Automotive Alternator Market (Updated Version Available)

Report Overview

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 cars 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.
This research report gives detailed data about the major factors influencing the growth of the Automotive Alternator market at the national and local level forecast of the market size, in terms of value, market share by region, and segment; regional market positions; segment and country opportunities for growth; Key company profiles, SWOT, product portfolio and growth strategies. It studies the market\'s essential sides such as top participants, expansion strategies, business models, and other market features to improve market insight.

The report forecast global Automotive Alternator market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Automotive Alternator market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.


First, this report covers the present status and the future prospects of the global Automotive Alternator market for 2015-2027.
Market Segmentation
The Automotive Alternator market is segmented on the basis of type, application, end-use industry, and region & country.
Key Companies
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
At the same time, we classify Automotive Alternator according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market by Order Type
ICE Vehicles
Hybrid and Electric Vehicles
Market by Application
Passenger cars
Commercial vehicles

Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Automotive Alternator market for the forecast period 2021 - 2027?
• What are the driving forces in the Automotive Alternator market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Automotive Alternator industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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