Automotive Alternator Market Global Industry Analysis and Forecast Till 2025
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The automotive alternator market is expected to grow due to the growing production of vehicles across the globe. Additionally, increasing adoption of electricity based vehicles due to various environment issues such as rising CO2 emission that cause air pollution, is expected to increase the demand for automotive alternator market. There are various benefits that automotive alternator offers to the different off-roads and emergency vehicles. For instance, off road vehicles, especially those that carry a large amount of snow plow, can benefit from alternators, since vehicle equipped with a snow plow could require a large output alternator since it produces a large drag on the electrical system. Furthermore, the increasing number of hybrid vehicles is expected to hamper the growth of the automotive starter and alternator market. As, the hybrid vehicles use number of motors that ignite with the help of the combustion engine and eliminates automotive starters and alternators.
The rise of high output alternators is expected to bring novel opportunities in the automotive alternator market. High output alternator brings in a lot of advantages over traditional alternators. For instance, emergency vehicles, whether ambulance or police, require high amount of power in the engine. They also need to run large number of devices within the vehicle such as emergency medical systems and flashing lights. In previous times, these vehicles used regular alternators which needed to be replaced quite regularly. A high output alternator can handle high electrical demands and doesn’t need to be replaced as often.
The automotive alternator market is segmented on the basis of alternator type, vehicle type and region. The automotive alternator market on the basis of type is segmented into salient pole type and cylindrical rotor type. On the basis of vehicle type, the automotive alternator market is segmented into light commercial vehicles, heavy commercial vehicles and passenger vehicles. Geographically, the automotive alternator market is segmented into Europe, North America, Middle East & Africa, Asia-pacific and South America. North America and Europe regions are expected to lead due to the technological advancements with respect to the vehicles alternators and increasing production of vehicles across the region. The Asia Pacific region is expected to grow due to the rapidly expanding automobile sector in the countries such as China and India.
Some of the key players in the automotive alternator market are Bosch Auto Parts, DENSO, HELLA KGaA Hueck & Co, Mitsubishi Electric Corporation, Hitachi Automotive Systems Americas, Inc, Elta Automotive Ltd, Prestolite Electric Inc, Motorcar Parts of America, INC., Remy International Inc. and more
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