Synchronous Generator Market by Prime Mover (Steam turbine, Gas turbines), Speed ( 1,500 RPM, 3,000 RPM), Power Rating (2-5 MVA, 5-10 MVA, 10-20 MVA, 20-30 MVA, & 30-50 MVA), End User (Renewable Power Generation) & Region - Global Forecast to 2028
The global synchronous generator market is estimated to grow from USD 5.9 billion by 2028 from an estimated of USD 4.7 billion in 2023; it is expected to record a CAGR of 4.6% during the forecast period. Increasing electricity demand and need for reliable power generation is major factor driving the market
“Conventional Power Generation: The largest- growing segment of the synchronous generator market”
Based on by End User of synchronous generator , the conventional power generation segment is estimated to be the largest-growing market from 2023 to 2028. Synchronous generators are widely employed in baseload power plants designed to provide a constant, continuous supply of electricity to the grid. These power plants, such as coal-fired, natural gas-fired, or nuclear power plants, rely on synchronous generators to convert mechanical energy into electrical energy. Synchronous generators can synchronize with the electrical grid, matching the grid’s frequency and phase.
“1,500 RPM: The largest segment by standard in synchronous generator market”
The 1,500 RPM segment, by speed, is projected to hold the largest market size during the forecast period. By operating at 1,500 RPM, they can maintain a stable frequency output of 50 Hz which is common standard for grid frequency used in Europe and Asia Pacific. Synchronous generators can easily synchronize with the utility grid due to their ability to match the grid's frequency and phase. Operating at 1,500 RPM allows seamless integration with the grid system, making connecting and supplying power to the electrical network easier
“30-50 MVA: The fastest growing segment by type in synchronous generator market”
The 30-50 MVA, by power rating is projected to hold the fastest growing market size during the forecast period. The growth of the 30–50 MVA segment is driven by the increasing electricity demand in rapidly developing economies. As these economies undergo industrial growth, urbanization, and infrastructure development, reliable and high-capacity power generation solutions are crucial. With their substantial power output and ability to meet large-scale operational requirements, 30–50 MVA synchronous generators are well-positioned to address growing energy needs.
“Europe: The third largest and third fastest-growing region in synchronous generator market”
Europe is estimated to hold the third largest and third fastest market share in the synchronous generator market. As the EU prepares to reduce its reliance on Russian gas, some countries have chosen to expand their current gas drilling sites or tap into untapped reserves, in addition to diversifying their energy sources and promoting renewable energy. These factors make synchronous generators particularly suited for oil and gas facilities because they can provide reliable and stable power over various load conditions. They also have high efficiency and can maintain their voltage and frequency output within tight tolerances, which is critical for the safe and reliable operation of the equipment in the facility
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The synchronous generator market is dominated by a few major players that have a wide regional presence. The leading players in the synchronous generator market are ABB (Switzerland), WEG (Brazil), Siemens Energy (Germany), Meidensha Corporation (Japan), and Andritz (Austria).
Research Coverage:
The report defines, describes, and forecasts the global synchronoius generator market, by speed, prime mover, power rating, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the synchronous generator market.
Key Benefits of Buying the Report
“Conventional Power Generation: The largest- growing segment of the synchronous generator market”
Based on by End User of synchronous generator , the conventional power generation segment is estimated to be the largest-growing market from 2023 to 2028. Synchronous generators are widely employed in baseload power plants designed to provide a constant, continuous supply of electricity to the grid. These power plants, such as coal-fired, natural gas-fired, or nuclear power plants, rely on synchronous generators to convert mechanical energy into electrical energy. Synchronous generators can synchronize with the electrical grid, matching the grid’s frequency and phase.
“1,500 RPM: The largest segment by standard in synchronous generator market”
The 1,500 RPM segment, by speed, is projected to hold the largest market size during the forecast period. By operating at 1,500 RPM, they can maintain a stable frequency output of 50 Hz which is common standard for grid frequency used in Europe and Asia Pacific. Synchronous generators can easily synchronize with the utility grid due to their ability to match the grid's frequency and phase. Operating at 1,500 RPM allows seamless integration with the grid system, making connecting and supplying power to the electrical network easier
“30-50 MVA: The fastest growing segment by type in synchronous generator market”
The 30-50 MVA, by power rating is projected to hold the fastest growing market size during the forecast period. The growth of the 30–50 MVA segment is driven by the increasing electricity demand in rapidly developing economies. As these economies undergo industrial growth, urbanization, and infrastructure development, reliable and high-capacity power generation solutions are crucial. With their substantial power output and ability to meet large-scale operational requirements, 30–50 MVA synchronous generators are well-positioned to address growing energy needs.
“Europe: The third largest and third fastest-growing region in synchronous generator market”
Europe is estimated to hold the third largest and third fastest market share in the synchronous generator market. As the EU prepares to reduce its reliance on Russian gas, some countries have chosen to expand their current gas drilling sites or tap into untapped reserves, in addition to diversifying their energy sources and promoting renewable energy. These factors make synchronous generators particularly suited for oil and gas facilities because they can provide reliable and stable power over various load conditions. They also have high efficiency and can maintain their voltage and frequency output within tight tolerances, which is critical for the safe and reliable operation of the equipment in the facility
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
- By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
- By Region: North America- 40%, Asia Pacific- 30%, Europe- 20%, the Middle East & Africa- 5%, and South America- 5%
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The synchronous generator market is dominated by a few major players that have a wide regional presence. The leading players in the synchronous generator market are ABB (Switzerland), WEG (Brazil), Siemens Energy (Germany), Meidensha Corporation (Japan), and Andritz (Austria).
Research Coverage:
The report defines, describes, and forecasts the global synchronoius generator market, by speed, prime mover, power rating, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the synchronous generator market.
Key Benefits of Buying the Report
- There is a significant need for new power generation capacity in many regions to meet the growing electricity demand. This need is particularly acute in developing countries, with an increasing demand for electricity to support economic growth and improve the quality of life. The synchronous generator is an essential solution to this challenge, providing reliable power generation capacity as it can be deployed quickly and efficiently.
- Product Development/ Innovation: The future of the synchronous generator market looks bright. Companies like ABB has launched latest in-line shaft generator which will enable ship operators to benefit from the efficiency, performance, and reliability advantages of permanent magnet technology
- Market Development: The main reasons behind the increasing number of blackouts are aging infrastructure, lack of investments, and the absence of regulatory policy that enables grid modernization. According to the Canadian Electricity Association, the current Canadian electricity sector requires an investment of USD 400 billion for the next 20 years. Electricity demand has grown 10% over the past decade, despite the increasing use of more energy-efficient products and the rising construction of energy-efficient buildings. End users rely more on digital devices, air-conditioners (during summer), and other electrical appliances.
