Global Automotive Alternator Market Trends, Demand and Forecast To 2022
Automotive Alternator Market – Overview
Automotive alternators are used in automobiles to power the electrical system and when the engine is running. An alternator supplies power to run vehicle ignition, electronics, and lights and it also charges the battery. The alternator is important component of an automotive charging system which powers the engine. The parts of automotive alternator include the alternator rotor, the stator, the output diodes, the diode trio, the voltage regulator, the field current supply and the alternator or a battery light.
The automotive alternator market is expected to grow with the growth in the production of vehicles across the globe. Also, the increase in adoption of electricity based vehicles due to various environment issues such as rising carbon dioxide emissions which cause air pollution, is expected to increase the demand for automotive alternator market. Automotive alternator offers various advantages to the different off-roads and emergency vehicles. The rise of high output alternators is expected to bring opportunities for the market. High output alternator brings lot of advantages over traditional alternators. Also, increase in demand for vehicles is expected to create lucrative growth opportunities for automotive alternators over the forecast period.
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Global Automotive Alternator Market Segmentation
In the reports of MRFR, the global automotive alternator market has been segmented into type and vehicle type.
By the mode of type, the market has been segmented as single phase and three phases.
By the mode of vehicle type, the market has been segmented as commercial and passenger.
Key Players
The key players of global automotive alternator market report include Valeo, Denso, Bosch, Remy, ISKRA, Mando, Mitsubishi, Hitachi Automotive, Magneti Marelli, Motorcar Parts of America, Hella KGaA Hueck & Co., and Lucas Electrical.
Global Automotive Alternator Market: Regional Outlook
Taking geographical segmentations into consideration, the global market for automotive alternator has covered the major regions of North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. The report points out that among them, Asia Pacific region holds the major share of the market. Countries such as Chine, India, and South Korea have profoundly contributed to the market share owing to government initiative in FDIs doe international automotive players, increasing disposable income of people and increasing buying potential is expected to drive the automotive alternator market in the years to come.
Next comes the European region, which is also witnessing the maximum growth in the market owing to the presence of biggest automotive players in the region.
Industry Updates
In October, 2017, Remy Power Products announced the addition of starter and alternator part numbers for 2002 to 2016 Sprinter van applications. The components are made for the aftermarket and with the finest precision as the original equipment. Its advantage lies with its features such as perfect fit and ability to perform flawlessly.
In 2017, BorgWarner developed manufacturing process that can speed up the production of high-voltage electric motors up to 350 volts. The company desires to initiate the technology in a 300-volt S-wind motor for an on-axis P2 hybrid vehicle. Already in production with Hyundai Motor Company, this process can impact production like never before.
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LIST OF TABLES
Table 1 Global Automotive Alternator Market: By Type, 2014-2022
Table 2 Single Phase: Automotive Alternator Market, By Region, 2014-2022
Table 3 Three Phase: Automotive Alternator Market, By Region, 2014-2022
Table 4 Global Automotive Alternator Market: By Vehicle Type, 2014-2022
Table 5 Passenger Vehicle: Automotive Alternator Market, By Region, 2014-2022
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LIST OF FIGURES
FIGURE 1 Global Automotive Alternator Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Automotive Alternator Market
FIGURE 4 Value Chain Of Global Automotive Alternator Market
FIGURE 5 Global Automotive Alternator Market: By Type, 2014-2022
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