Rise in disposable income and surge in demand for luxury vehicles is projected to boost the Global Alternator Market

Global Alternator Market Report, published by Variant Market Research, forecast that the global market is expected to reach $29.9 billion by 2024 from $20.1 billion in 2016, growing at a CAGR of 5% from 2016 to 2024. By geography, RoW and Asia Pacific are expected to grow at a CAGR of 6.1% and 5.3%, respectively, during the forecast period.
Browse Complete Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/alternator-market
The factors boosting the growth of the global alternator market include, growth in demand for luxury vehicles owing to the increasing disposable income in emerging markets, augmented demand for engine and turbines, and rising investments in infrastructure globally. Though, unpredictability condition of current world economy is likely to pose restrain for the growth of the market.
Get Sample Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/alternator-market/sample-request
The global alternator market is categorized on the basis of rotor type, voltage range, end-user, and geography. The rotor type segment is sub-segmented into smooth cylindrical, salient pole and others. The voltage is segmented as low voltage (0V-1000V), medium voltage (1001V-4160V) and high voltage (4161V-15000V). Furthermore, End-user is categorized as stand-by power, oil & gas, mining, marine and others. By rotor type segment, smooth cylindrical hold the share of 20.5% in 2016. Furthermore, by end-user, power plant and oil & oil & gas accounted for 11.03% and 6.50% respectively, in the year 2016.
By geography the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). Rest of the World (RoW) is the fastest growing region in the global alternator market, and is expected to continue this trend, due to rapid growth in urbanization and increasing oil & gas sector. Asia Pacific accounts the largest share of the market with 34% followed by Europe with 27%, in the year 2016.
The key market players comprise of Lucas Electrical, Robert Bosch GmbH, Motor Corporation of America, Hella KGaA Hueck & Co, Hitachi Automotive, Mitsuba Corporation, Denso Corporation, Valeo SA, Cummins, Inc., and Mitsubishi Electric Corporation, among others.

We at Variant Market Research provide syndicated as well as customized reports along with short and long term consulting services pertaining to your requirements; offering accurate analysis, post precise data mining and analysis of information gathered. Adding to that, our offerings also include customized data pack, proposing market sizing in an Excel/PDF/PPT/Word format as per the need of our consumers.

For more information, Contact:
VARIANT MARKET RESEARCH LLP
Web: https://www.variantmarketresearch.com/
India Office (Corporate Headquarter):
Office No. FL No.7, Prakash Developers, Survey no 34/A5, Wadgaon Sheri, Nagar Road,
Pune – 411014
Tel: +91 20 65337795
USA Office:
649 Mission St., 5th Floor, San Francisco, CA 94105, United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: help@variantmarketresearch.com

This release was published on openPR.