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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?
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