Permanent Magnet Generators Market Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

Permanent magnet generators are gaining in popularity all the time. They convert mechanical energy produced by rotor blades to electrical energy and are renewable. The energy conversion is based on Faraday’s electromagnetic induction rules, which dynamically induce an electromotive force (e.m.f) in the generator’s coils as it rotates. Permanent magnets are included in the traditional rotor of an induction generator in permanent-magnet generators. These generators are quickly becoming a popular choice because they leave no residue or untreatable waste behind.

Small wind turbines frequently employ permanent magnet generators. They’re also being employed in huge offshore and onshore wind turbines these days. These generators are better induction motor replacements that can simply be connected to diesel generators, turbines, and hybrid automobiles. These generators are also suitable for use in wind and water machines. Permanent magnet generators provide several advantages, including self-protection against short circuits and extreme overloads, as well as ease of maintenance.

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The rate of consumption of conventional energy sources is expanding day by day. This has presented non-conventional energy sources as an alternative to traditional energy sources. Renewable energy sources, for example, wind, solar, biogas, small-scale hydro power plants, etc. provide enhanced ecological protection. Declining fossil fuels supply and the damaged environment, which in some ways can be blamed on the conventional energy sources, have made it more important to discover other energy sources.

The permanent magnet generators can be a direct current voltage machine with a rotary collector and brushes or an alternating current synchronous multiphase machine where the rotor and the stator magnetic fields are rotating at a similar speed. This removes the excitation losses in the rotor, which generally amount to 20% to 30% of the collective generator losses. The reduced losses additionally give a lower temperature rise, which essentially means that a simpler and smaller cooling system can also be used in the generator.In case of permanent magnet AC synchronous generator, the inductor is located at the rotor whereas in permanent magnet DC generator, the inductor which consists of a coil or wire loop is set up at the stator with a group of permanent magnets. In general, direct current permanent magnet generators are a preferred choice for wind turbine systems that operate at a small scale as they can work at low rotational speeds and give high degree of reliability with minimum maintenance costs. Their cut-in point is genuinely low and thus, they are also able to provide good proficiency particularly in light wind conditions.

Permanent Magnet Generators: market dynamics

The interest in permanent magnet generators is increasing day by day. Since electricity is becoming expensive with every passing day, individuals are searching for an alternative energy source and permanent magnet generators fit seamlessly in that place. These devices do not use any environmental resources to produce energy and in this way, are environment friendly. Other than this, no by products or wastage is produced by these generators during the energy generation process. Environment specialists have been making a special case for permanent magnet generators as these can diminish the pollution effect by up to 50%. Demand for permanent magnet generator is increasingly growing in wind turbine systems because of their numerous advantages.

Permanent Magnet Generators Market Participants

Examples of some of the market participants identified across the value chain of the global permanent magnet generators market include:

  • Siemens AG
  • THE SWITCH
  • Alxion
  • ABB Ltd
  • PM-Generator, Germany
  • BRAUN Windturbinen GmbH
  • RAMME Electric Machines GmbH
  • Windstream Power LLC
  • Nuova Saccardo Motori S.r.l
  • Hyosung Power & Industrial Systems PG
  • Baotou Tianlong Permanent Magnet Generator Manufacturing Co.,Ltd

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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