Automotive Alternator Market in the APAC Region 2015-2019
About Automotive Alternator Market
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.
TechNavio's analysts forecast the Automotive Alternator market in the APAC to grow at a CAGR of 6.17 percent by revenue over the period 2014-2019.
Covered in this Report
TechNavio's report, the Automotive Alternator Market in the APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
TechNavio Announces the Publication of its Research Report – Automotive Alternator Market in the APAC Region 2015-2019
TechNavio recognizes the following companies as the key players in the Automotive Alternator Market in the APAC Region: Bosch Corp., Denso Corp., Hella KGaA Hueck & Co. and Mitsubishi Electric Corp.
Other Prominent Vendors in the market are: Hitachi, Letrika Suzhou, Lucas, Prestolite Electric, Remy International, Valeo, Wonder Auto Technology, Yuanzhou and Zhejiang Dehong Automotive Electronic & Electrical.
Commenting on the report, an analyst from TechNavio’s team said: “Advances in technology in alternators is one key trend that has been prevalent in the Automotive Alternator market in the APAC region. With the rise in disposable incomes, demand for luxury cars has increased. These cars are equipped with high-quality components that require a lot of electricity. This has led to the development of alternators that have a high power output.”
According to the report, the Automotive Alternator market in the APAC region has taken center stage because of the rise in use of electronic components in automobiles, which is proving to be beneficial for the market. Advances in technology have ensured the development of efficient alternators and also led to the development of high-output alternators that are in demand for customized cars, luxury cars, and high-performance cars.
Further, the report states that rising raw material prices is one of the major challenges faced by vendors in this market. Prices of raw materials such as metals, which are used in the manufacturing of alternators, have increased and are affecting the profitability of alternator manufacturing companies.
Bosch Group, Denso Corporation , Hella KGaA Hueck , Mitsubishi Electric , Hitachi , Letrika Group, Lucas Electrical, Ningbo Yuanzhou Auto Electric Equipment , Prestolite Electric , Remy International , Valeo , Wonder Auto Technology , Zhejiang Dehong AutomotiveElectronic& Electrical