出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
同期発電機市場 : 原動機 (蒸気タービン、ガスタービン)、速度 (1,500 RPM、3,000 RPM)、定格電力 (2 ～ 5 MVA、5 ～ 10 MVA、10 ～ 20 MVA、20 ～ 30 MVA、30 ～ 50 MVA)、エンドユーザー（再生可能発電）＆地域別 – 2028年までの世界予測
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
| ページ数 | 195 |
| 図表数 | 199 |
| 種別 | 英文調査報告書 |
| 価格 |
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:
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: Others include product engineers, product specialists, and engineering leads.
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.
目次
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 INCLUSIONS AND EXCLUSIONS 28
1.3.1 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING: INCLUSIONS AND EXCLUSIONS 28
1.3.2 SYNCHRONOUS GENERATOR MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS 28
1.3.3 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER: INCLUSIONS AND EXCLUSIONS 29
1.3.4 SYNCHRONOUS GENERATOR MARKET, BY SPEED: INCLUSIONS AND EXCLUSIONS 29
1.4 MARKET SCOPE 29
1.4.1 SYNCHRONOUS GENERATOR MARKET SEGMENTATION 29
1.4.2 REGIONAL SCOPE 30
1.4.3 YEARS CONSIDERED 30
1.5 CURRENCY CONSIDERED 31
1.6 LIMITATIONS 31
1.7 STAKEHOLDERS 31
1.7.1 RECESSION IMPACT 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 1 SYNCHRONOUS GENERATOR MARKET: RESEARCH DESIGN 32
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 33
FIGURE 2 DATA TRIANGULATION 33
2.2.1 SECONDARY DATA 34
2.2.1.1 Key data from secondary sources 34
2.2.2 PRIMARY DATA 34
2.2.2.1 Key data from primary sources 35
2.2.2.2 Breakdown of primaries 35
FIGURE 3 BREAKDOWN OF PRIMARIES 36
2.3 RECESSION IMPACT 36
2.4 REPORT SCOPE 36
FIGURE 4 MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR SYNCHRONOUS GENERATORS 37
2.5 MARKET SIZE ESTIMATION 37
2.5.1 BOTTOM-UP APPROACH 37
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 38
2.5.2 TOP-DOWN APPROACH 39
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 39
2.5.3 DEMAND-SIDE ANALYSIS 40
2.5.3.1 Regional analysis 40
2.5.3.2 Country-level analysis 41
2.5.3.3 Assumptions for demand-side analysis 41
2.5.3.4 Calculations to derive market size using demand-side analysis 41
2.5.4 SUPPLY-SIDE ANALYSIS 42
FIGURE 7 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF SYNCHRONOUS GENERATORS 42
FIGURE 8 SYNCHRONOUS GENERATOR MARKET: SUPPLY-SIDE ANALYSIS 43
2.5.4.1 Calculations to derive market size using supply-side analysis 43
2.5.4.2 Assumptions for supply-side analysis 43
FIGURE 9 COMPANY REVENUE ANALYSIS, 2022 44
2.5.5 FORECAST 44
3 EXECUTIVE SUMMARY 45
TABLE 1 SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET 46
FIGURE 10 CONVENTIONAL POWER GENERATION SEGMENT TO HOLD LARGEST SHARE OF SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD 47
FIGURE 11 20–30 MVA SEGMENT TO LEAD SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD 47
FIGURE 12 1,500 RPM SEGMENT TO HOLD LARGER SHARE OF SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD 48
FIGURE 13 OTHERS SEGMENT TO HOLD LARGEST SHARE OF SYNCHRONOUS GENERATOR MARKET DURING FORECAST PERIOD 48
FIGURE 14 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SYNCHRONOUS GENERATOR MARKET IN 2022 49
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SYNCHRONOUS GENERATOR MARKET 50
FIGURE 15 RISING ENERGY DEMAND AND RELIANCE ON CONVENTIONAL POWER GENERATION 50
4.2 ASIA PACIFIC SYNCHRONOUS GENERATOR MARKET, BY END USER AND COUNTRY 51
FIGURE 16 CONVENTIONAL POWER GENERATION SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC SYNCHRONOUS GENERATOR MARKET IN 2028 51
