Market Overview:
The global variable speed generator market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for renewable power generation and the rising awareness about energy efficiency across the globe. Based on type, the global variable speed generator market is segmented into self-excited induction generators (SEIGs), doubly fed induction generators (DFIGs), wound rotor induction generators (WRIGs), and permanent magnet synchronous generators (PMSGs). The SEIG segment is expected to hold the largest share of the global variable speed generator market in 2018. This can be attributed to their high efficiency and low cost of ownership. However, PMSG-based systems are expected to witness highest growth during the forecast period owing to their superior performance characteristics such as high efficiency, low emissions, and quick response time.
Product Definition:
A variable speed generator is a type of electrical generator that can change its rotational speed, and hence its output voltage and frequency, as needed to match the current demand. This flexibility allows for more efficient operation by matching the generator's output to the load requirements, rather than forcing the load to operate at the fixed speed of a traditional synchronous generator. Variable speed generators are commonly used in wind turbines and hybrid electric vehicles.
Variable Speed-Self Excited Induction Generator (SEIG):
The variable speed-self excited induction generator (SEIG) is a device used to generate electrical energy using the principle of electromagnetic induction. The variable speed generator varies the frequency and power level of the output current according to need, which makes it an ideal solution for applications requiring fluctuating power supply such as data centers.
The global Variable Speed Generator market was valued at USD 1,849.7 million in 2016.
Doubly Fed Induction Generator (DFIG):
Doubly Fed Induction Generator (DFIG) is a device used to convert the conventional power supply frequency to double its original frequency. It's major applications are in variable speed generators and power supplies.
Theory of operation: A conventional generator produces an electrical current by spinning a magnet within a coil, which creates electromagnetic fields that interact with the receiver antenna to produce radio-frequency energy.
Application Insights:
The variable speed generator finds applications in various sectors such as renewable power generation, hydroelectric power generation, marine and shipbuilding, oil & gas and mining, commercial and residential. The application segment is further divided into onshore and offshore wind energy projects.
On the basis of application type the market has been segmented into renewable power generation; hydroelectric power generation; marine; coal to liquid (CTL) project development; oil & gas sector including shale gas projects development; commercial/residential sector including healthcare centers, data centers etc.; government/military installations etc.; transportation sector including railways line maintenance etc.; heavy industry sectors such as aluminum smelters etc.; light industry sectors such as food processing plants et al. ¢â‚¬ËœOthers¢â‚¬â„¢ includes industrial machinery manufacturing facilities along with their auxiliary services e.g., process control systems used for monitoring machine operations or system status for quality control purposes).
Regional Analysis:
Europe accounted for the largest market share of over 35% in 2017. The region is expected to dominate the global VAR market over the forecast period, owing to increasing demand from end-users such as renewable power generation, oil & gas and mining. In addition, rising environmental concerns are anticipated to drive regional growth through 2025.
The Asia Pacific is projected to be one of the fastest growing regions with a CAGR exceeding 5% during the forecast period owing to rapid economic development in countries such as China and India along with other Southeast Asian nations.
North America was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives for renewable energy sources
- Rising concerns over climate change and its impact on the environment
- Development of smart grids and microgrids
- Growing popularity of electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Variable Speed Generator Market Research Report
By Type
Variable Speed-Self Excited Induction Generator (SEIG), Doubly Fed Induction Generator (DFIG), Wound Rotor Induction Generator (WRIG), Permanent Magnet Synchronous Generator (PMSG)
By Application
Renewable Power Generation, Hydroelectric Power Generation, Marine and Shipbuilding, Oil & Gas and Mining, Commercial and Residential, Others
By Companies
ABB, Siemens, Yanmar, GE, Whisperpower, Rolls Royce, Wartsila, Innovus Power, Cummins, Ausonia, ABB, Atlas Copco, Fischer Panda
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Variable Speed Generator Market Report Segments:
The global Variable Speed Generator market is segmented on the basis of:
Types
Variable Speed-Self Excited Induction Generator (SEIG), Doubly Fed Induction Generator (DFIG), Wound Rotor Induction Generator (WRIG), Permanent Magnet Synchronous Generator (PMSG)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Renewable Power Generation, Hydroelectric Power Generation, Marine and Shipbuilding, Oil & Gas and Mining, Commercial and Residential, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Yanmar
- GE
- Whisperpower
- Rolls Royce
- Wartsila
- Innovus Power
- Cummins
- Ausonia
- ABB
- Atlas Copco
- Fischer Panda
Highlights of The Variable Speed Generator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Variable Speed-Self Excited Induction Generator (SEIG)
- Doubly Fed Induction Generator (DFIG)
- Wound Rotor Induction Generator (WRIG)
- Permanent Magnet Synchronous Generator (PMSG)
- By Application:
- Renewable Power Generation
- Hydroelectric Power Generation
- Marine and Shipbuilding
- Oil & Gas and Mining
- Commercial and Residential
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Variable Speed Generator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A variable speed generator (VSG) is a power generation device that can vary the output speed of an electric motor. This allows for more efficient use of energy and improved performance in applications such as industrial machinery, transportation systems, and medical equipment.
