The latest Global Alternator Market research report released by Data Bridge Market is a detailed study of the essential features of the Alternator Market which provides an agile understanding of the overall market. This report helps the market players to expand market opportunities which are sometime remain hidden in the market. It likewise enables them to acquire knowledge regarding the recent market events such as new product launch, mergers, acquisition and partnership. The measurements offered in this report serves as exact and valuable tool for shaping the business development. The report starts with a concise presentation and market outline, in which the Alternator Market is first characterized before assessing its market degree and size.
Global Alternator Market is expected to rise from its initial estimated value of USD 22.02 billion in 2018 to an estimated value of USD 33.10 billion by 2026, registering a CAGR of 5.23% in the forecast period of 2019-2026. The increase demand of the alternative current in automotive, industrial etc. is the major factor for the growth of this market.
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Few of the major competitors currently working in alternator market 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.
To convert mechanical energy into electrical energy, a device is used called alternator. They are made up of battery, voltage regulator and alternator. Battery is used to generate power for internal and external part of the vehicle. They are the source for the direct electric current in vehicles for ignition, light, fans etc. Alternators let the car battery to charge it when we are driving it. The energy in the alternator is produced by the electromagnetic induction. They are driven by crankshaft in the engine which converts the piston movement into circulator movement.
Key Developments in the Market:
In January 2019, Denso at Heavy Duty Aftermarket Week launched their PowerEdge brand of starters, alternators, DPF/DOC for Class 8 trucks. They have website PowerEdgeProducts.com where information about the applications will be available. The main aim is provide the heavy duty market the best technology at best price.
In February 2017, Cummins Generator technologies were set to launch their new product STAMFORD S- Range of alternators. This new product will have CoreCooling technology which will increase the density, quality and reliability of the application and have 3 year of warranty as well.
Competitive Analysis: Global Alternator Market
Global alternator market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of alternator market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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- Alternator usually requires less maintenance.
- Due to the improved efficiency and constructional features the small unit provide the required output.
- Sometime when alternator begins to fail can cause many electrical problems in the car and can cause breakdown.
- As massive voltage is required to supply fixed amount of power is the reason they have high amount of insulations.
Segmentation: Global Alternator Market
By Voltage Range
- Low Voltage (0V- 1000V)
- Medium Voltage (1001V- 4160V)
- High Voltage (4161V- 15000V)
By Rotor Type
- Salient Pole
- Smooth Cylindrical
By End- User
- Oil & Gas
- Power Plant
- Stand- By Power
- North America
- South America
- Middle East and Africa
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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