Alternators Market are the devices that convert any kind of mechanical energy from a prime mover into alternating electric power (AC current), at specific voltage and frequency. Since its first introduction, alternators have become an essential part of modern day power generation system. Rising demand for power for a variety of applications has resulted into an increase in the penetration of alternators. Applications such as automotive, industrial manufacturing and Processing, power plants and many others make extensive use of alternators in order to fulfill their power requirement. Alternators are used extensively in power generation plants using non-conventional energy sources.
The post-recession revival of the automotive industry is one of the major factors contributing to the rise in demand for alternators. Every modern day on-road vehicle is equipped with an alternator in order to provide AC electric supply to different modules of the vehicle. With the consistent rise in automotive industry, the demand for alternator is also expected to demonstrate considerable growth during the forecast period. Similarly, perpetually rising power consumption across applications such as marine, telecommunication towers, commercial and residential infrastructures is another prominent factor promoting the alternator market. In addition, alternators are used for locomotive traction motors, marine and mining application. Growing heavy industries and consistent rising demand for AC power supply is expected to continue boosting the overall alternator market in the following years.
In order to help strategic decision makers, the report also includes competitive profiling of the leading alternator manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include Controlled Power Technologies, Ltd., Valeo Group, Lucas Electrical, Ltd., Controlled Power Technologies, Ltd., ASIMCO Technologies Ltd., Hitachi Automotive Systems, Ltd., Hella KGaA Hueck & Co (Japan), Mitsubishi Electric Corporation, The Bosch Group, Denso Corporation, Mitsuba Corporation, Cummins, Inc., and Emerson, Electric, Co. among others. Other in-depth analysis provided in the report includes:
As of 2020, Low voltage segment (ranging from 0 to 1000V) is the largest segment, in terms of revenue, of the overall alternator market worldwide. Low voltage alternators are extensively used in automobiles and small and medium capacity standby power equipment. With the consistent rise in the automobile consumption across the world, the demand for low voltage alternator is set to continue rising at a brisk rate. In addition, increasing power consumption and growing trend of using standby power equipment such as portable generators are also aiding the low voltage alternator segment in maintaining its dominance in overall alternator market.
High voltage alternator segment trails low voltage alternator segment in terms of revenue, as of 2020. High voltage alternator ranging 5000V and above are used in a variety of high voltage applications such as marine, railway locomotive, high power generation equipment and mining. High voltage alternators are also used in non-conventional energy generation stations including wind turbines, hydroelectric power and tidal energy power stations. Growing inclination towards non-conventional power sources is generating major demand for high voltage alternators. Consequently, the high voltage alternator market is expected to grow at a high rate during the forecast period.
As of 2020, the automotive segment dominated the overall alternator market. Alternators are extensively used in automobiles for power generation so as to run the related electronic modules. They derive power from the engine and generate the energy to charge the battery and supply electric power necessary for the vehicle utilities. With the rise in the number of electronic modules in modern-day automobile, the power requirement of automobile has also increased significantly. In addition, consistent growth in the automotive sector, especially in the Asia Pacific region, has uplifted the penetration of automotive alternators. In the following years, the automotive segment is estimated to retain its dominant position, in the overall market.
Standby power segment trails the automotive application segment, in terms of revenue. The segment growth is primarily driven by the increasing installation of standby power equipment and generators across commercial and industrial sectors. Alternator are extensively used in such equipment to convert mechanical motion into AC power supply. In addition, standby power equipment are used to supply continued power to telecommunication towers. Due to expanding application area, the segment would demonstrate promising growth in the following years.
As of 2020, the alternator market is dominated by the Asia Pacific region contributing to more than 40% of the total market revenue. The market here is primarily driven by the countries such as Japan, China, India and South Korea among others having high energy consumption. The energy requirement of these region is considerably high due to strong industrial manufacturing and processing sector here. In addition, flourishing automotive industries in Asia Pacific is creating high demand for alternators in this region. Consequently, Asia Pacific is expected to continue its dominance throughout the forecast period.
