Black Start Generator Market Size
[170+ Pages Research Report] to surpass USD 112.7 billion by 2032 from USD 1.47 billion in 2021 at a CAGR of 3.8% throughout the forecast period 2022-32
Black Start refers to the process of restarting parts of the power station during a blackout without support from external networks. Black start generators are capable of kick-starting power plants by providing initial power backup in case of a blackout without having to rely on any external electric source. Black start power generators aid power plants to recover from complete blackout due to technical or natural interferences. Diesel and gas generators are two common black start generators. These generators are bifurcated on the basis of power rating into below 1000kw, 1000kw-2000kw, 200kw-3000kw, and above 3000kw. These generators have huge applications in power plants, manufacturing industries, healthcare, and oil and gas sectors.
Market Highlights
Black Start Generator market is expected to project a notable CAGR of 3.8% in 2032.
Black Start Generator market to surpass USD 2.22 billion by 2032 from USD 1.47 billion in 2021 at a CAGR of 3.8% in the coming years, i.e., 2022-32. Growing power demand in developing and underdeveloped nations, rapid construction of power plants, and growing application in various end-use industries will boost the growth of Black Start Generator market.
Figure - Market Analysis of Black Start Generator Market
Get More Information - Download Free Sample
Black Start Generator Market: Segments
Diesel segment to hold the largest market share during the forecast period 2022-32
Black Start Generator market is classified on the basis of engine type into Diesel, Gas, and Others. Diesel segment is expected to hold the largest share during the forecast period. The growth is attributed to the easy fuel sourcing and storage, quick response time, and longer running life of diesel generators. These generators are widely used in various power plants for emergency backup power source.
Power segment holds the largest share in the market
Black Start Generator market is classified on the basis of industry into Power, Manufacturing, Oil & Gas, Healthcare, and Others. Power segment is dominating the market with the largest share. The growth is attributed to the growing construction of new power plants in many regions to cater to the rising power demands. Furthermore, the rising demand from various industries such as healthcare, oil & gas, manufacturing, and IT for black start generators is fueling the market growth.
Figure - Market Analysis of Global Black Start Generator Market
Get More Information - Download Free Sample
Market Dynamics
Growth Drivers
Growing Power Demand and Rising Construction of Power Plants
Power transmission and distribution sector, mainly in developed and underdeveloped nations is facing regular cut-offs in power supply due to shortage in power generation capacity required to meet the consumer demand. These circumstances affect the industry operations and productivity of many industries. Black start generators are being used to mitigate these problems. Furthermore, rapid construction of new power plants in many countries to meet the energy demands of consumers will drive the growth of Black Start Generator Market.
Growing Application in End-Use Industries
Rapidly growing manufacturing industries, healthcare, IT, and oil & gas sectors have increased the application of black start generators in order to ensure seamless industry operations. Furthermore, the inception of UPS model in black start generators will propel the growth of the market.
Restraint
High Operation and Maintenance Costs
Regular maintenance and testing of black start generators is necessary for its proper functioning and hence leads to high maintenance and operation costs, which is retraining the growth of the market.
Black Start Generator Market: Key Players
- Mitsubishi Heavy Industries Inc.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Generac Holdings Inc.
- General Electric Co.
- Cummins Inc.
- MTU Onsite Energy
- Himoinsa S.L.
- Caterpillar Inc.
- JCB Power Products
- Aggreko PLC
- Kohler Power
- Genesal Energy
- FG Wilson
- Wartsila Corporation
- Zest WEG Group
- Man Diesel & Turbo SE
- Other Prominent Players
Black Start Generator Market: Regions
Black Start Generator market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific is dominating the market with the largest share. The growth is attributed to the rapid industrialization, expansion of IT and healthcare sector, construction of new power plants, rising investments, and favorable government policies. Furthermore, North America is expected to grow at a significant rate during the forecast period.
Get More Information - Download Free Sample
Impact of Covid-19 on Black Start Generator Market
Covid-19 had severely affected economic activities across the world. Many countries had to impose lockdowns and strict social distancing norms in order to control the spread of Coronavirus. Lockdowns have disrupted the production activities and global supply chains. Covid-19 had a negative impact on Black Start Generator market. However, the market is projected to grow significantly in the post-pandemic scenario during the forecast period.
Black Start Generator Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Black Start Generator Market report also contains analysis on:
Black Start Generator Market Segments:
- By Engine Type
- Diesel
- Gas
- Others
- By Power Rating
- Below 1,000 kW
- 1,000 kW-2,000 kW
- 2,000 kW-3,000 kW
- Above 3,000 kW
- By Industry
- Power
- Manufacturing
- Oil & Gas
- Healthcare
- Others
- Black Start Generator Market Dynamics
- Black Start Generator Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Black Start Generator Market Report Scope and Segmentation
Black Start Generator Market Segments:
- By Engine Type
- Diesel
- Gas
- Others
- By Power Rating
- Below 1,000 kW
- 1,000 kW-2,000 kW
- 2,000 kW-3,000 kW
- Above 3,000 kW
- By Industry
- Power
- Manufacturing
- Oil & Gas
- Healthcare
- Others
- Black Start Generator Market Dynamics
- Black Start Generator Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Black Start Generator Market Report Scope and Segmentation
|
REPORT ATTRIBUTE |
DETAILS |
|
Market size value in 2021 |
USD 1.47 billion |
|
Revenue forecast in 2032 |
USD 2.22 billion |
|
Growth Rate |
CAGR of 3.8% from 2022 to 2032 |
|
Base year for estimation |
2021 |
|
Quantitative units |
Revenue in USD million and CAGR from 2022 to 2032 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Engine Type, Power Rating, Industry, and Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key companies profiled |
Mitsubishi Heavy Industries Inc., Generac Holdings Inc., General Electric Co., Cummins Inc., MTU Onsite Energy, Himoinsa S.L., Caterpillar Inc., JCB Power Products, Aggreko PLC, Kohler Power, Genesal Energy, FG Wilson, Wartsila Corporation, Zest WEG Group, Man Diesel & Turbo SE, and Other Prominent Players |
Frequently Asked Questions (FAQ):
Black Start Generator market size was estimated at USD 1.47 billion in 2021 and is expected to reach USD 2.22 billion in 2032.
Black Start refers to the process of restarting parts of the power station during a blackout without support from external networks. Black start generators are capable of kick-starting power plants by providing initial power backup in case of a blackout without having to rely on any external electric source.
Diesel, and Power segment accounted for the largest Black Start Generator market share.
Key players: Mitsubishi Heavy Industries Inc., Generac Holdings Inc., General Electric Co., Cummins Inc., MTU Onsite Energy, Himoinsa S.L., Caterpillar Inc., JCB Power Products, Aggreko PLC, Kohler Power, Genesal Energy, FG Wilson, Wartsila Corporation, Zest WEG Group, Man Diesel & Turbo SE, and Other Prominent Players are the key players in the Black Start Generator market.
Growing Power Demand and Rising Construction of Power Plants and Growing Application in End-Use Industries are the factors driving the Black Start Generator market.
.png){kind=icon}