Some of the major companies in the variable speed generator market are ABB, Siemens, Yanmar, GE, Whisperpower, Rolls Royce, Wartsila, Innovus Power, Cummins, Ausonia, ABB, Atlas Copco, Fischer Panda.
The variable speed generator market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Variable Speed Generator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Variable Speed Generator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Variable Speed Generator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Variable Speed Generator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Variable Speed Generator Market Size & Forecast, 2020-2028
4.5.1 Variable Speed Generator Market Size and Y-o-Y Growth
4.5.2 Variable Speed Generator Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Variable Speed-Self Excited Induction Generator (SEIG)
5.2.2 Doubly Fed Induction Generator (DFIG)
5.2.3 Wound Rotor Induction Generator (WRIG)
5.2.4 Permanent Magnet Synchronous Generator (PMSG)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Renewable Power Generation
6.2.2 Hydroelectric Power Generation
6.2.3 Marine and Shipbuilding
6.2.4 Oil & Gas and Mining
6.2.5 Commercial and Residential
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Variable Speed Generator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Variable Speed Generator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Variable Speed-Self Excited Induction Generator (SEIG)
9.6.2 Doubly Fed Induction Generator (DFIG)
9.6.3 Wound Rotor Induction Generator (WRIG)
9.6.4 Permanent Magnet Synchronous Generator (PMSG)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Renewable Power Generation
9.10.2 Hydroelectric Power Generation
9.10.3 Marine and Shipbuilding
9.10.4 Oil & Gas and Mining
9.10.5 Commercial and Residential
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Variable Speed-Self Excited Induction Generator (SEIG)
10.6.2 Doubly Fed Induction Generator (DFIG)
10.6.3 Wound Rotor Induction Generator (WRIG)
10.6.4 Permanent Magnet Synchronous Generator (PMSG)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Renewable Power Generation
10.10.2 Hydroelectric Power Generation
10.10.3 Marine and Shipbuilding
10.10.4 Oil & Gas and Mining
10.10.5 Commercial and Residential
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Variable Speed-Self Excited Induction Generator (SEIG)
11.6.2 Doubly Fed Induction Generator (DFIG)
11.6.3 Wound Rotor Induction Generator (WRIG)
11.6.4 Permanent Magnet Synchronous Generator (PMSG)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Renewable Power Generation
11.10.2 Hydroelectric Power Generation
11.10.3 Marine and Shipbuilding
11.10.4 Oil & Gas and Mining
11.10.5 Commercial and Residential
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Variable Speed-Self Excited Induction Generator (SEIG)
12.6.2 Doubly Fed Induction Generator (DFIG)
12.6.3 Wound Rotor Induction Generator (WRIG)
12.6.4 Permanent Magnet Synchronous Generator (PMSG)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Renewable Power Generation
12.10.2 Hydroelectric Power Generation
12.10.3 Marine and Shipbuilding
12.10.4 Oil & Gas and Mining
12.10.5 Commercial and Residential
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Variable Speed-Self Excited Induction Generator (SEIG)
13.6.2 Doubly Fed Induction Generator (DFIG)
13.6.3 Wound Rotor Induction Generator (WRIG)
13.6.4 Permanent Magnet Synchronous Generator (PMSG)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Renewable Power Generation
13.10.2 Hydroelectric Power Generation
13.10.3 Marine and Shipbuilding
13.10.4 Oil & Gas and Mining
13.10.5 Commercial and Residential
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Variable Speed Generator Market: Competitive Dashboard
14.2 Global Variable Speed Generator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Yanmar
14.3.4 GE
14.3.5 Whisperpower
14.3.6 Rolls Royce
14.3.7 Wartsila
14.3.8 Innovus Power
14.3.9 Cummins
14.3.10 Ausonia
14.3.11 ABB
14.3.12 Atlas Copco
14.3.13 Fischer Panda
