The global alternators market size reached US$ 17.1 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 22.3 Billion by 2027, exhibiting a CAGR of 4.52% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Alternators refer to devices which convert mechanical energy into electrical energy. The working principle of alternators depends upon Faraday's law of electromagnetic induction in which the current is induced in the conductor surrounded by a magnetic field when there is a relative motion. Alternators find applications in electric generators; automotive, marine, gas and oil industries; power plants; etc.
Due to the increasing consumption of alternating current in different sectors, such as automotive, gas, industrial manufacturing, etc., the demand for alternators has witnessed a positive growth across the globe. Another key growth-inducing factor is the growing investment in grid infrastructure in the developing regions. Apart from this, modern day vehicles are equipped with an alternator which is driven by the engine to provide alternating current. Rising disposable incomes and prevalence of a luxurious lifestyle have led to a surge in the sales of vehicles over the years. Moreover, rising industrialisation along with growth in cogeneration offer new opportunities, thereby creating an attractive market for the alternators.
500KW-1500 kW
1500KW-5000 kW
>5000KW
The market has also been segregated on the basis of rated power into < 1, 1kW-5kW, 5kW- 50 kW, < 50 kW-500 kW, 500 kW-1500 kW, 1500kW-5000kW and > 5000 kW. Amongst these, the 1500kW-5000 kW segment accounts for the majority of the market share, representing the leading segment.
This report provides a deep insight into the global alternators market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, market segmentation based on type, voltage, rated power, application, speed, weight, fuel type and region. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the alternators market in any manner.
Alternators refer to devices which convert mechanical energy into electrical energy. The working principle of alternators depends upon Faraday's law of electromagnetic induction in which the current is induced in the conductor surrounded by a magnetic field when there is a relative motion. Alternators find applications in electric generators; automotive, marine, gas and oil industries; power plants; etc.
Due to the increasing consumption of alternating current in different sectors, such as automotive, gas, industrial manufacturing, etc., the demand for alternators has witnessed a positive growth across the globe. Another key growth-inducing factor is the growing investment in grid infrastructure in the developing regions. Apart from this, modern day vehicles are equipped with an alternator which is driven by the engine to provide alternating current. Rising disposable incomes and prevalence of a luxurious lifestyle have led to a surge in the sales of vehicles over the years. Moreover, rising industrialisation along with growth in cogeneration offer new opportunities, thereby creating an attractive market for the alternators.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global alternators market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, voltage, rated power, application, speed, weight, end-use sector and fuel used.Breakup by Type:
- Electro-Magnet (Induction) Alternators
- Permanent Magnet Alternators
- Other Alternators
Breakup by Voltage:
- 220V-440V Alternators
- More than 440V Alternators
- Less than 220V Alternators
Breakup by Rated Power:
- < 1kW
- 1 kW-5 kW
- 5 kW-50 kW
500KW-1500 kW
1500KW-5000 kW
>5000KW
The market has also been segregated on the basis of rated power into < 1, 1kW-5kW, 5kW- 50 kW, < 50 kW-500 kW, 500 kW-1500 kW, 1500kW-5000kW and > 5000 kW. Amongst these, the 1500kW-5000 kW segment accounts for the majority of the market share, representing the leading segment.
Breakup by Application:
- Industrial Applications
- Automotive and Transportation
- Power Generation
- Standby Power
- Others
Breakup by Speed:
- Low Speed Alternators
- Medium Speed Alternators
- High Speed Alternators
- Ultra High-Speed Alternators
Breakup by Weight:
- Low Weight Alternators
- Medium Weight Alternators
- High Weight Alternators
Breakup by End-Use Sector:
- Industrial
- Commercial
- Residential
Breakup by Fuel Used:
- Fossil fuel
- Natural
Breakup by Region:
- Asia-Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Cummins Inc. (Stamford-Avk), Mecc Alte SpA, Leroy-Somer, Inc., Valeo Service SAS, DENSO Europe BV and Hyundai Electric & Energy Systems Co., Ltd.This report provides a deep insight into the global alternators market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, market segmentation based on type, voltage, rated power, application, speed, weight, fuel type and region. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the alternators market in any manner.
Key Questions Answered in This Report:
- How has the global alternators market performed so far and how will it perform in the coming years?
- What are the key regions in the global alternators market?
- What has been the impact of COVID-19 on the global alternators market?
- Which are the popular product types in the global alternators market?
- What are the major voltage segments in the global alternators market?
- What is the breakup of the global alternators market on rated power basis?
- What is the breakup of the global alternators market on speed basis?
- What is the breakup of the global alternators market on weight basis?
- What are the key application segments in the global alternators market?
- What are the major end-use sectors in the global alternators market?
- What are the major fuels used in the global alternators market?
- What is the structure of the global alternators market and who are the key players?
- What is the degree of competition in the global alternators market?
Frequently Asked Questions about the Global Alternators Market
What is the estimated value of the Global Alternators Market?
What is the growth rate of the Global Alternators Market?
What is the forecasted size of the Global Alternators Market?
Who are the key companies in the Global Alternators Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | October 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD
| USD 17.1 Billion |
| Forecasted Market Value ( USD
| USD 22.3 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Alternators Market
6 Market Performance by Type
7 Market Performance by Voltage
8 Market Performance by Rated Power
9 Market Performance by Application
10 Market Performance by Speed
11 Market Performance by Weight
12 Market Performance by End-Use Sector
13 Market Performance by Fuel Used
14 Market Performance by Region
15 Competitive Landscape
16 Key Players Profiles
List of Figures
List of Tables
Companies Mentioned
- Cummins Inc. (Stamford-Avk)
- Mecc Alte SpA
- Leroy-SomerInc
- Valeo Service SAS
- DENSO Europe BV
- Hyundai Electric & Energy Systems Co. Ltd
Methodology
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