- Market Diversification: Menzel Elektromotoren supplies complete rotary converter sets for test fields, with motors and generators from its own production, as well as frequency converters, transformers, all accessories, controls, and software being programmed in-house. The 7.5 MVA synchronous generator and the 2.3 MW squirrel-cage motor were Menzel products featuring high efficiency and great robustness.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), WEG (Brazil), Siemens Energy (Germany), Meidensha Corporation (Japan), and Andritz (Austria) among others in the synchronous generator market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING: INCLUSIONS AND EXCLUSIONS
1.3.2 SYNCHRONOUS GENERATOR MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS
1.3.3 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER: INCLUSIONS AND EXCLUSIONS
1.3.4 SYNCHRONOUS GENERATOR MARKET, BY SPEED: INCLUSIONS AND EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 SYNCHRONOUS GENERATOR MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.4.3 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.7.1 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 SYNCHRONOUS GENERATOR MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primaries
FIGURE 3 BREAKDOWN OF PRIMARIES
2.3 RECESSION IMPACT
2.4 REPORT SCOPE
FIGURE 4 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR SYNCHRONOUS GENERATORS
2.5 MARKET SIZE ESTIMATION
2.5.1 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.5.2 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.5.3 DEMAND-SIDE ANALYSIS
2.5.3.1 Regional analysis
2.5.3.2 Country-level analysis
2.5.3.3 Assumptions for demand-side analysis
2.5.3.4 Calculations to derive market size using demand-side analysis
2.5.4 SUPPLY-SIDE ANALYSIS
FIGURE 7 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF SYNCHRONOUS GENERATORS
FIGURE 8 SYNCHRONOUS GENERATOR MARKET: SUPPLY-SIDE ANALYSIS
2.5.4.1 Calculations to derive market size using supply-side analysis
2.5.4.2 Assumptions for supply-side analysis
FIGURE 9 COMPANY REVENUE ANALYSIS, 2022
2.5.5 FORECAST
3 EXECUTIVE SUMMARY
TABLE 1 SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET
FIGURE 10 CONVENTIONAL POWER GENERATION SEGMENT TO HOLD LARGEST SHARE OF SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD
FIGURE 11 20–30 MVA SEGMENT TO LEAD SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD
FIGURE 12 1,500 RPM SEGMENT TO HOLD LARGER SHARE OF SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD
FIGURE 13 OTHERS SEGMENT TO HOLD LARGEST SHARE OF SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD
FIGURE 14 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SYNCHRONOUS GENERATOR MARKET IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SYNCHRONOUS GENERATOR MARKET
FIGURE 15 RISING ENERGY DEMAND AND RELIANCE ON CONVENTIONAL POWER GENERATION
4.2 ASIA PACIFIC SYNCHRONOUS GENERATOR MARKET, BY END USER AND COUNTRY
FIGURE 16 CONVENTIONAL POWER GENERATION SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC SYNCHRONOUS GENERATOR MARKET IN 2028
4.3 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING
FIGURE 17 20–30 MVA SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
4.4 SYNCHRONOUS GENERATOR MARKET, BY END USER
FIGURE 18 CONVENTIONAL POWER GENERATION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
4.5 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER
FIGURE 19 OTHERS SEGMENT TO LEAD SYNCHRONOUS GENERATOR MARKET IN 2028
4.6 SYNCHRONOUS GENERATOR MARKET, BY SPEED
FIGURE 20 1,500 RPM SPEED SEGMENT TO HOLD LARGER MARKET SHARE IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 SYNCHRONOUS GENERATOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising electricity demand and replacement of aging infrastructure
FIGURE 22 GLOBAL ENERGY CONSUMPTION, 2017–2021
5.2.1.2 Increasing oil and gas demand
FIGURE 23 GLOBAL OIL DEMAND, 2021–2026
5.2.2 RESTRAINTS
5.2.2.1 Environmental concerns associated with synchronous generators
5.2.3 OPPORTUNITIES
5.2.3.1 Cost-effectiveness associated with synchronous generators than other generator types used in thermal power plants
5.2.3.2 Ability of synchronous generators to provide uninterrupted and stable power supply
5.2.4 CHALLENGES
5.2.4.1 High manufacturing cost
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR SYNCHRONOUS GENERATOR MANUFACTURERS
FIGURE 24 REVENUE SHIFTS FOR SYNCHRONOUS GENERATOR MANUFACTURERS
5.4 MARKET MAP
TABLE 2 SYNCHRONOUS GENERATOR MARKET: ECOSYSTEM ANALYSIS
FIGURE 25 MARKET MAP/ECOSYSTEM ANALYSIS
5.5 VALUE CHAIN ANALYSIS
FIGURE 26 SYNCHRONOUS GENERATOR MARKET: VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.5.2 COMPONENT MANUFACTURERS
5.5.3 SYNCHRONOUS GENERATOR MANUFACTURERS
5.5.4 DISTRIBUTORS (BUYERS)/END USERS
5.5.5 POST-SALE SERVICE PROVIDERS
5.6 AVERAGE SELLING PRICE (ASP) ANALYSIS
TABLE 3 AVERAGE SELLING PRICE (ASP) OF SYNCHRONOUS GENERATORS BY REGION (USD), BY POWER OUTPUT RATING (2-5 MVA)
FIGURE 27 AVERAGE SELLING PRICE (ASP) OF SYNCHRONOUS GENERATORS IN DIFFERENT REGIONS, BY POWER OUTPUT RATING (2–5 MVA)
FIGURE 28 AVERAGE SELLING PRICE OF DIFFERENT TYPES OF SYNCHRONOUS GENERATORS, BY POWER RATING
5.7 TECHNOLOGY ANALYSIS
5.7.1 VIRTUAL SYNCHRONOUS GENERATOR
TABLE 4 COMPARISON OF VIRTUAL SYNCHRONOUS GENERATORS WITH TRADITIONAL SYNCHRONOUS GENERATORS
5.8 TARIFFS, CODES, AND REGULATIONS
5.8.1 TARIFFS RELATED TO SYNCHRONOUS GENERATORS
5.8.2 CODES AND REGULATIONS RELATED TO SYNCHRONOUS GENERATOR MARKET
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.8.3 CODES AND REGULATIONS RELATED TO SYNCHRONOUS GENERATORS
TABLE 10 NORTH AMERICA: CODES AND REGULATIONS
TABLE 11 ASIA PACIFIC: CODES AND REGULATIONS
TABLE 12 EUROPE: CODES AND REGULATIONS
5.9 PATENT ANALYSIS
TABLE 13 SYNCHRONOUS GENERATOR MARKET: INNOVATIONS AND PATENT REGISTRATIONS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO
TABLE 14 IMPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.10.2 EXPORT SCENARIO
TABLE 15 EXPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.11 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 16 SYNCHRONOUS GENERATOR MARKET: CONFERENCES AND EVENTS
