Global Automotive Alternator Market Racing at CAGR of ~5.5% By 2022

Automotive Alternator Global Market – Overview
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.

According to a recent study report published by the Market Research Future, the global market of Automotive Alternator is expected to witness a prospective growth in terms of value at about 5.5% CAGR surpassing its previous growth records by the end of the forecasted period (2016 – 2022).

The auto industry is increasingly being driven by changing consumer needs to accommodate convergence of connectivity and electrification. Marketers are striving to develop smart and energy efficient cars. As a result, recent vehicles are enabled with electronic features, requiring an upgrade the alternator system for efficient allocation of power. Automotive alternators are used to charge the automotive battery, which is supplying power to the electrical and electronic components of a vehicle. The electronic components include internal lighting, dashboard controls, anti-lock braking systems, air conditioning, and external lighting. However augmented government regulations for owning cars are anticipated to restrain the market growth during 2016 – 2022.

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Automotive Alternator Global Market – Key Players
A fairly stable industry as far as the eye can see. Currently, the global Automotive Alternator market appears moderately competitive due to the handful number of matured players operating in the market and high demand for alternators in the automotive sector. However, the significant growth in the market and immense revenue generation opportunities are attracting several new players to enter the global market of Automotive Alternator due to which the market will soon witness a fierce competition. The key vendors in the market are growing their customer base and are increasing their investments in R&D and expansions. For instance; In 2015, Mitsubishi Electric invested approximately 4 billion yen (33 million USD) in its subsidiary Mitsubishi Electric Automotive America, Inc. (MEAA) to expand and construct new facilities for the increased production of high-efficiency alternators. MEAA began producing high-efficiency alternators at its plant in Mason, Ohio. The new additions will increase the production capacity for core parts used in these alternators, enabling MEAA to meet growing demand as it continues to expand its North American market.

Profiled in MRFR Analysis some of 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.

Automotive Alternator Global Market – Segmentation
The Automotive Alternator market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprising Single Phase and Three Phase
Segmentation by Vehicle Type: Comprising Passenger and Commercial
Segmentation by Technology: Comprising Belt-driven alternator and.
Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Automotive Alternator Global Market – Synopsis
The trend that is gaining traction in this market is the rising popularity of smart charging alternators. Some of the Automotive Companies have developed an alternator that is controlled by a power control module (PCM) that regulates the amount of battery charged by the alternator. The PCM monitors the temperature of the engine, battery, and the total electric demand for running the interior automotive electronic components and charges the battery to provide the required power. In the luxury car segment, some others are getting their vehicles equipped with intelligent alternator control (IAC) to generate sufficient electricity to power a car's onboard electronic units during braking and overrun situations. This power management of the system allows more power to be available during dynamic driving, involving quick acceleration. As a result of these technological advancements, the automotive alternator market is expected to grow in the next few years.

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Automotive Alternator Market – Regional Analysis
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.

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