Alternator Market Share

Statistics for the 2023 & 2024 Alternator market share, created by Mordor Intelligence™ Industry Reports. Alternator share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Team License

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Corporate License

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Market Share of Alternator Industry

The alternator market is fragmented with several regional as well as international players facing intense competition to maintain their position in the market. Vendors are adopting strategies such as mergers, and acquisition, strategies alliances to expand their sales and distribution network.

  • January 2019- Leroy-Somerannouncedthe expansion of its LSA 44.3 and TAL 044 product lines, reaching 200 kVA in power with enhanced performance. The LSA 44.3 VL13 and VL14 alternators benefit from 93.4% and 93% efficiency at 0.8 PF respectively, which represents a significant advancement over the LSA 46.3 S2 (91.9%) and S3 (92.5%).These products are suitable for all types of power generation applications and provide high performance, delivering new opportunities for generator sets manufacturers.
  • July 2018 - ABB announced that it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business.GEIS will be integrated into ABB’s Electrification Products division,

Alternator Market Leaders

  1. ABB Ltd.

  2. Siemens AG

  3. Cummins Inc.

  4. Leroy Somer (Nidec Motor Corporation)

  5. Mecc Alte Spa

*Disclaimer: Major Players sorted in no particular order

ABB Ltd, Siemens AG, Cummins Inc, Leroy Somer (Nidec Motor Corporation), Mecc Alte Spa

Alternator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)