What is Electrical Generator?
Electrical Generator is a device that transforms motive power, or mechanical energy, into electrical energy for use in an external circuit. Steam turbines, gas turbines, waterwheels, diesel engines, wind turbines, and even hand cranks are examples of mechanical energy sources. British scientist Michael Faraday developed the Faraday disc. Electric power grids are powered almost exclusively by generators. Electric motors, which share many characteristics with generators, are used to convert electrical energy back into mechanical energy. Many motors can be mechanically driven to produce electricity; frequently, they make good manual generators. Electric machines that turn mechanical energy into electrical energy include electric generators, also referred to as dynamos. Typically, steam turbines, gas turbines, and wind turbines supply the mechanical energy for the generator. Nearly all of the power needed for electric power grids is provided by electrical generators.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Caterpillar (United States), Cummins (United States), HiPower Systems (United States), Taylor Power (United States), Generac (United States), Kohler Co. (United States), Aksa Power Generation (Turkey), SDMO (France), Multiquip (United States) and Baldor (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Gas Generator, Diesel Generator and CKD Generator) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Electrical Generator market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Electrical Generator market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are Caterpillar (United States), Cummins (United States), HiPower Systems (United States), Taylor Power (United States), Generac (United States), Kohler Co. (United States), Aksa Power Generation (Turkey), SDMO (France), Multiquip (United States) and Baldor (United States).
Market Overview:
On 8th August 2022, Baker Hughes has agreed to buy BRUSH Group's Power Generation division from One Equity Partners. The brush is a well-known equipment manufacturer that specializes in the generation and management of electric power for the industrial and energy sectors. This acquisition reinforces Baker Hughes' strategic commitment to be a leader in providing decarbonization solutions for the natural gas industry and other traditionally difficult-to-abate sectors.
Large AC generators commonly use a combination exciter-voltage regulation system to maintain alternator field current under varying electrical loads. The basic voltage regulation system is designed to automatically regulate the voltage at the generator's rectifier output within tight tolerances of a predetermined value. The formulaic regulation system is a closed-loop feedback system in which the wind turbine output voltage is immediately likened to a reference signal. The error signal is used to modify the generator's excitation.
Acquisitions by key players abound in the competitive landscape for electrical generators. Except for Japan, Asia-Pacific is a rapidly growing market for generators. With top generator manufacturers in the region, North America remains the most important player in the global electrical generator space. In general, the global generator market is fragmented.
Influencing Trend:
Technological Advancements in DC Electrical Generators and Need for Rapid-Response Electrical Generators Technologies
Market Growth Drivers:
Escalating Demand for Electricity Renewables and Expansion of Power Grid Lines
Challenges:
Concerns with the Low efficiency of an Electrical Generators and High Operation & Maintenance Cost
Restraints:
High Initial Cost and High Maintenance Associated with the Electrical Generators and Rising Adoption of Electrical Generators Technologies
Opportunities:
Adoption of Electrical Generators across Various Industries and Rising Demand from Emerging Economies can create Opportunities for the Market Growth
Key highlights of the Global Electrical Generator market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Electrical Generator market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Electrical Generator market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Electrical Generator Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electrical Generator market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Electrical Generator market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Electrical Generators Manufacturer, Electrical Generators Distribution and Supplier, Government Bodies, Research Organizations, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.