According to a new market research report published by sheer analytics and insights, “The Global Alternator/ Synchronous Generator Market was $9.1 Bn in 2020, and it is expected to reach $15.6 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 5.0% between 2021-2031”, as per the latest market research report titled Global Alternator/ Synchronous Generator Market – Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
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With the increased demand of hybrid powertrain systems in vehicles and the strict emission norms are the main factors that will help to accelerate the growth of this market. Besides this the advancement in technology and the strict emission are increased hence original equipment manufacturers (OEMs) will help to shift towards electric vehicles that might restrict the growth of this market. Due to current COVID-19 pandemic there might be a slight difference in the growth rate in the present year.
Geographically, The Global Alternator/ Synchronous Generator Market is divided into global regions like North America, Europe, Asia- Pacific, South America, Middle East, and Africa.
The primary key players in the Global Alternator/ Synchronous Generator Market include Tenneco Inc., DENSO Corporation, Hella KGaA Hueck & Co., Hitachi Automotive Systems Ltd., Lucas Industries PLC, Mitsubishi Corporation, BorgWarner Inc., Robert Bosch GmbH, Valeo.
The Global Alternator/ Synchronous Generator Market Has Been Segmented Into:
Global Alternator/ Synchronous Generator Market, By Product Type
- Less Than Equals To 5KW
- 5KW – 10 MW
- Less Than 10MW
Global Alternator/ Synchronous Generator Market, By Application
- Solar Energy
- Wind Energy
- Hydro Energy
- Biomass Energy
- Ocean Energy
- Geothermal Energy
Global Alternator/ Synchronous Generator Market, By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- South Africa
- Rest of LAMEA
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