5.12 CASE STUDY ANALYSIS
5.12.1 DEPLOYMENT OF SYNCHRONOUS GENERATOR FOR BIOMASS POWER PLANT IN SCOTLAND
5.12.2 DEPLOYMENT OF SYNCHRONOUS GENERATOR AT PAPER MILL IN SWEDEN
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 17 SYNCHRONOUS GENERATOR MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 29 SYNCHRONOUS GENERATOR MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF SUBSTITUTES
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF NEW ENTRANTS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
5.14.2 BUYING CRITERIA
FIGURE 31 KEY BUYING CRITERIA FOR END USER
TABLE 19 KEY BUYING CRITERIA, BY END USER
6 SYNCHRONOUS GENERATOR MARKET, BY SPEED
6.1 INTRODUCTION
FIGURE 32 SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2022 (%)
TABLE 20 SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
6.2 1,500 RPM
6.2.1 EXCELLENT SYNCHRONIZATION WITH GRID AND WIDENING APPLICATION SCOPE
TABLE 21 1,500 RPM: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3 3,000 RPM
6.3.1 HIGH POWER DENSITY, COMPACT SIZE, AND LIGHTWEIGHT
TABLE 22 3,000 RPM: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
7 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER
7.1 INTRODUCTION
FIGURE 33 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2022 (%)
TABLE 23 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
7.2 STEAM TURBINE
7.2.1 HIGHLY EFFICIENT AND STABLE
TABLE 24 STEAM TURBINE: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 GAS TURBINE
7.3.1 FAST START-UP TIME AND FLEXIBILITY IN FUEL CHOICE
TABLE 25 GAS TURBINE: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
7.4 OTHERS
TABLE 26 OTHERS: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
8 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING
8.1 INTRODUCTION
FIGURE 34 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2022
TABLE 27 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
8.2 2–5 MVA
8.2.1 GOVERNMENT-LED SUBSIDIES AND IMPLEMENTATION OF FAVORABLE POLICIES TO BOOST ADOPTION OF EFFICIENT POWER GENERATION TECHNOLOGIES
TABLE 28 2–5 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
8.3 5–10 MVA
8.3.1 ADVANCEMENTS IN GENERATOR TECHNOLOGY
TABLE 29 5–10 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
8.4 10–20 MVA
8.4.1 GROWING USE IN INDUSTRIAL, COMMERCIAL, AND UTILITY SECTORS ATTRIBUTED TO ADAPTABILITY AND EFFICIENT POWER GENERATION FEATURES
TABLE 30 10–20 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
8.5 20–30 MVA
8.5.1 EXPANSION AND MODERNIZATION OF POWER INFRASTRUCTURE
TABLE 31 20–30 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
8.6 30–50 MVA
8.6.1 INCREASING ELECTRICITY DEMAND
TABLE 32 30–50 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
9 SYNCHRONOUS GENERATOR MARKET, BY END USER
9.1 INTRODUCTION
FIGURE 35 SYNCHRONOUS GENERATOR MARKET, BY END USER, 2022
TABLE 33 SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
9.2 RENEWABLE POWER GENERATION
9.2.1 WIDELY USED IN HYDROELECTRIC AND WIND POWER PLANTS
TABLE 34 RENEWABLE POWER GENERATION: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
9.3 OIL & GAS
9.3.1 ABILITY TO WITHSTAND EXTREME OPERATING CONDITIONS IN OIL & GAS PLANTS
TABLE 35 OIL & GAS: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
9.4 CONVENTIONAL POWER GENERATION
9.4.1 MAJORLY USED IN LARGE BASELOAD POWER PLANTS (COAL AND NUCLEAR)
TABLE 36 CONVENTIONAL POWER GENERATION: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
9.5 INDUSTRIAL MANUFACTURING
9.5.1 USED TO MAINTAIN POWER QUALITY AND VOLTAGE STABILITY WHILE OPERATING INDUSTRIAL EQUIPMENT
TABLE 37 INDUSTRIAL MANUFACTURING: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
9.6 OTHERS
TABLE 38 OTHERS: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
10 SYNCHRONOUS GENERATOR MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 36 SYNCHRONOUS GENERATOR MARKET REGIONAL SNAPSHOT
TABLE 39 SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 40 SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (UNITS)
10.2 ASIA PACIFIC
FIGURE 37 ASIA PACIFIC: SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET
10.2.1 ASIA PACIFIC: RECESSION IMPACT
10.2.2 BY POWER RATING
TABLE 41 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
10.2.3 BY END USER
TABLE 42 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.4 BY PRIME MOVER
TABLE 43 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
10.2.5 BY SPEED
TABLE 44 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
10.2.6 BY COUNTRY
TABLE 45 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.2.7 CHINA
10.2.7.1 Rising investments in hydroelectric and combined-cycle power plants
TABLE 46 CHINA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.8 INDIA
10.2.8.1 Increasing focus on domestic manufacturing for power equipment
TABLE 47 INDIA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.9 JAPAN
10.2.9.1 Growing use of efficient equipment in thermal and nuclear power plants
TABLE 48 JAPAN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.10 AUSTRALIA
10.2.10.1 Rising natural gas and oil exploration
TABLE 49 AUSTRALIA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.11 SOUTH KOREA
10.2.11.1 Growing demand for uninterrupted power in manufacturing sector
TABLE 50 SOUTH KOREA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.12 REST OF ASIA PACIFIC
TABLE 51 REST OF ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3 NORTH AMERICA
FIGURE 38 NORTH AMERICA: SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET
10.3.1 NORTH AMERICA: RECESSION IMPACT
10.3.2 BY POWER RATING
TABLE 52 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
10.3.3 BY END USER
TABLE 53 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.4 BY PRIME MOVER
TABLE 54 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
10.3.5 BY SPEED
TABLE 55 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
10.3.6 BY COUNTRY
TABLE 56 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.3.7 US
10.3.7.1 Increased production and investments in power industry
