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. According to the latest report by IMARC Group, titled “Alternators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global alternators market reached a volume of more than 6 Million Units in 2017.
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. Looking forward, the market volume is projected to exceed 8 Million Units by 2023, expanding at a CAGR of 3.7% during 2018-2023.
Market Summary:
- 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.
- 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.
- 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.
- 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.
- 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.
- Based on weight, the market has been categorized into low, medium and high weight alternators, wherein low-weight alternators dominate the market.
- 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.
- 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.
- 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 and Denso.
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?
- 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 segments 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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Alternators Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Type
5.4 Market Breakup by Voltage
5.5 Market Breakup by Rated Power
5.6 Market Breakup by Applications
5.7 Market Breakup by Speed
5.8 Market Breakup by Weight
5.9 Market Breakup by End-Use
5.10 Market Breakup by Fuel Used
5.11 Market Breakup by Region
5.12 Market Forecast
5.12.1 Volume Trends
5.12.2 Value Trends
6 Market Performance by Type
6.1 Electro-Magnet (Induction) Alternators
6.1.1 Current and Historical Market Trends
6.1.2 Market Forecast
6.2 Permanent Magnet Alternators
6.2.1 Current and Historical Market Trends
6.2.2 Market Forecast
6.3 Others Alternators
6.3.1 Current and Historical Market Trends
6.3.2 Market Forecast
7 Market Performance by Voltage
7.1 220V-440V Alternators
7.1.1 Current and Historical Market Trends
7.1.2 Market Forecast
7.2 More than 440V Alternators
7.2.1 Current and Historical Market Trends
7.2.2 Market Forecast
7.3 Less than 220V Alternators
7.3.1 Current and Historical Market Trends
7.3.2 Market Forecast
8 Market Performance by Rated Power
8.1 <1kW
8.1.1 Current and Historical Market Trends
8.1.2 Market Forecast
8.2 1 kW-5 kW
8.2.1 Current and Historical Market Trends
8.2.2 Market Forecast
8.3 5 kW-50 kW
8.3.1 Current and Historical Market Trends
8.3.2 Market Forecast
8.4 <50KW-500 kW
8.4.1 Current and Historical Market Trends
8.4.2 Market Forecast
8.5 500KW-1500 kW
8.5.1 Current and Historical Market Trends
8.5.2 Market Forecast
8.6 1500KW-5000 kW
8.6.1 Current and Historical Market Trends
8.6.2 Market Forecast
8.7 >5000KW
8.7.1 Current and Historical Market Trends
8.7.2 Market Forecast
9 Market Performance by Application
9.1 Industrial Applications
9.1.1 Current and Historical Market Trends
9.1.2 Market Forecast
9.2 Automotive and Transportation
9.2.1 Current and Historical Market Trends
9.2.1 Market Forecast
9.3 Power Generation
9.3.1 Current and Historical Market Trends
9.3.1 Market Forecast
9.4 Standby Power
9.4.1 Current and Historical Market Trends
9.4.1 Market Forecast
9.5 Others
9.5.1 Current and Historical Market Trends
9.5.1 Market Forecast
10 Market Performance by Speed
10.1 Low Speed Alternators
10.1.1 Current and Historical Market Trends
10.1.2 Market Forecast
10.2 Medium Speed Alternators
10.2.1 Current and Historical Market Trends
10.2.1 Market Forecast
10.3 High Speed Alternators
10.3.1 Current and Historical Market Trends
10.3.1 Market Forecast
10.4 Ultra High-Speed Alternators
10.4.1 Current and Historical Market Trends
10.4.2 Market Forecast
11 Market Performance by Weight
11.1 Low Weight Alternators
11.1.1 Current and Historical Market Trends
11.1.2 Market Forecast
11.2 Medium Weight Alternators
11.2.1 Current and Historical Market Trends
11.2.2 Market Forecast
11.3 High Weight Alternators
11.3.1 Current and Historical Market Trends
11.3.2 Market Forecast
12 Market Performance by End-Use Sector
12.1 Industrial
12.1.1 Current and Historical Market Trends
12.1.2 Market Forecast
12.2 Commercial
12.2.1 Current and Historical Market Trends
12.2.2 Market Forecast
12.3 Residential
12.3.1 Current and Historical Market Trends
12.3.2 Market Forecast
13 Market Performance by Fuel Used
13.1 Fossil fuel
13.1.1 Current and Historical Market Trends
13.1.2 Market Forecast
13.2 Natural
13.2.1 Current and Historical Market Trends
13.2.2 Market Forecast
14 Market Performance by Region
14.1 Asia-Pacific
14.1.1 Current and Historical Market Trends
14.1.2 Market Forecast
14.2 Europe
14.2.1 Current and Historical Market Trends
14.2.2 Market Forecast
14.3 North America
14.3.1 Current and Historical Market Trends
14.3.2 Market Forecast
14.4 Middle East and Africa
14.4.1 Current and Historical Market Trends
14.4.2 Market Forecast
14.5 Latin America
