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Latest Report on Automotive Alternator Market Size & Share, Growth, Trends and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Automotive Alternator " market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Automotive alternators are used in new automobiles to power the electrical system and when the engine is running. An alternator supplies the power to run the vehicle ignition, electronics, and lights and to charge the battery. The alternator is one of the most important components of an automotive charging system that powers the engine. An automotive alternator consist of a number of parts including the alternator rotor, the stator, the output diodes, the diode trio, the voltage regulator, the field current supply and the alternator or a battery light. An automotive charging system comprises of three main components including the voltage regulator, an alternator and the battery. The alternator works with the battery to produce power for the electrical parts of a vehicle, such as the instrument panel and the exterior & interior lights. Alternators generates AC power with the help of an electromagnetism mechanism which is produced through the rotor and stator relationship. The electricity is transmitted into the battery, which provides voltage to run the various electrical systems of the vehicle. There are various types of alternators, which are used in the vehicles depends on the make of the car. Luxury cars and emergency vehicles could have high-output alternators because they have electrical systems that require high amounts of electricity such as video systems and luxurious audio.
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.
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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
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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