Automotive Alternator Market Research Report Information by Type (Single Phase and Three Phase), by Technology (Belt-driven alternator), by Vehicle Type (Passenger and Commercial) and by Region - Forecast to 2030

Automotive Alternator Market Scenario

Automotive alternator Market is expected to show a growth USD 23,180 million at aCAGR of about 6.02% from 2022 to 2030. Automotive alternator is a generator which generates power to the electrical component of the vehicle. The increasing usage of electrical power in the cars and the rise in electrical and electronics device in the vehicles is expected to surge the market for automotive alternator. Moreover, increasing global demand for vehicles has a significant contribution in the growth of automotive alternator market. Asia-Pacific is estimated to have the largest market for automotive industry due to government initiated FDI for international automotive players, favorable economic conditions, and presence of major automotive manufacturing industries which in turn is expected to drive the demand in the automotive alternator industry.

The report for Global Automotive alternator Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Key Players

The key players of Global Automotive alternator Market report include- Valeo, Denso, Bosch, Remy, ISKRA, Mando, Mitsubishi, Hitachi Automotive, Magneti Marelli, Motorcar Parts of America, Hella KGaA Hueck & Co., and Lucas Electrical

Automotive Alternator Market Industry Developments

In April 2024, Sea Machines Robotics, a prominent company in marine technology, introduced SELKIE, their newest unmanned surface vehicle (USV), with the potential to revolutionize several industries. SELKIE represents a crucial breakthrough in autonomous maritime technology. The uses of this technology encompass hydrographic surveys, offshore asset inspections, and investigations into environmental and security concerns. The initial iteration, known as the SELKIE 7, features a 7-meter hull made of high-density polyethylene (HDPE) and is controlled by Sea Machines' leading SM300 Autonomous Command and Control System. This system offers operators advanced autonomous capabilities, allowing for smooth transitions between unmanned autonomous mode and human manual navigation. SELKIE is powered by a 12V battery with a total capacity of 4.7 kilowatt-hours (kWh), supplemented by 1.5 kWh from the engine alternator and 3.2 kWh from an auxiliary diesel generator. This power configuration allows the USV to travel a distance of up to 500 nautical miles and remain operational for a maximum of fifteen days, hence increasing the range of potential applications.

In December 2023, Stellantis N.V. and Valeo commemorate their collaboration and dedication to the Circular Economy business model by introducing the first remanufactured automobile video camera installed on the windshield. This achievement is made possible via the efforts of Valeo Circular Electronics Lab in Nevers. Stellantis and Valeo have a longstanding partnership and are dedicated to preserving natural resources while also creating commercial benefit. Stellantis aims to take a leading position in the industry by achieving Carbon Net Zero by 2038. The adoption of a Circular Economy is crucial in both companies' plans, and Remanufacturing serves as a primary catalyst in reaching this objective. Remanufacturing is a defined industrial procedure that increases the lifespan of a used product by restoring it to its original performance and functionality. Additionally, it ensures a uniform level of excellence and efficiency, accompanied by an identical warranty to that of new components. Its reliability renders it an essential element of the circular economy methods employed by both organizations. Valeo, with its extensive worldwide presence, possesses four decades of expertise in the remanufacturing of mechanical components. The remanufacturing portfolio includes a range of products such as starters, alternators, air conditioning compressors, brake calipers, dual mass flywheels, torque converters, heavy duty clutches, and dual wet clutches, offered through a comprehensive all-brands program.

Regional Analysis

Asia-Pacific is the major regions for the automotive alternator market. Asia-Pacific is expected to be fastest growing market for the automotive alternator. Emerging economies like China, India, and South Korea are expected to drive the market due to government initiative in FDIs for international automotive players, increasing individual’s disposable income & purchasing power is expected to drive the market for automotive alternator. It is followed by European region due to presence of biggest automotive players in the region.

The report covers brief analysis of country level market information –

• North America
  
  
  
  • U.S.
  
  
  • Canada
  
  
  • Rest of North America
  
  
  
  


• Europe
  
  
  
  • U.K.
  
  
  • Germany
  
  
  • France
  
  
  • Sweden
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of World
  
  
  
  • Brazil
  
  
  • Saudi Arabia
  
  
  • Others
  
  
  
  

Automotive alternator Market, by Region (USD Million)

Target Audience

• Manufacturers of Automotive alternator


• Traders, distributors, and automotive alternator suppliers


• Government and research organization


• Investment bankers and M&A Consultants

Geographic Analysis

• Geographical analysis across 17 countries

Company Information

• Profiling of 10 key market players


• SWOT analysis, and strategy  information of top five players in the market


• Competitive landscape including emerging trends adopted by major companies