TABLE 57 US: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.8 CANADA
10.3.8.1 Increased industrial activities
TABLE 58 CANADA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.9 MEXICO
10.3.9.1 Increase in wind turbine capacity
TABLE 59 MEXICO: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4 EUROPE
FIGURE 39 EUROPE: SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET
10.5 EUROPE: RECESSION IMPACT
10.5.1 BY POWER RATING
TABLE 60 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
10.5.2 BY END USER
TABLE 61 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.3 BY PRIME MOVER
TABLE 62 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
10.5.4 BY SPEED
TABLE 63 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
10.5.5 BY COUNTRY
TABLE 64 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.5.6 GERMANY
10.5.6.1 Retrofitting of old power plants
TABLE 65 GERMANY: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.7 FRANCE
10.5.7.1 Rising investment in natural gas and nuclear power plants
TABLE 66 FRANCE: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.8 UK
10.5.8.1 High dependency on gas-fired power plants
TABLE 67 UK: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.9 ITALY
10.5.9.1 Modernization and upgrade of old power infrastructure
TABLE 68 ITALY: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.10 SPAIN
10.5.10.1 High dependence on fossil fuels and natural gas power plants
TABLE 69 SPAIN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.11 POLAND
10.5.11.1 Rising need for power in decentralized locations
TABLE 70 POLAND: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.12 DENMARK
10.5.12.1 Increasing investments in gas-fired power plants to replace coal power plants
TABLE 71 DENMARK: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.13 CZECH REPUBLIC
10.5.13.1 Upgrade of conventional power plants
TABLE 72 CZECH REPUBLIC: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.14 AUSTRIA
10.5.14.1 Growing demand for off-grid power solutions
TABLE 73 AUSTRIA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.15 REST OF EUROPE
TABLE 74 REST OF EUROPE: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6 SOUTH AMERICA
10.6.1 SOUTH AMERICA: RECESSION IMPACT
10.6.2 BY POWER RATING
TABLE 75 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
10.6.3 BY END USER
TABLE 76 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.4 BY PRIME MOVER
TABLE 77 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
10.6.5 BY SPEED
TABLE 78 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
10.6.6 BY COUNTRY
TABLE 79 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.6.7 BRAZIL
10.6.7.1 Increased oil and natural gas production
TABLE 80 BRAZIL: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.8 ARGENTINA
10.6.8.1 Increasing demand for efficient and reliable power equipment
TABLE 81 ARGENTINA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.9 REST OF SOUTH AMERICA
TABLE 82 REST OF SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7 MIDDLE EAST & AFRICA
10.7.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
10.7.2 BY POWER RATING
TABLE 83 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
10.7.3 BY END USER
TABLE 84 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7.4 BY PRIME MOVER
TABLE 85 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
10.7.5 BY SPEED
TABLE 86 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
10.7.6 BY COUNTRY
TABLE 87 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.7.7 JORDAN
10.7.7.1 Presence of favorable government policies
TABLE 88 JORDAN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7.8 SOUTH AFRICA
10.7.8.1 Increasing investments and developments in power infrastructure
TABLE 89 SOUTH AFRICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7.9 EGYPT
10.7.9.1 Major dependency on conventional power generation
TABLE 90 EGYPT: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7.10 IRAN
10.7.10.1 Government policies and increased consumption of coal-based energy
TABLE 91 IRAN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7.11 REST OF MIDDLE EAST & AFRICA
TABLE 92 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET , BY END USER, 2021–2028 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 KEY STRATEGIES ADOPTED BY MAJOR MARKET PLAYERS
TABLE 93 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022
11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2022
FIGURE 40 SYNCHRONOUS GENERATOR MARKET SHARE ANALYSIS, 2022
11.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 41 REVENUE ANALYSIS OF TOP FIVE PLAYERS IN SYNCHRONOUS GENERATOR MARKET, 2018–2022
11.4 COMPANY EVALUATION QUADRANT, 2022
11.4.1 STARS
11.4.2 PERVASIVE PLAYERS
11.4.3 EMERGING LEADERS
11.4.4 PARTICIPANTS
FIGURE 42 SYNCHRONOUS GENERATOR MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2022
11.5 SYNCHRONOUS GENERATOR MARKET: COMPANY FOOTPRINT
TABLE 94 POWER RATING: COMPANY FOOTPRINT
TABLE 95 END USER: COMPANY FOOTPRINT
TABLE 96 REGION: COMPANY FOOTPRINT
TABLE 97 COMPANY FOOTPRINT
11.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION QUADRANT, 2022
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 43 SYNCHRONOUS GENERATOR MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
11.7 COMPETITIVE BENCHMARKING
TABLE 98 SYNCHRONOUS GENERATOR MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 99 SYNCHRONOUS GENERATOR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.8 COMPETITIVE SCENARIO AND TRENDS
TABLE 100 SYNCHRONOUS GENERATOR MARKET: OTHERS, JULY 2019–MARCH 2023
TABLE 101 SYNCHRONOUS GENERATOR MARKET: DEALS, JULY 2021–FEBRUARY 2023
12 COMPANY PROFILES
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS
12.1.1 ABB
TABLE 102 ABB: COMPANY OVERVIEW
FIGURE 44 ABB: COMPANY SNAPSHOT
TABLE 103 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 104 ABB: PRODUCT LAUNCHES
TABLE 105 ABB: DEALS
12.1.2 WEG
TABLE 106 WEG: COMPANY OVERVIEW
FIGURE 45 WEG: COMPANY SNAPSHOT
TABLE 107 WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 108 WEG: PRODUCT LAUNCHES
