Marine Alternators and Motors Market: Excessive Growth Opportunities Estimated To Be Experienced 2018 - 2026
According to a new market report published by Transparency Market Research titled “ Marine Alternators & Motors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, ” the global marine alternators & motors market is expected to reach US$ 7.2 Bn by 2026, expanding at a CAGR of 5.6% from 2018 to 2026. Asia Pacific held the highest market share in the global marine alternators & motors market in 2017. Marine alternators use mechanical energy from the spinning pulley to produce electrical energy. Alternators tend to be more reliable than generators, largely because of the difference in how they each use rings and brushes. DC generators use split rings, which cause the brushes to wear more quickly; the brushes rub against the break in the ring. An alternator uses solid rings, which experience less wear and tear. Various ship operators are utilizing renewable energy, including solar energy, as a storage opti...