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Automotive alternator Market to Strengthen Its Position in Global Market at 5.5% CAGR Forecast to 2022
Automotive Alternator Market 2018
Automotive Alternator Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Automotive Alternator Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
Global Automotive Alternator Market Information by Type (Single Phase and Three Phase), by Technology (Belt-driven alternator and), by Vehicle Type (Passenger and Commercial) and by Region - Forecast to 2022
Market Scenario
Automotive alternator is a generator which generates power to the electrical component of the vehicle. The increasing usage of electrical power in the cars and the rise in electrical and electronics device in the vehicles is expected to surge the market for automotive alternator. Moreover, increasing global demand for vehicles has a significant contribution in the growth of automotive alternator market. Asia-Pacific is estimated to have the largest market for automotive industry due to government initiated FDI for international automotive players, favorable economic conditions, and presence of major automotive manufacturing industries which in turn is expected to drive the demand in the automotive alternator market. The global automotive alternator market is expected to show a growth at CAGR of about 5.5% from 2016 to 2022.
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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.
Market Highlights
The increasing usage of electrical power in the cars and the rise in electrical and electronics device in the vehicles is expected to surge the market for automotive alternator. Moreover, increasing global demand for vehicles has a significant contribution in the growth of automotive alternator market. Asia-Pacific is estimated to have the largest market for automotive industry due to government initiated FDI for international automotive players, favorable economic conditions, and presence of major automotive manufacturing industries which in turn is expected to drive the demand in the automotive alternator market. The global automotive alternator market is expected to show a growth at CAGR of about 5.5% from 2016 to 2022.
Asia-Pacific is the major regions for the automotive alternator market. Asia-Pacific is expected to be fastest growing market for the automotive alternator. Emerging economies like China, India, and South Korea are expected to drive the market due to government initiative in FDIs for international automotive players, increasing individual’s disposable income & purchasing power is expected to drive the market for automotive alternator. It is followed by European region due to presence of biggest automotive players in the region.
Industry/ Innovation/ Related News:
October, 2017 - Remy Power Products announces it has added a new line of starter and alternator part numbers for 2002 to 2016 Sprinter van applications. Remy starters and alternators for Sprinter vans are made for the aftermarket with the same precision as the original equipment. Designed to fit perfectly and perform flawlessly, they are as good, or better, than the parts they replace.
Oct, 2015- DENSO Products and Services Americas, Inc., a division of leading global automotive supplier DENSO Corp., is now shipping PowerEdge, its new series of high-amp alternators developed for medium- and heavy-duty commercial trucks. Compact and fuel-efficient, PowerEdge alternators have a durability rating of more than 400,000 miles.
June, 2015 - Bosch Group plans to realign Starter Motors and Generators division. The division develops and manufactures starters and alternators for passenger cars and commercial vehicles which help reduce fuel consumption, for example as part of the start-stop system. It employs around 6,500 associates at 13 manufacturing sites and multiple sales locations worldwide.
March, 2015- Mitsubishi Electric Corporation announced it will invest approximately 33 million USD, in its subsidiary Mitsubishi Electric Automotive America, Inc. to expand and newly construct facilities for the increased production of high-efficiency alternators. The move is the latest step in an ongoing expansion of Mitsubishi Electric Automotive America, Inc. North American market.
June 2004- Valeo starter-alternator won automotive engineers award. The trophy was presented to the company's research and development team at the annual reception of the SIA, the French Society of Automotive Engineers, in Paris.
Automotive Alternator Market – Segmentation
The Automotive Alternator Market can be segmented in to three key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type - Single Phase and Three Phase
Segmentation by Vehicle type - Passenger and Commercial
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
The report for Global Automotive alternator Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Get Complete Report Details of Automotive Alternator Market @ https://www.marketresearchfuture.com/reports/automotive-alternator-market-1973
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