Alternator Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: ESR 52574 Report Format: PDF + Excel

Alternator Market Overview

Alternator Market Size is forecast to reach $18.5 billion by 2026, at a CAGR of 4.28% during 2021-2026. In the power sector and industrial sector, there is a requirement of devices for energy conversion where the alternators comes into the picture as it converts mechanical energy into electrical energy. In these sectors there is a huge requirement of steam turbines driven alternators to extract thermal energy from pressurized steam and uses it to do mechanical work on a rotating output shaft. The demand for alternators have witnessed a positive growth in the market increasing consumption of alternating current in different sectors, such as automotive, gas, industrial manufacturing and others. Growing investment in grid infrastructure in the developing regions has driven the demand for prime movers to provide electricity for the traction motors (AC or DC) used in power generation. In addition, the adoption of offshore wind energy with advance technology has driven the growth of induction generators as it produces a three phase voltage output. Growing applications of alternators in various industrial verticals such as electric generators, automotive, marine, gas and oil industries, power plants and others has increased the degree of competition in the global alternator market.

Alternator Market Report Coverage

The report: “Alternator Market Industry Outlook– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Alternator Market

By Type: Permanent Magnet Alternators, Synchronous Alternators, Electro-Magnet Induction Alternators
By Voltage: <220V, 220-440V, >440V
By Rated Power: <1, 1Kw-5Kw, 5Kw-50Kw, 50-500Kw, 500-1500Kw, 1500-5000Kw, >5000Kw
By Speed: Low, Medium, High, Ultra –High
By Fuel Type: Fossil Fuels, Natural Fuels
By Engine Type: Gas Engine, Diesel Engine
By Turbine Type: Gas Turbine, Stem Turbine
By End Users: Oil and Gas, Industrial, Residential and Commercial, Prime Power, Data Centers, Others
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, Australia and Others), and RoW (Middle East and Africa, South America)

Key Takeaways

  • Surge in the Industrialization along with the growth of automotive sector owing to the rising disposable income has increased the adoption of alternators as they produce alternating current supply and converts mechanical energy into electrical energy.
  • Major fuels used in the global alternator market are fossil fuels and natural among which fossil fuel segment is expected to witness a highest CAGR of 5.01% the forecast period, owing to major use of diesel, gas, coal and others for the propulsion of the alternators.
  • APAC is witnessing a major growth in the market owing to the surge in automotive industry and Power sector where the alternators are used to generate the power which are further distributed by the electric power grids.

Global Alternator Market, By Region, 2020

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Alternator Market Segment Analysis - By Type

The Synchronous alternator segment is growing at a significant market value of 28.16% in 2020 as it is highly used in industrial applications.  Generator is to generate commercial frequency current frequently by converting the mechanical energy from the main mover to an AC electrical energy at a specific frequency & voltage. Rapid growth of industrialization has surged the demand for power which is highly augmenting the need for synchronous alternator as it provides power to a grid ranging from 100 kilowatts to several megawatts. The growing energy consumption indicates an increase of industrial growth which in turn has growing need for highly efficient, robust and reliable wind turbines. In addition, the need for synchronous alternators are rising as the extremely harsh environments of the offshore wind farms lead to increased risk of pressure pulsation peaks and vibrations.

Alternator Market Segment Analysis - By End Users

Industrial sector is expected to witness a highest CAGR of 5.11% during the forecast period, owing to the presence of a vast Energy sector globally where the Oil and Gas is a major alternators used in providing reliable power to critical downhole drilling tools and also used as constant source of power replacing batteries. According to the organization of the petroleum exporting countries (OPEC), Kuwait Petroleum Corporation (KPC), increased crude oil production capacity to 4 mb/d in 2020. Here the additional production capacity comes from technically challenging sour and heavy fields. Kuwait has accordingly awarded enhanced technical service agreements with international firms for development of heavy oil. This impacted the growth of steam turbines in power production along with induction generators and prime movers. In addition, The Clean Fuels Project (CFP), started in 2019, transformed Kuwait’s two refineries into a single integrated merchant-refining complex. As part of this integration project, Mina al-Ahmadi refinery shed 120,000 b/d and the Mina al-Abdulla refinery added 184,000 b/d resulting in a net gain of 64,000 b/d with a total of 800,000 b/d refining capacity at the new integrated complex in 2019. All these boosted the growth of the Alternator Market.

