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Variable Power Generator Market

Variable Power Generator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Variable Power Generator: Introduction

  • Variable power generator permits the power source to rotate at its optimal speed when the power source is not constant. Variable power generator allows better specific fuel consumption, less power consumption, reduced wear on the main engine component, reduced vibration-related problem, and less cavitation, and is used mostly as an alternative for high line power.

Key Drivers of Global Variable Power Generator Market

  • The variable power generator market is driven by the lack of fuel efficiency and managing variable loads in various constant power generators. Rising energy requirements and growing dependency on imported fossil fuel have led to the way for innovation in the variable power generator sector.
  • Innovation in the field of technology has developed variable power generator that allows applications where power demand varies widely to benefit from the new technology that maintains constant voltage and frequency while adjusting the generator stator speed to power demand. Variable speed generator can be installed with lithium battery combined with the latest technology which offers operational savings, performance, and reliability.

IC Engine Prime Mover Segment to Dominate Global Market

  • The IC engine segment is expected to grow at the significant CAGR during the forecast period. The increasing implementation of variable power generators for aerospace and marine applications is expected to drive the market.

Marine and Shipbuilding End-user Segment to Dominate Global Market

  • The increasing capacity addition in offshore wind projects and commercialization of high power rated permanent magnet synchronous generators will create new revenue is expected to enhance the market growth for marine and shipbuilding segment.
  • The commercial and residential segment is expected to grow at the significant growth rate during the forecast period. This segment is primarily driven by the growing demand for efficient variable power standby generator for commercial and residential applications across the globe.

Covid-19 Impact on Variable Power Generator Market

  • Halted manufacturing activities across various end-use industries has led to weakened production and demand for various products. Furthermore, reduction in the construction activities and manufacturing capacities have lowered the demand for generators, which has negatively impacted the market for variable power generator. However slowly recovery of the economies and the stability across the market depending on the course of COVID-19's prevalence and subsequent resuming of manufacturing activities is expected to enhance the demand for variable power generator in 2021.

Asia Pacific to Hold Significant Share of Global Variable Power Generator Market

  • In terms of region, the global variable power generator market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is expected to account for the major market share of the global variable power generator market. Increasing urbanization and industrialization in this region is leading to the higher demand for power. To cater to this demand, countries in Asia Pacific are focusing on power generation through various sources including variable power generators.
  • Technological advancement and clean energy consumption would further propel wind power deployment and open up opportunities for use of variable power generator in Asia Pacific.
  • Europe and North America market is projected to grow at a considerable CAGR during the forecast period. The high demand from various end-use industries such as construction, marine, oil & gas coupled with presence of the leading industry participants are contributing to market growth in the region.

Key Players Operating in the Market

High capital investment and limited re-investment could act as restraints for the market. Furthermore, contracts & agreements was the most commonly adopted strategy by the top players. Key players operating in the global variable power generator market include:

  • ABB
  • Siemens AG
  • Fischer Panda GmbH
  • Cummins Inc.
  • WhisperPower B.V.

Global Variable Power Generator Market: Research Scope

Global Variable Power Generator Market, by Technology

  • Power Electronics
  • Mechanical

Global Variable Power Generator Market, by Prime Mover

  • Wind Turbine
  • Hydro Turbine
  • Steam and Gas Turbine
  • IC (Internal Combustion) Engine

Global Variable Power Generator Market, by End-user

  • Renewable Power Generation
  • Hydroelectric Power Generation
  • Marine and Shipbuilding
  • Oil & Gas and Mining
  • Commercial and Residential
  • Others

Global Variable Power Generator Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
Variable Power Generator Market

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