Press release
Variable Speed Generator Industry Global Trends and Market Forecasts to Grow at a CAGR of 7.63% by 2022
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The global variable speed generator market is estimated at US$ 5.79 Billion in 2017 and is projected to grow at a CAGR of 7.63% to reach US$ 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.
Top Key Players in this “Variable Speed Generator Market” include are
• ABB (Switzerland)
• GE (US)
• Siemens (Germany)
• Wartsila (Finland)
• Cummins (US)
• Rolls Royce (UK)
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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.
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
The Study Objectives of this report are:
• To strategically analyze the variable speed generator industry with respect to individual growth trends, future expansions, and contributions to the market
• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
• To forecast the growth of the variable speed generator market with respect to the major regions (Asia Pacific, Europe, North America, South America, and the Middle East & Africa)
• To strategically profile key players and comprehensively analyze their market rankings and core competencies
• To analyze competitive developments, such as new product launches, mergers & acquisitions, expansions and investments, and contracts & agreements in the variable speed generator industry
Target Audience
• Companies related to electric power generation
• Banks, venture capitalists, financial institutions, and other investors
• State and national regulatory authorities
• Energy associations
• Environment associations
• Energy efficiency consultants
• Government and industry associations
• Government and research organizations
• Manufacturing industry
• Power plant project developers
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List of Tables
1 Variable Speed Generator Market Snapshot
2 Comparison Between Constant Speed Generators & Variable Speed Generators
3 Global Weighted Average Renewable Investment Costs, 2015 & 2025
4 Urban Population, Proportion Urban, & Average Annual Rate of Change of the Proportion Urban, By Region, 1990, 2014, 2050
5 Variable Speed Generator Market Size, By Generator Type, 2015–2022 (USD Million)
6 Seig: Variable Speed Generator Market Size, By Region, 2015–2022 (USD Million)
7 Dfig: Variable Speed Generator Market Size, By Region, 2015–2022 (USD Million)
8 Wrig: Variable Speed Generator Market Size, By Region, 2015–2022 (USD Million)
9 Pmsg: Variable Speed Generator Market Size, By Region, 2015–2022 (USD Million)
10 Variable Speed Generator Market Size, By Generator Type, 2015–2022 (USD Billion)
….and more
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