Black Start Generator Market Trends

Growth Drivers

• Increasing Demand for Power Backup – Rapid industrialization has led to an increase in demand for power backups in every sector. These generators act as reliable sources of energy in case of interruption in power supply.
• The Surge in Power Monitoring and Control Systems – The trend of power monitoring systems have increased the development of black start generators. Remote monitoring and control systems help the users by providing real-time data on the generator’s performance and functions. This leads to increased efficiency of black start generators.
• Rising Use of Smart Grid along with Smart Meters – Recent technology advancements have led to the emergence of smart grid technology and smart meters. Smart grid technology has been observed to elevate the communication and overall reciprocity between the generators and the grid. This has aided in allowing effective black start generator operations by monitoring the power supply in case of a blackout. In 2021, there were about 110 million advanced (smart) metering infrastructure (AMI) installations, which equals about 70% of the total electric meter installations.

Challenges

• Easy Availability of Alternatives for Black Start Generators – Technological advancements have made the availability of alternate solutions to black start generators such as battery-enabled modular energy storage units easy. These alternatives are also gaining popularity as these do not use fossil fuels as in the case of black start generators. This factor is estimated to hamper market growth during the assessment period.
• High Installation and Maintenance Costs
• Low Awareness Level About the Benefits of Black Start Generators