European alternator market succeeds the Asia Pacific region, in terms of revenue. High inclination towards non-conventional source of energy has extensively influenced the requirement for high voltage alternator in European countries.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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The post-recession revival of the automotive industry is one of the major factors contributing to the rise in demand for alternators. Every modern day on-road vehicle is equipped with an alternator in order to provide AC electric supply to different modules of the vehicle. With the consistent rise in automotive industry, the demand for alternator is also expected to demonstrate considerable growth during the forecast period. Similarly, perpetually rising power consumption across applications such as marine, telecommunication towers, commercial and residential infrastructures is another prominent factor promoting the alternator market. In addition, alternators are used for locomotive traction motors, marine and mining application. Growing heavy industries and consistent rising demand for AC power supply is expected to continue boosting the overall alternator market in the following years.
In order to help strategic decision makers, the report also includes competitive profiling of the leading alternator manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include Controlled Power Technologies, Ltd., Valeo Group, Lucas Electrical, Ltd., Controlled Power Technologies, Ltd., ASIMCO Technologies Ltd., Hitachi Automotive Systems, Ltd., Hella KGaA Hueck & Co (Japan), Mitsubishi Electric Corporation, The Bosch Group, Denso Corporation, Mitsuba Corporation, Cummins, Inc., and Emerson, Electric, Co. among others. Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the alternator market.
- Market fuellers, market impediments, and their impact on the market growth
- Market inclination insights including evolution of alternators and key trend analysis for alternator market
- In-depth competitive environment analysis
- Trailing 2-Year market size data (2020 - 2021)
- SRC (Segment-Region-Country) Analysis
As of 2020, Low voltage segment (ranging from 0 to 1000V) is the largest segment, in terms of revenue, of the overall alternator market worldwide. Low voltage alternators are extensively used in automobiles and small and medium capacity standby power equipment. With the consistent rise in the automobile consumption across the world, the demand for low voltage alternator is set to continue rising at a brisk rate. In addition, increasing power consumption and growing trend of using standby power equipment such as portable generators are also aiding the low voltage alternator segment in maintaining its dominance in overall alternator market.
High voltage alternator segment trails low voltage alternator segment in terms of revenue, as of 2020. High voltage alternator ranging 5000V and above are used in a variety of high voltage applications such as marine, railway locomotive, high power generation equipment and mining. High voltage alternators are also used in non-conventional energy generation stations including wind turbines, hydroelectric power and tidal energy power stations. Growing inclination towards non-conventional power sources is generating major demand for high voltage alternators. Consequently, the high voltage alternator market is expected to grow at a high rate during the forecast period.
As of 2020, the automotive segment dominated the overall alternator market. Alternators are extensively used in automobiles for power generation so as to run the related electronic modules. They derive power from the engine and generate the energy to charge the battery and supply electric power necessary for the vehicle utilities. With the rise in the number of electronic modules in modern-day automobile, the power requirement of automobile has also increased significantly. In addition, consistent growth in the automotive sector, especially in the Asia Pacific region, has uplifted the penetration of automotive alternators. In the following years, the automotive segment is estimated to retain its dominant position, in the overall market.
Standby power segment trails the automotive application segment, in terms of revenue. The segment growth is primarily driven by the increasing installation of standby power equipment and generators across commercial and industrial sectors. Alternator are extensively used in such equipment to convert mechanical motion into AC power supply. In addition, standby power equipment are used to supply continued power to telecommunication towers. Due to expanding application area, the segment would demonstrate promising growth in the following years.
As of 2020, the alternator market is dominated by the Asia Pacific region contributing to more than 40% of the total market revenue. The market here is primarily driven by the countries such as Japan, China, India and South Korea among others having high energy consumption. The energy requirement of these region is considerably high due to strong industrial manufacturing and processing sector here. In addition, flourishing automotive industries in Asia Pacific is creating high demand for alternators in this region. Consequently, Asia Pacific is expected to continue its dominance throughout the forecast period.
European alternator market succeeds the Asia Pacific region, in terms of revenue. High inclination towards non-conventional source of energy has extensively influenced the requirement for high voltage alternator in European countries.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Alternator market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Alternator market and their expected impact during the forecast period.
Market Segmentation
Voltage Range
- Low Voltage
- Medium Voltage
- High Voltage
Design
- Salient Pole Type
- Smooth Cylindrical Type
Application
- Automotive
- Industrial
- Marine
- Power Plant
- Stand-by Power
- Others
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
- Pre Covid-19 situation
- Post Covid-19 situation
Key Questions Answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Alternator market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Alternator market?
