According to Data Bridge Market Research new Market report, Global Alternator Market will account to an estimated USD 22.02 billion in 2018 growing at a CAGR of 5.23% during the forecast period of 2019 to 2026.
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Global Alternator Market
Alternator is a type of component that is used for the conversion of mechanical energy into electrical energy. Their applications in automotive is for the charging of the battery and the accompanying electrical systems. These alternators are driven by the power of the engine and are solely dependent on developing this energy upon the operations of the engine.
Global alternator market is segmented on the basis of voltage range, rotor type, end-user and geography.
By Voltage Range (Low Voltage, Medium Voltage, High Voltage), Rotor Type (Salient Pole, Smooth Cylindrical), End-User (Oil & Gas, Marine, Power Plant, Stand-By Power, Mining) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN ALTERNATOR MARKET
Enhanced products and services launched by the manufacturers
Few of the major competitors currently working in the alternator market are Robert Bosch GmbH, Mituba Corp., Motor Club of America, Hitachi Automotive Systems, Ltd., DENSO CORPORATION, Elta Automotive Ltd Company, Valeo, HELLA GmbH & Co. KGaA, Cummins, Inc., Mitsubishi Electric Corporation, MAHLE GmbH, Stamford, Nidec Motor Corporation, MECC ALTE SPA, HHI, Lucus Electrical.
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Global Alternator Market – Industry Trends and Forecast to 2026