DUBLIN--(BUSINESS WIRE)--The "Alternators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The market volume is projected to exceed 8 Million Units by 2023, expanding at a CAGR of 3.7% during 2018-2023.
Alternators refer to devices which convert mechanical energy into electrical energy. The working principle of alternators depends upon Faraday's law of electromagnetic induction in which the current is induced in the conductor surrounded by a magnetic field when there is a relative motion. Alternators find applications in electric generators; automotive, marine, gas and oil industries; power plants; etc. The global alternators market reached a volume of more than 6 Million Units in 2017.
Due to the increasing consumption of alternating current in different sectors, such as automotive, gas, industrial manufacturing, etc., the demand for alternators has witnessed a positive growth across the globe. Another key growth-inducing factor is the growing investment in grid infrastructure in the developing regions. Apart from this, modern day vehicles are equipped with an alternator which is driven by the engine to provide alternating current. Rising disposable incomes and prevalence of a luxurious lifestyle have led to a surge in the sales of vehicles over the years. Moreover, rising industrialisation along with growth in cogeneration offer new opportunities, thereby creating an attractive market for the alternators.
- Cummins Generator Technologies Ltd. (Stamford-Avk)
- Mecc Alte Alternators Pty. Ltd.
- Leroy Somer Inc.
- Valeo Service
- Denso Corporation
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Alternators Market
6 Market Performance by Type
7 Market Performance by Voltage
8 Market Performance by Rated Power
9 Market Performance by Application
10 Market Performance by Speed
11 Market Performance by Weight
12 Market Performance by End-Use Sector
13 Market Performance by Fuel Used
14 Market Performance by Region
15 Competitive Landscape
16 Key Players Profiles
For more information about this report visit https://www.researchandmarkets.com/research/56j6c8/global?w=4