The Global Automotive starter motor & alternator market is expected to be worth US$38.56 bn by the end of 2021 as compared to US$27.35 bn in 2015. Between the forecast years of 2016 and 2021, the overall market is projected to progress at a CAGR of 3.9%.
Albany, NY -- (SBWIRE) -- 02/10/2017 -- Today, the increasing use of power-hungry options in modern passenger cars is placing exceptional demands on automotive charging systems. One of the most imperative parts of an automobile which includes an automotive alternator and starter motor is the focus of a new report that has been added to the wide database of Market Research Hub (MRH). The title of the study is "Global Automotive Alternator and Starter Motor Market Report 2017" which provides a precise synopsis of the market by underlining some of the major regions including North America, Southeast Asia, Europe, Japan, China and India.
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Also, with the forecast period of 2011 to 2021, the report aims to provide the major information about the global market of the automotive alternator and starter motor. It includes profits, consumption, production, market share and industry growth rate in the above regions. The growth of automobile manufacturing and consumption across the world has also placed a positive impact on the overall market. Moreover, the report also describes the market dynamics affecting the industry and analyzes their impact through the forecast period.
In the initial segment, the report starts by defining the scope and use of starter motor and alternators. These are the most vital component in automobiles or an electric motor which ignites the engine to start. Electric starter motors are extensively used in a number of gasoline and diesel engines. Also, they have become essential units of recent day automobiles and are fixed as stable magnets or a series parallel wound direct current electric motor that contains a starter solenoid.
Furthermore, the report presents a detailed market segmentation, which classifies the market into types and applications. Usage of this automotive alternator and starter motor in passenger cars, commercial vehicles like trucks and buses as well as for construction or agricultural vehicles is boosting day by day. Also, specifications for the components used in alternators as well as starter motors have become superior in response to the installation in vehicles of a rising number of electrical components. Consequently, per unit sales prices have increased.
In addition, application of automotive starter motors and alternators in a new segment of vehicles such as hybrid and electric vehicles is also set to drive the market for the automotive starter motor and alternator across the world.
Moreover, the market competitive analysis among the major players is also highlighted in the report. At present, there are some of the leading players gaining momentum in the market, such as:
Hitachi Automotive Systems
Controlled Power Technologies
Read Full Report with TOC: http://www.marketresearchhub.com/report/global-automotive-alternator-and-starter-motor-market-research-report-2017-report.html
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