4.3 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING 51
FIGURE 17 20–30 MVA SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028 51
4.4 SYNCHRONOUS GENERATOR MARKET, BY END USER 52
FIGURE 18 CONVENTIONAL POWER GENERATION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2028 52
4.5 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER 52
FIGURE 19 OTHERS SEGMENT TO LEAD SYNCHRONOUS GENERATOR MARKET IN 2028 52
4.6 SYNCHRONOUS GENERATOR MARKET, BY SPEED 53
FIGURE 20 1,500 RPM SPEED SEGMENT TO HOLD LARGER MARKET SHARE IN 2028 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 21 SYNCHRONOUS GENERATOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
5.2.1 DRIVERS 55
5.2.1.1 Rising electricity demand and replacement of aging infrastructure 55
FIGURE 22 GLOBAL ENERGY CONSUMPTION, 2017–2021 55
5.2.1.2 Increasing oil and gas demand 55
FIGURE 23 GLOBAL OIL DEMAND, 2021–2026 56
5.2.2 RESTRAINTS 56
5.2.2.1 Environmental concerns associated with synchronous generators 56
5.2.3 OPPORTUNITIES 57
5.2.3.1 Cost-effectiveness associated with synchronous generators than other generator types used in thermal power plants 57
5.2.3.2 Ability of synchronous generators to provide uninterrupted and stable power supply 57
5.2.4 CHALLENGES 58
5.2.4.1 High manufacturing cost 58
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 58
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR SYNCHRONOUS GENERATOR MANUFACTURERS 58
FIGURE 24 REVENUE SHIFTS FOR SYNCHRONOUS GENERATOR MANUFACTURERS 58
5.4 MARKET MAP 59
TABLE 2 SYNCHRONOUS GENERATOR MARKET: ECOSYSTEM ANALYSIS 59
FIGURE 25 MARKET MAP/ECOSYSTEM ANALYSIS 60
5.5 VALUE CHAIN ANALYSIS 61
FIGURE 26 SYNCHRONOUS GENERATOR MARKET: VALUE CHAIN ANALYSIS 61
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS 61
5.5.2 COMPONENT MANUFACTURERS 61
5.5.3 SYNCHRONOUS GENERATOR MANUFACTURERS 61
5.5.4 DISTRIBUTORS (BUYERS)/END USERS 62
5.5.5 POST-SALE SERVICE PROVIDERS 62
5.6 AVERAGE SELLING PRICE (ASP) ANALYSIS 62
TABLE 3 AVERAGE SELLING PRICE (ASP) OF SYNCHRONOUS GENERATORS BY REGION (USD), BY POWER OUTPUT RATING (2-5 MVA) 62
FIGURE 27 AVERAGE SELLING PRICE (ASP) OF SYNCHRONOUS GENERATORS IN DIFFERENT REGIONS, BY POWER OUTPUT RATING (2–5 MVA) 63
FIGURE 28 AVERAGE SELLING PRICE OF DIFFERENT TYPES OF SYNCHRONOUS GENERATORS, BY POWER RATING 63
5.7 TECHNOLOGY ANALYSIS 64
5.7.1 VIRTUAL SYNCHRONOUS GENERATOR 64
TABLE 4 COMPARISON OF VIRTUAL SYNCHRONOUS GENERATORS WITH TRADITIONAL SYNCHRONOUS GENERATORS 64
5.8 TARIFFS, CODES, AND REGULATIONS 65
5.8.1 TARIFFS RELATED TO SYNCHRONOUS GENERATORS 65
5.8.2 CODES AND REGULATIONS RELATED TO SYNCHRONOUS GENERATOR MARKET 66
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 67
TABLE 8 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
TABLE 9 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
5.8.3 CODES AND REGULATIONS RELATED TO SYNCHRONOUS GENERATORS 69
TABLE 10 NORTH AMERICA: CODES AND REGULATIONS 69
TABLE 11 ASIA PACIFIC: CODES AND REGULATIONS 69
TABLE 12 EUROPE: CODES AND REGULATIONS 70
5.9 PATENT ANALYSIS 70
TABLE 13 SYNCHRONOUS GENERATOR MARKET: INNOVATIONS AND PATENT REGISTRATIONS 70
5.10 TRADE ANALYSIS 73
5.10.1 IMPORT SCENARIO 73
TABLE 14 IMPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND) 73
5.10.2 EXPORT SCENARIO 74
TABLE 15 EXPORT SCENARIO FOR HS CODE: 8501, BY COUNTRY, 2020–2022 (USD THOUSAND) 74
5.11 KEY CONFERENCES AND EVENTS, 2023–2024 75
TABLE 16 SYNCHRONOUS GENERATOR MARKET: CONFERENCES AND EVENTS 75
5.12 CASE STUDY ANALYSIS 76
