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Global Variable Speed Generator Market Size, Share, Forecast: By Generator Type: Variable Speed Self Excited Induction Generator, Wound Rotor Induction Generator, Others; By Technology Type; By Prime Mover Type; By End Use; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Variable Speed Generator Market Outlook

The global variable speed generator market would likely grow at a CAGR of 6.2% during 2024-2032. Asia, North America and Europe are likely to be key markets.

Global Market Likely to be Driven by Need for Solutions that Enable Fuel Savings and Offer Superior Performance

In FC concept, the entire power generated passes through a full-size converter which offers full variable speed operation with improved grid code compliance. Benefits include full speed range, advanced grid compliance, and separation of drive train from grid disturbances.

Variable Speed Diesel Generators (VSDGs) enable diesel engine operation at optimal speed according to the electrical load but need extra electrical equipment and regulation to maintain power output to electrical standards.

variable speed generator market

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Advantages Afforded by Variable Speed Generators Likely to Boost Market Growth

Economic necessity has led commercial ship operators to focus on exploring cost-optimized solutions to run their vessels. Solution providers such as Rolls-Royce have been seeking ways to deliver appropriate technologies to fulfil operators’ particular needs. Recent years have witnessed greater interest in variable speed units as drivers of particular commercial vessels.

Variable speed technology enables regulation and adjustment of engine speed in accordance with connected load, making it more cost-effective to operate. As compared to conventional, constant speed units, variable units provide many advantages, including up to fifteen percent reduction in fuel consumption; up to twenty percent increase in time between overhauls; lesser noise emissions; and more power density with less installation space. Variable speed units are especially useful in running modes with a high proportion of low loads. Such advantages are expected to drive the global variable speed generator market.

Leading Companies Offer Sophisticated Solutions

Today, variable speed hybrid generator sets are available that decrease fuel consumption by forty percent and prolong maintenance periods up to 1000 hours. For example, HIMOINSA offers hybrid generator sets HPS 1500DCV and HPS 3000DCV with a variable speed engine that ensures fuel consumption savings of forty percent as compared to a standard generator set and twenty percent as compared to other fixed speed, hybrid gensets that are available on the market.

Atlas Copco offers QAS 60/35 VSG Variable Speed Generator, which offers operational savings, and better performance and reliability. It removes inherent risks linked with low-load generator operation, like bore polishing, cylinder glazing, high oil consumption, heavy carbon build-up, fuel waste, and low combustion temperatures. Such solutions are expected to boost the global variable speed generator market.

In 2022, Volvo Penta launched a new series of variable-speed generator sets for marine vessels. The generator sets were intended to serve as a ‘key enabler’ for electric propulsion for marine ships.

Market Segmentation

variable speed generator market by segments

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By generator type, the market is divided into:

Variable Speed Self Excited Induction Generator

Permanent Magnet Synchronous Generator

Wound Rotor Induction Generator

Doubly Fed Induction Generator

By technology type, the global variable speed generator market is classified into:

Mechanical

Power Electronics-Based

By prime mover type, the market is divided into:

Hydro Turbines

Wind Turbines

Steam and Gas Turbine

Internal Combustion Engine

By end use, the market is classified into:

Renewable Power Generation

Marine and Shipbuilding

Oil, Gas, and Mining

Hydroelectric Power Generation

Others

By region, the market is segmented into:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

variable speed generator market by region

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Key Industry Players in the Market

The report offers an extensive assessment of major players in the global variable speed generator market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:

ABB Ltd

General Electric Company

Siemens Energy

Wärtsilä Corporation

Innovus Power, Inc.

Cummins Inc.

