The global automotive alternator and starter market will derive growth from the increasing product applications in several countries across the world. The increasing investments in the integration of advanced concepts will emerge in favor of the growth of the market in the coming years. According to a report by Fortune Business Insights, titled “Automotive Alternator and Starter Motor Market Size, Share & Industry Analysis, By Technology Type (Belt Alternator Starter (BAS), Enhanced Starter, Direct-Start, Integrated Starter Generator (ISG)), By Starter Motor Type (Electric, Pneumatic, Hydraulic, Others), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle) and Regional Forecast, 2019-2026,” the market will rise considerably driven by the presence of several large scale companies in several countries across the world.
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Automotive alternator and starter is an essential part of all automotive engines and vehicles across the world. The increasing automobile product in several countries across the world will have a huge impact on the growth of the overall market in the coming years. The increasing product adoption in several regions will create several growth opportunities for the companies in the market. Moreover, the presence of several large scale companies and manufacturing units spread across the world will bode well for the growth of the automotive alternator and starter market in the foreseeable future. Recent technological advancements have yielded products with exceptional operational capabilities, which in turn will lead to a wider product adoption. The use of advanced concepts has enabled products with high efficacies, which in turn, will subsequently contribute to the growth of the market in the coming years.
Massive Investments in the Integration of Advanced Concepts will Bode Well for Market Growth
The report encompasses several factors that have contributed to the growth of the overall avionics market in recent years. Among all factors, the increasing investments in the development of efficient products, through the integration of advanced concepts have made the highest impact on the growth of the market. The increasing number of product launches will constitute an increase in the overall market size in the foreseeable future. In November 2018, Bosch announced the launch of a new product in the automotive starter and alternator space. The company introduced innovative automotive systems ICs. These ICs are application oriented circuits that are developed for use in dedicated purposes. Bosch’s well established consumer range will help the company generate massive revenue in the coming years. Additionally, this product will also encourage other companies in this space to introduce innovative products.
Asia Pacific to Emerge Dominant; Rapid Industrial Development will Aid Market Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rapid industrialization in several countries across this region, including China, India, and Japan will bode well for the growth of the regional market in the coming years. The increasing adoption of automobiles in this region will create several growth opportunities for the companies in this region. The increasing population will also be a pivotal factor in the growth of the regional market. The market in North America will also witness considerable growth in the coming years owing to the increasing vehicle production in this region.
List of companies profiled in the report:
- Valeo S.A.(France)
- Mitsubishi Corporation (Japan)
- Denso Corporation (U.S)
- Motor Corporation of America (U.S)
- Control Power Technology (U.K)
- Robert Bosch GmbH (Germany)
- Lucas Electrical (U.K)
2018: Valeo S.A., announced the launch of a new hybrid system. The company introduced ‘Hybrid4All system,’ a low-power electric engine with a conventional combustion engine, reducing up to 15% in fuel consumption and cutting up the CO2 cost per gram matched to a hybrid in the market.
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