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Synchronous Generator Market Size
- Report ID: GMI7300
- Published Date: Nov 2023
- Report Format: PDF
Synchronous Generator Market Size
Synchronous Generator Market was valued at USD 6.2 billion in 2022 and is projected to expand at more than 4.6% CAGR from 2023 to 2032. Environmental concerns and regulations continue to shape the power generation industry, which in turn will fuel the product penetration. For instance, installation of gas turbines across the Middle East witnesses a growth rate of over 5% in 2022.
Increasing focus on energy efficiency is one of the primary drivers for the market, development infrastructure requires reliability and efficiency resulting in surge for these systems. Moreover, the technological advancements in the industry will result in the upward trend for the demand curve for the market. Innovations enhance the generators performance and capabilities, making them more attractive to various applications.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Synchronous Generator Market Size in 2022: | USD 6.2 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.6% |
| 2032 Value Projection: | USD 9.7 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 684 |
| Segments covered: | Prime Mover, Phase, Power Rating, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Synchronous Generator Market Scope
