Saudi Arabia Variable Speed Generator Market is expected to grow at a robust CAGR
Saudi
Arabia Variable Speed Generator Market is expected to grow owing to growing use
of renewable energy sources such as wind, hydroelectric and solar throughout
the forecast period.
According
to TechSci Research report, “Saudi
Arabia Variable Speed Generator Market – By Region, Competition, Forecast and Opportunities, 2019-2029”,
the Saudi Arabia Variable Speed Generator Market is expected to register
robust growth during the forecast period.
The
growth of Variable Speed Generators is primarily driven by the imperative need
for fuel efficiency and the necessity to cater to varying loads. Increasing
energy demands and a growing reliance on imported fossil fuels have paved the
way for innovative advancements in the domain of variable speed generators.
This technology has facilitated the utilization of applications where power
demand fluctuates. Through advanced variable speed generator technology,
constant frequency and voltage can be maintained, while adjusting the stator
speed of the generator to meet the power requirements.
Saudi
Arabia has established ambitious renewable energy targets as part of its Vision
2030 plan. This encompasses plans to deploy gigawatts of wind and solar power
capacity. Variable speed generators play a pivotal role in efficiently
capturing energy from these renewable sources. As the country continues to
invest in renewables, there is an increasing demand for variable speed
generators, presenting a significant opportunity for manufacturers and
suppliers.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Saudi
Arabia Variable Speed Generator Market."
Based
on type, the Doubly Fed
Induction Generator segment is expected to dominate the market during the
forecast period. The Saudi government is actively promoting wind energy as a
crucial element of its renewable energy portfolio. This commitment to wind
power development, coupled with incentives for localization and job creation,
has significantly boosted the DFIG market. Riyadh's rapid urbanization and
industrialization have led to a higher demand for reliable and stable power
sources. DFIGs play a vital role in ensuring grid stability by offering
reactive power control capabilities, which are essential for maintaining the
electrical grid's reliability in the city. The integration of DFIGs with energy
storage solutions, such as batteries, can effectively address the intermittency
of wind power and enhance the stability of Riyadh's electrical grid. As the
local manufacturing base for DFIGs continues to mature, there may be potential
export opportunities to neighboring countries in the Gulf Cooperation Council (GCC)
region, further solidifying Riyadh's position in the renewable energy sector.
Based
on prime mover, the Internal Combustion Engines segment is projected to
dominate the market throughout the forecast period.
ICE
generators are widely utilized in critical sectors such as healthcare, data
centers, construction, and oil and gas, where uninterrupted power supply is of
utmost importance. Riyadh, being the capital and economic hub of Saudi Arabia,
plays a significant role in this market, driven by its industrial and
commercial activities. As Riyadh continues to develop its commercial complexes,
shopping malls, and business centers, the demand for reliable power sources
increases. ICE generators are frequently deployed to provide backup power to
these facilities, ensuring uninterrupted services and operations. Saudi Arabia
encompasses vast remote areas with limited grid connections, making ICE
generators a practical solution for supplying power to these regions, especially
in construction projects, mining operations, and agricultural activities. In
order to address emission concerns, manufacturers and operators may
increasingly embrace cleaner fuel options or retrofit existing ICE generators
with emission control technologies to comply with environmental regulations.
The adoption of remote monitoring and control systems is expected to grow,
enabling users in Riyadh to efficiently manage their ICE generators, schedule
maintenance, and optimize fuel consumption.
Key
market players in the Saudi Arabia Variable Speed Generator Market are:-
- Saudi
Electricity Company
- National
Grid SA
- Saudi
Aramco
- Siemens
Saudi Arabia
- ABB
Saudi Arabia
- General
Electric (GE) Saudi Arabia
- Schneider
Electric Saudi Arabia
- Wärtsilä
Saudi Arabia
- Saudia
Aerospace Engineering Industries (SAEI)
- Saudi
Arabian Mining Company
Download
Free Sample Report
Customers can also request for 10% free customization on
this report.
“The
Saudi Arabia Variable Speed Generator Market in Riyadh is poised to be the dominant
force in the industry. Riyadh, being a significant urban hub, encounters
challenges concerning grid integration and stability, particularly with the
growing implementation of renewable energy projects. Variable speed generators
play a vital role in enhancing grid stability through the provision of reactive
power and responsiveness to grid fluctuations. As a result, they are crucial in
ensuring the reliability of the electrical grid within the city.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Saudi
Arabia Variable Speed Generator Market Segmented By Type (Variable Speed-Self
Excited Induction Generator, Doubly Fed Induction Generator, Wound Rotor
Induction Generator and Permanent Magnet Synchronous Generator), By Rating Type
(Up to 100 KVA, 100 KVA-1 MVA, 1 MVA-25MVA and Above 25 MVA), By Technology
(Power Electronics-based Variable Speed Generators and Mechanical Variable
Speed Generators), By Prime Mover (Internal Combustion Engines, Hydro Turbines
and Others), By End-Use (Marine and Shipbuilding, Commercial & Residential
and Others), By Region, and By Competition, 2018-2028F,” has evaluated the future growth
potential of Saudi Arabia Variable Speed Generator Market and provides
statistics & 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 Saudi Arabia Variable Speed Generator Market.
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York 10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com