5.12.1 DEPLOYMENT OF SYNCHRONOUS GENERATOR FOR BIOMASS POWER PLANT IN SCOTLAND 76
5.12.2 DEPLOYMENT OF SYNCHRONOUS GENERATOR AT PAPER MILL IN SWEDEN 76
5.13 PORTER’S FIVE FORCES ANALYSIS 77
TABLE 17 SYNCHRONOUS GENERATOR MARKET: PORTER’S FIVE FORCES ANALYSIS 77
FIGURE 29 SYNCHRONOUS GENERATOR MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.13.1 THREAT OF SUBSTITUTES 78
5.13.2 BARGAINING POWER OF SUPPLIERS 78
5.13.3 BARGAINING POWER OF BUYERS 78
5.13.4 THREAT OF NEW ENTRANTS 78
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 79
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 79
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER 79
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%) 79
5.14.2 BUYING CRITERIA 80
FIGURE 31 KEY BUYING CRITERIA FOR END USER 80
TABLE 19 KEY BUYING CRITERIA, BY END USER 80
6 SYNCHRONOUS GENERATOR MARKET, BY SPEED 81
6.1 INTRODUCTION 82
FIGURE 32 SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2022 (%) 82
TABLE 20 SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION) 82
6.2 1,500 RPM 82
6.2.1 EXCELLENT SYNCHRONIZATION WITH GRID AND WIDENING APPLICATION SCOPE 82
TABLE 21 1,500 RPM: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 83
6.3 3,000 RPM 83
6.3.1 HIGH POWER DENSITY, COMPACT SIZE, AND LIGHTWEIGHT 83
TABLE 22 3,000 RPM: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 83
7 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER 84
7.1 INTRODUCTION 85
FIGURE 33 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2022 (%) 85
TABLE 23 SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION) 85
7.2 STEAM TURBINE 85
7.2.1 HIGHLY EFFICIENT AND STABLE 85
TABLE 24 STEAM TURBINE: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 86
7.3 GAS TURBINE 86
7.3.1 FAST START-UP TIME AND FLEXIBILITY IN FUEL CHOICE 86
TABLE 25 GAS TURBINE: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 86
7.4 OTHERS 87
TABLE 26 OTHERS: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 87
8 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING 88
8.1 INTRODUCTION 89
FIGURE 34 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2022 89
TABLE 27 SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION) 89
8.2 2–5 MVA 90
8.2.1 GOVERNMENT-LED SUBSIDIES AND IMPLEMENTATION OF FAVORABLE POLICIES TO BOOST ADOPTION OF EFFICIENT POWER GENERATION TECHNOLOGIES 90
TABLE 28 2–5 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 90
8.3 5–10 MVA 90
8.3.1 ADVANCEMENTS IN GENERATOR TECHNOLOGY 90
TABLE 29 5–10 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 91
8.4 10–20 MVA 91
8.4.1 GROWING USE IN INDUSTRIAL, COMMERCIAL, AND UTILITY SECTORS ATTRIBUTED TO ADAPTABILITY AND EFFICIENT POWER GENERATION FEATURES 91
TABLE 30 10–20 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 91
8.5 20–30 MVA 92
8.5.1 EXPANSION AND MODERNIZATION OF POWER INFRASTRUCTURE 92
TABLE 31 20–30 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 92
8.6 30–50 MVA 92
8.6.1 INCREASING ELECTRICITY DEMAND 92
TABLE 32 30–50 MVA: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 93
9 SYNCHRONOUS GENERATOR MARKET, BY END USER 94
9.1 INTRODUCTION 95
FIGURE 35 SYNCHRONOUS GENERATOR MARKET, BY END USER, 2022 95
TABLE 33 SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 95
9.2 RENEWABLE POWER GENERATION 96
9.2.1 WIDELY USED IN HYDROELECTRIC AND WIND POWER PLANTS 96
TABLE 34 RENEWABLE POWER GENERATION: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 96
9.3 OIL & GAS 96
