The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global alternators market size reached US$ 17.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.1% during 2021-2026. 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global alternators market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on type, voltage, rated power, applications, speed, weight, end-use sector and fuel used.
Breakup by Type:
Based on type, the market has been segmented as permanent magnet alternators, synchronous alternators and electro-magnet induction based alternators. Currently, synchronous alternators dominate the market, holding the largest share.
Breakup by Voltage:
On the basis of voltage, 220-440V alternators represent the largest segment, holding the majority of the market share. 220-440V alternators are followed by >440V and <220V.
Breakup by Rated Power:
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 1500 kW-5000 kW segment accounts for the majority of the market share, representing the leading segment.
Breakup by Application:
Based on application, industrial applications hold the majority of the market share. They are followed by power generation, standby power, and marine, oil and gas.
Breakup by Speed:
On the basis of speed, the market has been divided into low, medium, high and ultra high speed alternators. Currently, high speed alternators exhibit a clear dominance in the market.
Breakup by Weight:
Based on weight, the market has been categorized into low, medium and high weight alternators, wherein low-weight alternators dominate the market.
Breakup by End-Use Sector:
On the basis of end-use segments, the market has been bifurcated into commercial, industrial and residential sectors. Among these, the industrial sector accounts for the majority of the global market.
Breakup by Fuel Used:
On the basis of fuel, the report finds that non-renewable fuels such as fossil fuels, such as diesel, gas, coal, etc., represent the biggest segment. They are followed by natural fuels which includes wind, water, solar, etc.
Breakup by Region:
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa and Latin America. Amongst these, Asia Pacific is the leading market accounting for the majority of the market share.
The competitive landscape of the market has also been examined with some of the key players being Stamford, Leroy Somer, Mecc Alte, Valeo, Denso and HHI.
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.
|Base Year of the Analysis||2020|
|Units||US$ Billion, Million Units|
|Segment Coverage||Type, Voltage, Rated Power, Applications, Speed, Weight, End-Use Sector, Fuel Used, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Stamford, Leroy Somer, Mecc Alte, Valeo, Denso and HHI|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at