Global Integrated Starter Generator Market is expected to reach US$ XX Mn by 2026 from US$ XX Mn in 2020 at a CAGR of XX% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Integrated Starter Generator Definition:
The Integrated Starter-Generator (ISG) is a type of generator, which replaces both the conventional starter and alternator (generator) of an automobile in a single electric device. It allows greater electrical generation capacity and the fuel economy and emissions benefits of hybrid electric automotive propulsion. The ISG acts as a bi-directional power converter, changing mechanical energy into electrical energy.
Global Integrated Starter Generator Market Dynamics:
The automotive industry has been investigating alternatives to conventional internal combustion engine-powered vehicles to improve their fuel efficiency and reduce their greenhouse gas emissions. As the electric motor and the battery provide additional power to the ICE, the fuel consumption is reduced without affecting power output. To further save fuel, the engine automatically stops when the vehicle comes to a stop, and starts again automatically when the accelerator is depressed. The battery is recharged using the energy captured during regenerative braking, relieving the IEC of doing all that work, and saving more fuel. All these factors act as the driving factor for the growth of the Global Integrated Starter Generator Market.
Integrated Starter Generator is a less expensive hybrid system due to, which is more likely to appeal to a greater number of mainstream consumers than would more robust and more expensive hybrid systems, at least in the initial phases of market development. As consumers gain a greater understanding of the differences in hybrid technologies, they will be better able to match their need for increased fuel mileage with the most cost-effective system, which is expected to boost the growth of the Global Integrated Starter Generator Market.
The different types of hybrid electric vehicles (HEV) are coming up in the market acting as real competitors of the classical ICE driven cars. In such types of cars hybrid spin-off applications, such as the integrated starter-generator (ISG) is emerging with benefits to hybrid electric vehicles, with little or no cost/performance penalties. Integrated Starter-Generator is an energy-efficient technology for hybrid electric vehicles as most electric vehicles cannot offer high starting torque and high-speed range simultaneously. Because of these benefits, Integrated Starter Generator is used in hybrid electric vehicles.
The high manufacturing cost of the Integrated Starter Generator acts as the major restraint for the Global Integrated Starter Generator Market.
Global Integrated Starter Generator Market Segment Analysis:
The report groups the Global Integrated Starter Generator Market in different segments like By type of hybridization, by application, and by region to forecast the revenues and analyze the market share of each segment over the forecast period.
Global Integrated Starter Generator Market by Application
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Based on application, the Passenger vehicle segment was dominant in 2020 and is expected to command a market share of xx% by 2026. Increasing demand for luxury vehicles and adoption of the latest technology in passenger vehicles is boosting the growth of the Global Integrated Starter Generator Market. The production of passenger vehicles has also increased with the inculcation of technological advancement like the introduction of electric vehicles, and also ISG helps the engine by providing supplementary power during fast acceleration, which is also likely to drive the Global Integrated Starter Generator Market during the forecast period.
Based on the type of hybridization, the Series segment was dominant in 2020 and is expected to command a market share of xx% by 2026. In the series circuit, the ICE drives the alternator and generates a current. It is stored in the battery and runs the motor to drive the wheels. In a parallel circuit, both the ICE and motor drive the vehicle however at cruising speeds only ICE drives the wheels. The series circuit gives high power output and runs with much more efficiency than the parallel circuit, which acts as the driving factor for the growth of the segment.
Global Integrated Starter Generator Market Regional Insights-
Global Integrated Starter Generator Market by Regional
Europe is expected to command the largest market share of xx% by 2026
Europe has the highest plug-in vehicle per capita in the world. The target of Europe is to achieve average CO2 emission for new passenger vehicles, which has positively affected the growth of the sales of hybrid vehicles. Every top-selling car in Europe features a keyless start and automatic stop function.
The Asia Pacific is also expected to witness high growth in the use of integrated starter generators especially in developing economies like China and India. China has been the leading market in the use and manufacturing of hybrid passenger cars. China is considered as the emerging market for hybrid vehicles as the government of China is encouraging people to buy electric vehicles, which is expected to boost the growth of the Global Integrated Starter Generator Market.
The objective of the report is to present a comprehensive analysis of the Global Integrated Starter Generator Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Integrated Starter Generator Market dynamics, structure by analyzing the market segments and projects the Global Integrated Starter Generator Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Integrated Starter Generator Market make the report investor’s guide.
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Global Integrated Starter Generator Market by Scope
Global Integrated Starter Generator Market Key Players:
• Delphi Automotive LLP
• Denso Corporation
• Robert Bosch GmbH
• Hitachi Ltd.
• AISIN SEIKI, Co. Ltd.
• BorgWarner Inc.
• Johnson Controls
• Mitsubishi Electric Corporation
• ZF Friedrichshafen
• Continental AG
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