Press release
Alternators Market - Most Lucrative & Luring Opportunities Segments 2024
Alternators are generators that convert mechanical energy or direct current (DC) to alternating current (AC). The growing application of alternators in automobiles, coupled with the growth of automotive sector, is primarily driving growth of the alternators market.
Additionally, the growing demand for power, from both conventional and non-conventional sources, has been boosting the application of alternators in the power generation sector.
This in turn is also steadily boosting growth of the global alternators market. Furthermore, the growth of telecommunication industry has been promoting the use of stand-by power equipment for telecommunication towers, which has again aided in increased application of alternators.
Considering the positive impacts of the factors mentioned previously, the alternators market can be anticipated to grow steadily during the forecast period.
Global Alternators Market: Segmentation
On the basis of voltage range, the alternators market has been segmented into different voltage levels including low voltage (0V – 1,000V), medium voltage (1,000V – 4,160V) and high voltage (4,161V – 15,000V). On the basis of rotor type, the global alternators market has been segmented into salient pole, smooth cylindrical and others.
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Others segment primarily covers claw pole type alternators, which is mostly used in the automotive sector. The market revenue for alternators has been provided in terms of USD million and market volume has been provided in terms of thousand units, along with the CAGR for the forecast period from 2016 to 2024.
Application industries covered under this report includes oil & gas, marine, power plant, stand-by power, mining and others. Others segment of application industry covers industries such as automotive, railways and manufacturing among others.
Furthermore, each application industry segment also contains data by voltage range. The regional market analysis gives in-depth analysis of the current trends in different regions including North America, Europe, Asia Pacific, South America and Middle-East & Africa (MEA).
Global Alternators Market: Competitive Landscape
To aid in strategic decision-making, the report also includes competitive profiling of leading players in the industry, overview, their market share, SWOT analysis, business segments, various business strategies adopted by them, and revenue.
The SWOT analysis, provided for each of the companies profiled, discusses the strengths, weaknesses, opportunities and threats for those companies, thus providing a better understanding of the major players in this market. The key trends analysis, provided in the report for each region, details the current trends of the alternators market for that region.
The market attractiveness analysis, for each segment, and Porter’s five forces analysis included in the report provide insight into industry competition, market dynamics and the most profitable segments in the alternators market.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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