Global Alternators Market Research Report and Forecast 2024
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Report Description
Global Alternators Market Overview: As per the latest report by IMARC Group, titled “ Alternators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global alternators market size reached 6 Million Units in 2018. An alternator is a piece of machinery that works on the principle of electromagnetic induction. It works together with a battery and utilizes mechanical energy to produce electricity. It is made up of two parts, namely, a rotor that consists of field poles and a stator, which includes armature conductors. Alternators have found applications across several industries as they are employed for generating electricity in the commercial and residential sectors. They also form an integral part of the automotive industry as they are utilized in the charging system of vehicles and for powering the engine. Global Alternators Market Trends Rapid industrialization, global population growth and the escalating consumption of electricity are the key factors boosting the sales of alternators. Furthermore, modern-day automobiles are equipped with alternators to charge the battery and power the electrical system, unlike vintage automobiles, which employed DC dynamo generators with commutators.
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157.3 146.7 152.0 141.4 136.1 125.5 130.8
160 140 120 100 80 60 40 20 0
120.2 2011
2012
2013
2014
2015
2016
2017
2018
In Million US$
in Million US$
Report Description
180 160 140 120 100 80 60 40 20 0
160.0 2019
175.9
181.2
186.5
165.3
170.6
2020
2021
2022
2023
2024
Moreover, growing investments in the construction and telecommunication sectors, especially in the grid infrastructure, are also contributing to the growth of the market. On account of the aforementioned factors, the market is expected to reach a volume of more than 8 Million Units by 2024, growing at a CAGR of 3.3% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/alternator-market/requestsample
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Report Description
With an increase in the sales of luxury cars, the alternators market is anticipated to grow at a rapid pace in the coming years. Also, technological advancements in the market are providing an impetus to the market growth. For instance, the utilization of alternator regenerative control technology in the automotive industry improves engine fuel consumption. This is achieved by regenerating power when the vehicle is decelerating and lowering consumption at other times. Key Market Segmentation: Market Segmentation by Type • • •
Electro-Magnet (Induction) Alternators Permanent Magnet Alternators Others Alternators
On the basis of the type, the market has been divided into electro-magnet (induction), permanent magnet and other types of alternators. Amongst these, permanent magnet alternators represent the most preferred product type. For more information, click here: https://www.imarcgroup.com/alternator-market
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Report Description Market Segmentation by Voltage • • •
220V-440V Alternators More than 440V Alternators Less than 220V Alternators
Based on the voltage, 220V-440V alternators account for the majority of the market share, followed by >440V and <220V alternators. Market Segmentation by Rated Power • • • • • • •
<1kW 1 kW-5 kW 5 kW-50 kW <50KW-500 kW 500KW-1500 kW 1500KW-5000 kW >5000KW
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Report Description
On the basis of the rated power, the market has been categorized into alternators with a power rating of < 1kW, 1kW-5kW, 5kW- 50 kW, <50 kW-500 kW, 500 kW-1500 kW, 1500kW-5000kW and > 5000 kW. Currently, alternators with a power rating of 1500 kW-5000 kW represent the leading segment. Market Segmentation by Application • • • • •
Industrial Applications Automotive and Transportation Power Generation Standby Power Others
The market has been classified on the basis of the application into industrial, automotive and transportation, power generation, standby power, and other types of applications. At present, industrial applications account for the majority of the total market share. Market Segmentation by Speed
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Report Description • • • •
Low Speed Alternators Medium Speed Alternators High Speed Alternators Ultra High-Speed Alternators
Based on the speed, the market has been segregated into low, medium, high and ultra-high-speed alternators. Among these, high speed alternators exhibit a clear dominance in the market. Market Segmentation by Weight • • •
Low Weight Alternators Medium Weight Alternators High Weight Alternators
On the basis of the weight, low weight alternators dominate the market. The other segments include medium and high weight alternators. Market Segmentation by End-Use Sector
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Report Description • • •
Industrial Commercial Residential
The market has also been divided on the basis of the end use sectors into industrial, commercial and residential. Presently, the industrial sector represents the biggest segment in the market. Market Segmentation by Fuel Used • •
Fossil fuel Natural
Based on the fuel used, the market is bifurcated into fossil and natural fuels, wherein fossil fuels represent the largest segment. Market Segmentation by Region •
Asia-Pacific
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Report Description • • • •
Europe North America Middle East and Africa Latin America
On a geographical front, Asia Pacific holds the leading position in the market. Other regions include Europe, North America, Middle East and Africa, and Latin America. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • • •
Cummins Generator Technologies Ltd. (Stamford-Avk) Mecc Alte Alternators Pty. Ltd. Leroy Somer Inc. Valeo Service Denso Corporation HHI
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