Atlas Copco

Yanmar Holdings Co., Ltd

Whisper Power Bv

Fischer Panda GmbH

Others

Using SWOT analysis and Porter’s Five Forces model, the EMR report offers deep insights into the industry.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Generator Type Technology Type Prime Mover Type End Use Region
Breakup by Generator Type	Variable Speed Self Excited Induction Generator Wound Rotor Induction Generator Permanent Magnet Synchronous Generator Doubly Fed Induction Generator
Breakup by Technology Type	Mechanical Power Electronics-Based
Breakup by Prime Mover Type	Hydro Turbines Wind Turbines Steam and Gas Turbine Internal Combustion Engine
Breakup by End Use	Renewable Power Generation Marine and Shipbuilding Oil, Gas, and Mining Hydroelectric Power Generation
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	ABB Ltd General Electric Company Siemens Energy Wärtsilä Corporation Innovus Power, Inc. Cummins Inc. Atlas Copco Yanmar Holdings Co., Ltd Whisper Power Bv Fischer Panda GmbH Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Industry Opportunities and Challenges
8   Global Variable Speed Generator Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Variable Speed Generator Historical Market (2018-2023)
   8.3   Global Variable Speed Generator Market Forecast (2024-2032)
   8.4   Global Variable Speed Generator Market by Generator Type
       8.4.1   Variable Speed Self Excited Induction Generator
           8.4.1.1   Market Share
           8.4.1.2   Historical Trend (2018-2023)
           8.4.1.3   Forecast Trend (2024-2032)
       8.4.2   Wound Rotor Induction Generator
           8.4.2.1   Market Share
           8.4.2.2   Historical Trend (2018-2023)
           8.4.2.3   Forecast Trend (2024-2032)
       8.4.3   Permanent Magnet Synchronous Generator
           8.4.3.1   Market Share
           8.4.3.2   Historical Trend (2018-2023)
           8.4.3.3   Forecast Trend (2024-2032)
       8.4.4   Doubly Fed Induction Generator
           8.4.4.1   Market Share
           8.4.4.2   Historical Trend (2018-2023)
           8.4.4.3   Forecast Trend (2024-2032)
   8.5   Global Variable Speed Generator Market by Technology Type
       8.5.1   Mechanical
           8.5.1.1   Market Share
           8.5.1.2   Historical Trend (2018-2023)
           8.5.1.3   Forecast Trend (2024-2032)
       8.5.2   Power Electronics-Based
           8.5.2.1   Market Share
           8.5.2.2   Historical Trend (2018-2023)
           8.5.2.3   Forecast Trend (2024-2032)
   8.6   Global Variable Speed Generator Market by Prime Mover Type
       8.6.1   Hydro Turbines
           8.6.1.1   Market Share
           8.6.1.2   Historical Trend (2018-2023)
           8.6.1.3   Forecast Trend (2024-2032)
       8.6.2   Wind Turbines
           8.6.2.1   Market Share
           8.6.2.2   Historical Trend (2018-2023)
           8.6.2.3   Forecast Trend (2024-2032)
       8.6.3   Steam and Gas Turbine
           8.6.3.1   Market Share
           8.6.3.2   Historical Trend (2018-2023)
           8.6.3.3   Forecast Trend (2024-2032)
       8.6.4   Internal Combustion Engine
           8.6.4.1   Market Share
           8.6.4.2   Historical Trend (2018-2023)
           8.6.4.3   Forecast Trend (2024-2032)
   8.7   Global Variable Speed Generator Market by End Use
       8.7.1   Renewable Power Generation
           8.7.1.1   Market Share
           8.7.1.2   Historical Trend (2018-2023)
           8.7.1.3   Forecast Trend (2024-2032)
       8.7.2   Marine and Shipbuilding
           8.7.2.1   Market Share
           8.7.2.2   Historical Trend (2018-2023)
           8.7.2.3   Forecast Trend (2024-2032)
       8.7.3   Oil, Gas, and Mining
           8.7.3.1   Market Share
           8.7.3.2   Historical Trend (2018-2023)
           8.7.3.3   Forecast Trend (2024-2032)
       8.7.4   Hydroelectric Power Generation
           8.7.4.1   Market Share
           8.7.4.2   Historical Trend (2018-2023)
           8.7.4.3   Forecast Trend (2024-2032)
       8.7.5   Others
   8.8   Global Variable Speed Generator Market by Region
       8.8.1   North America
           8.8.1.1   Market Share
           8.8.1.2   Historical Trend (2018-2023)
           8.8.1.3   Forecast Trend (2024-2032)
       8.8.2   Europe
           8.8.2.1   Market Share
           8.8.2.2   Historical Trend (2018-2023)
           8.8.2.3   Forecast Trend (2024-2032)
       8.8.3   Asia Pacific
           8.8.3.1   Market Share
           8.8.3.2   Historical Trend (2018-2023)
           8.8.3.3   Forecast Trend (2024-2032)
       8.8.4   Latin America
           8.8.4.1   Market Share
           8.8.4.2   Historical Trend (2018-2023)
           8.8.4.3   Forecast Trend (2024-2032)
       8.8.5   Middle East and Africa
           8.8.5.1   Market Share
           8.8.5.2   Historical Trend (2018-2023)
           8.8.5.3   Forecast Trend (2024-2032)
9   North America Variable Speed Generator Market Analysis
   9.1   United States of America
       9.1.1   Market Share
       9.1.2   Historical Trend (2018-2023)
       9.1.3   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Market Share
       9.2.2   Historical Trend (2018-2023)
       9.2.3   Forecast Trend (2024-2032)
10   Europe Variable Speed Generator Market Analysis
   10.1   United Kingdom
       10.1.1   Market Share
       10.1.2   Historical Trend (2018-2023)
       10.1.3   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Market Share
       10.2.2   Historical Trend (2018-2023)
       10.2.3   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Market Share
