Induction Generator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026

Induction Generator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026

  • Transparency Market Research
  • Ongoing
  • Generator

Report Description


Induction generator is an asynchronous generator. An induction machine can work as an induction motor as well as an induction generator without any internal changes or modifications. Induction generators are uneven and rugged; thus, they do not require commutation and brush. Induction generators require large amount of reactive power. This can damage the entire system. This is one of the major disadvantages of induction generators. Induction generator works on the principle of induction motor to generate electricity by using an alternating current. It is used in wind power plants, macro or mini hydro power plants, wind turbines, etc. Induction generator is also used in converting high pressure gas stream to lower pressure, and thus recovering energy with marginal controls. When connected with a capacitor, induction generator can generate sufficient reactive power to operate on its own.

Induction generator has the ability to produce useful power at varying rotor speed. This makes it suitable for wind turbines and some micro and mini hydropower installations. Induction generators are simpler than other type of generators, i.e. mechanical and electrical. Rapid population growth, increase in demand for electricity, rise in number of power outages, growth in volume of off-grid power consumption, and implementation of strict government regulations to minimize harmful emissions are the primary drivers of the induction generator market. Demand for induction generator is also driven by the price of fuels such as diesel and natural gas. Rapid rise in adoption of renewable energy resources in residential, commercial, and industrial sectors is also expected to boost the global demand for induction generators through integration of generators with renewable energy systems.

The induction generator market can be divided based on type, application, and end-user industry. Based on type, the market can be segregated into squirrel cage induction generator and wound rotor induction generator. In terms application, the market can be bifurcated into on-grid and off-grid. In terms of end-user industry, the induction generator market can be split into wind power, paper mill, water utilities, and others. Squirrel cage induction generators has no separate field circuit. This is a key disadvantage. These induction generators are widely utilized in wind power generation. Wound rotor induction generator consists of a stator, which is same as the squirrel cage induction motor. However, the rotor is different when compared to squirrel cage induction motor and has insulated windings coupled with slip rings and brushes. Induction generator is being increasingly used as a means of recovering energy that would otherwise be lost. Power generated through the use of induction generator may be consumed on site or can be sold to on-grid utility. Wind and water driven induction generators are being used to convert that energy into electrical energy.

Year-on-year increase in wind energy based power generation across the globe is the prominent driver of the sales of induction generators. Developed countries such as the U.S., the U.K., and Germany have started adopting off-grid power systems to reduce dependence on utility-scale electricity. This has boosted the sales of induction generators in these countries. Countries in Asia Pacific, especially China, experience high demand for induction generator. This demand is anticipated to increase further in the next few years. The U.S. dominates the induction generator market in North America in terms of production and installation.

Rise in demand for electricity cannot be met by the existing grid infrastructure. This has created the need for efficient generators. These generators can be utilized during power outages. Increase in demand for electricity and efficient quality of power generating products are some of the factors propelling the induction generator market.

Key players operating in the induction generator market include Briggs & Stratton Corporation, Caterpillar Inc., Cummins Inc., Generac Holdings, Inc., Kirloskar Electric Company Ltd., and Wärtsilä Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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