TABLE 109 WEG: DEALS
12.1.3 SIEMENS ENERGY
TABLE 110 SIEMENS ENERGY: COMPANY OVERVIEW
FIGURE 46 SIEMENS ENERGY: COMPANY SNAPSHOT
TABLE 111 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 112 SIEMENS ENERGY: DEALS
12.1.4 MENZEL ELEKTROMOTOREN
TABLE 113 MENZEL ELEKTROMOTOREN: COMPANY OVERVIEW
TABLE 114 MENZEL ELEKTROMOTOREN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 115 MENZEL ELEKTROMOTOREN: DEALS
12.1.5 INGETEAM
TABLE 116 INGETEAM: COMPANY OVERVIEW
TABLE 117 INGETEAM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 118 INGETEAM: OTHERS
12.1.6 CG POWER
TABLE 119 CG POWER: COMPANY OVERVIEW
FIGURE 47 CG POWER: COMPANY SNAPSHOT
TABLE 120 CG POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.7 NIDEC INDUSTRIAL SOLUTIONS
TABLE 121 NIDEC INDUSTRIAL SOLUTIONS: COMPANY OVERVIEW
TABLE 122 NIDEC INDUSTRIAL SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.8 MARELLI MOTORI
TABLE 123 MARELLI MOTORI: COMPANY OVERVIEW
TABLE 124 MARELLI MOTORI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.9 TMEIC
TABLE 125 TMEIC: COMPANY OVERVIEW
TABLE 126 TMEIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 127 TMEIC: DEALS
12.1.10 IDEAL ELECTRIC
TABLE 128 IDEAL ELECTRIC: COMPANY OVERVIEW
TABLE 129 IDEAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.11 MECC ALTE
TABLE 130 MECC ALTE: COMPANY OVERVIEW
TABLE 131 MECC ALTE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 132 MECC ALTE: PRODUCT LAUNCHES
TABLE 133 MECC ALTE: DEALS
12.1.12 HEINZMANN GMBH & CO. KG
TABLE 134 HEINZMANN GMBH & CO. KG: COMPANY OVERVIEW
TABLE 135 HEINZMANN GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 136 HEINZMANN GMBH & CO. KG: DEALS
12.1.13 MEIDENSHA CORPORATION
TABLE 137 MEIDENSHA CORPORATION: COMPANY OVERVIEW
FIGURE 48 MEIDENSHA CORPORATION: COMPANY SNAPSHOT
TABLE 138 MEIDENSHA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.14 JEUMONT ELECTRIC
TABLE 139 JEUMONT ELECTRIC: COMPANY OVERVIEW
TABLE 140 JEUMONT ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 141 JEUMONT ELECTRIC: DEALS
12.1.15 ANDRITZ GROUP
TABLE 142 ANDRITZ GROUP: COMPANY OVERVIEW
FIGURE 49 ANDRITZ GROUP: COMPANY SNAPSHOT
TABLE 143 ANDRITZ GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 144 ANDRITZ GROUP: DEALS
12.1.16 ANSALDO ENERGIA
TABLE 145 ANSALDO ENERGIA: COMPANY OVERVIEW
TABLE 146 ANSALDO ENERGIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.2 OTHER PLAYERS
12.2.1 LLOYD DYNAMOWERKE GMBH
12.2.2 ELIN MOTORS
12.2.3 PARTZSCH GROUP
12.2.4 ALCONZA
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 ADJACENT AND RELATED MARKETS
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 INTERCONNECTED MARKETS OF SYNCHRONOUS GENERATOR
13.4 SYNCHRONOUS CONDENSER MARKET
13.4.1 MARKET DEFINITION
13.4.2 LIMITATIONS
13.4.3 MARKET OVERVIEW
13.4.4 SYNCHRONOUS CONDENSER MARKET, BY TYPE
13.5 NEW SYNCHRONOUS CONDENSER
13.5.1 EXPANSION OF HVDC NETWORKS
TABLE 147 NEW SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 148 NEW SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION)
13.6 REFURBISHED SYNCHRONOUS CONDENSER
13.6.1 LOW COST OF REFURBISHED SYNCHRONOUS CONDENSER
TABLE 149 REFURBISHED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 150 REFURBISHED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION)
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING: INCLUSIONS AND EXCLUSIONS
1.3.2 SYNCHRONOUS GENERATOR MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS
1.3.3 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER: INCLUSIONS AND EXCLUSIONS
1.3.4 SYNCHRONOUS GENERATOR MARKET, BY SPEED: INCLUSIONS AND EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 SYNCHRONOUS GENERATOR MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.4.3 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.7.1 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 SYNCHRONOUS GENERATOR MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primaries
FIGURE 3 BREAKDOWN OF PRIMARIES
2.3 RECESSION IMPACT
2.4 REPORT SCOPE
FIGURE 4 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR SYNCHRONOUS GENERATORS
2.5 MARKET SIZE ESTIMATION
2.5.1 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.5.2 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.5.3 DEMAND-SIDE ANALYSIS
2.5.3.1 Regional analysis
2.5.3.2 Country-level analysis
2.5.3.3 Assumptions for demand-side analysis
2.5.3.4 Calculations to derive market size using demand-side analysis
2.5.4 SUPPLY-SIDE ANALYSIS
FIGURE 7 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF SYNCHRONOUS GENERATORS
FIGURE 8 SYNCHRONOUS GENERATOR MARKET: SUPPLY-SIDE ANALYSIS
2.5.4.1 Calculations to derive market size using supply-side analysis
2.5.4.2 Assumptions for supply-side analysis
FIGURE 9 COMPANY REVENUE ANALYSIS, 2022
2.5.5 FORECAST
3 EXECUTIVE SUMMARY
TABLE 1 SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET
FIGURE 10 CONVENTIONAL POWER GENERATION SEGMENT TO HOLD LARGEST SHARE OF SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD
FIGURE 11 20–30 MVA SEGMENT TO LEAD SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD
FIGURE 12 1,500 RPM SEGMENT TO HOLD LARGER SHARE OF SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD
FIGURE 13 OTHERS SEGMENT TO HOLD LARGEST SHARE OF SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD
FIGURE 14 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SYNCHRONOUS GENERATOR MARKET IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SYNCHRONOUS GENERATOR MARKET
FIGURE 15 RISING ENERGY DEMAND AND RELIANCE ON CONVENTIONAL POWER GENERATION
4.2 ASIA PACIFIC SYNCHRONOUS GENERATOR MARKET, BY END USER AND COUNTRY
FIGURE 16 CONVENTIONAL POWER GENERATION SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC SYNCHRONOUS GENERATOR MARKET IN 2028
4.3 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING
FIGURE 17 20–30 MVA SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
4.4 SYNCHRONOUS GENERATOR MARKET, BY END USER
FIGURE 18 CONVENTIONAL POWER GENERATION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028
