Black Start Generator Market Trends

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 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)

Frequently Asked Questions (FAQ)

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.

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

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.

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.

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

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

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.

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.

Black Start Generator Market Trends