1. Market Excerpt
2. Rising demand for power generators to provide uninterrupted power supply and replacement of digital technology with analog are driving the growth of generator control units
The global generators control units market is expected to witness considerable growth due to increasing demand for uninterrupted power supply particularly during down-time. Power outage results into operational as well as monetary losses for organizations. It has been observed that one hour of power shutdown results for loss of US$ 100,000 in large size organizations. The demand for generators is particularly high in establishments such as industrial and commercial facilities as these zones are highly dependent on seamless power supply. Perpetual power outages due to constrained power generation and voltage fluctuations impacting business operations are influencing swift commercial installation of generators as a reliable source of power backup. This is increasing the demand for generator control units particularly in industrial and commercial sectors. In addition, continuous development in digital generator control technology for efficient voltage regulation and protection execution is also expected to be the major driving factor for GCUs. Increasing number of commercial and industrial construction projects along with rising number of power plants expected to increase the demand for generator control units globally. The global market for generator control units is expected to cross US$ 850.0 Mn by 2026 at a CAGR of 4.75% throughout the forecast period from 2018 to 2026.
Digital generator control units DGCU is expected to be the promising product category in the near future.
Traditional analog generator control units have limitation to use directly with new high voltage variable frequency systems. This is increasing the demand for digital generator control units which can be effectively used in high voltage variable frequency applications. In addition to this, digital GCU have several other advantages which is increasing its deployment over analog units. The algorithm of digital generator control units is designed with microprocessors in order to avoid aging of devices and the problem of temperature influences. These units also improves stability of the controller. Moreover, digital generator control unit enables to modify control parameters and offers better control accuracy under variable conditions.
Aircraft and transportation segment expected to be most potential segment for the generator control units
Continuous advancements in digital GCU is increasing its adoption in aircraft and transportation segment. Increasing deployment of variable frequency power generation systems and increasing production aircrafts are expected increase the demand for advance generator control units to attain high quality power supply at variable frequency range between 300 Hz to 800 Hz. In addition, introduction of concept such as more electric aircraft (MEA) and rapid development in aviation technology demanding for continuous and quality power supply. This is increasing the demand for generators and generator control units particularly in aircraft industry. Significant demand for GCU is also expected from power plants sector with expected power generation plants projects across the world to meet the rising electricity demand.
Asia Pacific is the largest as well as fastest growing regional market for generator control units
In 2017, Asia Pacific accounted for the largest revenue share in the overall generator control units market by region. Increasing industrialization in Chain and India is the primary factor responsible the growth of generators and GCU in the region. Continuous economic growth in India, China and Southeast Asia further expected to increase industrialization in the region which will demand for uninterrupted power supply throughout the forecast period. This is expected influence the growth of GCU in the near future. Supportive government policies attracting foreign OEMs to invest in manufacturing industry in India. India is expected to be the most lucrative market for GCU in Asia Pacific as well as globally.
Manufacturers are focusing development of advanced solutions to cater needs of different end-use segments
The global generator control units (GCU) is characterized as highly fragmented with presence of large number of multinational players as well as sufficient number of local players. Manufacturers are focusing on development of advance solutions to meet power supply demand of different end-use segments. Emerson Electric Co., introduced Ovation excitation system. This is an integrated control and protection solution for synchronous generators which provides advance features like high-speed, dynamic bridge balancing, oscillography and an independent base adjuster. Recently, Platte River Power Authority integrated Emerson’s Ovation control system to monitor and control critical processes at Rawhide Energy Station Unit. With this integration helped this power units to reduce their start up and shutdown time by 44% in 2017.
Why it is recommended to invest in our Generator Control Units (GCU) market research study?
This research study on generator control units (GCU) market provides complete analysis of industry trends and dynamics for the global market. The report also covers exhaustive analysis of different types of GCU i.e. digital and analog and its end-use application. It also identifies key market influencing and restraining factors in the global generator control units (GCU) market. The report also provides qualitative as well quantitative analysis of all the segments covered in the scope of the study. This research study also highlights key potential areas in each product, end-use application and regional markets. This research study also includes high level analysis of generator control units (GCU) industry which include value chain analysis, key player positioning and investment preposition. Report also include profiles of leading generator control unit manufacturers.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Generator Control Units market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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End-use Applications
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
