Global Alternator Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

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.

Access Full Report at https://databridgemarketresearch.com/reports/global-alternator-market/

Global Alternator Market

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.

 Segmentation: Global Alternator Market

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

  • In January 2019, Denso at Heavy Duty Aftermarket Week launched their PowerEdge brand of starters, alternators, DPF/DOC for Class 8 trucks. They have website PowerEdgeProducts.com where information about the applications will be available. The main aim is provide the heavy duty market the best technology at best price.
  • In February 2017, Cummins Generator technologies were set to launch their new product STAMFORD S- Range of alternators. This new product will have CoreCooling technology which will increase the density, quality and reliability of the application and hav 3 year of warranty as well.

Key Market Competitors: Global Alternator Market

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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