       10.3.2   Historical Trend (2018-2023)
       10.3.3   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Market Share
       10.4.2   Historical Trend (2018-2023)
       10.4.3   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Variable Speed Generator Market Analysis
   11.1   China
       11.1.1   Market Share
       11.1.2   Historical Trend (2018-2023)
       11.1.3   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Market Share
       11.2.2   Historical Trend (2018-2023)
       11.2.3   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Market Share
       11.3.2   Historical Trend (2018-2023)
       11.3.3   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Market Share
       11.4.2   Historical Trend (2018-2023)
       11.4.3   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Market Share
       11.5.2   Historical Trend (2018-2023)
       11.5.3   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Variable Speed Generator Market Analysis
   12.1   Brazil
       12.1.1   Market Share
       12.1.2   Historical Trend (2018-2023)
       12.1.3   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Market Share
       12.2.2   Historical Trend (2018-2023)
       12.2.3   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Market Share
       12.3.2   Historical Trend (2018-2023)
       12.3.3   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Variable Speed Generator Market Analysis
   13.1   Saudi Arabia
       13.1.1   Market Share
       13.1.2   Historical Trend (2018-2023)
       13.1.3   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Market Share
       13.2.2   Historical Trend (2018-2023)
       13.2.3   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Market Share
       13.3.2   Historical Trend (2018-2023)
       13.3.3   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Market Share
       13.4.2   Historical Trend (2018-2023)
       13.4.3   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   ABB Ltd
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   General Electric Company
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   Siemens Energy
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   Wärtsilä Corporation
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   Innovus Power, Inc.
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   Cummins Inc.
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   Atlas Copco
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   Yanmar Holdings Co., Ltd
           15.2.8.1   Company Overview
           15.2.8.2   Product Portfolio
           15.2.8.3   Demographic Reach and Achievements
           15.2.8.4   Certifications
       15.2.9   Whisper Power Bv
           15.2.9.1   Company Overview
           15.2.9.2   Product Portfolio
           15.2.9.3   Demographic Reach and Achievements
           15.2.9.4   Certifications
       15.2.10   Fischer Panda GmbH
           15.2.10.1   Company Overview
           15.2.10.2   Product Portfolio
           15.2.10.3   Demographic Reach and Achievements
           15.2.10.4   Certifications
       15.2.11   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Variable Speed Generator Market: Key Industry Highlights, 2018 and 2032
2.   Global Variable Speed Generator Historical Market: Breakup by Generator Type (USD Million), 2018-2023
3.   Global Variable Speed Generator Market Forecast: Breakup by Generator Type (USD Million), 2024-2032
4.   Global Variable Speed Generator Historical Market: Breakup by Technology Type (USD Million), 2018-2023
5.   Global Variable Speed Generator Market Forecast: Breakup by Technology Type (USD Million), 2024-2032
6.   Global Variable Speed Generator Historical Market: Breakup by Power Rating (USD Million), 2018-2023
7.   Global Variable Speed Generator Market Forecast: Breakup by Power Rating (USD Million), 2024-2032
8.   Global Variable Speed Generator Historical Market: Breakup by Prime Mover Type (USD Million), 2018-2023
9.   Global Variable Speed Generator Market Forecast: Breakup by Prime Mover Type (USD Million), 2024-2032
10.   Global Variable Speed Generator Historical Market: Breakup by End Use (USD Million), 2018-2023
11.   Global Variable Speed Generator Market Forecast: Breakup by End Use (USD Million), 2024-2032
12.   Global Variable Speed Generator Historical Market: Breakup by Region (USD Million), 2018-2023
13.   Global Variable Speed Generator Market Forecast: Breakup by Region (USD Million), 2024-2032
14.   North America Variable Speed Generator Historical Market: Breakup by Country (USD Million), 2018-2023
15.   North America Variable Speed Generator Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Europe Variable Speed Generator Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Europe Variable Speed Generator Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Asia Pacific Variable Speed Generator Historical Market: Breakup by Country (USD Million), 2018-2023
19.   Asia Pacific Variable Speed Generator Market Forecast: Breakup by Country (USD Million), 2024-2032
20.   Latin America Variable Speed Generator Historical Market: Breakup by Country (USD Million), 2018-2023
21.   Latin America Variable Speed Generator Market Forecast: Breakup by Country (USD Million), 2024-2032
22.   Middle East and Africa Variable Speed Generator Historical Market: Breakup by Country (USD Million), 2018-2023
23.   Middle East and Africa Variable Speed Generator Market Forecast: Breakup by Country (USD Million), 2024-2032
24.   Global Variable Speed Generator Market Structure

