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.
In 2019, the market size of Automotive Alternator is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of 4.2% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Alternator.
This report studies the global market size of Automotive Alternator, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Automotive Alternator production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
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
Market Segment by Product Type
ICE Vehicles
Hybrid and Electric Vehicles
Market Segment by Application
Passenger cars
Commercial vehicles
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Automotive Alternator status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Automotive Alternator manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies 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 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 are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Automotive Alternator. Industry analysis & Market Report on Automotive Alternator is a syndicated market report, published as Global (United States, European Union and China) Automotive Alternator Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Automotive Alternator market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.