List of Figures

FIGURE 1 RESEARCH DESIGN 17
FIGURE 2 BOTTOM-UP APPROACH 21
FIGURE 3 TOP-DOWN APPROACH 22
FIGURE 4 ASIA PACIFIC IS ESTIMATED TO HOLD THE LARGEST SHARE OF THE VARIABLE SPEED GENERATOR MARKET IN 2017 27
FIGURE 5 THE RENEWABLE POWER GENERATION SEGMENT IS EXPECTED TO DOMINATE THE MARKET DURING THE FORECAST PERIOD 28
FIGURE 6 THE INTERNAL COMBUSTION ENGINE SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 28
FIGURE 7 THE 100 KVA–1MVA SEGMENT IS EXPECTED TO DOMINATE THE VARIABLE SPEED GENERATOR MARKET DURING THE FORECAST PERIOD 29
FIGURE 8 THE PERMANENT MAGNET SYNCHRONOUS GENERATOR IS EXPECTED TO DOMINATE THE VARIABLE SPEED GENERATOR MARKET DURING THE FORECAST PERIOD 29
FIGURE 9 THE POWER ELECTRONICS-BASED VARIABLE SPEED GENERATOR IS EXPECTED TO DOMINATE THE MARKET DURING THE FORECAST PERIOD 30
FIGURE 10 RISE IN ALTERNATIVE ENERGY PROGRAMS IS EXPECTED TO DRIVE THE VARIABLE SPEED GENERATOR MARKET DURING THE FORECAST PERIOD 31
FIGURE 11 THE RENEWABLE POWER GENERATION SEGMENT & THE CHINESE MARKET HELD THE MAXIMUM SHARE OF THE VARIABLE SPEED GENERATOR MARKET IN ASIA PACIFIC IN 2016 32
FIGURE 12 THE US HELD THE LARGEST SHARE IN 2016 33
FIGURE 13 THE 100 KVA–1 MVA SEGMENT IS EXPECTED TO HAVE THE LARGEST MARKET SHARE BY 2022 33
FIGURE 14 THE PERMANENT MAGNET SYNCHRONOUS GENERATOR IS EXPECTED TO LEAD THE VARIABLE SPEED GENERATOR MARKET DURING THE FORECAST PERIOD 34
FIGURE 15 VARIABLE SPEED GENERATORS: DRIVERS, RESTRAINTS, OPPORTUNITIES & CHALLENGES 36
FIGURE 16 RESIDENTIAL & COMMERCIAL BUILDINGS TOTAL ENERGY END-USE (2015) 41
FIGURE 17 THE PERMANENT MAGNET SYNCHRONOUS GENERATORS SEGMENT IS EXPECTED TO HOLD THE LARGEST MARKET SHARE BY 2022 44
FIGURE 18 THE POWER ELECTRONICS-BASED VARIABLE SPEED GENERATORS SEGMENT IS EXPECTED TO HOLD THE LARGEST MARKET SHARE BY 2022 49
FIGURE 19 THE 100 KVA–1 MVA VARIABLE SPEED GENERATOR SEGMENT IS EXPECTED TO HOLD THE LARGEST MARKET SHARE BY 2022 53
FIGURE 20 THE WIND TURBINES SEGMENT IS EXPECTED TO HOLD THE LARGEST MARKET SHARE BY 2022 58
FIGURE 21 RENEWABLE POWER GENERATION IS EXPECTED TO HOLD THE LARGEST MARKET SHARE BY 2022 64
FIGURE 22 REGIONAL SNAPSHOT: THE MARKET IN EUROPE IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 72
FIGURE 23 VARIABLE SPEED GENERATOR MARKET SHARE, BY REGION, 2016 73
FIGURE 24 ASIA PACIFIC: MARKET SNAPSHOT 79
FIGURE 25 EUROPE: MARKET SNAPSHOT 88
FIGURE 26 KEY DEVELOPMENTS IN THE VARIABLE SPEED GENERATOR MARKET, 2014–2017 107
FIGURE 27 GENERAL ELECTRIC LED THE VARIABLE SPEED GENERATOR MARKET IN 2016 108
FIGURE 28 ABB: COMPANY SNAPSHOT 115
FIGURE 29 SIEMENS: COMPANY SNAPSHOT 118
FIGURE 30 YANMAR: COMPANY SNAPSHOT 121
FIGURE 31 GE: COMPANY SNAPSHOT 123
FIGURE 32 ROLLS ROYCE: COMPANY SNAPSHOT 129
FIGURE 33 WARTSILA: COMPANY SNAPSHOT 132
FIGURE 34 CUMMINS: COMPANY SNAPSHOT 137
FIGURE 35 GENERAC: COMPANY SNAPSHOT 140
FIGURE 36 ATLAS COPCO: COMPANY SNAPSHOT 142

 

