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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

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

“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.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • REGIONAL SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • LIMITATIONS
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table VARIABLE SPEED GENERATOR MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE VARIABLE SPEED GENERATOR MARKET
    • ASIA PACIFIC VARIABLE SPEED GENERATOR MARKET SIZE, BY PLANT TYPE & BY COUNTRY
    • VARIABLE SPEED GENERATOR MARKET, BY COUNTRY
    • VARIABLE SPEED GENERATOR MARKET, BY POWER RATING
    • VARIABLE SPEED GENERATOR MARKET, BY GENERATOR
  • MARKET OVERVIEW
    • INTRODUCTION
      • Table COMPARISON BETWEEN CONSTANT SPEED GENERATORS & VARIABLE SPEED GENERATORS
    • MARKET DYNAMICS
      • DRIVERS
        • Table GLOBAL WEIGHTED AVERAGE RENEWABLE INVESTMENT COSTS, 2015 & 2025
        • Table URBAN POPULATION, PROPORTION URBAN, & AVERAGE ANNUAL RATE OF CHANGE OF THE PROPORTION URBAN, BY REGION, 1990, 2014, 2050
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • VARIABLE SPEED GENERATOR MARKET, BY GENERATOR TYPE
    • INTRODUCTION
      • Table VARIABLE SPEED GENERATOR MARKET SIZE, BY GENERATOR TYPE, 2015–2022 (USD MILLION)
    • VARIABLE SPEED SELF EXCITED INDUCTION GENERATOR (SEIG)
      • Table SEIG: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • DOUBLY FED INDUCTION GENERATOR (DFIG)
      • Table DFIG: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • WOUND ROTOR INDUCTION GENERATOR (WRIG)
      • Table WRIG: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • PERMANENT MAGNET SYNCHRONOUS GENERATOR (PMSG)
      • Table PMSG: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • VARIABLE SPEED GENERATOR MARKET, BY TECHNOLOGY TYPE
    • INTRODUCTION
      • Table VARIABLE SPEED GENERATOR MARKET SIZE, BY GENERATOR TYPE, 2015–2022 (USD BILLION)
    • POWER ELECTRONICS-BASED VARIABLE SPEED GENERATORS
      • Table POWER ELECTRONICS-BASED VARIABLE SPEED GENERATORS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • MECHANICAL VARIABLE SPEED GENERATORS
      • Table MECHANICAL VARIABLE SPEED GENERATORS MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • VARIABLE SPEED GENERATOR MARKET, BY POWER RATING
    • INTRODUCTION
      • Table VARIABLE SPEED GENERATOR MARKET SIZE, BY POWER RATING, 2015–2022 (USD BILLION)
    • UP TO 100 KVA
      • Table UP TO 100 KVA: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • 100 KVA–1 MVA
      • Table 100 KVA–1 MVA: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • 1–25 MVA
      • Table 1–25 MVA: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • ABOVE 25 MVA
      • Table ABOVE 25 MVA: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • VARIABLE SPEED GENERATOR MARKET, BY PRIME MOVER
    • INTRODUCTION
      • Table VARIABLE SPEED GENERATOR MARKET SIZE, BY PRIME MOVER, 2015–2022 (USD MILLION)
    • HYDRO TURBINES
      • Table HYDRO TURBINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • WIND TURBINES
      • Table WIND TURBINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • STEAM & GAS TURBINES
      • Table STEAM & GAS TURBINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • INTERNAL COMBUSTION ENGINES
      • Table INTERNAL COMBUSTION ENGINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
      • Table INTERNAL COMBUSTION ENGINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY POWER RATING, 2015–2022 (USD MILLION)
      • Table INTERNAL COMBUSTION ENGINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
  • VARIABLE SPEED GENERATOR MARKET, BY END-USER
    • INTRODUCTION
      • Table VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
    • RENEWABLE POWER GENERATION
      • Table RENEWABLE POWER GENERATION: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • HYDROELECTRIC POWER GENERATION
      • Table HYDROELECTRIC POWER GENERATION: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • MARINE & SHIPBUILDING
      • Table MARINE & SHIPBUILDING: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • OIL, GAS, & MINING
      • Table OIL, GAS, & MINING: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • COMMERCIAL & RESIDENTIAL
      • Table COMMERCIAL & RESIDENTIAL: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
  • VARIABLE SPEED GENERATOR MARKET, BY REGION
    • INTRODUCTION
      • Table VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table NORTH AMERICA: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • US
        • Table US: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • CANADA
        • Table CANADA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • MEXICO
        • Table MEXICO: VARIABLE SPEED GENERATOR MARKET SIZE, BY END USER, 2015–2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table ASIA PACIFIC: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table ASIA PACIFIC: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • CHINA
        • Table CHINA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • JAPAN
        • Table JAPAN: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • INDIA
        • Table INDIA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • AUSTRALIA
        • Table AUSTRALIA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table EUROPE: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • Table EUROPE: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • GERMANY
        • Table GERMANY: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • UK
        • Table UK: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • FRANCE
        • Table FRANCE: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • SPAIN
        • Table SPAIN: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • SWEDEN
        • Table SWEDEN: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • NORWAY
        • Table NORWAY: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • RUSSIA
        • Table RUSSIA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • BRAZIL
        • Table BRAZIL: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • CHILE
        • Table CHILE: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • UAE
        • Table UAE: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
      • REST OF THE MIDDLE EAST & AFRICA
        • Table REST OF THE MIDDLE EAST & AFRICA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING OF PLAYERS & INDUSTRY CONCENTRATION, 2016
    • COMPETITIVE SCENARIO
      • Table MARKET DEVELOPMENTS BETWEEN 2014 & 2017
      • CONTRACTS & AGREEMENTS
      • NEW PRODUCT LAUNCHES
      • MERGERS & ACQUISITIONS
      • PARTNERSHIPS
  • COMPANY PROFILES
    • BENCHMARKING
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIEMENS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • YANMAR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WHISPERPOWER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ROLLS ROYCE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WARTSILA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INNOVUS POWER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CUMMINS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AUSONIA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • GENERAC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ATLAS COPCO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FISCHER PANDA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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