Synchronous Generator Market Analysis

  • Report ID: 5713
  • Published Date: Feb 21, 2024
  • Report Format: PDF, PPT

Synchronous Generator Market Analysis

Power Rating (10 to 20 MVA, 2 to 5 MVA, 20 to 30 MVA, 30 to 50 MVA, 5 to 10 MVA)

The 5 to 10 MVA segment in the synchronous generator market is estimated to gain a robust revenue share of about 27% in the coming years. Those in the 5 to 10 MVA range are ideal for powering medium- to large-scale industrial processes, and for medium-sized grid applications where stability maintenance is crucial. Facilities such as hospitals, key infrastructure facilities, and data centers are guaranteed to have enough power reserves to continue operating during emergencies or grid disruptions owing to the use of synchronous generators with a capacity range of 5 to 10 MVA that serve as reliable backup power systems. Moreover, manufacturers' constant innovation efforts to enhance generator performance, and synchronous generators of 5 to 10 MVA are becoming more and more popular to provide a scalable answer to the rising energy demand in developing nations.

Prime Mover (Gas Turbine, Steam Turbine)

The gas turbine segment in the synchronous generator market is set to garner a notable share shortly. Custom-built synchronous generators are used in gas turbines which can start up quickly compared to other generators and are known to be more efficient. Synchronous generators deliver dependable, superior electricity as they have great efficiency in turning gas into electricity which also makes them suitable for operation with reciprocating engines, steam engines, and gas turbines that have higher thermodynamic efficiency when operating at high temperatures.

Our in-depth analysis of the global market includes the following segments:

          Prime Mover

  • Gas Turbine
  • Steam Turbine

          Power Rating

  • 10 to 20 MVA
  • 2 to 5 MVA
  • 20 to 30 MVA
  • 30 to 50 MVA
  • 5 to 10 MVA

          End-User

  • Energy and Power
  •  Manufacturing
  • Oil and Gas
  •  Renewable Power Generation
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Browse Key Market Insights with Data Illustration:


Author Credits:  Dhruv Bhatia


  • Report ID: 5713
  • Published Date: Feb 21, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing consumption of natural gas across the globe and the growing energy demand are the major factors driving the growth of the market.

The market size of synchronous generator is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Siemens Energy, General Electric Company, Cymbet Corporation, Caterpillar Inc, WEG S.A, Andritz, Meidensha Corporation, Ricoh Company, and others.

The 5 to 10 MVA segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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