Rising adoption of advanced technologies in automotive sector is driving demand for automotive voltage regulators in India
According to TechSci Research report, “India Automotive Voltage Regulator Market By Vehicle Type, By Functionality, By Region, Competition, Forecast & Opportunities, 2025”, India automotive voltage regulator market is anticipated to cross 30 million units by 2025, owing to its wide usage in voltage control for several smart features introduced in vehicles like, smart fuel saving tips, enhanced gesture control, integration with smartphones in modern vehicles, camera system for parking, various sensors for better safety features, tire pressure monitoring system, etc., as all these advanced features require uniform voltage supply for smooth functioning.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on “ India Automotive Voltage Regulator Market “
Indian automotive voltage regulator market can be segmented based on vehicle type, functionality type and region. In terms of vehicle type, two-wheeler segment accounted for the largest share and the trend is expected to continue in the forthcoming years as well. In terms of functionality type, Mono functionality is the dominating segment in India automotive voltage regulator market, as all two-wheelers have this type of functionality. Based on vehicle type, two-wheeler captured the major share in 2018. This is because most of the people in India prefer bikes due to their affordability, fuel efficiency and low cost of maintenance.
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UNO Minda, Valeo, Denso, TVS Lucas, and Mitsubishi Electric Automotive India Pvt. Ltd. are some of the leading players operating in India automotive voltage regulator market. “Western India dominated the automotive voltage regulator market in 2019, backed by the presence of manufacturing hubs of leading players like, Bajaj Auto, FIAT, Tata Motors, Ashok Leyland, etc., in the region. Moreover, the sales of vehicles in western region are higher compared to other regions of the country.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Automotive Voltage Regulator Market By Vehicle Type, By Functionality, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of India automotive voltage regulator market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India automotive voltage regulator market.
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