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Navigant Research, a US market research institution, recently released a report that by 2026, the global smart generator set market revenue is expected to exceed 18.
5 billion US dollars, with an annual compound growth rate of 10.
5%.
As the global power equation shifts to be more decentralized, smarter and interconnected, smart features are being incorporated into generator sets
at an ever-increasing rate.
Thanks to advances in control technology and ubiquitous connectivity of devices in the energy cloud, there is an increasing global demand for advanced features of generators, such as enhanced maintenance performance, microgrid interaction, and demand response
.
Adam Forni, senior research analyst at Navigant Research, said: "With improved controls and software and customer demand, smart generator sets will become a market upstart
.
While many older generator sets will still make up a significant proportion, smart generator sets are increasingly interacting
with people, other distributed energy sources, and the grid itself.
”
At present, various types of intelligent generator sets can be used in many fields around the world, including remote off-grid areas, complex application environments, and higher fuel cost projects
.
Generator set suppliers and software companies are constantly improving their technology to provide added value to customers and become more competitive
with alternative energy sources such as solar and storage, which are falling prices, according to the report.
Navigant Research, a US market research institution, recently released a report that by 2026, the global smart generator set market revenue is expected to exceed 18.
5 billion US dollars, with an annual compound growth rate of 10.
5%.
As the global power equation shifts to be more decentralized, smarter and interconnected, smart features are being incorporated into generator sets
at an ever-increasing rate.
Thanks to advances in control technology and ubiquitous connectivity of devices in the energy cloud, there is an increasing global demand for advanced features of generators, such as enhanced maintenance performance, microgrid interaction, and demand response
.
Adam Forni, senior research analyst at Navigant Research, said: "With improved controls and software and customer demand, smart generator sets will become a market upstart
.
While many older generator sets will still make up a significant proportion, smart generator sets are increasingly interacting
with people, other distributed energy sources, and the grid itself.
”
At present, various types of intelligent generator sets can be used in many fields around the world, including remote off-grid areas, complex application environments, and higher fuel cost projects
.
Generator set suppliers and software companies are constantly improving their technology to provide added value to customers and become more competitive
with alternative energy sources such as solar and storage, which are falling prices, according to the report.
