Global Alternator Market Report, published by Variant Market Research, forecast that the global 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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Some of the factors driving the growth of the global alternator market are increasing disposable income and rise in use of electronics which has led to growing demand for luxury cars in developing economies. Though, increasing production of hybrid vehicles restricts the market growth. Besides, growing demand for engines & turbines, and increase in adoption of electric vehicles which had led to reduction in air pollution is further expected to escalate the demand for alternator market.

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The global alternator market is classified into rotor type, voltage range, end-user and geography. Rotor type segment is further categorized into smooth cylindrical, salient pole, and others. By voltage range the market is bifurcated into low voltage (0V-1000V), medium voltage (1001V-4160V) and high voltage (4161V-15000V). Furthermore, end-user is segmented into marine, oil & gas, power plant, mining, stand-by power, and others.
In the rotor type segment, smooth cylindrical dominated the market with highest share of 20.5%, in the year 2016. Also in 2016, by end-user, power plant and oil & gas accounted for the market share of 11.03% and 6.50% respectively.
By geography, the global alternator market is majorly classified into North America, Europe, Asia Pacific, and Rest of the World (RoW). Wherein, Rest of the World (RoW) is the fastest growing region with respect of CAGR in the global alternator market, and is projected to endure this trend driven by, rapid growth in urbanization and increasing oil & gas sector. Moreover, Asia Pacific dominated the market with largest share of 34% followed by Europe with 27%, in the year 2016.
The key market players include Lucas Electrical, Denso Corporation, Cummins, Inc., Robert Bosch GmbH, Motor Corporation of America, Mitsuba Corporation, Hitachi Automotive, Valeo SA, 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
o US
o Canada
o Mexico

• Europe
o Germany
o France
o United Kingdom
o Spain
o Others

• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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