Alternators Market, By Type (Gas Engine, Diesel Engine, Steam turbine and Gas Turbine), Power Range

Published Date: April 2020 | Report Code : AT2067157

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Alternators Market, By Type (Gas Engine, Diesel Engine, Steam turbine and Gas Turbine), Power Range (1MW–5MW, 300kW–1MW, 60kW–300kW, 1kW–60kW, 5MW–20MW, and 20MW–40MW), Application (Industrial and Commercial, Oil & Gas, Data Centers, Residential, Prime Power, Other Applications), And By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2028

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Domain : Automotive

Report Code : AT2067157

Status : Published April 2020

The Global Alternators Market size was valued at USD 31.11 billion in 2019 and is anticipated to grow at a CAGR of 5.69% during the forecast period. Alternators are generators used for conversion of mechanical energy or direct current (DC) to alternating current (AC).

Alternators are rapidly replacing DC generators with improved efficiency in most of the application industries like industrial & commercial, automotive, marine, oil & gas industries, and power plants among others.

Key Factors Impacting the Growth of Alternators Market:

  • Raising demand for vehicle electrification
  • High demand for power, from both conventional and non-conventional sources
  • Application of stand-by power equipment for telecommunication towers
  • Growing consumption of alternating current

The alternators market segmentation is based on type, power range, application, and region.

Type Outlook:

Based on type, the global alternators market is separated into gas engine, diesel engine, steam turbine and gas turbine. The gas engine segment with increasing intensity of search for oil often leads to extreme conditions, either on the sea or on land is expected to dominate the global alternators market by type through the forecast period.

Power Range Outlook:

Based on power range, the global alternators market is divided into 1MW–5MW, 300kW–1MW, 60kW–300kW, 1kW–60kW, 5MW–20MW, and 20MW–40MW. The 5MW–20MW segment is expected lead market growth owing to higher demand for such alternators from multiple end use industries.

Applications Outlook:

Based on application, the alternators market has been segmented into industrial and commercial, oil & gas, data centers, residential, prime power, other applications. The oil & gas application sector with raising need for search in extreme conditions, either on the sea or on land as alternators are being widely used in floating rigs to support vessels providing prime power, drilling operation, and platform propulsion is expected to lead the market growth during the forecast period.

Regional Outlook:

Based on the region, the global Alternators market has been segmented by North America, Europe, Asia Pacific, Middle East & Africa, South America. Europe with strict fuel emission and fuel economy norm driving the involvement of electrical and electronics components on large scale in an automobile and manufacturing sector is currently leading the market share in terms of value.

Asia Pacific region is expected to register highest annual growth rate during the forecast period. The increasing demand for alternators from power generation, cogeneration, and industrial sectors in countries like India, China and Japan, with economic growth and urbanization are the factors excepted to drive the demand for the alternators during the forecast period. Furthermore, the recent growth of the manufacturing sector in ASEAN countries and government initiatives like China is currently working on the New-Type Urbanization Plan', focusing primarily on new-type, smart, and humanities city construction from 2014 – 2020 is estimated to fuel the market growth.

The report analyzes factors affecting the Alternators market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the Alternators market for all six regions namely; North America, Europe, Asia Pacific, Middle East & Africa, South America.

Competitive Landscape:

Major companies are investing in research and development. Key market players are also adopting inorganic development strategies like as acquisition of local brands. Similarly, other business models such as new product development and expansion, joint venture and market entry strategies are helping prominent vendors to make their presence felt in the Alternators market and increase their product portfolio. The key leading players in the market include Valeo Group, Denso Corporation, The Bosch Group, Mitsuba Corporation (Japan), Mitsubishi Electric Corporation, Lucas Electrical, Ltd., Controlled Power Technologies, Ltd. Hella KGaA Hueck & Co., ASIMCO Technologies Ltd., Hitachi Automotive Systems, Ltd., Cummins, Inc., Emerson, Electric, Co. and among others.

This report also includes the profiles of key Alternators market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Alternators Market:

  • In 2019 - Nidec Leroy-Somer, France based electric motors manufacturer expanded LSA 44.3 and TAL 044 product lines, reaching 200 kVA in power with enhanced performance. This expansion includes the LSA 44.3 VL13 and VL14 alternators benefit from 93.4% and 93% efficiency at 0.8 PF respectively, representing a significant advancement over the LSA 46.3 S2 (91.9%) and S3 (92.5%). Applications of LSA 44.3 and TAL 044 product includes all types of power generation to provide high performance, delivering new opportunities for generator sets manufacturers.
  • In 2018 – ABB, Swiss company operating in the field of operating mainly in robotics, power, heavy electrical equipment, and automation technology acquired GE Industrial Solutions (GEIS), the electrification solutions business of general Electric Company. GEIS will be combined into ABB’s Electrification Products division.

What Does This Report Provide?

This report provides a detailed understanding of the global alternators market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

 Market Segmentation:

By Type:

  • Gas Engine
  • Diesel Engine
  • Gas Turbine
  • Steam Turbine

 By Power Range:

  • 1MW–5MW
  • 5MW–20MW
  • 20MW–40MW
  • 300kW–1MW
  • 60kW–300kW
  • 1kW–60kW

By Applications:

  • Oil & Gas
  • Prime Power
  • Data Centers
  • Residential
  • Industrial and Commercial
  • Other Applications

By Region:

  • North America Alternators Market
    • By Country (US, Canada, Mexico)
    • By Type
    • By Power Range
    • By Applications
  • Europe Alternators Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Type
    • By Power Range
    • By Applications
  • Asia Pacific Alternators Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Power Range
    • By Applications
  • Middle East & Africa Alternators Market
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East & Africa)
    • By Type
    • By Power Range
    • By Applications
  • South America Alternators Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Type
    • By Power Range
    • By Applications

 Reasons to Buy This Report:

  • Market size estimation of the alternators market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

 Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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