List of Tables

TABLE 1 VARIABLE SPEED GENERATOR MARKET SNAPSHOT 26
TABLE 2 COMPARISON BETWEEN CONSTANT SPEED GENERATORS & VARIABLE SPEED GENERATORS 35
TABLE 3 GLOBAL WEIGHTED AVERAGE RENEWABLE INVESTMENT COSTS, 2015 & 2025 38
TABLE 4 URBAN POPULATION, PROPORTION URBAN, & AVERAGE ANNUAL RATE OF CHANGE OF THE PROPORTION URBAN, BY REGION, 1990, 2014, 2050 39
TABLE 5 VARIABLE SPEED GENERATOR MARKET SIZE, BY GENERATOR TYPE 2015–2022 (USD MILLION) 44
TABLE 6 SEIG: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 45
TABLE 7 DFIG: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 46
TABLE 8 WRIG: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 46
TABLE 9 PMSG: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 47
TABLE 10 VARIABLE SPEED GENERATOR MARKET SIZE, BY GENERATOR TYPE 2015–2022 (USD BILLION) 49
TABLE 11 POWER ELECTRONICS-BASED VARIABLE SPEED GENERATORS MARKET SIZE BY REGION, 2015–2022 (USD MILLION) 50
TABLE 12 MECHANICAL VARIABLE SPEED GENERATORS MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 51
TABLE 13 VARIABLE SPEED GENERATOR MARKET SIZE, BY POWER RATING 2015–2022 (USD BILLION) 53
TABLE 14 UP TO 100 KVA: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 54
TABLE 15 100 KVA–1 MVA: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 55
TABLE 16 1–25 MVA: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 55
TABLE 17 ABOVE 25 MVA: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 56
TABLE 18 VARIABLE SPEED GENERATOR MARKET SIZE, BY PRIME MOVER 2015–2022 (USD MILLION) 58
TABLE 19 HYDRO TURBINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 59
TABLE 20 WIND TURBINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 60
TABLE 21 STEAM & GAS TURBINES: VARIABLE SPEED GENERATOR MARKET SIZE BY REGION, 2015–2022 (USD MILLION) 60
TABLE 22 INTERNAL COMBUSTION ENGINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 61
TABLE 23 INTERNAL COMBUSTION ENGINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY POWER RATING, 2015–2022 (USD MILLION) 61
TABLE 24 INTERNAL COMBUSTION ENGINES: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION) 62
TABLE 25 VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 64
TABLE 26 RENEWABLE POWER GENERATION: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 65
TABLE 27 HYDROELECTRIC POWER GENERATION: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 66
TABLE 28 MARINE & SHIPBUILDING: VARIABLE SPEED GENERATOR MARKET SIZE BY REGION, 2015–2022 (USD MILLION) 67
TABLE 29 OIL, GAS, & MINING: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION, 2015–2022 (USD MILLION) 68
TABLE 30 COMMERCIAL & RESIDENTIAL: VARIABLE SPEED GENERATOR MARKET SIZE BY REGION, 2015–2022 (USD MILLION) 69
TABLE 31 OTHERS: VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 70
TABLE 32 VARIABLE SPEED GENERATOR MARKET SIZE, BY REGION 2015–2022 (USD MILLION) 73
TABLE 33 NORTH AMERICA: VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 74
TABLE 34 NORTH AMERICA: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 74
TABLE 35 NORTH AMERICA: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION) 75
TABLE 36 US: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 76
TABLE 37 CANADA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 77
TABLE 38 MEXICO: VARIABLE SPEED GENERATOR MARKET SIZE, BY END USER 2015–2022 (USD MILLION) 78
TABLE 39 ASIA PACIFIC: VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY 2015–2022 (USD MILLION) 80
TABLE 40 ASIA PACIFIC: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 80
TABLE 41 ASIA PACIFIC: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION) 81
TABLE 42 CHINA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 82
TABLE 43 JAPAN: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 83
TABLE 44 INDIA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 84
TABLE 45 SOUTH KOREA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION) 85
TABLE 46 AUSTRALIA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 86
TABLE 47 REST OF ASIA PACIFIC: VARIABLE SPEED GENERATOR MARKET SIZE BY END-USER, 2015–2022 (USD MILLION) 87
TABLE 48 EUROPE: VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY 2015–2022 (USD MILLION) 89
TABLE 49 EUROPE: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 89
TABLE 50 EUROPE: INTERNAL COMBUSTION ENGINE-BASED VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION) 90
TABLE 51 GERMANY: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 91
TABLE 52 UK: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 92
TABLE 53 FRANCE: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 93
TABLE 54 SPAIN: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 93
TABLE 55 SWEDEN: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 94
TABLE 56 NORWAY: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 95
TABLE 57 RUSSIA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 96
TABLE 58 REST OF EUROPE: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION) 97
TABLE 59 SOUTH AMERICA: VARIABLE SPEED GENERATOR MARKET SIZE, BY COUNTRY, 2015–2022 (USD MILLION) 98
TABLE 60 BRAZIL: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 99
TABLE 61 ARGENTINA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 100
TABLE 62 CHILE: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 101
TABLE 63 REST OF SOUTH AMERICA: VARIABLE SPEED GENERATOR MARKET SIZE BY END-USER, 2015–2022 (USD MILLION) 101
TABLE 64 MIDDLE EAST & AFRICA: VARIABLE SPEED GENERATOR MARKET SIZE BY COUNTRY, 2015–2022 (USD MILLION) 102
TABLE 65 SAUDI ARABIA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 103
TABLE 66 UAE: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER 2015–2022 (USD MILLION) 104
TABLE 67 SOUTH AFRICA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION) 105
TABLE 68 REST OF THE MIDDLE EAST & AFRICA: VARIABLE SPEED GENERATOR MARKET SIZE, BY END-USER, 2015–2022 (USD MILLION) 106
TABLE 69 MARKET DEVELOPMENTS BETWEEN 2014 & 2017 109