Global Alternator Market, By Product (Starter Motor, Alternator), Technology (BAS, Enhanced Starter, Direct Start, ISG), Power Output (1.0-3.0KW, 3.0-5.0KW, >5.0KW), Type (Electric, Gear Reduction), Vehicle Type (ICE, Micro-Hybrid, Hybrid), Voltage Range (Low Voltage, Medium Voltage, High Voltage), Rotor Type (Salient Pole, Smooth Cylindrical), End-User (Oil and Gas, Marine, Power Plant, Stand-By Power, Mining), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Alternator Market
The alternator market is expected to witness market growth at a rate of 6.1% in the forecast period of 2021 to 2028 and is expected to reach USD 231,402.25 million by 2028. Data Bridge Market Research report on alternator market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of automotive sector globally is escalating the growth of the alternator market.
Alternator refers to devices used to convert mechanical energy into electrical energy. They comprise of battery, voltage regulator and alternator and are utilized in generating power for internal and external part of the vehicle. They are known to be the source for the direct electric current in vehicles for ignition, light and fans among others. Alternators assist the car battery to charge it when it is being driven and the energy in the alternator being produced by the electromagnetic induction. These are driven by crankshaft in the engine converting the piston movement into circulator movement.
The rise in the consumption of alternating current in various sectors including automotive, gas and industrial manufacturing and the high demand for alternators are the major factors driving the alternator market. The increasing investment in grid infrastructure in the developing nations, the integration of alternators in the modern vehicles, with the purpose of alternating current and growing number of research and development activities to enhance the performance accelerate the alternator market growth. The surge in vehicle and production of vehicles across the globe, high demand for advanced and modern vehicles and high installation of these products in the vehicles influence the alternator market. Additionally, rapid urbanization, increasing industrialization, consumer prevalence towards luxurious lifestyle and rise in disposable income positively affects the alternator market. Furthermore, integrated starter generator (ISG) and compact clutch integrated pulley for alternators and direct start and technological advancement extend profitable opportunities to the alternator market players in the forecast period of 2021 to 2028.
On the other hand, increasing demand for electric vehicles is a factor expected to obstruct the alternator market growth. Development of an efficient alternator with minimal losses is projected to challenge the alternator market in the forecast period of 2021 to 2028.
This alternator market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on alternator market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Alternator Market Scope and Market Size
The alternator market is segmented on the basis of product, technology, power output, type, vehicle type, voltage range, rotor type and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the alternator market is segmented into starter motor and alternator.
- On the basis of technology, the alternator market is segmented into BAS, enhanced starter, direct start and ISG.
- On the basis of power output, the alternator market is segmented into 1.0-3.0KW, 3.0-5.0KW and >5.0KW.
- On the basis of type, the alternator market is segmented into electric and gear reduction.
- On the basis of vehicle type, the alternator market is segmented into ice, micro-hybrid and hybrid.
- On the basis of voltage range, the alternator market is segmented into low voltage, medium voltage and high voltage.
- On the basis of rotor type, the alternator market is segmented into salient pole and smooth cylindrical.
- On the basis of end-user, the alternator market is segmented into oil and gas, marine, power plant, stand- by power and mining.
Global Alternator Market Country Level Analysis
The alternator market is analyzed and market size, volume information is provided by country, product, technology, power output, type, vehicle type, voltage range, rotor type and end-user as referenced above.
The countries covered in the global alternator market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the alternator market because of the technological advancements in the vehicles alternators and increasing production of vehicles in the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the high production of automobile vehicles, availability of low-cost labor and economic growth in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Alternator Market Share Analysis
The alternator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to alternator market.
The major players covered in the alternator market report 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 among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.