Alternators are one of the most vital components of an automotive charging system. The other components of automotive charging systems are the battery and the voltage regulator. Vehicles are equipped with many electrical and electronic components, which are powered by the coordinated arrangement of the battery and alternator. Automotive alternators generate alternating current through electromagnetism; the electricity that is generated in an alternator is channeled to the battery, which assists in running several electrical systems. There are two types of alternator: three-phase alternators and single-phase alternators. The type of alternator that is used in a passenger car depends on how it is manufactured.
One of the primary drivers for this market is the exponentially increasing sales of passenger cars. The sale of passenger cars is directly correlated with the market growth of automotive alternators as all passenger cars are equipped with alternators. The passenger cars segment contributes to the majority share in the automotive alternator market. In 2015, SUVs and crossovers accounted for the majority of the sales in the Chinese and the European passenger cars market. Increasing preference for fuel efficiency and the comfort of traveling in three-row seats in crossovers and SUVs are the main drivers for the growth of the SUVs and crossovers market in several countries across the globe. Moreover, the lowering interest rates on car loans in countries like the US and Canada is expected to further propel the growth of the automotive alternator market during the forecast period.
One of the latest trends gaining traction in this market is the rising popularity of smart charging alternators. Ford has developed a car alternator that is controlled by a power control module (PCM) that regulates the amount of battery charged by the alternator. The PCM monitors the temperature of the engine, battery, and the total electric demand for running the interior automotive electronic components and charges the battery to provide the required power. In the luxury car segment, BMW has equipped its vehicles with intelligent alternator control (IAC) to generate sufficient electricity to power a car's onboard electronic units during braking and overrun situations. This power management of the system allows more power to be available during dynamic driving, involving quick acceleration. As a result of these technological advancements, the automotive alternator market is expected to grow in the next few years.
Global Automotive Alternator market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of 4.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive Alternator.
This industry study presents the global Automotive Alternator market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive Alternator production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Alternator in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Bosch, Bright, etc.
The following manufacturers are covered in this report:
Bosch
Bright
Dehong
Denso
Hitachi
Huachuan Electric Parts
Iskra
Jinzhou Halla Electrical
Magneti Marelli
Mando
Mitsubishi
Motorcar Parts of America
Prestolite Electric
Remy
Unipoint Group
Valeo
Wuqi
Yuanzhou
Yunsheng
Automotive Alternator Breakdown Data by Type
ICE Vehicles
Hybrid and Electric Vehicles
Automotive Alternator Breakdown Data by Application
Passenger cars
Commercial vehicles
Automotive Alternator Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Automotive Alternator Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Automotive Alternator status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Automotive Alternator manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Automotive Alternator :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (M Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive Alternator market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Automotive Alternator . Industry analysis & Market Report on Automotive Alternator is a syndicated market report, published as Global Automotive Alternator Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Automotive Alternator market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.