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Alternators Market : Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

01-08-2018 07:45 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Alternators Market : Comprehensive Evaluation Of The Market Via

Alternators have become an integral part of several industries due to their ability to convert mechanical energy or direct current (DC) to alternating current (AC). They consist of multiple poles and come with varying rotation speeds, both of which determine its output frequency. Alternators are being extensively used in several industrial verticals, such as automotive, power generation, and mining, apart from having commercial and residential applications.

Analysts anticipate that the opportunity in the global alternators market is expected to be worth US$28.9 bn by the end of 2024 as compared to US$20.3 bn in 2015. Between the forecast years of 2016 and 2024, the global alternators market is expected to progress at a CAGR of 4.0%.

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Soaring Demand for Power with Industrialization Bodes Well for Global Market

The rise of the automotive sector the majority of the emerging economies is the primary growth driver for the alternators market. Emerging economies such as China, India, South Africa, Mexico, Taiwan, and Indonesia are undergoing a massive transformation and are on the cusp of being major manufacturers of automobiles for the next few years.

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The market is also expected to benefit from the soaring demand for power in recent years. Rising investments in the construction industry and the industrial infrastructure sectors, especially in the upcoming economies, has generated lucrative opportunities for alternators.

Application of alternators is seen in industries such as the oil and gas, marine, power plant, stand-by power, mining among others. The report states that the stand-by power industry was the leading segment in 2015. This segment is expected to show its unwavering dominance in the coming years due to increasing demand for stand-by power equipment that requires alternators, in commercial & residential buildings, telecommunication towers, and other industries.

Emerging Economies of Asia Pacific give Global Market Tremendous Scope for Growth

In terms of geography, the global alternators market has been segmented into North America, Europe, Asia Pacific (APAC), South America and Middle-East & Africa (MEA). Though North America held a dominant position in the market in 2015, Asia Pacific is expected to dominate in the coming years. The shift in regional dominance will be due to remarkable growth of the automotive industry in countries such as South Korea and India among others emerging economies of the region.

The key players operating in the global alternators market are Some of the leading players in the market are Valeo Group, Denso Corporation, The Bosch Group, Mitsuba Corporation, Mitsubishi Electric Corporation, Lucas Electrical, Ltd., Controlled Power Technologies, Ltd., Hella KGaA Hueck & Co., ASIMCO Technologies Ltd., Hitachi Automotive Systems, Ltd. (Japan), Cummins, Inc., and Emerson, Electric, Co. among others.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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Albany, NY 12207
Tel: +1-518-618-1030
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