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Global alternator market. boosted by growing investment in construction industry

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High use of electronics and increased disposable income which has led to increased demand of luxury cars in emerging economies is fuelling the growth of the global alternator market. Moreover, rising demand for engine and turbines and growing investment in construction industry are also expected to drive the growth of the market.

Global Alternator Market is expected to reach $29.9 billion by 2024 from $20.1 billion in 2016, growing at a CAGR of 5% from 2016 to 2024. By geography, RoW and Asia-Pacific are expected to grow at a CAGR of 6.1% and 5.3%, respectively, during the forecast period.

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Increase in per capita income and high use of electronics has led to increased demand of luxury cars in emerging economies is the major driving factors in the growth of the market. Moreover, growing investment in construction industry and rising demand for turbines and engines may also fuel the growth of the market.

The global alternator market is segmented on the rotor type, starter type, and vehicle type. In the year 2016, by rotor type segment, smooth cylindrical hold the share of 20.5%.

Furthermore, by end user, oil & gas and powerplant accounted for 6.50% and 11.03% respectively, in the year 2016.

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Geographically the market is categorized into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia-pacific dominates the alternator market with the highest share of 34% followed by Europe with 27%, in the year 2016.

The key market players include Hitachi Automotive, Valeo SA, Robert Bosch GmbH, Denso Corporation, Lucas Electrical, Cummins, Inc., Motor Corporation of America Mitsuba Corporation, Mitsubishi Electric Corporation, and Hella KGaA Hueck & Co. among others.

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Scope of Alternator Market

  • Low Voltage (0V-1000V)
  • Medium Voltage (1001V-4160V)
  • High Voltage (4161V-15000V)

Voltage Range Segments

  • Salient Pole
  • Smooth Cylindrical
  • Others

Rotor type Segments

  • Salient Pole
  • Smooth Cylindrical
  • Others

End-User Segments

  • Oil & Gas
  • Marine
  • Power Plant
  • Stand-By Power
  • Mining
  • Others

Geography Segments

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Others
  • RoW
  • South America
  • Middle East
  • Africa 

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