Report Code: A09824 | Pages: NA | Mar 2023 | 2096 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Alternators Market
Request Now !The global alternators market is experiencing a significant growth, and is expected to grow considerably in next few years. Alternators are generators/devices that convert mechanical energy to electrical energy as it uses Faraday’s law of electromagnetic induction in which current is induced in a conductor when there is relative motion and the conductor is surrounded by magnetic field. Alternators majorly use rotating magnetic fields with stationery armature. If a particular alternator uses permanent magnet for its magnetic field, then it is called a magneto. Hence, alternators find its applications in marine, automotive, oil & gas, power plants and such other sectors. Innovations in these industrial applications paves way for the alternators market.
The global alternators market is segmented on the basis of voltage range, rotor type, end users and region. Based on voltage range, the market is divided into low voltage (0v – 1,000v), medium voltage (1,000v – 4,160v), and high voltage (4,161v – 15,000v). In terms of rotor type, the market is categorized into salient pole, smooth cylindrical, and others. On the basis of end users the market is divided into mining, marine, power plant, oil & gas, stand-by-power, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global alternators industry include Denso Corporation, Hitachi Automotive, Robert Bosch GmbH, Valeo S.A, Lucas Electrical, Motor Corporation of America, Mitsubishi Corporation, Control power Technology, Hella KgaA Heuck & Co., Mitsuba Corporation, and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global alternators market.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2019–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Units | Value (USD) |
Segments Covered | Voltage Range, Rotor type, End Users, and Region |
Regions Covered | North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
Companies Covered | Denso Corporation, Hitachi Automotive, Robert Bosch GmbH, Valeo S.A, Lucas Electrical, Motor Corporation of America, Mitsubishi Corporation, Control power Technology, Hella KgaA Heuck & Co., Mitsuba Corporation, and Others |
COVID-19 Scenario Analysis
As the consumption of alternating current in different sectors is on the rise, the demand for alternators is also increasing. Major drivers for growth of alternators include rise in investment in grid infrastructure for enhancing power, increase in demand for turbines and engines due to rise in investments in construction industry, and growth in demand for power from both conventional and non-conventional sources.
Expansion of the LSA 44.3 and TAL 044 product lines was announced by Leroy-Somer in 2019. This alternator reached 200 kVA in power with improved performance. The new LSA 44.3 VL13 and VL14 provide efficiency of 93.4% and 93% at 0.8 PF respectively which is higher than the previous version LSA 46.3 S2 and S3 with efficiency 91.9% and 92.5% respectively.
As these alternator series is suitable for all types of power generation applications and provide high performance, hence these provide new opportunities in the market for manufacturers.
Alternators required for oil & gas projects are in the 500kW to 25MW range. Alternators are generally used in drilling rigs, drilling operations, providing power & platform propulsion in offshore applications. Alternators performance can be affected by searching or extracting oil in extreme conditions. Hence, alternators related to specific oil & gas industries have been designed. Thus, leading to surge in demand for alternators in this sector. Moreover, owing to growth of the automotive sector in developing countries, alternators demand for this sector will gradually increase, thereby leading to the market growth.
Key Segments Covered
Segments | Sub-Segments |
Voltage Range |
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Rotor Type |
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End users |
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Key Benefits of the Report
Questions Answered in the Alternators Market Research Report
Alternators Market Report Highlights
Aspects | Details |
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By Type |
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By Power Output |
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By Technology |
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By Region |
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Key Market Players | Robert Bosch GmbH, Denso Corporation, Hitachi Automotive Systems, Ltd., Mitsuba Corporation, Valeo SA, Hella KGAA Hueck & Co., Lucas Electrical, Motorcar Parts of America, Controlled Power Technologies Ltd., Asimco Technologies |
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