Alternator Market Segment Analysis - By Geography

Alternator Market in Asia-Pacific region held significant market share of 30.10% in 2020. The growth in APAC is chiefly driven by extensive industrial and urbanization activities in countries such as Japan, India, and China accompanied with the rising disposable incomes and prevalence of a luxurious lifestyle have led to a surge in the sales of vehicles over the years. In addition, rising industrialization along with growth in cogeneration offer new opportunities, thereby creating an attractive market for the alternators. Indian government announced in 2019 that it planned to invest $35 billion for reforming the utility sector. The investment focused on infrastructure and technology upgrades of the ailing utilities to make them more efficient and reduce financial losses. In addition, South Korea based Hyundai Motor Group announced in 2019 to invest $34.65 billion in mobility technology and strategic investments by 2025. Additionally it received funds from South Korean government worth 1.7 trillion won to boost autonomous vehicle technology. Investments such as these will open new prospects for alternators in automotive applications.

Alternator Market Drivers

Growth of alternators in Marine applications:

Increasing government support for navy defense, combined with the robust growth of progressive shipping lines, is expected to boost the use of alternator market trends. The United States government is aggressively investing in upgrading its current naval shipyards and fleet repair and maintenance where the alternators are used in different solutions including the diesel electric propulsion, shaft generator, emergency or harbour applications, thus widening the market landscape. In Germany, inland and ocean shipping lanes are vital transport routes for raw materials entering the country as well as commercial goods exported to Europe and elsewhere. About 95 percent of intercontinental and 62 percent of inter-European commercial transport is done by sea, which helps to alleviate traffic congestion on the roads. Commercial shipping and port operations are critical growth industries for the German economy. The German shipbuilding industry ranks first in Europe and third in the world. German shipyards are experts in the construction of high-tech container vessels and passenger ships. Their designs are spreading across the world and influencing market needs on a global scale, as they have done with container vessels. This is expected to boost the market growth for alternators.

Growth of the automotive industry:

Initiatives from the government for self-sufficiency are attracting the automotive industry growth in developing countries such as India, China and others which in turn has spurred the alternator market as it is used to charge the battery and to power the electrical system in automobiles. Automobile industry is the major contributor of India’s manufacturing GDP in which automotive industry is the largest one. India is the 7th largest producer of automobiles and it is estimated to become the 3rd largest automobile market in the world by 2024. Italy had witnessed about $2.13 M of vehicle sales and registrations as per OICA during 2019. Moreover, According to OICA statistics, Spain has produced about 2,822,355 total vehicles in 2019.

Alternator Market Challenges:

Slowdown of Alternators challenges:

Alternators are used to power the different electrical systems in the cars and keep the battery charged. Alternators eventually slows down and begins to fail and causes variety of different electrical problems and causes breakdown in the cars. This certain slowdown and breakdown problems in the alternators are analyzed to restrain the growth of the market in the forecast period 2020-2026.

Alternator Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Alternator Market. Alternator Market top 10 companies include Cummins Generator Technologies, Mecc Alte Alternators Pty. Ltd., Leroy Somer, Inc., Valeo Service, Denso Corporation, Weg SA, Mitshubishi Electric Corporation, Hitachi Automotive Systems, Ltd., HHI, Bosch Group among others.

Acquisitions/Product Launches

  • In 2020, Leroy Somer, Inc. announced alternator named “TAL 0473” which features a SHUNT excitation system and an R150 regulator as standard delivering a nominal power between 400 and 660 kVA at 50 Hz.
  • In 2019, Mecc Alte Alternators Pty. Ltd. Launched new X-type series of alternators which features specialist technologies to create a superior range designed and tested to meet the all the industrial challenges.

