71
11.1 INTRODUCTION 72
11.2 NORTH AMERICA 74
11.2.1 US 75
11.2.2 CANADA 76
11.2.3 MEXICO 77
11.3 ASIA PACIFIC 78
11.3.1 CHINA 81
11.3.2 JAPAN 82
11.3.3 INDIA 83
11.3.4 SOUTH KOREA 84
11.3.5 AUSTRALIA 85
11.3.6 REST OF ASIA PACIFIC 86
11.4 EUROPE 87
11.4.1 GERMANY 90
11.4.2 UK 91
11.4.3 FRANCE 92
11.4.4 SPAIN 93
11.4.5 SWEDEN 94
11.4.6 NORWAY 95
11.4.7 RUSSIA 96
11.4.8 REST OF EUROPE 96
11.5 SOUTH AMERICA 97
11.5.1 BRAZIL 98
11.5.2 ARGENTINA 99
11.5.3 CHILE 100
11.5.4 REST OF SOUTH AMERICA 101

11.6 MIDDLE EAST & AFRICA 102
11.6.1 SAUDI ARABIA 103
11.6.2 UAE 104
11.6.3 SOUTH AFRICA 104
11.6.4 REST OF THE MIDDLE EAST & AFRICA 105
12 COMPETITIVE LANDSCAPE 107
12.1 OVERVIEW 107
12.2 RANKING OF PLAYERS & INDUSTRY CONCENTRATION, 2016 108
12.3 COMPETITIVE SCENARIO 109
12.3.1 CONTRACTS & AGREEMENTS 110
12.3.2 NEW PRODUCT LAUNCHES 111
12.3.3 MERGERS & ACQUISITIONS 111
12.3.4 PARTNERSHIPS 112
13 COMPANY PROFILES 113
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 BENCHMARKING 113
13.2 ABB 114
13.3 SIEMENS 118
13.4 YANMAR 121
13.5 GE 123
13.6 WHISPERPOWER 126
13.7 ROLLS ROYCE 129
13.8 WARTSILA 132
13.9 INNOVUS POWER 135
13.10 CUMMINS 137
13.11 AUSONIA 139
13.12 GENERAC 140
13.13 ATLAS COPCO 142
13.14 FISCHER PANDA 144
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX 146
14.1 INSIGHTS OF INDUSTRY EXPERTS 146
14.2 DISCUSSION GUIDE 147
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 150
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 152
14.5 AVAILABLE CUSTOMIZATIONS 153
14.6 RELATED REPORTS 153
14.7 AUTHOR DETAILS 154

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