Global Alternator Market, Forecast to 2020

Accelerating Demand from Emerging Markets and Distributed Energy Propels Growth

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Power demand-supply gap, growing industrialisation in the emerging markets of Asia-Pacific, and investments in distributed energy will drive market for alternators both in volume as well as revenue. The global alternator market revenue increased by 1.7% in 2015 compared to the previous year. Market revenue is estimated to reach $5.19 billion in 2020 with a compound annual growth rate (CAGR) of 5.1%.

The study aims to analyse and forecast the global alternator market to 2020.

Research Scope:
This study includes an in-depth analysis of the alternator market with a specific focus on regions, power ranges, applications, and prime mover. This research provides the description and analysis of the global alternator market at the top-level, as well as the regional market level.

Regional Trends (Europe, North America, LATAM, Asia-Pacific, and Middle East and Africa):
Alternators are available for various power generation applications and can use different prime movers. They can vary in sizes ranging from a few kilowatts (kW) to more than 10 megawatt (MW) depending on the type of applications. For the purpose of this study, we have considered all units that are available for generating power across different applications; these include prime power, standby, and peak-shaving.

The alternator market is extremely fragmented. As it is practically impossible to segregate the market of brand/private labels and calculate the actual market share from an OEM perspective, shares have been calculated based on value of revenues generated across the industry.

Almost 100% of the alternators sold by the top 3 global companies are actually sourced from smaller manufacturers and branded. The industry market shares also vary widely by capacity, production, shipments, and actual consumption. Market measurements are analysed for the year of 2015, 2016, and 2020. Global alternator market snapshot, market penetration by segments, and Year-on-Year growth rate by regions are also provided. Strategies, growth analysis, competitive landscape, and future focus are discussed for key market players – Leroy Somer, Cummins, ABB, Mecc Alte, HHI, Marathon etc.

Key Questions This Study Will Answer:
Is the global alternator market growing, how long will it continue to grow, and at what rate?
Are the existing competitors structured correctly to meet customer needs?
Will these companies, power ranges, and applications continue to exist?
What are the key drivers and restraints affecting the alternator market?
Are the technology offered today meeting customer needs or is additional development needed?
How are the growth trends for alternator different in developed and developing markets?

