Home >> Business >> Generator Control Units Market Size Is Expected To Reach US$ 850.0 Mn by 2026 | Credence Research

Generator Control Units Market Size Is Expected To Reach US$ 850.0 Mn by 2026 | Credence Research

According to a new market report published by Credence Research Inc “Generator Control Units Market By Product Type (Digital GCU, Analog GCU), End-use Application (Power Plants, Industrial Manufacturing, Aircraft And Transportation, Residential, Commercial) – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2026,” increasing demand for power across worldwide, growing number of power outages, and rising volume of off-grid power consumption are expected to be some of the major growth drivers for the global generator sales market over the forecast period from 2018 to 2026.

Browse the full report at “Generator Control Units Market

Numerous upcoming commercial and industrial construction projects are expected to boost sales of generator sets during the forecast period. Even developed regions such as North America and Europe have started adopting off-grid power systems to reduce dependence on utility scale electricity. This has boosted the sales of generator sets in these regions. Thus, increasing volume of off-grid power consumption has driven the sale of generator sets across the globe. All these factors along with rising demand for uninterrupted power supply is expected drive the demand for generator control units globally. the worldwide market for generator control units (GCUs) is anticipated to reach US$ 850.0 million by 2026 with a CAGR of 4.75 per cent over the forecast period from 2018 to 2026.

Digital GCU provides better control efficiency in variable frequency energy systems compared to analog GCUs. Digital GCU provides simple tuning, alteration and no aging compared to analog control units. OEMs looking forward to switching from analog generator control units to digital generator controller units, due to the advantages of DGCUs, major avionics and airborne equipment. All of these variables are anticipated to boost the implementation of the digital GCU over the forecast period.

Based on end-use applications, generator control units market is categorized as industrial, transport, energy plant, residential and commercial. The projected growth in industry vertical industries such as petroleum and gas, construction and mining is anticipated to boost demand for GCUs in industrial applications. The aviation and transport segments are anticipated to see the highest development in the forecast period. The increasing deployment of digital GCUs in this segment is anticipated to promote market growth over the forecast period. Significant demand from the power plant industries is also anticipated for generator control units with an growing amount of power plants worldwide.

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Asia Pacific is the largest regional market for generator control units and is expected to maintain its dominating position in the near future. Increasing industrialization in India, China and Southeast Asia is the primary factor expected to sustenance the growth of GCUs in the region. Considerable growth is also expected in Latin America and Middle East with significant investment in industrial manufacturing sectors.  

The global market for generator control units is highly fragmented and comprise large number of multinational players. Some major players operating in the global market include Emerson Electric Co., General Electric, ComAp, AMETEK Inc, Lamar Technologies LLC, Air Data Inc, Deep Sea Electronics, Kohler Co., Avionics Instruments LLC, DEIF A/S, Beckwith Electric Co., Inc, SmartGen, Jenoptik AG and others.

By Product Type (2016–2026; US$ Mn)

  • Analog GCU
  • Digital GCU

By End-use Application (2016–2026; US$ Mn)

  • Industrial Manufacturing
  • Power Plants
  • Aircraft and Transportation
  • Residential
  • Commercial

By Geography Segment (2016–2026; US$ Mn)

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America

Medium Blog: https://medium.com/@kumarganesh028/generator-control-units-market-is-expected-to-reach-us-850-0-mn-by-2026-credence-research-1069e6181197

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