Relevant Report Titles:

Switchgear Market:  
Report Code; EPR 0016

United States LV & MV Switchgear Market:
Report Code: ESR 0354

For more Electronics Market reports, please click here

1. Alternator Market- Market Overview
    1.1 Definitions and Scope
2. Alternator Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by end user
    2.3 Key trends segmented by geography
3. Alternator Market–Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product Benchmarking
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 10 companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Alternator Market– Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Framework Overview
    4.2 New Business and Ease of Doing business index
    4.3 Case studies of successful ventures
    4.4 Customer Analysis – Top 10 companies
5. Alternator Market – Startup Company Scenario (Premium)
    5.1 Investment Analysis
    5.2 Venture Capital Funding Scenario
6. Alternator Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Alternator Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle
    7.4 Suppliers and Distributors
8. Alternator Market- By Type
    8.1 Permanent Magnet Alternators
    8.2 Synchronous Alternators
    8.3 Electromagnet Induction Alternators
9. Alternator Market- By Voltage
    9.1 <220 V
    9.2 220-440 V
    9.3 >440 V
10. Alternator Market- By Rated Power
    10.1 <1 Kw
    10.2 1-5 Kw
    10.3 5-50 Kw
    10.4 50-500 Kw
    10.5 500-1500 Kw
    10.6 1500-5000 Kw
    10.7 >5000 Kw
    10.8 Others
11. Alternator Market- By Speed
    11.1 Low
    11.2 Medium
    11.3 High
    11.4 Ultra High
12. Alternator Market- Fuel Type
    12.1 Fossil Fuels
    12.2 Natural Fuels
13. Alternator Market- By Engine Type
    13.1 Gas Engine
    13.2 Diesel Engine
14. Alternator Market – Turbine Type
    14.1 Gas Turbine
    14.2 Steam Turbine
15. Alternator Market- By End Use
    15.1 Oil & Gas
    15.2 Industrial
    15.3 Residential & Commercial
    15.4 Prime Power
    15.5 Data Centers
    15.6 Others
16. Alternator Market - By Geography (Market Size -$Million/Billion)
    16.1 North America
        16.1.1 U.S
        16.1.2 Canada
        16.1.3 Mexico
    16.2 South America
        16.2.1 Brazil
        16.2.2 Argentina
        16.2.3 Others
    16.3 Europe
        16.3.1 U.K
        16.3.2 Germany
        16.3.3 Italy
        16.3.4 France
        16.3.5 Spain
        16.3.6 Netherlands
        16.3.7 Others
    16.4 APAC
        16.4.1 China
        16.4.2 Japan
        16.4.3 South Korea
        16.4.4 India
        16.4.5 Australia & New Zealand
        16.4.6 Others
    16.5 RoW
        16.5.1 Middle East
        16.5.2 Africa
17. Alternator Market- Entropy
18. Alternator Market- Industry Competition Landscape (Premium)
    18.1 Global Market Share
    18.2 Market Share by Region
    18.3 Market Share by Application
    18.4 Market Share by Device Type
    18.5 Market Share by End User
19. Alternator Market- Key Company List by Country Premium (Premium)
20. Alternator Market Company Analysis
    20.1 Market Share, Company Revenue, Products, M&A, Developments
    20.2 Signal Sciences Corporations
    20.3 Cummins Generator Technologies
    20.4 Mecc Alte Alternators Pty. Ltd.
    20.5 Leroy Somer, Inc.
    20.6 Valeo Service
    20.7 Denso Corporation
    20.8 Weg SA
    20.9 Mitshubishi Electric Corporation
    20.10 Hitachi Automotive Systems, Inc.
    20.11 Bosch Group and more
"*Financials would be provided on a best efforts basis for private companies" 