Table of Contents

1. Executive Summary
Key Findings
Market Engineering Measurements
CEO’s Perspective
Associated Multimedia and Related Research
2. Market Overview
Market Definitions
Market Segmentation by Region
Middle East and Africa
North America
Latin America
Europe
Asia-Pacific
Distribution Channels
3. Drivers and Restraints—Alternator Market
Drivers and Restraints
Market Drivers
Increasing demand-supply gap and need for prime and back-up power promotes the market
Rising demand for engines and turbines will drive demand for alternators
Investment in grid infrastructure across emerging markets drive demand
Rising industrialisation and growth in cogeneration create new opportunities
Energy independence and rise of distributed energy promote the alternator market
Market Restraints
Slowdown and instability in the global economy impede development
Uncertain return on investment still discourages significant capital investments in the market
Preference towards building large thermal power plants limits growth of distributed technologies
Threat of competition from renewable technologies reduces gensets adoption and reduces growth potential of alternators
4. Forecasts and Trends—Alternator Market
Market Engineering Measurements
Revenue Forecast
Units Forecast
Pricing Analysis
Regional Life Cycle Assessment
Technology Trends
Revenue Forecast by Region
Units Forecast by Region
Revenue Forecast by Prime Movers
Revenue Forecast by Power Ranges
Per Cent Revenue Forecast by Power Ranges
Revenue Forecast by Applications
5. Market Share and Competitive Analysis—Alternator Market
Competitive Analysis—Market Share
Leroy Somer
Cummins
ABB
Mecc Alte
HHI
Marathon
Siemens
Marelli
GE Converteam
Generac
Others
Market Share Analysis
Competitive Environment
Top Competitors
Strategic Analysis—Competitive Forces
6. Growth Opportunities and Companies to Action
Growth Opportunity 1—Vertical Integration
Growth Opportunity 2—Investment/M&A
Growth Opportunity 3—Geographic Expansion
Strategic Imperatives for Alternator Manufacturers
7. CEO’s 360 Degree Perspective on the Alternator Market
CEO’s 360 Degree Perspective
8. North America Analysis
North America—Strategic Insights
Market Drivers
Need for reduction for greenhouse gases by the EPA adds momentum to energy-efficient gensets
Fall in gas prices combined with an increase in environmental concerns drives market demand
Shale gas development has led to increased adoption of alternators for drilling applications
New investments in grid infrastructure drive demand growth
Market Restraints
Economic downturn discourages large capital investments
Large rental market for gensets discourages new investments but creates a replacement market
Lack of sufficient liquidity in the market discourages investments
Uncertain return on investment due to increased competition has impacted growth rates
Revenue Forecast
Units Forecast
Revenue Forecast by Prime Movers
Revenue Forecast by Power Ranges
Revenue Forecast by Applications
Market Share
Leroy Somer
Cummins
WEG
Generac
Marathon
ABB
GE Converteam
Mecc Alte
Siemens
Marelli
Others
Competitive Environment
9. Europe Analysis
Europe—Strategic Insights
Market Drivers
Need for reduction of greenhouse gases adds momentum to alternator technologies
Fall in gas prices combined with an increase in environmental concerns drives market growth
Recovery in the eastern European economy will drive industrial demand for alternators
Regulatory measures for replacing aged power generation facilities will drive market growth
Market Restraints
Economic downturn discourages huge capital investments
Threat of competition from renewable technologies may lead to lower alternator adoption
Lack of project financing affects big projects and restrains demand
Dependency on imported natural gas raises uncertainty of fuel supply
Revenue Forecast
Units Forecast
Revenue Forecast by Prime Movers
Revenue Forecast by Power Ranges
Revenue Forecast by Applications
Market Share
Leroy Somer
Cummins
Mecc Alte
ABB
Marelli Motori
GE Converteam
Marathon
Siemens
Jeumont
Indar
Others
Competitive Environment
10. Asia-Pacific Analysis
Asia-Pacific—Strategic Insights
Market Drivers
Growth in industrial, infrastructure, and data centres demand will drive regional growth
Increase in environmental concerns and need to curb greenhouse emissions drive market growth
Shift towards a more flexible power generation infrastructure drives demand for alternators
Limited grid development drives the demand for back-up power and alternators
Market Restraints
Economic slowdown and a sluggish industrial sector growth affect investment
Bureaucracy and red tapism limit investments in energy generation
Preference towards building large thermal power plants limits demand for distributed energy
Intensive competition on prices in the LV segment restrains growth
Revenue Forecast
Units Forecast
Revenue Forecast by Prime Movers
Revenue Forecast by Power Ranges
Revenue Forecast by Applications
Market Share
Cummins
Leroy Somer
HHI
ABB
Siemens
Marathon
Mecc Alte
Denyo
Engga
TDPS
Others
Competitive Environment
11. Latin America Analysis
Latin America—Strategic Insights
Market Drivers
Need for energy security due to high reliance on hydropower drives demand
Fall in gas prices combined with environmental concerns drives hybrid power and gensets adoption
Demand-supply gap will increase, driven by rising industrialisation and urbanization
Lack of proper grid networks and new investments in grid infrastructure drive growth
Market Restraints
Economic downturn discourages large capital investments
Ambiguous government policies limit investments in energy efficient distributed power generation
Lack of sufficient liquidity in the market discourages investments
Uncertain return on investment due to increased competition from renewable investments
Revenue Forecast
Units Forecast
Revenue Forecast by Prime Movers
Revenue Forecast by Power Ranges
Revenue Forecast by Applications
Market Share
Leroy Somer
Cummins
Marathon
WEG
ABB
Generac
GE Converteam
Siemens
Mecc Alte
Indar
Others
Competitive Environment
12. Middle East and Africa Analysis
Middle East and Africa—Strategic Insights
Market Drivers
There will be an expansion of the industrial sector, especially in telecommunication and desalination
Need for energy diversification from clean sources increases generator installations
Declining fuel prices and increasing energy consciousness drive market growth
Increasing power demand-supply gap increases reliance on alternators
Market Restraints
Political unrest and changing dynamics in the region restrain market growth
Unavailability of investment funds limits growth
Unavailability of a robust grid infrastructure dampens market potential
Lack of adequate policy support hinders market development
Revenue Forecast
Units Forecast
Revenue Forecast by Prime Movers
Revenue Forecast by Power Ranges
Revenue Forecast by Applications
Market Share
Leroy Somer
Cummins
ABB
Mecc Alte
GE Converteam
Marelli
Indar
Marathon
Siemens
Jeumont
Others
Competitive Environment
13. The Last Word
The Last Word—3 Big Predictions
Legal Disclaimer
14. Appendix
Market Engineering Methodology
Learn More—Next Steps

