Global Integrated Starter Generator Market Overview
The global integrated starter generator market is projected to grow at a significant rate over the forecast period (2021-2026), driven by the increasing demand for fuel-efficient and eco-friendly vehicles. Integrated starter generators (ISGs) are a type of electric motor that is used to start the engine and provide additional power to the vehicle during acceleration. They are commonly used in hybrid and electric vehicles to improve fuel efficiency and reduce emissions.
Meaning of Integrated Starter Generator
An integrated starter generator is an electric motor that is integrated with the vehicle’s engine. It serves two main functions: starting the engine and providing additional power during acceleration. ISGs are commonly used in hybrid and electric vehicles to improve fuel efficiency and reduce emissions. They can also be used in conventional vehicles to improve fuel efficiency and reduce wear and tear on the engine.
Executive Summary
The global integrated starter generator market is projected to grow at a significant rate over the forecast period, driven by the increasing demand for fuel-efficient and eco-friendly vehicles. ISGs are a type of electric motor that is used to start the engine and provide additional power to the vehicle during acceleration. They are commonly used in hybrid and electric vehicles to improve fuel efficiency and reduce emissions. The market is characterized by the presence of several key players, including Bosch, Denso Corporation, Hitachi Automotive Systems, and Valeo.
Important Note:ย The companies listed in the image above are for reference only. The final study will cover 18โ20 key players in this market, and the list can be adjusted based on our clientโs requirements.
Key Market Insights
- The global integrated starter generator market is expected to grow at a CAGR of 7.5% over the forecast period (2021-2026).
- The market is driven by the increasing demand for fuel-efficient and eco-friendly vehicles.
- ISGs are commonly used in hybrid and electric vehicles to improve fuel efficiency and reduce emissions.
- The Asia-Pacific region is expected to dominate the market over the forecast period, driven by the increasing demand for hybrid and electric vehicles in countries such as China and India.
- The market is characterized by the presence of several key players, including Bosch, Denso Corporation, Hitachi Automotive Systems, and Valeo.
Market Analysis
The global integrated starter generator market is driven by the increasing demand for fuel-efficient and eco-friendly vehicles. ISGs are commonly used in hybrid and electric vehicles to improve fuel efficiency and reduce emissions. The market is characterized by the presence of several key players, including Bosch, Denso Corporation, Hitachi Automotive Systems, and Valeo.
Market Drivers
- Increasing demand for fuel-efficient and eco-friendly vehicles
- Growing demand for hybrid and electric vehicles
- Advancements in technology
Market Restraints
- High cost of integrated starter generators
- Lack of infrastructure for electric vehicles in developing countries
- Limited range of electric vehicles
Market Opportunities
- Growing demand for hybrid and electric vehicles in emerging economies
- Increasing focus on reducing emissions
- Advancements in battery technology
Market Dynamics
The global integrated starter generator market is driven by several factors, including the increasing demand for fuel-efficient and eco-friendly vehicles, growing demand for hybrid and electric vehicles, and advancements in technology. However, the market is restrained by factors such as the high cost of integrated starter generators, lack of infrastructure for electric vehicles in developing countries, and limited range of electric vehicles. Opportunities in the market include the growing demand for hybrid and electric vehicles in emerging economies, increasing focus on reducing emissions, and advancements in battery technology.
Regional Analysis
The Asia-Pacific region is expected to dominate the global integrated starter generator market over the forecast period, driven by the increasing demand for hybrid and electric vehicles in countries such as China and India. North America and Europe are also expected to grow at a significant rate over the forecast period, driven by the increasing adoption of hybrid and electric vehicles.
Competitive Landscape
Leading Companies in the Global Integrated Starter Generator Market:
- Bosch Limited
- Denso Corporation
- Valeo Group
- Mitsubishi Electric Corporation
- Continental AG
- BorgWarner Inc.
- Hitachi Automotive Systems, Ltd.
- Mahle GmbH
- Valeo Siemens eAutomotive Germany GmbH
- Delphi Technologies
Please note: This is a preliminary list; the final study will feature 18โ20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.
Segmentation
The global integrated starter generator market can be segmented based on type, vehicle type, power output, and region. By type, the market can be segmented into belt-driven integrated starter generator and crankshaft integrated starter generator. By vehicle type, the market can be segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. By power output, the market can be segmented into up to 5 kW, 5-10 kW, and above 10 kW.
Category-wise Insights
Based on vehicle type, the passenger car segment is expected to dominate the market over the forecast period, driven by the increasing demand for fuel-efficient and eco-friendly vehicles. Based on type, the belt-driven integrated starter generator segment is expected to dominate the market over the forecast period, driven by its lower cost and ease of integration.
Key Benefits for Industry Participants and Stakeholders
Industry participants and stakeholders in the global integrated starter generator market can benefit from the growing demand for hybrid and electric vehicles, advancements in technology, and increasing focus on reducing emissions. Key benefits include increased revenue, market share, and profitability.
SWOT Analysis
Strengths:
- Growing demand for fuel-efficient and eco-friendly vehicles
- Advancements in technology
- Increasing focus on reducing emissions
Weaknesses:
- High cost of integrated starter generators
- Limited range of electric vehicles
- Lack of infrastructure for electric vehicles in developing countries
Opportunities:
- Growing demand for hybrid and electric vehicles in emerging economies
- Advancements in battery technology
- Increasing adoption of electric vehicles in developed countries
Threats:
- Intense competition among key players
- Fluctuations in raw material prices
- Stringent government regulations
Market Key Trends
- Increasing demand for fuel-efficient and eco-friendly vehicles
- Growing adoption of hybrid and electric vehicles
- Advancements in technology
Covid-19 Impact
The global integrated starter generator market was impacted by the Covid-19 pandemic, with production and sales of vehicles declining due to the disruption in supply chains and the closure of manufacturing facilities. However, the market is expected to recover in the coming years, driven by the increasing demand for fuel-efficient and eco-friendly vehicles.
Key Industry Developments
- In 2020, Bosch developed a 48-volt hybrid system that includes an integrated starter generator, power electronics, and a battery pack. The system is designed to improve fuel efficiency and reduce emissions in conventional vehicles.
- In 2019, Denso Corporation and Aisan Industry Co. Ltd. formed a joint venture to develop and manufacture integrated starter generators for hybrid and electric vehicles.
- In 2018, Valeo developed an integrated starter generator that uses a 48-volt motor to provide additional power during acceleration.
Analyst Suggestions
Industry analysts suggest that key players in the global integrated starter generator market should focus on product innovation, partnerships, and collaborations to expand their market share. They also suggest that companies should focus on developing integrated starter generators for commercial vehicles, as the market for these vehicles is expected to grow in the coming years.
Future Outlook
The global integrated starter generator market is expected to grow at a significant rate over the forecast period, driven by the increasing demand for fuel-efficient and eco-friendly vehicles. The market is expected to be dominated by the Asia-Pacific region, driven by the increasing demand for hybrid and electric vehicles in countries such as China and India. Key players in the market are expected to focus on product innovation, partnerships, and collaborations to expand their market share.
Conclusion
The global integrated starter generator market is projected to grow at a significant rate over the forecast period, driven by the increasing demand for fuel-efficient and eco-friendly vehicles. ISGs are a type of electric motor that is used to start the engine and provide additional power to the vehicle during acceleration. They are commonly used in hybrid and electric vehicles to improve fuel efficiency and reduce emissions. The market is characterized by the presence of several key players, including Bosch, Denso Corporation, Hitachi Automotive Systems, and Valeo.