Global Alternators Market: Strengthening Emerging Economies to Offer Tremendous Scope for Growth, predicts TMR Transparency Market Research states that the top three players in the global alternators market held a share of 20% in the overall market in 2015. Emerson Electric, Co., Denso Corporation, and Valeo SA have had a noticeable share in the market due to their strong foothold in the automotive industry, which is the largest consumer of alternators. “Companies must focus on the construction in emerging economies of the Middle East and Africa during the forecast period to gain a competitive edge over others,” states the lead author of this research report. Focus on research and development is also expected to remain the mainstay of the majority of the players in the market to deliver product innovation to consumers. According to the research report, the global alternators market is expected to be worth US$28.9 bn by the end of 2024 as compared to US$20.3 bn in 2015. During the forecast years of 2016 and 2024, the global alternators market is expected to progress at a CAGR of 4.0%. Asia Pacific Promises Lucrative Growth Opportunities to Global Market On the basis of voltage range, the global market is segmented into low voltage, medium voltage, and high voltage. Of these, the low voltage alternator segment is expected to remain the leading segment due to its soaring demand in the automotive sector. Analysts anticipate that the low voltage segment is expected to progress at a CAGR of 3.7% during the forecast period. The growing demand for back-up power in several emerging economies is also expected to fuel the demand for low voltage alternators during the forecast years. Get Sample Copy of this report https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6814 Geographically, this market is segmented into Europe, North America, Asia Pacific, South America, and the Middle East and Africa. Of these, North America held a dominant share in the global market and is projected to surge at a CAGR of 3.6% during the forecast period, in terms of revenue. The report indicates that Asia Pacific will also be an emerging opportunity for the overall market in the coming years due to the strengthening economies in the region. Automotive Sector Fuels Adoption of Alternators The global alternators market is expected to receive a massive impetus from the booming automotive sector in the emerging economies of China, South Africa, India, Mexico, Indonesia, and Taiwan. The increasing production of vehicles in these countries is likely to offer several lucrative opportunities to the alternators market during the forecast period. The increasing automotive sales are also expected to complement the uptake of alternators in the near future. Get Table of Content @ https://www.transparencymarketresearch.com/report-toc/6814 The insatiable demand for power across the globe is yet another reason for the growing adoption of alternators in various industrial sectors. The demand for power is expected to rise as the investments are slated to grow in construction and infrastructural sectors. Furthermore, rising expenditure in the utility sector is also expected to have a positive impact on the global alternators market. About Us Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations U.S. Office Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: www.transparencymarketresearch.com