Variable speed generator market : Analysis and Trends.
Variable speed generator produces exactly 230VAC electrical
voltage directly from a boat or vehicle engine, independent of engine speed.
The power output depends upon the speed of the engine. It ensures a constant
power output even with reduced engine speed. These generator systems include a
permanent magnet generator combined with an electronic inverter, making them
compact and efficient than wound-rotor or induction generators.
There is no exciter, which saves space and power. The
high-frequency design permits short-end windings on the stator for reduced
winding losses and space, which reduces requirements for output power filters.
Due to the modest losses, cooling requirements can be reduced for greater power
and packaging savings.
It ensures consistent power output with reduced engine speed
and also optimizes the turbine design. The surge in need for renewable energy
sources and increase in the demand for energy generates the demand for variable
speed generators. The government initiatives to support the renewable energy
sources are expected to boost the growth of the variable speed generator
market.
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Covid-19 Impact Analysis:
- The COVID-19 pandemic affected the
variable speed generator market due to lockdown in different countries,
which has disturbed the supply chain.
- The market of variable speed generator is now
experiencing growth and is expected to grow, when the restrictions are
uplifted by the government.
- The reason for the growth of the market post
pandemic is the endorsement of the renewable source of energy for power
generation and the rise in industrialization.
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analysis of COVID-19 impact on this market @ https://www.alliedmarketresearch.com/request-for-customization/12458?reqfor=covid
Top Impacting Factor
ü The growth in the
market for variable speed generators is primarily due to the increase in
emphasis on alternative energy production, increase in government mandates over
energy efficiency, and developments in industrialization & urbanization.
ü The use of variable speed generator in the
internal combustion engine reduces the operation and maintenance cost. Fuel
consumption decreases with the increase in the engine efficiency.
ü However, the
high-cost investment and limited re-investment on the variable speed generator
has been a major constraint for market. The decrease in greenfield investment
has been a challenge for the variable speed generators.
ü The internal
combustion engine driven variable speed generators are anticipated to
experience an increase in demand owing to rise in growth rate of internal
combustion engine.
ü There is an increase in the demand for high
power attributed to urbanization and industrialization, which will result in
the increase in the usage of energy efficient variable generator.
ü The demand is
expected to increase in the near future. The growth in the renewable energy
demand is anticipated to boost the market growth.
Market Trend
- Atlas Copco’s proprietary Variable Speed
Generator (VSG) technology embodied in the QAS 60/35 completely eliminates
the inherent risks associated with low-load generator operation such as
cylinder glazing, bore polishing, heavy carbon build-up, high oil
consumption, low combustion temperatures, and fuel waste. Atlas Copco’s
latest addition to its QAS mobile generator range - the QAS 60/35 VSG
Variable Speed Generator that is high performing, and efficient.
- Due to the increase in demand from the OEMs
and commercial operator for more efficient and smarter hybrid systems for
retro-fitting or newly-built vessels to support the move to electric
power, the new variable speed units reduce the noise and fuel consumption
by regulating the generator speed in accordance with the required power.
- Fischer Panda UK’s variable speed generators
are available with an output power from 20kW up to 100kW and it can be
used for silent electric propulsion powered from the battery bank alone or
hybrid propulsion using the batteries and the variable speed DC generator
as a range extender.
Key Benefits of the Report:
- This study presents the analytical depiction
of the variable speed generator market along with the current trends and
future estimations to determine the imminent investment pockets.
- The report presents information related to key
drivers, restraints, and opportunities along with detailed analysis of the
variable speed generator market share.
- The current market is quantitatively analysed
from 2020 to 2028 to highlight the scenario of Variable Speed Generator
market growth.
- Porter’s five forces analysis illustrates the
potency of buyers & suppliers in the market.
- The report provides a detailed variable speed
generator market analysis based on competitive intensity and the
competition that will take shape in upcoming years.
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