9.3.1 ABILITY TO WITHSTAND EXTREME OPERATING CONDITIONS IN OIL & GAS PLANTS 96
TABLE 35 OIL & GAS: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 97
9.4 CONVENTIONAL POWER GENERATION 97
9.4.1 MAJORLY USED IN LARGE BASELOAD POWER PLANTS (COAL AND NUCLEAR) 97
TABLE 36 CONVENTIONAL POWER GENERATION: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 97
9.5 INDUSTRIAL MANUFACTURING 98
9.5.1 USED TO MAINTAIN POWER QUALITY AND VOLTAGE STABILITY WHILE OPERATING INDUSTRIAL EQUIPMENT 98
TABLE 37 INDUSTRIAL MANUFACTURING: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 98
9.6 OTHERS 98
TABLE 38 OTHERS: SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 99
10 SYNCHRONOUS GENERATOR MARKET, BY REGION 100
10.1 INTRODUCTION 101
FIGURE 36 SYNCHRONOUS GENERATOR MARKET REGIONAL SNAPSHOT 101
TABLE 39 SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (USD MILLION) 101
TABLE 40 SYNCHRONOUS GENERATOR MARKET, BY REGION, 2021–2028 (UNITS) 102
10.2 ASIA PACIFIC 102
FIGURE 37 ASIA PACIFIC: SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET 103
10.2.1 ASIA PACIFIC: RECESSION IMPACT 104
10.2.2 BY POWER RATING 104
TABLE 41 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION) 104
10.2.3 BY END USER 104
TABLE 42 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 104
10.2.4 BY PRIME MOVER 105
TABLE 43 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION) 105
10.2.5 BY SPEED 105
TABLE 44 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION) 105
10.2.6 BY COUNTRY 105
TABLE 45 ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 105
10.2.7 CHINA 106
10.2.7.1 Rising investments in hydroelectric and combined-cycle power plants 106
TABLE 46 CHINA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 106
10.2.8 INDIA 106
10.2.8.1 Increasing focus on domestic manufacturing for power equipment 106
TABLE 47 INDIA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 107
10.2.9 JAPAN 107
10.2.9.1 Growing use of efficient equipment in thermal and nuclear power plants 107
TABLE 48 JAPAN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 107
10.2.10 AUSTRALIA 108
10.2.10.1 Rising natural gas and oil exploration 108
TABLE 49 AUSTRALIA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 108
10.2.11 SOUTH KOREA 108
10.2.11.1 Growing demand for uninterrupted power in manufacturing sector 108
TABLE 50 SOUTH KOREA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 109
10.2.12 REST OF ASIA PACIFIC 109
TABLE 51 REST OF ASIA PACIFIC: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 109
10.3 NORTH AMERICA 110
FIGURE 38 NORTH AMERICA: SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET 110
10.3.1 NORTH AMERICA: RECESSION IMPACT 111
10.3.2 BY POWER RATING 111
TABLE 52 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION) 111
10.3.3 BY END USER 111
TABLE 53 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 111
10.3.4 BY PRIME MOVER 112
TABLE 54 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION) 112
10.3.5 BY SPEED 112
TABLE 55 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION) 112
10.3.6 BY COUNTRY 112
TABLE 56 NORTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 112
10.3.7 US 113
10.3.7.1 Increased production and investments in power industry 113
TABLE 57 US: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 113
10.3.8 CANADA 113
10.3.8.1 Increased industrial activities 113
TABLE 58 CANADA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 114
10.3.9 MEXICO 114
10.3.9.1 Increase in wind turbine capacity 114
