Black Start Generator Market Size Forecasts 2035

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Black Start Generator Market size is anticipated to reach USD 3 Billion by the end of 2035, witnessing around CAGR of 5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of black start generator was over USD 2 Billion. Black start generators are high in demand during blackouts for providing power backup without depending on any external electric source. Thus, the rising number of power outages is anticipated to be the primary growth factor of the market. In 2022, around 30% of Indian households have faced power outages for up to 2 hours every day on average.

Black start generators are beneficial in accelerating system restoration during and after a power failure at power generation stations. Thus, black start generators are advantageous for the initial backup as they provide a fast start-up to the primary turbine generators. In times of technical and natural disasters, the emergence of black start generator has ensured an uninterrupted power supply.

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Black Start Generator Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~5%
Base Year Market Size (2022)	~ USD 2 Billion
Forecast Year Market Size (2035)	~ USD 3 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Black Start Generator Sector: Growth Drivers and Challenges

Growth Drivers

Increasing Demand for Power Backup – Rapid industrialization has led to an increase in demand for power backups in every sector. These generators act as reliable sources of energy in case of interruption in power supply.
The Surge in Power Monitoring and Control Systems – The trend of power monitoring systems have increased the development of black start generators. Remote monitoring and control systems help the users by providing real-time data on the generator’s performance and functions. This leads to increased efficiency of black start generators.
Rising Use of Smart Grid along with Smart Meters – Recent technology advancements have led to the emergence of smart grid technology and smart meters. Smart grid technology has been observed to elevate the communication and overall reciprocity between the generators and the grid. This has aided in allowing effective black start generator operations by monitoring the power supply in case of a blackout. In 2021, there were about 110 million advanced (smart) metering infrastructure (AMI) installations, which equals about 70% of the total electric meter installations.

Challenges

Easy Availability of Alternatives for Black Start Generators – Technological advancements have made the availability of alternate solutions to black start generators such as battery-enabled modular energy storage units easy. These alternatives are also gaining popularity as these do not use fossil fuels as in the case of black start generators. This factor is estimated to hamper market growth during the assessment period.
High Installation and Maintenance Costs
Low Awareness Level About the Benefits of Black Start Generators

Black Start Generators Segmentation

Fuel Type (Diesel, Gas, Hybrid)

The diesel segment is anticipated to hold over 43% share of the global black start generator market during the forecast year. The demand for diesel black start generators is rising, owing to their many advantages such as fast and efficient reactive time, convenient fuel source, and prolonged life. Furthermore, the low cost and easy maintenance of diesel-based generators are other advantages that are estimated to attract consumers. Black start generators running on diesel require less time to activate during power cuts and are highly reliable which makes them an ideal option in heavy industries.

Application (Power Generation, Hydro, Thermal, Nuclear, Oil & Gas, Manufacturing, Healthcare, IT)

The power generation segment in the black start generator market is set to garner the highest revenue share of 35% through the forecasted timeframe. This can be attributed to the increasing use of these black start generators for power generation. Especially in times of power outages, and blackouts. Additionally, the rising demand for electricity by this segment is attributed to the increase in the utilization rate of black start generators. The global electricity demand is growing by 2% every year and is expected to double by 50% by 2050. Moreover, black start generators have been found extremely useful and convenient in many end-user industries such as oil & gas, manufacturing, healthcare, IT, and others for power generation for their operation.

Power (Below 1,000kW, 1,000kW- 2000kW, 2000kW – 3000kW, above 3000kW)

The 2000kW – 3000kW sub-segment is poised to account for a significant share of the power segment. This power rating helps in providing an electric supply to auxiliary components and ensures smooth and streamlined power throughout the power plant.

Our in-depth analysis of the global market includes the following segments:

Fuel Type	Diesel Gas Hybrid
Power	Below 1,000kW 1,000kW – 2,000kW 2,000kW – 3,000kW Above 3,000kW
Application	Power Generation Hydro Thermal Nuclear Oil & Gas Manufacturing Healthcare IT

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Black Start Generator Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific black start generator market is projected to have the highest growth of about 35% by the end of 2035. Asia Pacific region is considered to be one of the fastest-growing regions in the world owing to the increasing population, rapid industrialization, and increased urbanization. As a result, the demand for an uninterrupted power supply is high which brings in the need for black-start generators to ensure the continued supply of electricity. Furthermore, many countries in the region such as India, Japan, China, and South Korea are heavily investing in efficient energy generation and transmission. This is slated to create a positive outlook for market expansion in the next few years.

North American Market Statistics

The North American black start generator market is set to hold 24% of the revenue share by the end of the projected timeframe, owing to the presence of the largest industrial share along with the energy-intensive manufacturing sector in the region which requires a continuous supply of electricity for operations. Furthermore, the availability of major key players in the region and their high investments in research and development activities is estimated to bring lucrative growth opportunities for increasing the market value in the upcoming years.

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Companies Dominating the Black Start Generator Landscape

Cummins Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

Mitsubishi Heavy Industries, Ltd.
Caterpillar Inc.
General Electric Company
Generac Holdings Inc.
HIMOINSA S.L.
J C Bamford Excavators Ltd
Aggreko Ltd
MAN Energy Solutions SE
MTU Onsite Energy

In The News

Cummins Inc. has introduced its two latest invertor-generator QG 2800i and 2500i. These generators are efficient and make 60% lesser noise. They work on gasoline and liquid propane, made primarily for Class B and truck campers.
Mitsubishi Heavy Industries, Ltd. and Mitsubishi Electric Corporation have joined hands to merge their power-generator systems businesses.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the black start generator market?

Ans: The increasing need for uninterrupted power supply and rapid growth of the heavy industries is anticipated to bring in lucrative growth opportunities for the expansion of market size.

2) What would be the CAGR of the black start generator market over the forecast period?

Ans: The market of black start generators is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 â€“ 2035.

3) Who are the major players dominating the black start generator market?

Ans: The major players in the market are Cummins Inc., Mitsubishi Heavy Industries, Ltd., Caterpillar Inc., General Electric Company, Generac Holdings Inc., HIMOINSA S.L., J C Bamford Excavators Ltd, Aggreko Ltd, MAN Energy Solutions SE, MTU Onsite Energy., and other key players.

4) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

5) What are the segments in the black start generator market?

Ans: The market is segmented by fuel type, application, power, and by region.

6) Which segment captures the largest market size in the application segment in the black start generator market?

Ans: The power generation segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

7) What are the challenges affecting the market growth?

Ans: Easy availability of alternatives along with the low awareness level about the advantages of black start generator are estimated to be the growth hindering factors for the market expansion.

8) Which region will provide more business opportunities for the growth of the black start generator market in the future?

Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.