Home > Energy & Power > Electrical Equipment > Synchronous Generator > Synchronous Generator Market

Synchronous Generator Market Share

Report ID: GMI7300
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

Synchronous Generator Market Share

The top companies place a strong emphasis on marketing strategies, technological advancements, building their brand, and attaining economies of scale as key factors to effectively compete within their industry. The key market players operating across the industry include:

ABB
Siemens
Schneider Electric
Nidec
WEG
ANDRITZ
Jeumont Electric
Ingeteam
CG Power & Industrial Solutions Ltd.
TD Power Systems Limited
MEIDENSHA CORPORATION
MENZEL ELEKTROMOTOREN
Ansaldo Energia
MARELLI MOTORI
Mecc Alte SpA
Elin Motoren
Alconza
TMEIC
PARTZSCH Group
Powertec
EvoTec Power Generation Co., Ltd.
IESS

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of synchronous generator was worth USD 6.2 billion in 2022 and is expected to cross USD 9.7 billion by 2032, due to the increasing focus on energy efficiency, environmental concerns, and regulations worldwide.

Gas turbine synchronous generator industry is expected to register 4.7% CAGR from 2023 to 2032 due to their high efficiency and reliability in applications requiring quick and reliable power generation.

European market for synchronous generator was reached USD 1 billion in 2022 and is expected to witness commendable CAGR from 2023 to 2032, owing to the increasing focus on energy efficiency coupled with stringent regulations focusing on efficient products in the region.

ABB, Siemens, Schneider Electric, Nidec, WEG, ANDRITZ, Jeumont Electric, Ingeteam, and CG Power & Industrial Solutions Ltd. are some of the major synchronous generator companies worldwide.