Global Industrial Low-voltage Alternator Market Size, Share & Trends Analysis Report By Type, By Application (Electricity, Telecommunication, Marine, and Others) By Regional Outlook and Forecast, 2023 - 2030
The Global Industrial Low-voltage Alternator Market size is expected to reach $2.5 billion by 2030, rising at a market growth of 8.5% CAGR during the forecast period.
In recent years, North America, particularly the United States and Canada, has witnessed significant industrial expansion, infrastructure development, and investment. Therefore, the North America segment captured $480.83 million revenue in the market in 2022. Growth in manufacturing, construction, mining, oil and gas, renewable energy, and telecommunications has spurred the demand for industrial machinery and equipment, including low-voltage alternators, to power essential operations and facilities.
Industrialization and infrastructure development projects are pivotal in driving the demand for industrial machinery and equipment, with low-voltage alternators being a critical component. As emerging economies undergo industrialization, there is a significant increase in the establishment of manufacturing facilities across various sectors such as automotive, electronics, consumer goods, and heavy industries. Therefore, these aspects can drive the expansion of the market.
Additionally, data centers, telecommunications networks, and other critical facilities require uninterrupted power supply to prevent data loss, service disruptions, and financial losses. UPS systems utilize low-voltage alternators to seamlessly transition to battery backup during power outages, ensuring the continuous operation of sensitive equipment and systems. Therefore, these factors can help in the growth of the market.
However, economic downturns or slowdowns, characterized by declining GDP growth rates, can reduce investment confidence and capital expenditure in industrial sectors. Reduced investments in industrial projects and infrastructure development negatively impact the demand for low-voltage alternators as businesses delay or scale back expansion plans to mitigate financial risks. Thus, these aspects can hamper the growth of the market.
By Type Analysis
Based on type, the market is bifurcated into single phase industrial low-voltage alternator and three phase industrial low-voltage alternator. In 2022, the single phase industrial low-voltage alternator segment 24.2% significant revenue share in the market. Single-phase industrial low-voltage alternators are well-suited for powering equipment and facilities in remote or off-grid locations, such as agricultural pumps, small workshops, construction sites, and rural electrification projects, where three-phase power may not be readily available or necessary.
By Application Analysis
On the basis of application, the market is divided into electricity, marine, telecommunication, and others. In 2022, the telecommunication segment witnessed 29.7% revenue share in the market. Telecommunications networks, including cellular networks, fiber optic networks, and satellite communications systems, rely on reliable power sources to support uninterrupted connectivity and communication services.
By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the Europe segment acquired 29.9% revenue share in the market. Europe's industrial sector is undergoing revitalization and modernization efforts to enhance competitiveness, productivity, and sustainability.
List of Key Companies Profiled
Cummins, Inc.
Nidec Corporation
Pedrollo Group Srl
ENGGA (Yangjiang) Electric Co., Ltd.
ABB Group
DINGOL Pwoer Generation
Taiyo Electric Co., Ltd.
Evotec SE
Shangyan Power Technology Jiangsu Co., Ltd
Regal Rexnord Corporation
Global Industrial Low-voltage Alternator Market Report Segmentation
By Type
Three Phase Industrial Low-voltage Alternator
Single Phase Industrial Low-voltage Alternator
By Application
Electricity
Telecommunication
Marine
Others
By Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
1.4.1Global Industrial Low-voltage Alternator Market, by Type
1.4.2Global Industrial Low-voltage Alternator Market, by Application
1.4.3Global Industrial Low-voltage Alternator Market, by Geography
1.5Methodology for the research
Chapter 2.Market at a Glance
2.1Key Highlights
Chapter 3.Market Overview
3.1Introduction
3.1.1Overview
3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
3.2.1Market Drivers
3.2.2Market Restraints
3.2.3Market Opportunities
3.2.4Market Challenges
3.3Porter's Five Forces Analysis
Chapter 4.Global Industrial Low-voltage Alternator Market by Type
4.1Global Three Phase Industrial Low-voltage Alternator Market by Region
4.2Global Single Phase Industrial Low-voltage Alternator Market by Region
Chapter 5.Global Industrial Low-voltage Alternator Market by Application
5.1Global Electricity Market by Region
5.2Global Telecommunication Market by Region
5.3Global Marine Market by Region
5.4Global Others Market by Region
Chapter 6.Global Industrial Low-voltage Alternator Market by Region
6.1North America Industrial Low-voltage Alternator Market
6.1.1North America Industrial Low-voltage Alternator Market by Type
6.1.1.1North America Three Phase Industrial Low-voltage Alternator Market by Country
6.1.1.2North America Single Phase Industrial Low-voltage Alternator Market by Country
6.1.2North America Industrial Low-voltage Alternator Market by Application
6.1.2.1North America Electricity Market by Country
6.1.2.2North America Telecommunication Market by Country
6.1.2.3North America Marine Market by Country
6.1.2.4North America Others Market by Country
6.1.3North America Industrial Low-voltage Alternator Market by Country