4.5 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER
FIGURE 19 OTHERS SEGMENT TO LEAD SYNCHRONOUS GENERATOR MARKET IN 2028
4.6 SYNCHRONOUS GENERATOR MARKET, BY SPEED
FIGURE 20 1,500 RPM SPEED SEGMENT TO HOLD LARGER MARKET SHARE IN 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 SYNCHRONOUS GENERATOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising electricity demand and replacement of aging infrastructure
FIGURE 22 GLOBAL ENERGY CONSUMPTION, 2017–2021
5.2.1.2 Increasing oil and gas demand
FIGURE 23 GLOBAL OIL DEMAND, 2021–2026
5.2.2 RESTRAINTS
5.2.2.1 Environmental concerns associated with synchronous generators
5.2.3 OPPORTUNITIES
5.2.3.1 Cost-effectiveness associated with synchronous generators than other generator types used in thermal power plants
5.2.3.2 Ability of synchronous generators to provide uninterrupted and stable power supply
5.2.4 CHALLENGES
5.2.4.1 High manufacturing cost
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR SYNCHRONOUS GENERATOR MANUFACTURERS
FIGURE 24 REVENUE SHIFTS FOR SYNCHRONOUS GENERATOR MANUFACTURERS
5.4 MARKET MAP
TABLE 2 SYNCHRONOUS GENERATOR MARKET: ECOSYSTEM ANALYSIS
FIGURE 25 MARKET MAP/ECOSYSTEM ANALYSIS
5.5 VALUE CHAIN ANALYSIS
FIGURE 26 SYNCHRONOUS GENERATOR MARKET: VALUE CHAIN ANALYSIS
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.5.2 COMPONENT MANUFACTURERS
5.5.3 SYNCHRONOUS GENERATOR MANUFACTURERS
5.5.4 DISTRIBUTORS (BUYERS)/END USERS
5.5.5 POST-SALE SERVICE PROVIDERS
5.6 AVERAGE SELLING PRICE (ASP) ANALYSIS
TABLE 3 AVERAGE SELLING PRICE (ASP) OF SYNCHRONOUS GENERATORS BY REGION (USD), BY POWER OUTPUT RATING (2-5 MVA)
FIGURE 27 AVERAGE SELLING PRICE (ASP) OF SYNCHRONOUS GENERATORS IN DIFFERENT REGIONS, BY POWER OUTPUT RATING (2–5 MVA)
FIGURE 28 AVERAGE SELLING PRICE OF DIFFERENT TYPES OF SYNCHRONOUS GENERATORS, BY POWER RATING
5.7 TECHNOLOGY ANALYSIS
5.7.1 VIRTUAL SYNCHRONOUS GENERATOR
TABLE 4 COMPARISON OF VIRTUAL SYNCHRONOUS GENERATORS WITH TRADITIONAL SYNCHRONOUS GENERATORS
5.8 TARIFFS, CODES, AND REGULATIONS
5.8.1 TARIFFS RELATED TO SYNCHRONOUS GENERATORS
5.8.2 CODES AND REGULATIONS RELATED TO SYNCHRONOUS GENERATOR MARKET
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.8.3 CODES AND REGULATIONS RELATED TO SYNCHRONOUS GENERATORS
TABLE 10 NORTH AMERICA: CODES AND REGULATIONS
TABLE 11 ASIA PACIFIC: CODES AND REGULATIONS
TABLE 12 EUROPE: CODES AND REGULATIONS
5.9 PATENT ANALYSIS
TABLE 13 SYNCHRONOUS GENERATOR MARKET: INNOVATIONS AND PATENT REGISTRATIONS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO
TABLE 14 IMPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.10.2 EXPORT SCENARIO
TABLE 15 EXPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND)
5.11 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 16 SYNCHRONOUS GENERATOR MARKET: CONFERENCES AND EVENTS
5.12 CASE STUDY ANALYSIS
5.12.1 DEPLOYMENT OF SYNCHRONOUS GENERATOR FOR BIOMASS POWER PLANT IN SCOTLAND
5.12.2 DEPLOYMENT OF SYNCHRONOUS GENERATOR AT PAPER MILL IN SWEDEN
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 17 SYNCHRONOUS GENERATOR MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 29 SYNCHRONOUS GENERATOR MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF SUBSTITUTES
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF NEW ENTRANTS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
5.14.2 BUYING CRITERIA
FIGURE 31 KEY BUYING CRITERIA FOR END USER
TABLE 19 KEY BUYING CRITERIA, BY END USER
6 SYNCHRONOUS GENERATOR MARKET, BY SPEED
6.1 INTRODUCTION
FIGURE 32 SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2022 (%)
TABLE 20 SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
6.2 1,500 RPM
6.2.1 EXCELLENT SYNCHRONIZATION WITH GRID AND WIDENING APPLICATION SCOPE
TABLE 21 1,500 RPM: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3 3,000 RPM
6.3.1 HIGH POWER DENSITY, COMPACT SIZE, AND LIGHTWEIGHT
TABLE 22 3,000 RPM: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
7 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER
7.1 INTRODUCTION
FIGURE 33 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2022 (%)
TABLE 23 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
7.2 STEAM TURBINE
7.2.1 HIGHLY EFFICIENT AND STABLE
TABLE 24 STEAM TURBINE: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 GAS TURBINE
7.3.1 FAST START-UP TIME AND FLEXIBILITY IN FUEL CHOICE
TABLE 25 GAS TURBINE: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
7.4 OTHERS
TABLE 26 OTHERS: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
8 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING
8.1 INTRODUCTION
FIGURE 34 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2022
TABLE 27 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
8.2 2–5 MVA
8.2.1 GOVERNMENT-LED SUBSIDIES AND IMPLEMENTATION OF FAVORABLE POLICIES TO BOOST ADOPTION OF EFFICIENT POWER GENERATION TECHNOLOGIES
TABLE 28 2–5 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
8.3 5–10 MVA
8.3.1 ADVANCEMENTS IN GENERATOR TECHNOLOGY
TABLE 29 5–10 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
8.4 10–20 MVA
8.4.1 GROWING USE IN INDUSTRIAL, COMMERCIAL, AND UTILITY SECTORS ATTRIBUTED TO ADAPTABILITY AND EFFICIENT POWER GENERATION FEATURES
TABLE 30 10–20 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
8.5 20–30 MVA
8.5.1 EXPANSION AND MODERNIZATION OF POWER INFRASTRUCTURE
TABLE 31 20–30 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
8.6 30–50 MVA
8.6.1 INCREASING ELECTRICITY DEMAND
TABLE 32 30–50 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
9 SYNCHRONOUS GENERATOR MARKET, BY END USER
9.1 INTRODUCTION
FIGURE 35 SYNCHRONOUS GENERATOR MARKET, BY END USER, 2022
TABLE 33 SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
9.2 RENEWABLE POWER GENERATION
9.2.1 WIDELY USED IN HYDROELECTRIC AND WIND POWER PLANTS
TABLE 34 RENEWABLE POWER GENERATION: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
9.3 OIL & GAS
9.3.1 ABILITY TO WITHSTAND EXTREME OPERATING CONDITIONS IN OIL & GAS PLANTS
TABLE 35 OIL & GAS: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
9.4 CONVENTIONAL POWER GENERATION
