DUBLIN--(BUSINESS WIRE)--The "Variable Speed Generator Market by Type , Prime Mover, Technology, Power, End-User, Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Premium Insights
5. Market Overview
6. Variable Speed Generator Market, By Generator Type
7. Variable Speed Generator Market, By Technology Type
8. Variable Speed Generator Market, By Power Rating
9. Variable Speed Generator Market, By Prime Mover
10. Variable Speed Generator Market, By End-User
11. Variable Speed Generator Market, By Region
12. Competitive Landscape
13. Company Profiles
- Atlas Copco
- Fischer Panda
- Innovus Power
- Rolls Royce
For more information about this report visit https://www.researchandmarkets.com/research/fbz826/global_variable?w=4