Rising Demand for Reliable Power Supply Drives Growth in the Motor Generator Set Market: 2022-2032 Analysis

The global motor generator set market is expected to be valued at US$4,445.8 million by 2032, up from US$2,677.9 million in 2022, at a CAGR of 5.2% during the forecast period.

To avoid disruptions in daily business activities caused by power outages, a motor generator set is used to provide electricity. Despite the lower cost of diesel generator sets, gas generator sets are expected to infiltrate at a faster rate, expanding the motor generator set market share.

Welding and induction heating applications used in the automotive, electrical, and electronics industries drive up demand for motor generator sets. The ability of generator sets to supply the required output voltage and frequency broadens the market size of motor generator sets.

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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. 

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.

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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

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East & Africa

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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