Global Variable Speed Generator Market Outlook Report - Market Size, Share Analysis and Forecast (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. 

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

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

Variable Speed Generator Market Report Snapshots

Variable Speed Generator Market Size

Variable Speed Generator Market Growth

Variable Speed Generator Companies