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The report "Variable Speed Generator Market by Type (Permanent Magnet, Doubly Fed Induction, Self-Excitation Induction, Wound Rotor Induction), Prime Mover (Wind, Hydro, Steam & Gas Turbine, Ic Engine), Technology, Power, End-User, Region - Global Forecast to 2022", published by MarketsandMarkets™, the global market is projected to reach USD 8.36 billion by 2022. The Variable Speed Generator Market is expected to grow from an estimated USD 5.79 billion in 2017 to USD 8.36 billion by 2022, registering a CAGR of 7.63% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, increasing government mandates over energy efficiency, and growing industrialization and urbanization.