9.4.1 MAJORLY USED IN LARGE BASELOAD POWER PLANTS (COAL AND NUCLEAR)
TABLE 36 CONVENTIONAL POWER GENERATION: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
9.5 INDUSTRIAL MANUFACTURING
9.5.1 USED TO MAINTAIN POWER QUALITY AND VOLTAGE STABILITY WHILE OPERATING INDUSTRIAL EQUIPMENT
TABLE 37 INDUSTRIAL MANUFACTURING: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
9.6 OTHERS
TABLE 38 OTHERS: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
10 SYNCHRONOUS GENERATOR MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 36 SYNCHRONOUS GENERATOR MARKET REGIONAL SNAPSHOT
TABLE 39 SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 40 SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (UNITS)
10.2 ASIA PACIFIC
FIGURE 37 ASIA PACIFIC: SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET
10.2.1 ASIA PACIFIC: RECESSION IMPACT
10.2.2 BY POWER RATING
TABLE 41 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
10.2.3 BY END USER
TABLE 42 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.4 BY PRIME MOVER
TABLE 43 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
10.2.5 BY SPEED
TABLE 44 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
10.2.6 BY COUNTRY
TABLE 45 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.2.7 CHINA
10.2.7.1 Rising investments in hydroelectric and combined-cycle power plants
TABLE 46 CHINA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.8 INDIA
10.2.8.1 Increasing focus on domestic manufacturing for power equipment
TABLE 47 INDIA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.9 JAPAN
10.2.9.1 Growing use of efficient equipment in thermal and nuclear power plants
TABLE 48 JAPAN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.10 AUSTRALIA
10.2.10.1 Rising natural gas and oil exploration
TABLE 49 AUSTRALIA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.11 SOUTH KOREA
10.2.11.1 Growing demand for uninterrupted power in manufacturing sector
TABLE 50 SOUTH KOREA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.2.12 REST OF ASIA PACIFIC
TABLE 51 REST OF ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3 NORTH AMERICA
FIGURE 38 NORTH AMERICA: SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET
10.3.1 NORTH AMERICA: RECESSION IMPACT
10.3.2 BY POWER RATING
TABLE 52 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
10.3.3 BY END USER
TABLE 53 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.4 BY PRIME MOVER
TABLE 54 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
10.3.5 BY SPEED
TABLE 55 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
10.3.6 BY COUNTRY
TABLE 56 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.3.7 US
10.3.7.1 Increased production and investments in power industry
TABLE 57 US: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.8 CANADA
10.3.8.1 Increased industrial activities
TABLE 58 CANADA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.3.9 MEXICO
10.3.9.1 Increase in wind turbine capacity
TABLE 59 MEXICO: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.4 EUROPE
FIGURE 39 EUROPE: SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET
10.5 EUROPE: RECESSION IMPACT
10.5.1 BY POWER RATING
TABLE 60 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
10.5.2 BY END USER
TABLE 61 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.3 BY PRIME MOVER
TABLE 62 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
10.5.4 BY SPEED
TABLE 63 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
10.5.5 BY COUNTRY
TABLE 64 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.5.6 GERMANY
10.5.6.1 Retrofitting of old power plants
TABLE 65 GERMANY: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.7 FRANCE
10.5.7.1 Rising investment in natural gas and nuclear power plants
TABLE 66 FRANCE: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.8 UK
10.5.8.1 High dependency on gas-fired power plants
TABLE 67 UK: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.9 ITALY
10.5.9.1 Modernization and upgrade of old power infrastructure
TABLE 68 ITALY: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.10 SPAIN
10.5.10.1 High dependence on fossil fuels and natural gas power plants
TABLE 69 SPAIN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.11 POLAND
10.5.11.1 Rising need for power in decentralized locations
TABLE 70 POLAND: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.12 DENMARK
10.5.12.1 Increasing investments in gas-fired power plants to replace coal power plants
TABLE 71 DENMARK: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.13 CZECH REPUBLIC
10.5.13.1 Upgrade of conventional power plants
TABLE 72 CZECH REPUBLIC: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.14 AUSTRIA
10.5.14.1 Growing demand for off-grid power solutions
TABLE 73 AUSTRIA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.5.15 REST OF EUROPE
TABLE 74 REST OF EUROPE: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6 SOUTH AMERICA
10.6.1 SOUTH AMERICA: RECESSION IMPACT
10.6.2 BY POWER RATING
TABLE 75 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
10.6.3 BY END USER
TABLE 76 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.4 BY PRIME MOVER
TABLE 77 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
10.6.5 BY SPEED
TABLE 78 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
10.6.6 BY COUNTRY
TABLE 79 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.6.7 BRAZIL
10.6.7.1 Increased oil and natural gas production
TABLE 80 BRAZIL: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.8 ARGENTINA
10.6.8.1 Increasing demand for efficient and reliable power equipment
TABLE 81 ARGENTINA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.6.9 REST OF SOUTH AMERICA
TABLE 82 REST OF SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7 MIDDLE EAST & AFRICA
10.7.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
10.7.2 BY POWER RATING
TABLE 83 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION)
10.7.3 BY END USER
TABLE 84 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7.4 BY PRIME MOVER
