Power Deficit Southeast Asian and African Countries to Drive Global Medium Speed Large Generators Market
Growing demand
for modular power plants in power deficit areas, increasing use of medium speed
large generators (MSLG) for stand-by power in nuclear power plants and easy
financing by governments of various countries for MSLG-integrated power plants
to drive medium speed large generators market
According to TechSci Research report “Global
Medium Speed Large Generators Market, By Application, By Region, Competition Forecast & Opportunities,
2013 – 2023’’, medium speed large generators market, globally, is forecast to grow at a
CAGR of more than 14% during 2018 - 2023. South East Asian & African countries are expected to be the primary
market drivers, as they account for the largest demand supply gap of
electricity across the globe. High scarcity of power in a country leads to increasing
adoption of medium speed large generators. Moreover, industrial and commercial
sectors require reliable and uninterrupted supply of electricity, thus
deploying a liquid fuel-based medium speed large generator is more of a
necessity in these application areas.
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Tables and 285 Figures spread through 341 Pages and an in-depth TOC on "Global
Medium Speed Large Generators Market" https://www.techsciresearch.com/report/global-medium-speed-large-generators-market/3030.html
Power generation application accounted for the largest share in the
global medium speed large generators market in 2017, followed by CHP (Combined
Heat & Power), and the segment is anticipated to maintain its market dominance
during the forecast period as well, on account of increasing number of nuclear
power plants. Growing demand for modular power plants in power deficit areas across
the world is also expected to drive demand for medium speed large generators over
the coming years. Some of the major market
players operating across the globe include Vpower Group, Hyundai Heavy Industries, Rolls Royce Power Systems AG, and
Ningbo C.S.I Power & Machinery Group Co. Ltd., among others.
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“Over the last few years, insufficient capacity and inefficiency of the
power grids were among the major factors boosting demand for medium speed large
generators, globally. Adoption of new technological solutions in manufacturing medium
speed large generators and increasing focus on distribution channels,
especially in underpenetrated regions, are among the primary factors that are expected
to enable leading players in increasing their sale volume in the coming years.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global Medium
Speed Large Generators Market, By Application, By Region,
Competition Forecast & Opportunities, 2013 – 2023’’ has
evaluated the future growth potential of the market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in the global medium speed large generators market.
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