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 By Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Gas Engine Market 2019-2024 ($M)
1.1.2 Diesel Engine Market 2019-2024 ($M)
1.1.3 Gas Turbine Market 2019-2024 ($M)
1.1.4 Steam Turbine Market 2019-2024 ($M)
1.2 By Power Range Market 2019-2024 ($M) - Global Industry Research
1.2.1 1 MW5 MW Market 2019-2024 ($M)
1.2.2 5 MW20 MW Market 2019-2024 ($M)
1.2.3 20 MW40 MW Market 2019-2024 ($M)
1.2.4 300kW1 MW Market 2019-2024 ($M)
1.2.5 60kW300kW Market 2019-2024 ($M)
1.2.6 1kW60kW Market 2019-2024 ($M)
1.3 By Application Market 2019-2024 ($M) - Global Industry Research
1.3.1 Oil Gas Market 2019-2024 ($M)
1.3.2 Prime Power Market 2019-2024 ($M)
1.3.3 Data Centres Market 2019-2024 ($M)
1.3.4 Residential Market 2019-2024 ($M)
1.3.5 Industrial and Commercial Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Gas Engine Market 2019-2024 (Volume/Units)
3.1.2 Diesel Engine Market 2019-2024 (Volume/Units)
3.1.3 Gas Turbine Market 2019-2024 (Volume/Units)
3.1.4 Steam Turbine Market 2019-2024 (Volume/Units)
3.2 By Power Range Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 1 MW5 MW Market 2019-2024 (Volume/Units)
3.2.2 5 MW20 MW Market 2019-2024 (Volume/Units)
3.2.3 20 MW40 MW Market 2019-2024 (Volume/Units)
3.2.4 300kW1 MW Market 2019-2024 (Volume/Units)
3.2.5 60kW300kW Market 2019-2024 (Volume/Units)
3.2.6 1kW60kW Market 2019-2024 (Volume/Units)
3.3 By Application Market 2019-2024 (Volume/Units) - Global Industry Research
3.3.1 Oil Gas Market 2019-2024 (Volume/Units)
3.3.2 Prime Power Market 2019-2024 (Volume/Units)
3.3.3 Data Centres Market 2019-2024 (Volume/Units)
3.3.4 Residential Market 2019-2024 (Volume/Units)
3.3.5 Industrial and Commercial Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Gas Engine Market 2019-2024 ($M)
5.1.2 Diesel Engine Market 2019-2024 ($M)
5.1.3 Gas Turbine Market 2019-2024 ($M)
5.1.4 Steam Turbine Market 2019-2024 ($M)
5.2 By Power Range Market 2019-2024 ($M) - Regional Industry Research
5.2.1 1 MW5 MW Market 2019-2024 ($M)
5.2.2 5 MW20 MW Market 2019-2024 ($M)
5.2.3 20 MW40 MW Market 2019-2024 ($M)
5.2.4 300kW1 MW Market 2019-2024 ($M)
5.2.5 60kW300kW Market 2019-2024 ($M)
5.2.6 1kW60kW Market 2019-2024 ($M)
5.3 By Application Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Oil Gas Market 2019-2024 ($M)
5.3.2 Prime Power Market 2019-2024 ($M)
5.3.3 Data Centres Market 2019-2024 ($M)
5.3.4 Residential Market 2019-2024 ($M)
5.3.5 Industrial and Commercial Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Gas Engine Market 2019-2024 ($M)
7.1.2 Diesel Engine Market 2019-2024 ($M)
7.1.3 Gas Turbine Market 2019-2024 ($M)
7.1.4 Steam Turbine Market 2019-2024 ($M)
7.2 By Power Range Market 2019-2024 ($M) - Regional Industry Research
7.2.1 1 MW5 MW Market 2019-2024 ($M)
7.2.2 5 MW20 MW Market 2019-2024 ($M)
7.2.3 20 MW40 MW Market 2019-2024 ($M)
7.2.4 300kW1 MW Market 2019-2024 ($M)
7.2.5 60kW300kW Market 2019-2024 ($M)
7.2.6 1kW60kW Market 2019-2024 ($M)
7.3 By Application Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Oil Gas Market 2019-2024 ($M)
7.3.2 Prime Power Market 2019-2024 ($M)
7.3.3 Data Centres Market 2019-2024 ($M)
7.3.4 Residential Market 2019-2024 ($M)
7.3.5 Industrial and Commercial Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Gas Engine Market 2019-2024 ($M)
9.1.2 Diesel Engine Market 2019-2024 ($M)
9.1.3 Gas Turbine Market 2019-2024 ($M)
9.1.4 Steam Turbine Market 2019-2024 ($M)
9.2 By Power Range Market 2019-2024 ($M) - Regional Industry Research
9.2.1 1 MW5 MW Market 2019-2024 ($M)
9.2.2 5 MW20 MW Market 2019-2024 ($M)
9.2.3 20 MW40 MW Market 2019-2024 ($M)
9.2.4 300kW1 MW Market 2019-2024 ($M)
9.2.5 60kW300kW Market 2019-2024 ($M)
9.2.6 1kW60kW Market 2019-2024 ($M)
9.3 By Application Market 2019-2024 ($M) - Regional Industry Research
9.3.1 Oil Gas Market 2019-2024 ($M)
9.3.2 Prime Power Market 2019-2024 ($M)
9.3.3 Data Centres Market 2019-2024 ($M)
9.3.4 Residential Market 2019-2024 ($M)
9.3.5 Industrial and Commercial Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Gas Engine Market 2019-2024 ($M)
11.1.2 Diesel Engine Market 2019-2024 ($M)
11.1.3 Gas Turbine Market 2019-2024 ($M)
11.1.4 Steam Turbine Market 2019-2024 ($M)
11.2 By Power Range Market 2019-2024 ($M) - Regional Industry Research
11.2.1 1 MW5 MW Market 2019-2024 ($M)
11.2.2 5 MW20 MW Market 2019-2024 ($M)
11.2.3 20 MW40 MW Market 2019-2024 ($M)
11.2.4 300kW1 MW Market 2019-2024 ($M)
11.2.5 60kW300kW Market 2019-2024 ($M)
11.2.6 1kW60kW Market 2019-2024 ($M)
11.3 By Application Market 2019-2024 ($M) - Regional Industry Research
11.3.1 Oil Gas Market 2019-2024 ($M)
11.3.2 Prime Power Market 2019-2024 ($M)
11.3.3 Data Centres Market 2019-2024 ($M)
11.3.4 Residential Market 2019-2024 ($M)
11.3.5 Industrial and Commercial Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Gas Engine Market 2019-2024 ($M)
13.1.2 Diesel Engine Market 2019-2024 ($M)
13.1.3 Gas Turbine Market 2019-2024 ($M)
13.1.4 Steam Turbine Market 2019-2024 ($M)
13.2 By Power Range Market 2019-2024 ($M) - Regional Industry Research
13.2.1 1 MW5 MW Market 2019-2024 ($M)
13.2.2 5 MW20 MW Market 2019-2024 ($M)
13.2.3 20 MW40 MW Market 2019-2024 ($M)
13.2.4 300kW1 MW Market 2019-2024 ($M)
13.2.5 60kW300kW Market 2019-2024 ($M)
13.2.6 1kW60kW Market 2019-2024 ($M)
13.3 By Application Market 2019-2024 ($M) - Regional Industry Research
13.3.1 Oil Gas Market 2019-2024 ($M)
13.3.2 Prime Power Market 2019-2024 ($M)
13.3.3 Data Centres Market 2019-2024 ($M)
13.3.4 Residential Market 2019-2024 ($M)
13.3.5 Industrial and Commercial Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)