TABLE 59 MEXICO: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 114
10.4 EUROPE 115
FIGURE 39 EUROPE: SNAPSHOT OF SYNCHRONOUS GENERATOR MARKET 115
10.5 EUROPE: RECESSION IMPACT 116
10.5.1 BY POWER RATING 116
TABLE 60 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION) 116
10.5.2 BY END USER 116
TABLE 61 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 116
10.5.3 BY PRIME MOVER 117
TABLE 62 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION) 117
10.5.4 BY SPEED 117
TABLE 63 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION) 117
10.5.5 BY COUNTRY 117
TABLE 64 EUROPE: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 117
10.5.6 GERMANY 118
10.5.6.1 Retrofitting of old power plants 118
TABLE 65 GERMANY: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 118
10.5.7 FRANCE 118
10.5.7.1 Rising investment in natural gas and nuclear power plants 118
TABLE 66 FRANCE: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 119
10.5.8 UK 119
10.5.8.1 High dependency on gas-fired power plants 119
TABLE 67 UK: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 119
10.5.9 ITALY 120
10.5.9.1 Modernization and upgrade of old power infrastructure 120
TABLE 68 ITALY: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 120
10.5.10 SPAIN 120
10.5.10.1 High dependence on fossil fuels and natural gas power plants 120
TABLE 69 SPAIN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 121
10.5.11 POLAND 121
10.5.11.1 Rising need for power in decentralized locations 121
TABLE 70 POLAND: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 121
10.5.12 DENMARK 122
10.5.12.1 Increasing investments in gas-fired power plants to replace coal power plants 122
TABLE 71 DENMARK: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 122
10.5.13 CZECH REPUBLIC 122
10.5.13.1 Upgrade of conventional power plants 122
TABLE 72 CZECH REPUBLIC: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 123
10.5.14 AUSTRIA 123
10.5.14.1 Growing demand for off-grid power solutions 123
TABLE 73 AUSTRIA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 123
10.5.15 REST OF EUROPE 124
TABLE 74 REST OF EUROPE: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 124
10.6 SOUTH AMERICA 124
10.6.1 SOUTH AMERICA: RECESSION IMPACT 125
10.6.2 BY POWER RATING 125
TABLE 75 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION) 125
10.6.3 BY END USER 125
TABLE 76 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 125
10.6.4 BY PRIME MOVER 126
TABLE 77 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION) 126
10.6.5 BY SPEED 126
TABLE 78 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION) 126
10.6.6 BY COUNTRY 126
TABLE 79 SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 126
10.6.7 BRAZIL 127
10.6.7.1 Increased oil and natural gas production 127
TABLE 80 BRAZIL: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 127
10.6.8 ARGENTINA 127
10.6.8.1 Increasing demand for efficient and reliable power equipment 127
TABLE 81 ARGENTINA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 128
10.6.9 REST OF SOUTH AMERICA 128
TABLE 82 REST OF SOUTH AMERICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 128
10.7 MIDDLE EAST & AFRICA 129
10.7.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 129
10.7.2 BY POWER RATING 129
TABLE 83 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY POWER RATING, 2021–2028 (USD MILLION) 129
10.7.3 BY END USER 130
TABLE 84 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 130
10.7.4 BY PRIME MOVER 130
