The magnitude of the emf, generated across a length dr of the rod, as it moves at right angles to the magnetic field, is given by
$\text{d}\varepsilon = \text{B}v\text{dr}.$
Therefore
$\varepsilon = \int\text{d}\varepsilon = \int\limits_{0}^{\text{R}}\text{B}v\text{dr} = \int\limits_{0}^{\text{R}}\text{B}\omega\text{rdr} =\frac{\text{B}\omega\text{R}^{2}}{2}.$
Alternate Answer
The potential difference across there sistor is equal to the induced emf and equals B× (rate of change of area of loop). If $\theta$is the angle between the rod and the radius of the circle at P at time t, the area of the sector OPQ(as shown in the figure) is given by
$\pi\text{R}^{2}\times\frac{\theta}{2\pi} = \frac{1}{2}\text{R}^{2}\theta$
Where R is the radius of the circle. Hence, the induced emf is $\varepsilon = \text{B} \times\frac{\text{d}}{\text{dt}}\bigg[ = \frac{1}{2}\text{R}^{2}\theta\bigg] = \frac{1}{2}\text{BR}^{2}\frac{\text{d}\theta}{\text{dt}} =\frac{\text{B}\omega\text{R}^{2}}{2}.$