LIST OF FIGURES

1.US Alternator Market Revenue, 2019-2024 ($M)
2.Canada Alternator Market Revenue, 2019-2024 ($M)
3.Mexico Alternator Market Revenue, 2019-2024 ($M)
4.Brazil Alternator Market Revenue, 2019-2024 ($M)
5.Argentina Alternator Market Revenue, 2019-2024 ($M)
6.Peru Alternator Market Revenue, 2019-2024 ($M)
7.Colombia Alternator Market Revenue, 2019-2024 ($M)
8.Chile Alternator Market Revenue, 2019-2024 ($M)
9.Rest of South America Alternator Market Revenue, 2019-2024 ($M)
10.UK Alternator Market Revenue, 2019-2024 ($M)
11.Germany Alternator Market Revenue, 2019-2024 ($M)
12.France Alternator Market Revenue, 2019-2024 ($M)
13.Italy Alternator Market Revenue, 2019-2024 ($M)
14.Spain Alternator Market Revenue, 2019-2024 ($M)
15.Rest of Europe Alternator Market Revenue, 2019-2024 ($M)
16.China Alternator Market Revenue, 2019-2024 ($M)
17.India Alternator Market Revenue, 2019-2024 ($M)
18.Japan Alternator Market Revenue, 2019-2024 ($M)
19.South Korea Alternator Market Revenue, 2019-2024 ($M)
20.South Africa Alternator Market Revenue, 2019-2024 ($M)
21.North America Alternator By Application
22.South America Alternator By Application
23.Europe Alternator By Application
24.APAC Alternator By Application
25.MENA Alternator By Application