Global Synchronous Generator Market Size study & Forecast, by Speed (1,500 RPM, 3,000 RPM), by Prime Mover (Steam Turbine, Gas Turbine, Others), by Power Rating (2-5 MVA, 5-10 MVA, 10-20 MVA, 20-30 MVA, 30-50 MVA), by End User (Renewable Power Generation,

Global Synchronous Generator Market Size study & Forecast, by Speed (1,500 RPM, 3,000 RPM), by Prime Mover (Steam Turbine, Gas Turbine, Others), by Power Rating (2-5 MVA, 5-10 MVA, 10-20 MVA, 20-30 MVA, 30-50 MVA), by End User (Renewable Power Generation, Oil & Gas, Conventional Power Generation, Industrial Manufacturing, Others) and Regional Analysis, 2023-2030

Global Synchronous Generator Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. A synchronous generator, also known as a synchronous alternator or AC generator, is a device that converts mechanical energy into electrical energy. The synchronous generators are critical components in various applications where precise control of voltage and frequency is essential for a stable and reliable electrical power supply. The key factors driving the market growth are growing electricity demand and replacement of aging infrastructure, rising adoption of offshore wind farms, cohesive initiatives and increasing oil and gas demand that anticipated to support the market growth during the forecast period 2023-2030.

Moreover, the growth of the Synchronous Generator Market can be influenced by increasing electricity demand. As electricity demand increases, power utilities and independent power producers often need to expand their generation capacity. Synchronous generators are a common choice for large-scale power generation due to their reliability and ability to provide stable and synchronized electricity. This leads to increased orders and investments in synchronous generators. Thus, the growing electricity demand is anticipated to support the market growth. According to the Statista in 2023, Global electricity consumption has steadily increased over the past 50 years, reaching around 25,300 terawatt-hours in 2021. China stands out as the largest consumer of electricity worldwide, with consumption exceeding 7.8 terawatt hours in 2021. Additionally, the ability of synchronous generators to provide an uninterrupted and stable power supply is anticipated to create a lucrative opportunity for the market over the forecast period. However, the environmental concerns associated with synchronous generators stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Synchronous Generator Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increased production and investments in the power industry, growing industrial activities, and rising wind turbine capacity that is anticipated to support regional growth. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the rising investments in hydroelectric and combined-cycle power plants, growing focus on domestic manufacturing for power equipment, rising use of efficient equipment in thermal and nuclear power plants.


Major market player included in this report are:
ABB Group (Switzerland)
Siemens Energy AG (Germany)
WEG S.A. (Brazil)
Menzel Elektromotoren GmbH (Germany)
Ingeteam (Spain)
CG Power and Industrial Solutions Ltd (India)
NIDEC Industrial Solutions (Japan)
Marelli Motori (Italy)
Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) (Japan)
Ideal Electric Company (US)
Recent Developments in the Market:
 In November 2022, Menzel Elektromotoren offers comprehensive rotary converter systems for testing facilities, featuring their own line of motors and generators. They also provide in-house programming for frequency converters, transformers, controls, software, and all necessary accessories to ensure a turnkey solution.
Global Synchronous Generator Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Speed, Prime Mover, Power Rating, End User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Speed:
1,500 RPM
3,000 RPM

By Prime Mover:
Steam Turbine
Gas Turbine
Others

By Power Rating:
2-5 MVA
5-10 MVA
10-20 MVA
20-30 MVA
30-50 MVA

By End User:
Renewable Power Generation
Oil & Gas
Conventional Power Generation
Industrial Manufacturing
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
ABB Group (Switzerland)
Siemens Energy AG (Germany)
WEG S.A. (Brazil)
Menzel Elektromotoren GmbH (Germany)
Ingeteam (Spain)
CG Power and Industrial Solutions Ltd (India)
NIDEC Industrial Solutions (Japan)
Marelli Motori (Italy)
Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) (Japan)
Ideal Electric Company (US)

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