Europe Alternators Market Size, Share & Trends Analysis Report By Voltage (Medium and High), By Phase, By End-Use Industry, By Type (Brushed Alternators, Brushless Alternators, and Permanent Magnet Alternators). By Country and Growth Forecast, 2024 - 2031

Europe Alternators Market Size, Share & Trends Analysis Report By Voltage (Medium and High), By Phase, By End-Use Industry, By Type (Brushed Alternators, Brushless Alternators, and Permanent Magnet Alternators). By Country and Growth Forecast, 2024 - 2031


The Europe Alternators Market would witness market growth of 4.8% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 5055.3 thousand units, showcasing a growth of 17.2% (2020-2023).

Alternators are essential components within automotive systems, responsible for converting mechanical energy into electrical power to charge the vehicle's battery and power various electrical systems, including lights, air conditioning, and entertainment systems. With the increasing integration of advanced electrical and electronic features in modern vehicles, such as infotainment systems and advanced driver assistance systems (ADAS), the demand for alternators continues to grow. Therefore, the Germany market used 518.3 thousand units of alternators in the automotive industry in 2023.

The Germany market dominated the Europe Alternators Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,893.3 million by 2031. The UK market is exhibiting a CAGR of 4.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 5.6% during (2024 - 2031).

Alternators are integral to automotive electrical systems. Vehicles generate electricity to charge the battery and power electrical components such as lights, air conditioning, infotainment systems, and engine control units (ECUs). Alternators are essential for traditional internal combustion engines and modern electric and hybrid vehicles.

Additionally, alternators are used in various construction and mining equipment, including excavators, bulldozers, loaders, and dump trucks. They provide electrical power for onboard systems, lighting, air conditioning, and hydraulic systems. Alternators are crucial for ensuring the continuous operation of heavy machinery in challenging environments.

According to Eurostat data, in 2021, a substantial fraction of the EU population resided in primarily urban regions (40.5%) and intermediate regions (38.7%), with the remaining fifth (20.8%) living in predominantly rural regions. Urbanization drives the need for infrastructure development in European cities, including transportation systems, utilities, public buildings, and residential areas. Thus, all these factors will uplift the regional market’s expansion in the coming years.

Based on Voltage, the market is segmented into Medium and High. Based on Phase, the market is segmented into Three Phase Alternator, Two Phase Alternator and Single-Phase Alternator. Based on End-Use Industry, the market is segmented into Automotive, Power Generation, Construction, Oil & Gas and Others. Based on Type, the market is segmented into Brushed Alternators, Brushless Alternators, and Permanent Magnet Alternators. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • Denso Corporation
  • Mitsubishi Electric Corporation
  • Valeo SA
  • Robert Bosch GmbH
  • HELLA GmbH & Co. KGaA (FORVIA S.E.)
  • Hitachi, Ltd. (Hitachi Astemo, Ltd.)
  • Cummins, Inc.
  • Prestolite Electric Incorporated (Zhongshan Broad-Ocean Motor Co., Ltd.)
  • Lucas Automotive Aftermarket
  • BBB Industries, LLC (Clearlake Capital Group, L.P.)
Europe Alternators Market Report Segmentation

By Voltage (Volume, Thousand Units, USD Billion, 2020-2031)
  • Medium
  • High
By Phase (Volume, Thousand Units, USD Billion, 2020-2031)
  • Three Phase Alternator
  • Two Phase Alternator
  • Single Phase Alternator
By End-Use Industry (Volume, Thousand Units, USD Billion, 2020-2031)
  • Automotive
  • Power Generation
  • Construction
  • Oil & Gas
  • Others
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
  • Brushed Alternators
  • Brushless Alternators
  • Permanent Magnet Alternators
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Alternators Market, by Voltage
1.4.2 Europe Alternators Market, by Phase
1.4.3 Europe Alternators Market, by End-Use Industry
1.4.4 Europe Alternators Market, by Type
1.4.5 Europe Alternators Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Europe Alternators Market by Voltage
4.1 Europe Medium Market by Country
4.2 Europe High Market by Country
Chapter 5. Europe Alternators Market by Phase
5.1 Europe Three Phase Alternator Market by Country
5.2 Europe Two Phase Alternator Market by Country
5.3 Europe Single Phase Alternator Market by Country
Chapter 6. Europe Alternators Market by End-Use Industry
6.1 Europe Automotive Market by Country
6.2 Europe Power Generation Market by Country
6.3 Europe Construction Market by Country
6.4 Europe Oil & Gas Market by Country
6.5 Europe Others Market by Country
Chapter 7. Europe Alternators Market by Type
7.1 Europe Brushed Alternators Market by Country
7.2 Europe Brushless Alternators Market by Country
7.3 Europe Permanent Magnet Alternators Market by Country
Chapter 8. Europe Alternators Market by Country
8.1 Germany Alternators Market
8.1.1 Germany Alternators Market by Voltage
8.1.2 Germany Alternators Market by Phase
8.1.3 Germany Alternators Market by End-Use Industry
8.1.4 Germany Alternators Market by Type
8.2 UK Alternators Market
8.2.1 UK Alternators Market by Voltage
8.2.2 UK Alternators Market by Phase
8.2.3 UK Alternators Market by End-Use Industry
8.2.4 UK Alternators Market by Type
8.3 France Alternators Market
8.3.1 France Alternators Market by Voltage
8.3.2 France Alternators Market by Phase
8.3.3 France Alternators Market by End-Use Industry
8.3.4 France Alternators Market by Type
8.4 Russia Alternators Market
8.4.1 Russia Alternators Market by Voltage
8.4.2 Russia Alternators Market by Phase
8.4.3 Russia Alternators Market by End-Use Industry
8.4.4 Russia Alternators Market by Type
8.5 Spain Alternators Market
8.5.1 Spain Alternators Market by Voltage
8.5.2 Spain Alternators Market by Phase
8.5.3 Spain Alternators Market by End-Use Industry
8.5.4 Spain Alternators Market by Type
8.6 Italy Alternators Market
8.6.1 Italy Alternators Market by Voltage
8.6.2 Italy Alternators Market by Phase
8.6.3 Italy Alternators Market by End-Use Industry
8.6.4 Italy Alternators Market by Type
8.7 Rest of Europe Alternators Market
8.7.1 Rest of Europe Alternators Market by Voltage
8.7.2 Rest of Europe Alternators Market by Phase
8.7.3 Rest of Europe Alternators Market by End-Use Industry
8.7.4 Rest of Europe Alternators Market by Type
Chapter 9. Company Profiles
9.1 Denso Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Product Launches and Product Expansions:
9.1.5 SWOT Analysis
9.2 Mitsubishi Electric Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Valeo SA
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Robert Bosch GmbH
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 HELLA GmbH & Co. KGaA (FORVIA S.E.)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 Hitachi, Ltd. (Hitachi Astemo, Ltd.)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Cummins, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional & Segmental Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Prestolite Electric Incorporated (Zhongshan Broad-Ocean Motor Co., Ltd.)
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.3 SWOT Analysis
9.9 Lucas Automotive Aftermarket
9.9.1 Company Overview
9.9.2 SWOT Analysis
9.10. BBB Industries, LLC (Clearlake Capital Group, L.P.)
9.10.1 Company Overview
9.10.2 SWOT Analysis

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