Global Automotive Alternator Market 2018-2022
About Automotive Alternator
An automotive alternator is used to charge the automotive battery that supplies power to the electrical and electronic component vehicle, including internal lighting, dashboard controls, antilock braking systems, air conditioning, and external lighting.
Technavio’s analysts forecast the global automotive alternator market to grow to more than 110 million units during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive alternator market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Alternator Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive alternator market: Bosch, Delco, DENSO, MAHLE, Mitsubishi Electric Corporation, and Valeo.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of smart alternators. Changing power requirements of modern vehicles are stimulating vehicle makers to adopt a type of alternator that can adjust its output based on the operating condition of the vehicle. The development of smart alternators increases the scope of converting mechanical energy into electrical energy, thereby decreasing energy consumption.”
According to the report, one driver in the market is rising electronic content within modern automobiles. Vehicle makers are determined at developing highly efficient and futuristic vehicle models that feature advanced technologies to maintain a competitive edge over the product offerings of other competitors. The increasing electronic content is expected to drive the growth of the automotive alternator market in terms of technological advances.
Further, the report states that one challenge in the market is electric vehicles to challenge growth of automotive alternators. Increasing air pollution and rising consumption of petroleum fuels have pushed governing bodies of various countries to invest in developing electric vehicles and building infrastructure to support the use of electric vehicles. Electric vehicles occupy a minor portion within the global automotive market.
Delco Remy (BorgWarner)
Mitsubishi Electric Corporation