TABLE 85 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION)
10.7.5 BY SPEED
TABLE 86 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION)
10.7.6 BY COUNTRY
TABLE 87 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
10.7.7 JORDAN
10.7.7.1 Presence of favorable government policies
TABLE 88 JORDAN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7.8 SOUTH AFRICA
10.7.8.1 Increasing investments and developments in power infrastructure
TABLE 89 SOUTH AFRICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7.9 EGYPT
10.7.9.1 Major dependency on conventional power generation
TABLE 90 EGYPT: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7.10 IRAN
10.7.10.1 Government policies and increased consumption of coal-based energy
TABLE 91 IRAN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION)
10.7.11 REST OF MIDDLE EAST & AFRICA
TABLE 92 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET , BY END USER, 2021–2028 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 KEY STRATEGIES ADOPTED BY MAJOR MARKET PLAYERS
TABLE 93 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022
11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2022
FIGURE 40 SYNCHRONOUS GENERATOR MARKET SHARE ANALYSIS, 2022
11.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 41 REVENUE ANALYSIS OF TOP FIVE PLAYERS IN SYNCHRONOUS GENERATOR MARKET, 2018–2022
11.4 COMPANY EVALUATION QUADRANT, 2022
11.4.1 STARS
11.4.2 PERVASIVE PLAYERS
11.4.3 EMERGING LEADERS
11.4.4 PARTICIPANTS
FIGURE 42 SYNCHRONOUS GENERATOR MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2022
11.5 SYNCHRONOUS GENERATOR MARKET: COMPANY FOOTPRINT
TABLE 94 POWER RATING: COMPANY FOOTPRINT
TABLE 95 END USER: COMPANY FOOTPRINT
TABLE 96 REGION: COMPANY FOOTPRINT
TABLE 97 COMPANY FOOTPRINT
11.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION QUADRANT, 2022
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 43 SYNCHRONOUS GENERATOR MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
11.7 COMPETITIVE BENCHMARKING
TABLE 98 SYNCHRONOUS GENERATOR MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 99 SYNCHRONOUS GENERATOR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.8 COMPETITIVE SCENARIO AND TRENDS
TABLE 100 SYNCHRONOUS GENERATOR MARKET: OTHERS, JULY 2019–MARCH 2023
TABLE 101 SYNCHRONOUS GENERATOR MARKET: DEALS, JULY 2021–FEBRUARY 2023
12 COMPANY PROFILES
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS
12.1.1 ABB
TABLE 102 ABB: COMPANY OVERVIEW
FIGURE 44 ABB: COMPANY SNAPSHOT
TABLE 103 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 104 ABB: PRODUCT LAUNCHES
TABLE 105 ABB: DEALS
12.1.2 WEG
TABLE 106 WEG: COMPANY OVERVIEW
FIGURE 45 WEG: COMPANY SNAPSHOT
TABLE 107 WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 108 WEG: PRODUCT LAUNCHES
TABLE 109 WEG: DEALS
12.1.3 SIEMENS ENERGY
TABLE 110 SIEMENS ENERGY: COMPANY OVERVIEW
FIGURE 46 SIEMENS ENERGY: COMPANY SNAPSHOT
TABLE 111 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 112 SIEMENS ENERGY: DEALS
12.1.4 MENZEL ELEKTROMOTOREN
TABLE 113 MENZEL ELEKTROMOTOREN: COMPANY OVERVIEW
TABLE 114 MENZEL ELEKTROMOTOREN: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 115 MENZEL ELEKTROMOTOREN: DEALS
12.1.5 INGETEAM
TABLE 116 INGETEAM: COMPANY OVERVIEW
TABLE 117 INGETEAM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 118 INGETEAM: OTHERS
12.1.6 CG POWER
TABLE 119 CG POWER: COMPANY OVERVIEW
FIGURE 47 CG POWER: COMPANY SNAPSHOT
TABLE 120 CG POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.7 NIDEC INDUSTRIAL SOLUTIONS
TABLE 121 NIDEC INDUSTRIAL SOLUTIONS: COMPANY OVERVIEW
TABLE 122 NIDEC INDUSTRIAL SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.8 MARELLI MOTORI
TABLE 123 MARELLI MOTORI: COMPANY OVERVIEW
TABLE 124 MARELLI MOTORI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.9 TMEIC
TABLE 125 TMEIC: COMPANY OVERVIEW
TABLE 126 TMEIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 127 TMEIC: DEALS
12.1.10 IDEAL ELECTRIC
TABLE 128 IDEAL ELECTRIC: COMPANY OVERVIEW
TABLE 129 IDEAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.11 MECC ALTE
TABLE 130 MECC ALTE: COMPANY OVERVIEW
TABLE 131 MECC ALTE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 132 MECC ALTE: PRODUCT LAUNCHES
TABLE 133 MECC ALTE: DEALS
12.1.12 HEINZMANN GMBH & CO. KG
TABLE 134 HEINZMANN GMBH & CO. KG: COMPANY OVERVIEW
TABLE 135 HEINZMANN GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 136 HEINZMANN GMBH & CO. KG: DEALS
12.1.13 MEIDENSHA CORPORATION
TABLE 137 MEIDENSHA CORPORATION: COMPANY OVERVIEW
FIGURE 48 MEIDENSHA CORPORATION: COMPANY SNAPSHOT
TABLE 138 MEIDENSHA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.14 JEUMONT ELECTRIC
TABLE 139 JEUMONT ELECTRIC: COMPANY OVERVIEW
TABLE 140 JEUMONT ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 141 JEUMONT ELECTRIC: DEALS
12.1.15 ANDRITZ GROUP
TABLE 142 ANDRITZ GROUP: COMPANY OVERVIEW
FIGURE 49 ANDRITZ GROUP: COMPANY SNAPSHOT
TABLE 143 ANDRITZ GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 144 ANDRITZ GROUP: DEALS
12.1.16 ANSALDO ENERGIA
TABLE 145 ANSALDO ENERGIA: COMPANY OVERVIEW
TABLE 146 ANSALDO ENERGIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.2 OTHER PLAYERS
12.2.1 LLOYD DYNAMOWERKE GMBH
12.2.2 ELIN MOTORS
12.2.3 PARTZSCH GROUP
12.2.4 ALCONZA
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 ADJACENT AND RELATED MARKETS
13.1 INTRODUCTION
13.2 LIMITATIONS
13.3 INTERCONNECTED MARKETS OF SYNCHRONOUS GENERATOR
13.4 SYNCHRONOUS CONDENSER MARKET
13.4.1 MARKET DEFINITION
13.4.2 LIMITATIONS
13.4.3 MARKET OVERVIEW
13.4.4 SYNCHRONOUS CONDENSER MARKET, BY TYPE
13.5 NEW SYNCHRONOUS CONDENSER
13.5.1 EXPANSION OF HVDC NETWORKS
TABLE 147 NEW SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 148 NEW SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION)
13.6 REFURBISHED SYNCHRONOUS CONDENSER
13.6.1 LOW COST OF REFURBISHED SYNCHRONOUS CONDENSER
TABLE 149 REFURBISHED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 150 REFURBISHED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION)
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
