Research Overview

In this research service, Frost & Sullivan reviews the rising need for alternators in light of the growing demand from the commercial and the industrial sectors. The study also examines market drivers and restraints for the next 10 years. The rising need for power, along with growing customer awareness of the benefits of backup power, in light of the COVID-19 pandemic, will drive opportunities for alternators. In addition, the emergence of edge computing and 5G and the rising trend of digitalization and customers’ growing computing demands will expand the overall opportunity for alternators. Restraints include the high cost of industrial generators and turbines, the tight budgets, and the challenging macroeconomic conditions due to the ongoing pandemic, which restricts sales among cost-conscious customers. The research service also addresses current and future market opportunities and the challenges faced by participants in this highly competitive scenario.

The study also offers insight into the key measures alternator manufacturers must take to achieve their primary corporate goal, that is, to offer an enhanced customer experience.