India automotive voltage regulator market is expected to reach 30 million units by FY2025. Automotive voltage regulator is a device which regulates the voltage produced by automotive alternator to protect electrical circuits and different components of a vehicle like, wiring system, lights, motors that drive power accessories. Automotive voltage regulator is a critical device in a vehicle for providing all type of advanced mechanisms like, stability control system, camera system for parking, various sensors for better safety features, tire pressure monitoring system, as all these advanced features requires uniform voltage supply for smooth functioning. Continuous advancements in technology and introduction of several smart features like, smart fuel saving tips, enhanced gesture control, integration with smartphones in vehicles, require uniform voltage supply, which is leading to growing adoption of automotive voltage regulators in India.
India automotive voltage regulator market is segmented in vehicle type, functionality type and regional distribution. Based on the vehicle type, Indian automotive voltage regulator market can be classified into PC, LCV, M&HCV and two-wheeler. Two-wheeler is the dominant vehicle type in 2019 and is expected to continue its leading position in the coming years as well mainly due to increase in two-wheeler sales and growing demand from youth population.
In terms of regional analysis, market can be segmented into North, South, East and West Western India dominates the India voltage regulator market, followed by Southern, Northern and Eastern region. This is because of most of the automotive companies have their manufacturing plants in western part of India and the sales of vehicles in western part are also high. Major players operating in Indian automotive voltage regulator market includes UNO Minda, Valeo, Denso, TVS Lucas, Mitsubishi Electric Automotive India Pvt. Ltd., etc.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
- To analyze and forecast Indian automotive voltage regulator market size.
- To classify and forecast Indian voltage regulator market based on vehicle type, functionality type, component type and regional distribution.
- To identify drivers and challenges for Indian automotive voltage regulator market.
- To conduct the pricing analysis for Indian automotive voltage regulator market.
- To identify and analyze the profile of leading players operating in Indian automotive voltage regulator market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of automotive voltage regulator manufacturers. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and presence of all major manufacturers across India.
TechSci Research calculated Indian automotive voltage regulator market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Automotive voltage regulator manufacturers, suppliers and other stakeholders
- Automobile OEMs
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to automotive components
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Indian automotive voltage regulator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by Vehicle Type:
o Passenger Car
o M & HCV
- Market, by Functionality Type:
o Mono Functionality
o Multi Functionality
o LIN Functionality
- Market, by Region:
Company Profiles: Detailed analysis of the major companies present in Indian automotive voltage regulator market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).