Key Questions Answered in the Report

What is the growth rate of the variable speed generator market?

The market is estimated to grow at a CAGR of 6.2% in the forecast period of 2024 and 2032.

What are the major industry drivers?

The major drivers of the market include the increasing demand for maritime vessels to facilitate international trade, thriving oil and gas industry, and growing expansion of the power generation sector.

What are the key industry trends of the global variable speed generator market?

The increasing investments towards enhancing naval capabilities and rapid transition towards using engine components with lower noise levels, are the key trends in the market.

What are the generator types of variables speed generators?

Variable speed self excited induction generator, wound rotor induction generator, permanent magnet synchronous generator, and doubly fed induction generator are the different generator types of variables speed generators.

What are the various technology types for variables speed generators?

Mechanical and power electronics-based are the various technology types for variables speed generators.

Who are the key players in the market?

The major players in the variable speed generator market are ABB Ltd, General Electric Company, Siemens Energy, Wärtsilä Corporation, Innovus Power, Inc., Cummins Inc., Atlas Copco, Yanmar Holdings Co., Ltd, Whisper Power Bv, and Fischer Panda GmbH, among others.

How do you control the speed of a variable speed generator?

Speed of the variable speed generator is controlled by applying braking torque.

Do variable speed generators run at a constant speed?

Variable speed generators run at a constant speed which is usually 3600 rpm.

What happens when variable speed generators are underloaded?

Underloading can cause cylinder clogging which can bring the cylinder to a halt.

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