Industry Background:
Nowadays, automobiles widely use starters and alternators. Alternator is an integral part of an electric system that powers the engine. It continually recharges the battery while the engine is running and also regulated the power back into the battery. The alternator may consist of the various component which includes the stator, alternator rotor, output diodes, voltage regulator, diode trio and the field current supply among others. This maintains the state of charge of the battery so the car is ready to be driven again.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bosch Auto Parts (Germany), Mitsubishi Electric Corporation (Japan), DENSO Corporation (United States), Hitachi Automotive (Japan), HELLA KGaA Hueck & Co (Germany), Prestolite Electric Inc. (United States), Elta Automotive Ltd (United Kingdom), Motorcar Parts of America Inc. (United States), Remy International Inc. (United States), Valeo (France), Mahle Gmbh (Germany) and Cummins (United States) |
This growth is primarily driven by Increasing Electrification of Vehicles and Increase in Vehicle Production.
Globally, a noticeable market trend is evident Emergence of Smart Alternators
Major Vendors, such as Bosch Auto Parts (Germany), Mitsubishi Electric Corporation (Japan), DENSO Corporation (United States), Hitachi Automotive (Japan), HELLA KGaA Hueck & Co (Germany), Prestolite Electric Inc. (United States), Elta Automotive Ltd (United Kingdom), Motorcar Parts of America Inc. (United States), Remy International Inc. (United States), Valeo (France), Mahle Gmbh (Germany) and Cummins (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is subject to intense competition, even in the aftermarket segment, where many small companies are coming up with similar offerings. E-tailing and E-commerce are also helping the aftermarket players register considerable sales.
In 2018, Bosch expands aftermarket range by additional alternator line. The aftermarket range is supplemented with high-performance alternators ranging in power from 1.5 to three kilowatts. and In 2019, DENSO has collaborated with Hitachi Power Semiconductor Device, Ltd. to create a high-efficiency diode for alternators for gasoline and diesel engine cars. Production of alternators equipped with newly developed diodes will begin in FY2019 for vehicles sold in Europe, and will be pushed out to manufacturing group firms worldwide.
Influencing Trend:
Emergence of Smart Alternators, Development of Regenerative Braking Mechanism in Hybrid Vehicles and Demand for OEM launching Compact and Microcars with Inflated Engine Capacity
Market Growth Drivers:
Increasing Electrification of Vehicles and Increase in Vehicle Production
Challenges:
Developing an Efficient Alternator with Minimal Losses
Restraints:
Complex Design and High Cost of Car Alternator
Opportunities:
Rise of High Output Alternator
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Car Alternator Market
- Analysis about New Entrants in Car Alternator Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Car Alternator Study Sheds Light on
The Car Alternator Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Car Alternator industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Car Alternator industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.