Infographic



List of Figures & Charts

1. Alternator Market: Key Market Drivers, Global, 2016–2020
2. Alternator Market: Key Market Restraints, Global, 2016–2020
3. Alternator Market: Market Engineering Measurements, Global, 2015
4. Alternator Market: Price Component Structure, Global, 2015
5. Alternator Market: Competitive Structure, Global, 2015
6. Alternator Market: SWOT Analysis, Global, 2015
7. Alternator Market: CEO’s 360 Degree Perspective, Global, 2015
8. Alternator Market: Key Market Drivers, North America, 2016–2020
9. Alternator Market: Key Market Restraints, North America, 2016–2020
10. Alternator Market: Competitive Structure, North America, 2015
11. Alternator Market: Key Market Drivers, Europe, 2016–2020
12. Alternator Market: Key Market Restraints, Europe, 2016–2020
13. Alternator Market: Competitive Structure, Europe, 2015
14. Alternator Market: Key Market Drivers, Asia-Pacific, 2016–2020
15. Alternator Market: Key Market Restraints, Asia-Pacific, 2016–2020
16. Alternator Market: Competitive Structure, Asia-Pacific, 2015
17. Alternator Market: Key Market Drivers, Latin America, 2016–2020
18. Alternator Market: Key Market Restraints, Latin America, 2016–2020
19. Alternator Market: Competitive Structure, Latin America, 2015
20. Alternator Market: Key Market Drivers, Middle East and Africa, 2016–2020
21. Alternator Market: Key Market Restraints, Middle East and Africa, 2016–2020
22. Alternator Market: Competitive Structure, Middle East and Africa, 2015


