March 29, 2020

Generator Control Units Market will be growing at a CAGR of 4.75% during the forecast period from 2018 to 2026

According to a new market report published by Credence Research Inc. “Generator Control Units Market – 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. Numerous upcoming commercial and industrial construction projects are expected to boost sales of generator sets during the forecast period.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/generator-control-units-market

Even developed regions such as North America and Europe have begun to adopt off-grid power systems to reduce dependence on electricity on a utility scale. This has increased the sales of generator sets in these regions. As a result, the increasing volume of off-grid power consumption has driven the sale of generators across the globe. All of these factors, along with increasing demand for uninterrupted power supply, are expected to drive demand for generator control units globally. The global market for generator control units (GCUs) is expected to cross US$ 850.0 million by 2026 with a CAGR of 4.75 per cent over the forecast period from 2018 to 2026.

Digital GCU offers better control performance in variable frequency power systems compared to analog GCUs. Digital GCU offers easy tuning, modification and no aging compared to analog control units. OEMs looking forward to switching from analog generator control units to digital generator controllers, due to the advantages of DGCUs, major avionics and airborne equipment. All of these factors are expected to increase the adoption of the digital GCU over the forecast period.

Based on end-use applications, generator control units market is classified as industrial, transport, power plant, residential and commercial. The projected growth in industry vertical sectors such as oil and gas, construction and mining is expected to fuel demand for GCUs in industrial applications. The aviation and transport segments are expected to see the fastest growth in the forecast period. The increasing deployment of digital GCUs in this segment is expected to support market growth over the forecast period. Significant demand from the power plant sectors is also expected for generator control units with an increasing number of power plants worldwide.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

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.

Report Scope by Segments

By Product Type

  • Analog GCU
  • Digital GCU

By End-use Application

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

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59258

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