The global dynamo market size reached around USD 27.18 Billion in 2023. The market is projected to grow at a CAGR of 5.80% between 2024 and 2032 to reach nearly USD 45.15 Billion by 2032.
Base Year
Historical Year
Forecast Year
Global businesses are expected to undergo a significant transformation via automation of industrial processes. Automation can enable companies to save nearly 77% of the time spent on repetitive tasks and handle 30% of their workload. Nearly 75% of companies using automated tools report a significant strategic market advantage over their industrial competitors. Major manufacturing companies plan to invest nearly 25% of their capital in automating their operations by 2028, with a close focus on improving quality (96%), providing support services (93%), and ensuring fast delivery times (82%). This is expected to increase the dynamo market revenue over the forecast period.
Additionally, as per the World Resources Institute, the topmost countries recording the highest electric vehicle sales in 2022 include Norway (80%), Iceland (41%), the Netherlands (24%), Sweden (32%), and China (22%). Market growth is also being driven by the increasing demand for EVs in the European Union (16%) and the United States of America (6%). Dynamos ensure adequate that EVs maintain optimum battery charge and enable a comfortable and hassle-free experience for EV drivers. This is expected to contribute to the dynamo market expansion over the forecast period.
Value in USD Billion
2024-2032
Dynamo Market Outlook
*this image is indicative*
Rising demand for portable power solutions; increasing adoption of renewable energy; shift towards electric vehicles; and rapid automation of industrial processes are factors favouring the dynamo market growth.
Dynamos are particularly useful in emergency situations, especially in remote areas where power supply is unstable. They ensure uninterrupted access to power for people and industries, thereby driving economic development.
As per the International Energy Agency (IEA), renewable power sources are expected to meet over 90% of the increase in power supply by 2050. This is expected to fuel the dynamo market expansion, as they facilitate the conversion of mechanical energy into electrical power.
As per the IEA, nearly 10% of all passenger vehicle sales in 2022 were EVs. The sustained growth in EV demand is expected to increase the demand for dynamos for powering the vehicle’s auxiliary systems, such as air conditioning, lighting, and infotainment systems.
Almost 80% of healthcare systems plan to make significant investments in improving their digital healthcare solutions by 2028, thereby leading to market growth.
As per the International Energy Agency, the global electricity demand is expected to increase by 3% between 2023 and 2025. Over 70% of this surge is expected to be witnessed in Southeast Asia, China, and India. By 2025, China is expected to account for 50% of the total addition to global renewable energy capacity, followed by the European Union (15%). This is expected to ensure robust growth of dynamo market revenue in these regions. As per the market analysis, the share of renewable energy in the global power mix is expected to rise to 35% by 2025, thereby leading to further market growth over the forecast period.
The EMR’s report titled “Global Dynamo Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Product Type
Breakup by End Use
Breakup by Region
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the demand for dynamos in Latin America is expected to grow at a CAGR of 6.0% due to the anticipated growth of its manufacturing sector. Brazil is expected to grow at a CAGR of 7.1% due to the increasing automation of industrial processes and the rising adoption of electric vehicles in the country.
Major players are partnering with energy storage solution providers to enhance their product portfolio and capture a significant dynamo market share.
Cummins Inc. was founded in 1919 and is headquartered in Indiana, United States. It is engaged in designing, manufacturing, and selling power generation products worldwide.
Generac Power Systems, Inc. was founded in 1959 and is headquartered in Wisconsin, United States. It is involv...
Yanmar Holdings Co., Ltd. was founded in 1912 and is headquartered in Osaka, Japan. As per the dynamo market a...
Briggs & Stratton, LLC was founded in 1908 and is headquartered in Wisconsin, United States. It’s the world'...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the dynamo market report are Caterpillar Inc., Mitsubishi Heavy Industries, Ltd., Wärtsilä Corporation, Brook Crompton Holdings Pte Ltd, Wacker Neuson SE, and Kohler Co., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the dynamo market reached an approximate value of USD 27.18 Billion.
The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 45.15 Billion by 2032.
The different regions considered in the dynamo market report include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The different types of products in the market include AC magneto dynamo, DC magneto dynamo, and AC/DC magneto dynamo.
The different end uses of dynamo in the market are automotive, industrial, aerospace & defense, and power generation, among others.
A dynamo generates power by converting mechanical energy into electrical energy via a process called electromagnetic induction.
Key players in the market are Caterpillar Inc., Cummins Inc., Mitsubishi Heavy Industries, Ltd., Generac Power Systems, Inc., Wärtsilä Corporation, Yanmar Holdings Co., Ltd., Brook Crompton Holdings Pte Ltd, Wacker Neuson SE, Briggs & Stratton, LLC, and Kohler Co., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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