In 2022, the global motor generator set market is expected to be worth US$ 2.6 billion. During the assessment period, demand for motor generator sets is expected to remain high. This is due to increased demand for energy efficiency, which is expected to generate US$ 4.5 billion in 2033, with a CAGR of 5.3% from 2023 to 2033. In 2023, the market is expected to generate US$ 2.7 billion.
To avoid having regular business operations halted by power outages, motor generator sets are used to provide electricity. Despite the lower cost of diesel generator sets, a higher rate of petrol generator set penetration is anticipated, increasing the motor generator set market share.
The demand for motor generator sets is increased by welding and induction heating applications in the automotive, electrical, and electronics industries. The size of the motor generator set market is expanded by generator sets’ potential to provide the necessary output voltage and output frequency.
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A motor generator set (M-G set) is formed by combining an electric generator and a motor. It is an integral part of most power driven equipment, such as windmills and rails. A motor generator set converts the frequency and voltage of an electric power source to the required voltage or frequency on the load side. It has an AC motor that runs continuously and, in turn, runs the DC generator, which enables the connected machinery or equipment to operate seamlessly.
Motor-generator sets provide electrical power as needed. They can be used as power backup in crises or to power remote or rural sites, medical facilities and data processing units. They find use in several other commercial applications that need a remote source or an independent power source. A flywheel motor generator set is a type of motor generator set that provides a power source to coil launchers.
Flywheel motor generator sets can be classified as DC integrated, AC integrated or hybrid flywheel motor generator sets, which is widely used in the automotive Industry.
Motor generator sets are being gradually used for welding applications, induction heating applications and for end users, such as automotive, electrical and electronic industries. These sets operate on available power supply and give the required output voltage and output frequency, making them a preferred option. The U.S. is a global leader in terms of import of motor and generator sets, followed by China and Germany.
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Market Competitor:
Some of the key market players in the motor generator set market are The Horlick Company, Emerson Electric, Baldor Electric Co., Ingersoll-Rand, General Electric Co., Krollmorgen Corp., ABB Inc., Allied Motion Inc., Cummins Inc., Kirloskar Oil Engines, Kohler Co., Yamaha Motor, Powerica, Escorts, Sterling & Wilson, HIMOINSA, Caterpillar Inc., Trane Technologies, Mahindra Powerol, Atlas Copco AB, C&S Electric, JCB, MTU Onsite Energy, Deere & Company, Ashok Leyland, Greaves Cotton, Mitsubishi Heavy Industries, Wärtsilä, Siemens, Honda Motors, Doosan Corporation, Wartsila Corporation, Honda Siel Power Products Ltd., AKSA Power Generation, Briggs and Stratton Corporation, Generac Power Systems Holdings Inc., Cooper Corporation, PRAMAC, F.G. Wilson, Himoinsa, John Deere, Denyo, Rolls-Royce Holdings, Wacker Neuson, Jubaili Bros, Siam Telemach, Turntide Technologies, REVOLUTION Turbine Technologies, Axiflux, Comoab, Sync Power Solutions, etc.
Motor Generator Set Market: Segmentation
Segmentation of the motor generator set market by type:
- DC to AC motor generator set
- AC to DC motor generator set
Segmentation of the motor generator set market by Frequency conversion:
- 50Hz to 60 Hz
- 60 Hz to 50 Hz
- 60Hz to 400 Hz
- 50Hz to 400 HZ
Segmentation of the motor generator set market by end users:
- Industrial
- Automotive industry
- Electrical and electronics
- Energy, oil and power industry
- Metal and mineral industry
- Other
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