TABLE 85 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY PRIME MOVER, 2021–2028 (USD MILLION) 130
10.7.5 BY SPEED 130
TABLE 86 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY SPEED, 2021–2028 (USD MILLION) 130
10.7.6 BY COUNTRY 131
TABLE 87 MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET, BY COUNTRY, 2021–2028 (USD MILLION) 131
10.7.7 JORDAN 131
10.7.7.1 Presence of favorable government policies 131
TABLE 88 JORDAN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 131
10.7.8 SOUTH AFRICA 132
10.7.8.1 Increasing investments and developments in power infrastructure 132
TABLE 89 SOUTH AFRICA: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 132
10.7.9 EGYPT 132
10.7.9.1 Major dependency on conventional power generation 132
TABLE 90 EGYPT: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 133
10.7.10 IRAN 133
10.7.10.1 Government policies and increased consumption of coal-based energy 133
TABLE 91 IRAN: SYNCHRONOUS GENERATOR MARKET, BY END USER, 2021–2028 (USD MILLION) 133
10.7.11 REST OF MIDDLE EAST & AFRICA 134
TABLE 92 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS GENERATOR MARKET , BY END USER, 2021–2028 (USD MILLION) 134
11 COMPETITIVE LANDSCAPE 135
11.1 KEY STRATEGIES ADOPTED BY MAJOR MARKET PLAYERS 135
TABLE 93 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2018–2022 135
11.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2022 137
FIGURE 40 SYNCHRONOUS GENERATOR MARKET SHARE ANALYSIS, 2022 137
11.3 FIVE-YEAR COMPANY REVENUE ANALYSIS 138
FIGURE 41 REVENUE ANALYSIS OF TOP FIVE PLAYERS IN SYNCHRONOUS GENERATOR MARKET, 2018–2022 138
11.4 COMPANY EVALUATION QUADRANT, 2022 139
11.4.1 STARS 139
11.4.2 PERVASIVE PLAYERS 139
11.4.3 EMERGING LEADERS 139
11.4.4 PARTICIPANTS 139
FIGURE 42 SYNCHRONOUS GENERATOR MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2022 140
11.5 SYNCHRONOUS GENERATOR MARKET: COMPANY FOOTPRINT 141
TABLE 94 POWER RATING: COMPANY FOOTPRINT 141
TABLE 95 END USER: COMPANY FOOTPRINT 142
TABLE 96 REGION: COMPANY FOOTPRINT 143
TABLE 97 COMPANY FOOTPRINT 144
11.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION QUADRANT, 2022 145
11.6.1 PROGRESSIVE COMPANIES 145
11.6.2 RESPONSIVE COMPANIES 145
11.6.3 DYNAMIC COMPANIES 145
11.6.4 STARTING BLOCKS 145
FIGURE 43 SYNCHRONOUS GENERATOR MARKET: STARTUP/SME EVALUATION QUADRANT, 2021 146
11.7 COMPETITIVE BENCHMARKING 147
TABLE 98 SYNCHRONOUS GENERATOR MARKET: DETAILED LIST OF KEY STARTUPS/SMES 147
TABLE 99 SYNCHRONOUS GENERATOR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 148
11.8 COMPETITIVE SCENARIO AND TRENDS 149
TABLE 100 SYNCHRONOUS GENERATOR MARKET: OTHERS, JULY 2019–MARCH 2023 149
TABLE 101 SYNCHRONOUS GENERATOR MARKET: DEALS, JULY 2021–FEBRUARY 2023 149
12 COMPANY PROFILES 150
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS 150
12.1.1 ABB 150
TABLE 102 ABB: COMPANY OVERVIEW 150
FIGURE 44 ABB: COMPANY SNAPSHOT 151
TABLE 103 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 152
TABLE 104 ABB: PRODUCT LAUNCHES 153
TABLE 105 ABB: DEALS 153
12.1.2 WEG 155
TABLE 106 WEG: COMPANY OVERVIEW 155
FIGURE 45 WEG: COMPANY SNAPSHOT 155
TABLE 107 WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 156
TABLE 108 WEG: PRODUCT LAUNCHES 156
TABLE 109 WEG: DEALS 156
12.1.3 SIEMENS ENERGY 158
TABLE 110 SIEMENS ENERGY: COMPANY OVERVIEW 158
FIGURE 46 SIEMENS ENERGY: COMPANY SNAPSHOT 159
TABLE 111 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 159
TABLE 112 SIEMENS ENERGY: DEALS 160
12.1.4 MENZEL ELEKTROMOTOREN 161
TABLE 113 MENZEL ELEKTROMOTOREN: COMPANY OVERVIEW 161
