IMARC

Alternator Market | Growth, Statistics, Industry Type, Manufacturers and Forecast by 2019-24

Press release   •   Feb 07, 2020 06:48 EST

According to the latest report by IMARC Group, titled “Alternators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global alternators market reached a volume of nearly 6 Million Units in 2018. Alternators are devices that convert kinetic energy into electrical energy to power ignition coils, engine fans, headlights, and various parts of fuel injection and air conditioning systems. They are manufactured using two components, namely, a rotor that comprises field poles and a stator. They depend on the working principle of Faraday’s law of electromagnetic induction, wherein the current is induced in the conductor surrounded by a magnetic field when there is relative motion.

The competitive landscape of the market has also been examined with some of the key players being VALEO/S ADR OTCMKTS: (VLEEY), DENSO CORP/ADR OTCMKTS: (DNZOY), Stamford (SMFOY), Leroy Somer and Mecc Alte.

Request Free Sample Report: https://www.imarcgroup.com/alternator-market/requestsample

Increasing consumption of alternating current (AC) in the automotive, marine, and oil and gas industries have boosted the overall sales of alternators. These devices form an integral part of the charging system in vehicles and for powering the engine. Apart from this, with the rising environmental concerns, governments of several countries are adopting stringent standards to reduce fuel and power consumption. This has led to an increase in the demand for smart alternators. The growing investment in grid infrastructure and escalating sales of luxury cars are further driving the global alternators market growth. Looking forward, the market volume is projected to reach more than 8 Million Units by 2024, expanding at a CAGR of 3.3% during 2019-2024.

Market Performance by Type:

  • Electro-Magnet (Induction)
  • Permanent Magnet
  • Others

Market Performance by Voltage

  • 220V-440V
  • More than 440V
  • Less than 220V

Market Performance by Rated Power

  • <1kW
  • 1 kW-5 kW
  • 5 kW-50 kW
  • <50KW-500 kW
  • 500KW-1500 kW
  • 1500KW-5000 kW
  • >5000KW

Market Performance by Fuel Used

  • Fossil fuel
  • Natural

Market Performance by Weight

  • Low Weight
  • Medium Weight
  • High Weight

Market Performance by Application:

  • Industrial Applications
  • Automotive and Transportation
  • Power Generation
  • Standby Power
  • Others

Ask Analyst and Download Full Report with List of Figure: https://www.imarcgroup.com/alternator-market

Other Report by IMARC Group

GCC Dog Food Market Report by 2020-2025
Smart Band Market Report by 2020-2025

Virtual Reality Gaming Market Report by 2020-2025

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group

Tel: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal