LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global automotive alternator market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The research study by Technavio on the global automotive alternator market for 2017-2021 provides detailed industry analysis based on application (passenger cars, large commercial vehicles (LCVs), and medium and heavy commercial vehicle (MHCV)) and geography (APAC, EMEA, and the Americas).
|Technavio analysts forecast the global automotive alternator market to grow to 104.4 million units by 2021, at a CAGR of almost 4% over the forecast period. Passenger cars are the key revenue generators of the automotive alternator market, occupying over 75% of the global market (2016 figures).|
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The top three emerging trends driving the global automotive alternator market according to Technavio automotive research analysts are:
- Penetration of smart charging alternators
- Upgrade to 48V electrical architecture
- Launch of compact and microcars with inflated engine capacity and advanced features
Penetration of smart charging alternators
“The addition of electronic components in modern vehicles has created a demand for powerful batteries. Automotive giants like Ford and BMW have adopted alternators in their vehicles to regulate the battery charge effectively,” says Praveen Kumar, a lead analyst at Technavio for automotive components research.
Ford has introduced the power control module (PCM), and BMW has launched the intelligent alternator control (IAC) to manage the battery operations. The PCM monitors the temperature of the engine, battery, and the total electric demand, and charges the battery to provide the required power, while IAC is used to generate sufficient electricity to power a car's onboard electronic units during braking and overrun situations.
Upgrade to 48V electrical architecture
Stringent automotive regulations regarding the fuel economy and automotive emissions are encouraging original equipment manufacturers (OEMs) to upgrade their vehicles with 48V electric architecture. The upgraded 48V hybrid systems consist of hybrid powertrains, battery controllers, 48V lithium batteries, electric turbochargers, and AC/DC converters.
Europe displays the highest penetration of vehicles using 48V electrical architectures, contributing significantly to the automotive alternator market. Also, the 48V system provides power to items requiring high-power input such as adjustable shock absorbers, air conditioning compressors, and electric coolant pumps.
Launch of compact and microcars with inflated engine capacity and advanced features
“Automotive manufacturers are rebranding the perception of microcars and penetrating emerging markets such as Thailand, Russia, Brazil, and several European countries. The rising sale of these advanced microcars is expected to drive the market growth,” says Praveen.
Automotive manufacturers such as Ford Motors, Daimler, and General Motors are upgrading their compact cars with additional features to penetrate the European market successfully. Also, the introduction of features usually available in premium cars in microcars is expected to increase its adoption further.
Browse Related Reports:
- Global Yacht Battery Market 2017-2021
- Global Automotive Collapsible Steering Column Market 2017-2021
- Global Two-Wheeler Spark Plugs Market 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like automotive electronics, automotive manufacturing, and automotive services. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.