TABLE 114 MENZEL ELEKTROMOTOREN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 161
TABLE 115 MENZEL ELEKTROMOTOREN: DEALS 162
12.1.5 INGETEAM 163
TABLE 116 INGETEAM: COMPANY OVERVIEW 163
TABLE 117 INGETEAM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 163
TABLE 118 INGETEAM: OTHERS 164
12.1.6 CG POWER 165
TABLE 119 CG POWER: COMPANY OVERVIEW 165
FIGURE 47 CG POWER: COMPANY SNAPSHOT 165
TABLE 120 CG POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 166
12.1.7 NIDEC INDUSTRIAL SOLUTIONS 167
TABLE 121 NIDEC INDUSTRIAL SOLUTIONS: COMPANY OVERVIEW 167
TABLE 122 NIDEC INDUSTRIAL SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 167
12.1.8 MARELLI MOTORI 168
TABLE 123 MARELLI MOTORI: COMPANY OVERVIEW 168
TABLE 124 MARELLI MOTORI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 168
12.1.9 TMEIC 170
TABLE 125 TMEIC: COMPANY OVERVIEW 170
TABLE 126 TMEIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 170
TABLE 127 TMEIC: DEALS 171
12.1.10 IDEAL ELECTRIC 172
TABLE 128 IDEAL ELECTRIC: COMPANY OVERVIEW 172
TABLE 129 IDEAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 172
12.1.11 MECC ALTE 173
TABLE 130 MECC ALTE: COMPANY OVERVIEW 173
TABLE 131 MECC ALTE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 173
TABLE 132 MECC ALTE: PRODUCT LAUNCHES 174
TABLE 133 MECC ALTE: DEALS 175
12.1.12 HEINZMANN GMBH & CO. KG 176
TABLE 134 HEINZMANN GMBH & CO. KG: COMPANY OVERVIEW 176
TABLE 135 HEINZMANN GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 176
TABLE 136 HEINZMANN GMBH & CO. KG: DEALS 177
12.1.13 MEIDENSHA CORPORATION 178
TABLE 137 MEIDENSHA CORPORATION: COMPANY OVERVIEW 178
FIGURE 48 MEIDENSHA CORPORATION: COMPANY SNAPSHOT 179
TABLE 138 MEIDENSHA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
12.1.14 JEUMONT ELECTRIC 181
TABLE 139 JEUMONT ELECTRIC: COMPANY OVERVIEW 181
TABLE 140 JEUMONT ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 181
TABLE 141 JEUMONT ELECTRIC: DEALS 182
12.1.15 ANDRITZ GROUP 183
TABLE 142 ANDRITZ GROUP: COMPANY OVERVIEW 183
FIGURE 49 ANDRITZ GROUP: COMPANY SNAPSHOT 184
TABLE 143 ANDRITZ GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 184
TABLE 144 ANDRITZ GROUP: DEALS 185
12.1.16 ANSALDO ENERGIA 186
TABLE 145 ANSALDO ENERGIA: COMPANY OVERVIEW 186
TABLE 146 ANSALDO ENERGIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 186
12.2 OTHER PLAYERS 187
12.2.1 LLOYD DYNAMOWERKE GMBH 187
12.2.2 ELIN MOTORS 187
12.2.3 PARTZSCH GROUP 188
12.2.4 ALCONZA 188
*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 189
13.1 INTRODUCTION 189
13.2 LIMITATIONS 189
13.3 INTERCONNECTED MARKETS OF SYNCHRONOUS GENERATOR 189
13.4 SYNCHRONOUS CONDENSER MARKET 189
13.4.1 MARKET DEFINITION 189
13.4.2 LIMITATIONS 190
13.4.3 MARKET OVERVIEW 190
13.4.4 SYNCHRONOUS CONDENSER MARKET, BY TYPE 190
13.5 NEW SYNCHRONOUS CONDENSER 190
13.5.1 EXPANSION OF HVDC NETWORKS 190
TABLE 147 NEW SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 190
TABLE 148 NEW SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 191
13.6 REFURBISHED SYNCHRONOUS CONDENSER 191
13.6.1 LOW COST OF REFURBISHED SYNCHRONOUS CONDENSER 191
TABLE 149 REFURBISHED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 191
TABLE 150 REFURBISHED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 192
14 APPENDIX 193
14.1 INSIGHTS FROM INDUSTRY EXPERTS 193
14.2 DISCUSSION GUIDE 193
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 197
14.4 CUSTOMIZATION OPTIONS 199
14.5 RELATED REPORTS 199
14.6 AUTHOR DETAILS 200