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.
Free Valuable Insights: The Alternators Market is Predict to reach USD 31.7 Billion by 2031, at a CAGR of 5.2%
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.
By Voltage (Volume, Thousand Units, USD Billion, 2020-2031)
By Phase (Volume, Thousand Units, USD Billion, 2020-2031)
By End-Use Industry (Volume, Thousand Units, USD Billion, 2020-2031)
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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