Synchronous Generator Market Segmentation:
Prime Mover Segment Analysis
The steam turbine segment is anticipated to be the largest, accounting for 55.9% of the market by 2037, mainly owing to its use in thermal and nuclear power plants. Their high inertia, provided by steam-driven synchronous generators, makes them perfect for base-load operations. In April 2023, General Electric revealed plans to invest USD 30 million in its Wisconsin facility to increase the production of synchronous generators. This category also covers models equipped with steam turbines. The segment is supported by durable equipment and existing connections with the grid. For high-efficiency and uninterrupted power, steam solutions are still the preferred option for many utilities. This technology is still vital in both fossil and hybrid renewable systems.
Power Rating Segment Analysis
The 5 to 10 MVA segment is projected to account for 35.4% of the market during the forecast period, due to its use in different sectors. They are used in manufacturing, water treatment, and public infrastructure for distributed generation. In February 2024, WEG introduced scalable synchronous generators in this range to help meet the goals for electrification. Such machines provide a good balance between how much space they need and their performance. For many emerging markets, medium-sized networks choose this segment as it is modular and provides load matching. Positive incentives also help encourage mid-scale renewable energy integration. These generators are easier to maintain than their high-capacity counterparts.
Our in-depth analysis of the synchronous generator market includes the following segments:
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Subsegments |
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Prime Mover |
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Power Rating |
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Speed |
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End user |
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