North America 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 North America Alternators Market would witness market growth of 4.6% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 4283.6 thousand units, showcasing a growth of 16.8% (2020-2023).
Brushed alternators represent a significant segment within the alternators market, offering reliable power generation solutions across various applications. Characterized by a traditional design featuring carbon brushes that facilitate electrical contact, brushed alternators are known for their simplicity, durability, and cost-effectiveness. Therefore, the Mexico market used 180.0 thousand units of brushed alternators in 2023.
The US market dominated the North America Alternators Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,762.4 million by 2031. The Canada market is experiencing a CAGR of 6.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6% during (2024 - 2031).
Alternators are commonly employed in marine vessels, including ships, boats, and yachts, to generate electrical power for propulsion systems, navigation equipment, lighting, communication devices, and other onboard systems. Alternators for marine use are constructed to endure the severe conditions of saltwater environments. Alternators are critical in backup power systems for telecommunications towers, data centers, and infrastructure facilities. In a power outage, alternators and diesel generators provide emergency power to ensure the uninterrupted operation of essential communication networks and data processing centers.
Additionally, alternators find applications in military vehicles, aircraft, ships, and portable power systems used by defense forces. They provide electrical power for various military equipment, including communication, radar, weapon, and electronic warfare systems. Alternators are integrated into various industrial equipment and manufacturing machinery to provide electrical power for operation, control systems, lighting, and auxiliary functions. They are essential in manufacturing processes across automotive, aerospace, electronics, and textiles.
According to data from the International Trade Administration, the installed capacity of Mexico's clean energy plants (renewable and non-renewable) was 31,369 MW in 2022, representing a 1.81 percent increase over the previous year, when the installed capacity of clean energy was 30,812MW. Hydro, wind, and photovoltaic solar PV plants accounted for most of the installed renewable energy capacity. Hence, the factors mentioned above will drive the regional market growth.
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 U.S., Mexico, Canada, and Rest of North America.
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.)
By Voltage (Volume, Thousand Units, USD Billion, 2020-2031)
- Medium
- High
- Three Phase Alternator
- Two Phase Alternator
- Single Phase Alternator
- Automotive
- Power Generation
- Construction
- Oil & Gas
- Others
- Brushed Alternators
- Brushless Alternators
- Permanent Magnet Alternators
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Alternators Market, by Voltage
- 1.4.2 North America Alternators Market, by Phase
- 1.4.3 North America Alternators Market, by End-Use Industry
- 1.4.4 North America Alternators Market, by Type
- 1.4.5 North America 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. North America Alternators Market by Voltage
- 4.1 North America Medium Market by Region
- 4.2 North America High Market by Region
- Chapter 5. North America Alternators Market by Phase
- 5.1 North America Three Phase Alternator Market by Country
- 5.2 North America Two Phase Alternator Market by Country
- 5.3 North America Single Phase Alternator Market by Country
- Chapter 6. North America Alternators Market by End-Use Industry
- 6.1 North America Automotive Market by Country
- 6.2 North America Power Generation Market by Country
- 6.3 North America Construction Market by Country
- 6.4 North America Oil & Gas Market by Country
- 6.5 North America Others Market by Country
- Chapter 7. North America Alternators Market by Type
- 7.1 North America Brushed Alternators Market by Country
- 7.2 North America Brushless Alternators Market by Country
- 7.3 North America Permanent Magnet Alternators Market by Country
- Chapter 8. North America Alternators Market by Country
- 8.1 US Alternators Market
- 8.1.1 US Alternators Market by Voltage
- 8.1.2 US Alternators Market by Phase
- 8.1.3 US Alternators Market by End-Use Industry
- 8.1.4 US Alternators Market by Type
- 8.2 Canada Alternators Market
- 8.2.1 Canada Alternators Market by Voltage
- 8.2.2 Canada Alternators Market by Phase
- 8.2.3 Canada Alternators Market by End-Use Industry
- 8.2.4 Canada Alternators Market by Type
- 8.3 Mexico Alternators Market
- 8.3.1 Mexico Alternators Market by Voltage
- 8.3.2 Mexico Alternators Market by Phase
- 8.3.3 Mexico Alternators Market by End-Use Industry
- 8.3.4 Mexico Alternators Market by Type
- 8.4 Rest of North America Alternators Market
- 8.4.1 Rest of North America Alternators Market by Voltage
- 8.4.2 Rest of North America Alternators Market by Phase
- 8.4.3 Rest of North America Alternators Market by End-Use Industry
- 8.4.4 Rest of North America 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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