Variable Speed Generator Market to offer a healthy CAGR of 9.2% during 2020-25
February 14, 2020
Variable Speed Generator Market Overview:
Variable speed generator market is likely to witness an impressive CAGR of 9.2% during the forecast period. Rapid industrialization and urbanization, growing cognizance of renewable energy, and imposing government directives on energy efficiency are the prime factors that are underpinning the variable speed generator market globally.
Report Overview:
This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Variable Speed Generator Market Segment Insights:
Internal Combustion Engine: The growth engine
Based on the prime mover type, the market is segmented as hydro turbines, wind turbines, steam & gas turbines, and internal combustion engines. The internal combustion engines segment is expected to have the highest growth during the forecast period. The extensive use of variable speed generators in aerospace and marine applications are the major factors that drive the growth of this segment.
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https://www.stratviewresearch.com/toc/620/variable-speed-generator-market.html
Dominance of: The commercial & residential
Based on the end-user type, the market is segmented as renewable power generation, hydroelectric power generation, marine & shipbuilding, oil, gas, & mining, commercial & residential, and others. The commercial & residential segment is projected to have the highest growth in the coming five years. This growth is owing to the use of variable speed gensets for commercial & residential purposes.
A highly/moderately/fragment consolidated Market
Some of the variable speed generator manufacturers are ABB Group, Siemens AG, Yanmar Co., Ltd., General Electric Company, Wartsila, Cummins, and Atlas Copco.
Regional Hegemony of North America
Asia-Pacific is expected to depict the highest growth in the variable speed generator market in the coming five years. China and India are the growth engines of the region. The market is sustained by increasing power consumption and government directives on energy efficiency. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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