PUNE, India, February 5, 2018 /PRNewswire/ —
The report “Variable Speed Generator Market by Type (Permanent Magnet, Doubly Fed Induction, Self-Excitation Induction, Wound Rotor Induction), Prime Mover (Wind, Hydro, Steam & Gas Turbine, Ic Engine), Technology, Power, End-User, Region – Global Forecast to 2022″, published by MarketsandMarkets™, the global market is projected to reach USD 8.36 billion by 2022. The Variable Speed Generator Market is expected to grow from an estimated USD 5.79 billion in 2017 to USD 8.36 billion by 2022, registering a CAGR of 7.63% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, increasing government mandates over energy efficiency, and growing industrialization and urbanization.
Browse 69 market data Tables and 36 Figures spread through 154 Pages and in-depth TOC on, “Variable Speed Generator Market – Global Forecast to 2022“
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On the basis of end user, the renewable power generation segment is expected to hold the largest share of the market
The renewable power generation segment dominated the market in 2016 and is projected to grow at the highest CAGR during the forecast period. The most important advantage of variable speed generators in wind power generation is that they allow the turbine to increase or decrease speed as the wind speed varies as the actual power available in the wind increases three times with a single-fold increase in wind speed. Turbines, which operate within a narrow speed range, cannot effectively use wind speeds, causing the generator to exceed the synchronous speed. Therefore, in such cases, the range within which the wind power can be effectively harnessed is reduced. Variable speed generators can be loaded to maximum wind energy conversion over a wide speed range. The wind speed cube law can be used to an advantage by allowing the turbine to achieve maximum power points at various wind speeds, optimizing the turbine-generator efficiency. In concentrated solar power generation (solar thermal), the use of variable speed generators results in achieving greater plant efficiency and an expanded operating range. Above the threshold pressure, a steam turbine can produce sufficient torque to drive the rotor of the variable speed generator, increasing the capacity utilization factor of the solar thermal plant and