Global Brushless Synchronous Generator Market Size By Type, By Power Rating, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Brushless Synchronous Generator Market Size By Type, By Power Rating, By Application, By Geographic Scope And Forecast
Brushless Synchronous Generator Market Size And Forecast
Brushless Synchronous Generator Market size was valued at USD 7.35 Billion in 2023 and is projected to reach USD 12.70 Billion by 2030, growing at a CAGR of 7.5% during the forecast period 2024-2030.
Global Brushless Synchronous Generator Market Drivers
The market drivers for the Brushless Synchronous Generator Market can be influenced by various factors. These may include
Growing need for renewable energy Hydroelectric power plants and wind turbines, two major sources of renewable energy, frequently employ brushless synchronous generators. Brushless synchronous generators are predicted to become more and more popular as the need for renewable energy sources grows.
Growing emphasis on energy economy brushless synchronous generators are far more energy-efficient than conventional generators that use brushes. This makes them a more alluring choice for producing electricity, particularly in light of rising energy prices and worries about global warming.
Developments in technology The advancement of novel materials and technologies is leading to the reduction in size, weight, and cost of brushless synchronous generators. This is giving these generators new uses across a range of industries.
Infrastructure development Both public and private sectors are making significant investments in the construction of new power plants and grid infrastructure. As a result, brushless synchronous generators are in high demand.
High initial cost Compared to conventional generators with brushes, brushless synchronous generators are more costly. This may be a challenge to certain prospective clients.rivalry with other technological advancementsIn the field of power generation, other technologies like solar power and energy storage are also vying for market dominance.
Geopolitical unpredictability The state of the world economy and politics can have a big impact on how quickly the market for brushless synchronous generators grows.
Global Brushless Synchronous Generator Market Restraints
Several factors can act as restraints or challenges for the Brushless Synchronous Generator Market. These may include
High Initial Cost Because of their more intricate design and construction, BSGs are more expensive initially than conventional brushed generators. For applications that are cost-sensitive, this might be a major obstacle, especially in developing markets.
Technical Complexity Compared to brushed generators, BSGs need specific controls and maintenance. Small companies and isolated places without access to qualified technicians may find this difficult.
Restricted Uses At the moment, high-performance electric cars, hydro turbines, and wind turbines are the main uses for BSGs. The potential economies of scale for BSG manufacturers are also restricted, as is the size of the industry overall.
Grid Integration Challenges When it comes to renewable energy sources like wind and solar, integrating BSGs with the current power grids might be difficult. This is because sophisticated grid management techniques are required, and these sources are unpredictable.
Competition from Alternatives High-efficiency brushed generators and permanent magnet synchronous generators (PMSGs) are two efficient and reasonably priced generator technologies that compete with BSGs. For some purposes, these substitutes might be better appropriate.
Business Maturity In comparison to brushed generators, the BSG business is still in its infancy. This indicates that the technology is still developing and that there might be questions about how reliable and effective it will be in the long run.
Global Brushless Synchronous Generator Market Segmentation Analysis
The Global Brushless Synchronous Generator Market is Segmented on the basis of Type, Power Rating, Application and Geography.
Brushless Synchronous Generator Market, By Type
Permanent Magnet BSG (PM BSG) These generators’ rotors are made entirely of permanent magnets, which removes the requirement for field excitation coils and streamlines the design. Because of their excellent efficiency and low maintenance needs, they are widely used in small hydro and wind energy facilities, among other renewable energy applications.
Wound Rotor BSG (WR BSG) These generators need independent excitation power since their rotors contain field coils. They are appropriate for larger-scale power production applications like gas turbines and hydro turbines because they provide more control over the generator’s output voltage and frequency.
Brushless Synchronous Generator Market, By Power Rating
Low Power BSG (Up to 50 kW) Microhydropower systems, backup power generators, and wind turbines for domestic and small business use all use low power BSG (up to 50 kW).
Medium Power BSG (50 kW to 2 MW) Typically found in diesel generator sets, larger wind turbines, and small-scale hydro facilities
High Power BSG (over 2 MW) Located in ship propulsion systems, large-scale wind and hydro power plants, and gas turbine power plants.
Brushless Synchronous Generator Market, By Application
Renewable energy It sources include wave, tidal, and hydropower systems.
Industrial combined heat and power (CHP) systems, diesel generator sets, and uninterruptible power supplies (UPS).
Transportation Electric vehicles, ships, locomotives.
Brushless Synchronous Generator Market, By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the Brushless Synchronous Generator Market in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Brushless Synchronous Generator Market are
 ABB Ltd.
 Siemens AG
 General Electric Company
 WEG S.A.
 Cummins Inc.
 Caterpillar Inc.
 Toshiba Corporation
 Marathon Electric
 Mitsubishi Electric Corporation
Hitachi, Ltd
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
Unit
Value (USD Billion)
Key Companies Profiled
ABB Ltd., Siemens AG, General Electric Company, WEG S.A., Cummins Inc., Caterpillar Inc., Toshiba Corporation, Marathon Electric, Mitsubishi Electric Corporation, Hitachi, Ltd
Segments Covered
By Type, By Power Rating, By Application, By Geography
Customization scope
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Top Trending Reports
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any  please connect with our sales team, who will ensure that your requirements are met.
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
List Tables Figures
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
