The analysts of Market Research Future have published a report on the global automotive alternator market stating that the market will grow at a CAGR of 5.5% during the year 2022.
The current trend of consumer’s inclusion towards electrification and connectivity has encouraged the global automotive alternator market significantly. In the latest, automakers are striving to develop smart and energy efficient cars. As a result of which, the recent of the latest car modifications have electronic features, requiring to upgrade the alternator system for efficient allocation of power.
Overall, the automotive alternator is used to charge the automotive battery that supplies power to the electric and electronic components of a vehicle. The electronic components are known to be as internal fighting, dashboard controls, anti-lock braking systems, air conditioning, and external lighting.
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Industry/ Innovation/ Related News:
October, 2017 – Remy Power Products announces it has added a new line of starter and alternator part numbers for 2002 to 2016 Sprinter van applications. Remy starters and alternators for Sprinter vans are made for the aftermarket with the same precision as the original equipment. Designed to fit perfectly and perform flawlessly, they are as good, or better, than the parts they replace.
Oct, 2015- DENSO Products and Services Americas, Inc., a division of leading global automotive supplier DENSO Corp., is now shipping PowerEdge, its new series of high-amp alternators developed for medium- and heavy-duty commercial trucks. Compact and fuel-efficient, PowerEdge alternators have a durability rating of more than 400,000 miles.
June, 2015 – Bosch Group plans to realign Starter Motors and Generators division. The division develops and manufactures starters and alternators for passenger cars and commercial vehicles which help reduce fuel consumption, for example as part of the start-stop system. It employs around 6,500 associates at 13 manufacturing sites and multiple sales locations worldwide.
March, 2015- Mitsubishi Electric Corporation announced it will invest approximately 33 million USD, in its subsidiary Mitsubishi Electric Automotive America, Inc. to expand and newly construct facilities for the increased production of high-efficiency alternators. The move is the latest step in an ongoing expansion of Mitsubishi Electric Automotive America, Inc. North American market.
June 2004- Valeo starter-alternator won automotive engineers award. The trophy was presented to the company’s research and development team at the annual reception of the SIA, the French Society of Automotive Engineers, in Paris.
Automotive Alternator Market – Segmentation
The Automotive Alternator Market can be segmented in to three key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type – Single Phase and Three Phase
Segmentation by Vehicle type – Passenger and Commercial
Segmentation by Regions: North America, Europe, APAC and Rest of the World.
Automotive Alternator Market – Regional Analysis
North America and Europe regions are expected to lead due to the technological advancements with respect to the vehicles alternators and increasing production of vehicles across the region. The increase in demand for alternators in the region, owing to rise in production of vehicles, coupled with continuous investment in the market is expected to fuel the demand for automotive alternators during the forecast period.
The Asia Pacific region is expected to grow due to the rapidly expanding automobile sector in the countries such as China and India. Government initiative in foreign direct investments for international automotive players, increasing individual’s disposable income and increase in the purchasing power is expected to drive the market for automotive alternator in the Asia Pacific region.
America, Hella KGaA Hueck & Co., and Lucas Electrical.
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