1. Alternator Market: Market Engineering Measurements, Global, 2015
2. Alternator Market: Regional Scope, Global, 2015
3. Alternator Market: Per Cent Revenue by Region, Global, 2015
4. Alternator Market: Distribution Channel Analysis, Global, 2015
5. Alternator Market: Key Market Drivers and Restraints, Global, 2016–2020
6. Alternator Market: Revenue Forecast, Global, 2013–2020
7. Alternator Market: Revenue Forecast, Global, 2015 and 2020
8. Alternator Market: Units Forecast, Global, 2013–2020
9. Alternator Market: Units Forecast, Global, 2015 and 2020
10. Alternator Market: Life Cycle Assessment, Global, 2015
11. Alternator Market: Revenue Forecast by Region, Global, 2013–2020
12. Alternator Market: Revenue Forecast by Region, Global, 2015 and 2020
13. Alternator Market: Per Cent Revenue Forecast by Region, Global, 2015 and 2020
14. Alternator Market: Units Forecast by Region, Global, 2013–2020
15. Alternator Market: Units Forecast by Region, Global, 2015 and 2020
16. Alternator Market: Per Cent Units Forecast by Region, Global, 2015 and 2020
17. Alternator Market: Revenue Forecast by Prime Movers, Global, 2013–2020
18. Alternator Market: Per Cent Revenue Forecast by Prime Movers, Global, 2015 and 2020
19. Alternator Market: Revenue Forecast by Power Ranges, Global, 2013–2020
20. Alternator Market: Per Cent Revenue Forecast by Power Ranges, Global, 2013–2020
21. Alternator Market: Per Cent Revenue Forecast by Power Ranges, Global, 2015 and 2020
22. Alternator Market: Revenue Forecast by Applications, Global, 2013–2020
23. Alternator Market: Per Cent Revenue Forecast by Application, Global, 2015 and 2020
24. Alternator Market: Per Cent of Sales, Global, 2015
25. Alternator Market: Competitive Forces, Global, 2015
26. Alternator Market: Revenue Forecast, North America, 2013–2020
27. Alternator Market: Revenue Forecast, North America, 2015 and 2020
28. Alternator Market: Units Forecast, North America, 2013–2020
29. Alternator Market: Units Forecast, North America, 2015 and 2020
30. Alternator Market: Units Forecast, North America, 2015 and 2020
31. Alternator Market: Per Cent Revenue Forecast by Prime Movers, North America, 2015 and 2020
32. Alternator Market: Revenue Forecast by Power Ranges, North America, 2013–2020
33. Alternator Market: Per Cent Revenue Forecast by Power Ranges, North America, 2015 and 2020
34. Alternator Market: Revenue Forecast by Applications, North America, 2013–2020
35. Alternator Market: Per Cent Revenue Forecast by Applications, North America, 2015 and 2020
36. Alternator Market: Per Cent of Sales, North America, 2015
37. Alternator Market: Revenue Forecast, Europe, 2013–2020
38. Alternator Market: Revenue Forecast, Europe, 2015 and 2020
39. Alternator Market: Units Forecast, Europe, 2013–2020
40. Alternator Market: Units Forecast, Europe, 2015 and 2020
41. Alternator Market: Revenue Forecast by Prime Movers, Europe, 2013–2020
42. Alternator Market: Per Cent Revenue Forecast by Prime Movers, Europe, 2015 and 2020
43. Alternator Market: Revenue Forecast by Power Ranges, Europe, 2013–2020
44. Alternator Market: Per Cent Revenue Forecast by Power Ranges, Europe, 2015 and 2020
45. Alternator Market: Revenue Forecast by Applications, Europe, 2013–2020
46. Alternator Market: Per Cent Revenue Forecast by Applications, Europe, 2015 and 2020
47. Alternator Market: Per Cent of Sales, Europe, 2015
48. Alternator Market: Revenue Forecast, Asia-Pacific, 2013–2020
49. Alternator Market: Revenue Forecast, Asia-Pacific, 2015 and 2020
50. Alternator Market: Units Forecast, Asia-Pacific, 2013–2020
51. Alternator Market: Units Forecast, Asia-Pacific, 2015 and 2020
52. Alternator Market: Revenue Forecast by Prime Movers, Asia-Pacific, 2013–2020
53. Alternator Market: Per Cent Revenue Forecast by Prime Movers, Asia-Pacific, 2015 and 2020
54. Alternator Market: Revenue Forecast by Power Ranges, Asia-Pacific, 2013–2020
55. Alternator Market: Per Cent Revenue Forecast by Power Ranges, Asia-Pacific, 2015 and 2020
56. Alternator Market: Revenue Forecast by Applications, Asia-Pacific, 2013–2020
57. Alternator Market: Per Cent Revenue Forecast by Applications, Asia-Pacific, 2015 and 2020
58. Alternator Market: Per Cent of Sales, Asia-Pacific, 2015
59. Alternator Market: Revenue Forecast, Latin America, 2013–2020
60. Alternator Market: Revenue Forecast, Latin America, 2015 and 2020
61. Alternator Market: Units Forecast, Latin America, 2013–2020
62. Alternator Market: Units Forecast, Latin America, 2015 and 2020
63. Alternator Market: Revenue Forecast by Prime Movers, Latin America, 2013–2020
64. Alternator Market: Per Cent Revenue Forecast by Prime Movers, Latin America, 2015 and 2020
65. Alternator Market: Revenue Forecast by Power Ranges, Latin America, 2013–2020
66. Alternator Market: Per Cent Revenue Forecast by Power Ranges, Latin America, 2015 and 2020
67. Alternator Market: Revenue Forecast by Applications, Latin America, 2013–2020
68. Alternator Market: Per Cent Revenue Forecast by Applications, Latin America, 2015 and 2020
69. Alternator Market: Per Cent of Sales, Latin America, 2015
70. Alternator Market: Revenue Forecast, Middle East and Africa, 2013–2020
71. Alternator Market: Revenue Forecast, Middle East and Africa, 2015 and 2020
72. Alternator Market: Units Forecast, Middle East and Africa, 2013–2020
73. Alternator Market: Units Forecast, Middle East and Africa, 2015 and 2020
74. Alternator Market: Revenue Forecasts by Prime Movers, Middle East and Africa, 2013–2020
75. Alternator Market: Per Cent Revenue Forecast by Prime Movers, Middle East and Africa, 2015 and 2020
76. Alternator Market: Revenue Forecast by Power Ranges, Middle East and Africa, 2013–2020
77. Alternator Market: Per Cent Revenue Forecast by Power Ranges, Middle East and Africa, 2015 and 2020
78. Alternator Market: Revenue Forecast by Applications, Middle East and Africa, 2013–2020
79. Alternator Market: Per Cent Revenue Forecast by Applications, Middle East and Africa, 2015 and 2020
80. Alternator Market: Per Cent of Sales, Middle East and Africa, 2015



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