Variable Speed Generator Market Set for Rapid Growth During 2022-2028 The variable speed generator market was estimated at USD 6.18 billion in 2022 and is likely to grow at a CAGR of 8.89% during 2023-2028 to reach USD 10.35 billion in 2028. What is a variable speed generator? A variable speed generator is used in optimizing turbine design. It helps in tuning the wind turbine for maximum energy without getting limited by the speed range of the narrow generator. The generator also can store energy with the help of the battery is there in the inverter. Variable speed generators can be of various types such as variable speed self-excited induction generators, doubly-fed induction generators, wound rotor induction generators, and permanent magnet synchronous generators. The generator works based on two types and these are power electronics and mechanical variables. Hydroelectric power generation, oil, gas & mining, renewable power generation, marine & shipbuilding, and commercial are some of the industries where variable speed generators are being used. Market Dynamics The growth of the variable speed generator market is primarily driven by- Rapid industrialization and urbanization. Growing cognizance of renewable energy. Imposing government directives on energy efficiency. Read More: https://www.stratviewresearch.com/620/variable-speed-generator-market.html