- Which is the largest regional market for Alternator market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Alternator market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Alternator market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Alternator Market
2.2. Global Alternator Market, By Voltage Range, 2021 (US$ Million)
2.3. Global Alternator Market, By Design, 2021 (US$ Million)
2.4. Global Alternator Market, By Application, 2021 (US$ Million)
2.5. Global Alternator Market, By Geography, 2021 (US$ Million)
2.6. Impact of Covid 19
2.7. Attractive Investment Proposition by Geography, 2021
2.8. Competitive Analysis
2.8.1. Market Positioning of Key Alternator Market Vendors
2.8.2. Strategies Adopted by Alternator Market Vendors
2.8.3. Key Industry Strategies
3. Alternator Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Alternator Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Alternator Market: By Voltage Range, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Low Voltage
4.3.2. Medium Voltage
4.3.3. High Voltage
5. Alternator Market: By Design, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Salient Pole Type
5.3.2. Smooth Cylindrical Type
6. Alternator Market: By Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Automotive
6.3.2. Industrial
6.3.3. Marine
6.3.4. Power Plant
6.3.5. Stand-by Power
6.3.6. Others7. North America Alternator Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Alternator Market: By Voltage Range, 2020-2030, USD (Million)
7.3. Alternator Market: By Design, 2020-2030, USD (Million)
7.4. Alternator Market: By Application, 2020-2030, USD (Million)
7.5.Alternator Market: By Region, 2020-2030, USD (Million)
7.5.1.North America
7.5.1.1. U.S.
7.5.1.2. Canada
7.5.1.3. Rest of North America
8. UK and European Union Alternator Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Alternator Market: By Voltage Range, 2020-2030, USD (Million)
8.3. Alternator Market: By Design, 2020-2030, USD (Million)
8.4. Alternator Market: By Application, 2020-2030, USD (Million)
8.5.Alternator Market: By Region, 2020-2030, USD (Million)
8.5.1.UK and European Union
8.5.1.1. UK
8.5.1.2. Germany
8.5.1.3. Spain
8.5.1.4. Italy
8.5.1.5. France
8.5.1.6. Rest of Europe
9. Asia Pacific Alternator Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Alternator Market: By Voltage Range, 2020-2030, USD (Million)
9.3. Alternator Market: By Design, 2020-2030, USD (Million)
9.4. Alternator Market: By Application, 2020-2030, USD (Million)
9.5.Alternator Market: By Region, 2020-2030, USD (Million)
9.5.1.Asia Pacific
9.5.1.1. China
9.5.1.2. Japan
9.5.1.3. India
9.5.1.4. Australia
9.5.1.5. South Korea
9.5.1.6. Rest of Asia Pacific
10. Latin America Alternator Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Alternator Market: By Voltage Range, 2020-2030, USD (Million)
10.3. Alternator Market: By Design, 2020-2030, USD (Million)
10.4. Alternator Market: By Application, 2020-2030, USD (Million)
10.5.Alternator Market: By Region, 2020-2030, USD (Million)
10.5.1.Latin America
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
11. Middle East and Africa Alternator Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Alternator Market: By Voltage Range, 2020-2030, USD (Million)
11.3. Alternator Market: By Design, 2020-2030, USD (Million)
11.4. Alternator Market: By Application, 2020-2030, USD (Million)
11.5.Alternator Market: By Region, 2020-2030, USD (Million)
11.5.1.Middle East and Africa
11.5.1.1. GCC
11.5.1.2. Africa
11.5.1.3. Rest of Middle East and Africa
12. Company Profile
12.1. Controlled Power Technologies, Ltd.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Valeo Group
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Lucas Electrical, Ltd.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Controlled Power Technologies, Ltd.
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. ASIMCO Technologies Ltd.
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Hitachi Automotive Systems, Ltd.
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Hella KGaA Hueck & Co
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Mitsubishi Electric Corporation
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. The Bosch Group
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Denso Corporation
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Mitsuba Corporation
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Cummins, Inc.
