Future Market Insights
Motor Generator Set Market: Introduction
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.
Motor Generator Set Market: Dynamics
Rapid growth in electrical and electronic industries is driving the motor generator set market. Most appliances used on a daily basis are equipped with motor generator sets as they are robust and can tolerate harsh environments. However, these sets have immense potential in terms of cost reduction and compact sizing. Motor generator sets have better running and starting motor loads. They are ideal for motor loads as they generate high surge currents for brief periods in the beginning. Motor generator sets are affected by driving rain, so with appropriate enclosures they can be placed in open air and endure a broad range of operating temperature environments. The motor generator set market can tap into new potential by focusing on noise reduction and minimizing maintenance costs.
Motor Generator Set Market: Segmentation
Segmentation of the motor generator set market by type:
Segmentation of the motor generator set market by Frequency conversion:
Segmentation of the motor generator set market by end users:
Motor Generator Set Market: Regional Outlook
Globalization and industrialization will drive substantial demand in the supply chain and thereby lead market growth. Consumption of electronics and electrical machinery is growing in developing countries, which is expected to impact the market positively. Presently, North America and Asia Pacific, followed by Europe and the rest of the world, are the major contributors to the motor generator set market. Asia Pacific, Europe and the Middle East and Africa have emerging economies and statistics show an accelerated hike in the revenue of the motor generator set market in these regions.
Motor Generator Set Market: Market Participants
Examples of some of the market participants in the motor generator set market are listed below:
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