PUBLISHER: Value Market Research | PRODUCT CODE: 1542438
PUBLISHER: Value Market Research | PRODUCT CODE: 1542438
The global demand for Black Start Generators Market is presumed to reach the market size of nearly USD 3.21 Billion by 2032 from USD 2.1 Billion in 2023 with a CAGR of 4.82% under the study period 2024-2032.
A black start generator refers to a power generation system that offers the power plant the initial power backup during a blackout without relying on any other electric source. Black start generators have the least power output of 20 MW usually, and they offer a fast start-up to the main turbine generators. They are mainly used in thermal, hydro, and nuclear power plants. The emergence of black start power generators has assisted the industrial power plants in persisting complete blackout owing to technical or natural disasters and keeping the processes continuing to meet the end-users demand. Features like longer life span, easy fuel sourcing, and low emissions have made black start diesel generators the majorly used black start generators by type. These generators consist of a diesel engine, generator (2MW-5MW), an air starting system for driving the small diesel engine, and synchronizing & monitoring equipment.
The market is mainly driven by the rising number of irregular cut-offs in power supply involving scheduled load shedding to sudden terminations for the consumers. This phenomenon occurs specifically in developing and underdeveloped regions facing a shortfall of existing power generation capacity as compared to the overall demand of the consumers. The increase in the number of manufacturing industries, regulatory bodies worldwide, and construction & reconstruction of power plants due to retiring by regulatory bodies are the major driving factors for the black start generators market. The rising applications, competitive market, and demand of black start generators in the oil & gas industry have also propelled the market growth. The future scope of applications for black start generators is expected to arise from remote off-grid power bases such as micro-community centers and military field bases. The restraints that may hinder the growth of the black start generators market are from the availability of alternate solutions such as battery-enabled modular energy storage units.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Black Start Generators. The growth and trends of Black Start Generators industry provide a holistic approach to this study.
This section of the Black Start Generators market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Black Start Generators market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Black Start Generators market include GE, Caterpillar Inc., Cummins Inc. Mitsubishi Heavy Industries Ltd., MTU Onsite Energy, Kohler Company, Wartsila Corporation, Aggreko PLC, Gensal Energy And Mpower. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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