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
12.13. Emerson, Electric, Co.
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Portfolio
12.13.4. Strategic Initiatives
List of Figures
Figure 1. Global Alternator Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Alternator Market: Quality Assurance
Figure 5 Global Alternator Market, By Voltage Range, 2021
Figure 6 Global Alternator Market, By Design, 2021
Figure 7 Global Alternator Market, By Application, 2021
Figure 8 Global Alternator Market, By Geography, 2021
Figure 9 Global Alternator Market, By Voltage Range, 2021 Vs 2030, %
Figure 10 Global Alternator Market, By Design, 2021 Vs 2030, %
Figure 11 Global Alternator Market, By Application, 2021 Vs 2030, %
Figure 12 U.S. Alternator Market (US Million), 2020 - 2030
Figure 13 Canada Alternator Market (US Million), 2020 - 2030
Figure 14 Rest of North America Alternator Market (US Million), 2020 - 2030
Figure 15 UK Alternator Market (US Million), 2020 - 2030
Figure 16 Germany Alternator Market (US Million), 2020 - 2030
Figure 17 Spain Alternator Market (US Million), 2020 - 2030
Figure 18 Italy Alternator Market (US Million), 2020 - 2030
Figure 19 France Alternator Market (US Million), 2020 - 2030
Figure 20 Rest of Europe Alternator Market (US Million), 2020 - 2030
Figure 21 China Alternator Market (US Million), 2020 - 2030
Figure 22 Japan Alternator Market (US Million), 2020 - 2030
Figure 23 India Alternator Market (US Million), 2020 - 2030
Figure 24 Australia Alternator Market (US Million), 2020 - 2030
Figure 25 South Korea Alternator Market (US Million), 2020 - 2030
Figure 26 Rest of Asia Alternator Market (US Million), 2020 - 2030
Figure 27 Brazil Alternator Market (US Million), 2020 - 2030
Figure 28 Mexico Alternator Market (US Million), 2020 - 2030
Figure 29 Rest of Latin America Alternator Market (US Million), 2020 - 2030
Figure 30 GCC Alternator Market (US Million), 2020 - 2030
Figure 31 Africa Alternator Market (US Million), 2020 - 2030
Figure 32 Rest of Middle East and Africa Alternator Market (US Million), 2020 - 2030
List of Tables
Table 1 Global Alternator Market By Voltage Range, 2020-2030, USD (Million)
Table 2 Global Alternator Market By Design, 2020-2030, USD (Million)
Table 3 Global Alternator Market By Application, 2020-2030, USD (Million)
Table 4 North America Alternator Market By Voltage Range, 2020-2030, USD (Million)
Table 5 North America Alternator Market By Design, 2020-2030, USD (Million)
Table 6 North America Alternator Market By Application, 2020-2030, USD (Million)
Table 7 UK and European Union Alternator Market By Voltage Range, 2020-2030, USD (Million)
Table 8 UK and European Union Alternator Market By Design, 2020-2030, USD (Million)
Table 9 UK and European Union Alternator Market By Application, 2020-2030, USD (Million)
Table 10 Asia Pacific Alternator Market By Voltage Range, 2020-2030, USD (Million)
Table 11 Asia Pacific Alternator Market By Design, 2020-2030, USD (Million)
Table 12 Asia Pacific Alternator Market By Application, 2020-2030, USD (Million)
Table 13 Latin America Alternator Market By Voltage Range, 2020-2030, USD (Million)
Table 14 Latin America Alternator Market By Design, 2020-2030, USD (Million)
Table 15 Latin America Alternator Market By Application, 2020-2030, USD (Million)
Table 16 Middle East and Africa Alternator Market By Voltage Range, 2020-2030, USD (Million)
Table 17 Middle East and Africa Alternator Market By Design, 2020-2030, USD (Million)
Table 18 Middle East and Africa Alternator Market By Application, 2020-2030, USD (Million)
Companies Mentioned
- Controlled Power Technologies Ltd.
- Valeo Group
- Lucas Electrical Ltd.
- Controlled Power Technologies Ltd.
- ASIMCO Technologies Ltd.
- Hitachi Automotive Systems Ltd.
- Hella KGaA Hueck & Co
- Mitsubishi Electric Corporation
- The Bosch Group
- Denso Corporation
- Mitsuba Corporation
- Cummins Inc.
- Emerson
- Electric Co.
