Black Start Generator Market Size, Share, Analysis, Trends, Growth, 2032

Black Start Generator Market Insights

Zion Market Research has published a report on the global Black Start Generator Market, estimating its value at USD 2.38 Billion in 2023, with projections indicating that it will reach USD 3.93 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.2% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Black Start Generator Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Black Start Generator Market: Overview

Black Start Generators are a solution that help in providing a power start of the plants in case of power failure or blackout. These generators are generally used in order to reduce the starting time of the primary generators in power plants by providing power from sources such as forced draft fan, boiler feed pump, induced draft fan and circulating water pumps which can run the power plant. The generator is not required to be relying on and\y external power sources and is responsible to provide an initial power back up to the power plant in case of power failure or power cut.  

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Black Start Generator Market: COVID-19 Impact Analysis

Covid-19 pandemic has resulted to a temporary halt in the functioning and operation of numerous industries across the globe. The industries have been working with a minimal workforce in order to follow the restrictions been imposed to tackle the global health crisis by the governmental authorities. The Black Start Generator Market has also experienced a negative impact on the revenue growth sur to the pandemic and is expected to show this downfall for certain period of time. With the upliftment of the Covid-19 restriction the industry is expected to regain its original position and start functioning and generating revenue in the forecast period.

Black Start Generator Market: Growth Factors

Increasing in the number of construction and reconstruction power plants and the rising number of manufacturing industries and regulatory bodies across the globe is one of the major factors attributing to the growth of the overall market. The Black Start generators market has seen an increasing application over the years. The demand of black start generators in oil and gas industry with being in a competitive market has been the prime factor fueling the growth of the market across the globe.

The black start generators have application in the thermal, hydro and nuclear power plants owing to the properties it offers compared to the other sources of power generation. The scope of the market has been increased with the substantial use of the black start generators in the Healthcare, IT and telecommunication, manufacturing sectors. The major factor behind the increasing demand of the black start generator is that it has a minimum power output of 20MW and has an ability to provide a quick start to the primary power generator.

Black Start Generator Market: Report Scope

Type Segment Analysis Preview

Diesel segment will grow at a CAGR of over 3.62% from 2024 to 2032. This is attributable to increasing demand of the diesel generators which is owing to the easy fuel sourcing and storage, quick response time and having a longer running life. The diesel generators are also over other forms due to its capability to instantly activate a power failure and the reliability possessed by the diesel form. Despite of having a lower cost of gas and hybrid generator the growth of the gas and hybrid form is restricted due to the shorter running life and difficulty in sourcing of fuel. Therefore, posing all these benefits the demand for energy from diesel generators is expected to dominate the market over the forecast period.

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Industry Segment Analysis Preview

Power segment held a share of around 35.67% in 2020. This is attributable to having the black start generators prime application in the power generation sector in order to provide initial power to restart power plant due to a blackout. However, since the last few years the black start generators have been in tremendous demand from manufacturing, healthcare and IT sector and oils and gas industry which has led to the increase in scope of application. But the power sector still is a major contributor for the market growth. The major factor driving the growth of the segment is dur to the increasing demand for power with the increasing construction of power plant across the globe.

Regional Analysis Preview

The Asia-Pacific region held a share of more than 19.23% in 2020 and is expected to show the highest growth in the forecast period. This is attributable to the increasing growth of the power generation and IT and telecom sectors and new proactive policy reformation. The major contributors in this region are China and India which has been enabling the growth of manufacturing sector in this region. China being at forefront is expected to show the highest growth in the forecast period.

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The North American region is projected to grow at a CAGR of more than 2.69% over the forecast period. After the Asia -Pacific region the developed countries such as Australia, North America and Europe are expected to have a descent growth over the next 5-6 years which is attributable to the increasing demand from newer applications from centers such as military and remote power community for the black start generators. Markets in other regions such as Middle East and Africa also expected to show lucrative growth due the opportunities from the mining industry.

Black Start Generator Market: Competitive Landscape

Some of key players in Black Start Generator Market are

• GE
• Caterpillar Inc.
• Cummins Inc. 
• Mitsubishi Heavy Industries Ltd.
• MTU Onsite Energy
• Kohler Company
• Wartsila Corporation
• Aggreko PLC
• Gensal Energy and Mpower.

The Global Black Start Generator Market is segmented as follows:

By Type

• Gas
• Diesel
• Hybrid
• Others

By Power Ratings

• Below 1000 kW
• 1000 kW–2000 kW
• 2000 kW–3000 kW
• Above 3000 kW

By Industry

• Oil and Gas
• Manufacturing
• Power
  • Nuclear
  • Hydro
  • Thermal Power
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa