Report Code: A12093 | Pages: NA | ||
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Variable speed generator produces exactly 230VAC electrical voltage directly from a boat or vehicle engine, independent of engine speed. The power output depends upon the speed of the engine. It ensures a constant power output even with reduced engine speed. These generator systems include a permanent magnet generator combined with an electronic inverter, making them compact and efficient than wound-rotor or induction generators. There is no exciter, which saves space and power. The high-frequency design permits short-end windings on the stator for reduced winding losses and space, which reduces requirements for output power filters. Due to the modest losses, cooling requirements can be reduced for greater power and packaging savings. It ensures consistent power output with reduced engine speed and also optimizes the turbine design. The surge in need for renewable energy sources and increase in the demand for energy generates the demand for variable speed generators. The government initiatives to support the renewable energy sources are expected to boost the growth of the variable speed generator market. .
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered | Generator Type, Technology, Primer Mover Type, End User, and Region |
 Regions Covered |  North America  Europe  Asia-Pacific  LAMEA |
 Companies Covered | ABB Group, Siemens AG, Yanmar Co., Ltd., General Electric Company, Wartsila, Cummins, Atlas Copco UK Holdings Ltd., Innovus Power, Inc., WhisperPower B.V, Fischer Panda GmbH. |
Covid-19 Impact Analysis
Top Impacting Factor
The growth in the market for variable speed generators is primarily due to the increase in emphasis on alternative energy production, increase in government mandates over energy efficiency, and developments in industrialization & urbanization. The use of variable speed generator in the internal combustion engine reduces the operation and maintenance cost. Fuel consumption decreases with the increase in the engine efficiency. However, the high-cost investment and limited re-investment on the variable speed generator has been a major constraint for market. The decrease in greenfield investment has been a challenge for the variable speed generators. The internal combustion engine driven variable speed generators are anticipated to experience an increase in demand owing to rise in growth rate of internal combustion engine. There is an increase in the demand for high power attributed to urbanization and industrialization, which will result in the increase in the usage of energy efficient variable generator. The demand is expected to increase in the near future. The growth in the renewable energy demand is anticipated to boost the market growth.
Market Trend
Key Segments Covered
Generator Type
Technology
Prime Mover Type
End User
Region
Key Benefits of the Report
Variable Speed Generator Market Report Highlights
Aspects | Details |
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By Generator Type |
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By Technology |
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By Prime Mover Type |
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By End User |
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By Region |
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Key Market Players | ABB, Kohler Co., Toshiba, Honeywell, Siemens, Alstom, Mitsubishi Electric, General Electric, GEC Alsthom, Fuji Electric |
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