14.5.1 Current and Historical Market Trends
14.5.2 Market Forecast
15 Competitive Landscape
15.1 Market Structure
15.2 Market Breakup by Key Players
16 Key Players Profiles
16.1 Cummins Generator Technologies Ltd. (Stamford-Avk)
16.1.1 Company Overview
16.1.2 Description
16.1.3 Product Portfolio
16.1.4 Financials
16.1.5 Key Contacts
16.2 Mecc Alte Alternators Pty. Ltd.
16.2.1 Company Overview
16.2.2 Description
16.2.3 Product Portfolio
16.2.4 Key Contacts
16.3 Leroy Somer Inc.
16.3.1 Company Overview
16.3.2 Description
16.3.3 Product Portfolio
16.3.4 Financials
16.3.5 Key Contacts
16.4 Valeo Service
16.4.1 Company Overview
16.4.2 Description
16.4.3 Financials
16.4.4 Key Contacts
16.5 Denso Corporation
16.5.1 Company Overview
16.5.2 Company Description
16.5.3 SWOT Analysis
16.5.4 Financials
16.5.5 Key Contacts
16.6 HHI
16.6.1 Company Overview
16.6.2 Description
16.6.3 Operations
16.6.4 Financials
16.6.5 Key Contacts
List of Figures
Figure 1: Global: Alternators Market: Major Drivers and Challenges
Figure 2: Global: Alternators Market: Sales Volume (in Million Units), 2010-2017
Figure 3: Global: Alternators Market: Sales Value (in US$ Billion) 2010-2017
Figure 4: Global: Alternators Market: Breakup by Type (in %), 2017
Figure 5: Global: Alternators Market: Breakup by Voltage (in %), 2017
Figure 6: Global: Alternators Market: Breakup by Rated Power (in %), 2017
Figure 7: Global: Alternators Market: Breakup by Applications (in %), 2017
Figure 8: Global: Alternators Market: Breakup by Speed (in %), 2017
Figure 9: Global: Alternators Market: Breakup by Weight (in %), 2017
Figure 10: Global: Alternators Market: Breakup by End-Use Sector (in %), 2017
Figure 11: Global: Alternators Market: Breakup by Fuel Used (in %), 2017
Figure 12: Global: Alternators Market: Breakup by Region (in %), 2017
Figure 13: Global: Alternators Market Forecast: Sales Volume (Million Units), 2018-2023
Figure 14: Global: Alternators Market Forecast: Sales Value (in US$ Billion), 2018-2023
Figure 15: Global: Electro-Magnet (Induction) Based Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 16: Global: Electro-Magnet (Induction) Based Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 17: Global: Permanent Magnet Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 18: Global: Permanent Magnet Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 19: Global: Others Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 20: Global: Others Alternators Market: Sales Volume (in ‘000 Units), 2018-2023
Figure 21: Global: 220V-440V Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 22: Global: 220V-440V Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 23: Global: More than 440V Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 24: Global: More than 440V Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 25: Global: Less than 220V Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 26: Global: Less than 220V Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 27: Global: <1kW Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 28: Global: <1kW Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 29: Global: 1kW-5kW Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 30: Global: 1kW-5kW Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 31: Global: 5kW-50kW Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 32: Global: 5kW-50kW Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 33: Global: <50kW-500kW Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 34: Global: <50kW-500kW Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 35: Global: 500kW-1500kW Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 36: Global: 500kW-1500kW Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 37: Global: 1500kW-5000kW Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 38: Global: 1500kW-5000kW Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 39: Global: >5000kW Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 40: Global: >5000kW Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 41: Global: Industrial Application Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 42: Global: Industrial Application Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 43: Global: Automotive and Transportation Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 44: Global: Automotive and Transportation Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 45: Global: Power Generation Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 46: Global: Power Generation Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 47: Global: Standby Power Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 48: Global: Standby Power Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 49: Global: Other Applications of Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 50: Global: Other Applications of Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 51: Global: Low Speed Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 52: Global: Low Speed Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 53: Global: Medium Speed Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 54: Global: Medium Speed Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 55: Global: High Speed Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 56: Global: High Speed Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 57: Global: Ultra High Speed Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 58: Global: Ultra High Speed Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 59: Global: Low Weight Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 60: Global: Low Weight Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 61: Global: Medium Weight Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 62: Global: Medium Weight Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 63: Global: High Weight Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 64: Global: High Weight Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 65: Global: Alternators Market (End-Use in Industrial Sector): Sales Volume (in ‘000 Units), 2010-2017
Figure 66: Global: Alternators Market Forecast (End-Use in Industrial Sector): Sales Volume (in ‘000 Units), 2018-2023
Figure 67: Global: Alternators Market (End-Use in Commercial Sector): Sales Volume (in ‘000 Units), 2010-2017
Figure 68: Global: Alternators Market Forecast (End-Use in Commercial Sector): Sales Volume (in ‘000 Units), 2018-2023
Figure 69: Global: Alternators Market (End-Use in Residential Sector): Sales Volume (in ‘000 Units), 2010-2017
Figure 70: Global: Alternators Market Forecast (End-Use in Residential Sector): Sales Volume (in ‘000 Units), 2018-2023
Figure 71: Global: Alternators Market (Fossil Fuel Based): Sales Volume (in ‘000 Units), 2010-2017
Figure 72: Global: Alternators Market Forecast (Fossil Fuel Based): Sales Volume (in ‘000 Units), 2018-2023
Figure 73: Global: Alternators Market (Natural Fuel Based): Sales Volume (in ‘000 Units), 2010-2017
Figure 74: Global: Alternators Market Forecast (Natural Fuel Based): Sales Volume (in ‘000 Units), 2018-2023
Figure 75: Asia-Pacific: Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 76: Asia-Pacific: Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 77: Europe: Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 78: Europe: Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 79: North America: Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 80: North America: Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 81: Middle East and Africa: Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 82: Middle East and Africa: Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 83: Latin America: Alternators Market: Sales Volume (in ‘000 Units), 2010-2017
Figure 84: Latin America: Alternators Market Forecast: Sales Volume (in ‘000 Units), 2018-2023
Figure 85: Global: Alternators Market: Breakup by Key Player (in Volume Sold %), 2017
Figure 86: Denso Corporation: SWOT Analysis
List of Tables
Table 1: Global Alternators Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Alternators Market: Sales Volume Forecast (in ‘000 units): Breakup by Type, 2018-2023
Table 3: Global: Alternators Market Forecast: Sales Volume (in ‘000 units): Breakup by Voltage, 2018-2023
Table 4: Global: Alternators Market Forecast: Sales Volume (in ‘000 units): Breakup by Rated Power, 2018-2023
Table 5: Global: Alternators Market Forecast: Sales Volume (in ‘000 units): Breakup by Application, 2018-2023
Table 6: Global: Alternators Market Forecast: Sales Volume (in ‘000 units): Breakup by Speed, 2018-2023
Table 7: Global: Alternators Market Forecast: Sales Volume (in ‘000 units): Breakup by Weight, 2018-2023
Table 8: Global: Alternators Market Forecast: Sales Volume (in ‘000 Units): Breakup by End-Use Sector, 2018-2023
Table 9: Global: Alternators Market Forecast: Sales Volume (in ‘000 Units): Breakup by Fuel Used, 2018-2023
Table 10: Global: Alternators Market Forecast: Sales Volume (in ‘000 Units): Breakup by Region, 2018-2023
Table 11: Global: Alternators Market: Competitive Landscape
Table 12: Cummins Generator Technologies Ltd.: Product Portfolio (Alternators Segment)
Table 13: Cummins Generator Technologies Inc.: Key Financials (in US$ Million), 2012 - 2016
Table 14: Cummins Generator Technologies Inc.: Key Contacts
Table 15: Mecc Alte Alternators Pty. Ltd.: Product Portfolio (Alternators Segment)
Table 16: Mecc Alte Alternators Pty. Ltd.: Key Contacts
Table 17: Leroy Somer Inc.: Product Portfolio (Alternators Segment)
Table 18: Leroy Somer (Moteurs Leroy Somer): Key Financials (in US$ Million), 2014 - 2016
Table 19: Leroy Somer Inc.: Key Contacts
Table 20: Valeo Service: Key Financials (in US$ Million), 2014 - 2016
Table 21: Valeo Service: Key Contacts
Table 22: Denso Corporation: Key Financials (in US$ Million), 2013 - 2017
Table 23: Denso Corporation: Key Contacts
Table 24: Hyundai Heavy Industries: Key Financials (in US$ Million), 2012 - 2016
Table 25: Hyundai Heavy Industries: Key Contacts