Global Start/Stop System 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.
Start/Stop System Definition:
The Start/Stop system is designed to improve fuel economy by automatically stopping the internal combustion engine (ICE), for the period of idle phases when it is not required for tractive effort, and then restarting it when required. There are different strategies for an S/S system. Strategies can be classified as stop in neutral (SIN), stop in gear (SIG), and stop in a drive (SID). Stop-start systems combine smart electronic controls with a more robust battery, alternator, and starter system, as compared to conventional vehicles.
Global Start/Stop System Market Dynamics:
The major challenges currently faced by the automotive industry such as the increasing fuel prices and regulations on pollutants and CO2 emissions motivate the research and development of hybrid electric vehicles. For electric vehicles, it is difficult to establish a market presence in near future due to range and price handicaps.
At present, hybrid and micro-hybrid systems became widespread due to fuel economy benefits and environmental concerns. Micro-Hybrid systems such as Stop/Start (S/S) systems are commonly used systems in the automotive industry, which acts as the driving factor for the growth of the Global Start-Stop System Market.
Idle stop-start technology reduces fuel consumption and exhaust emissions by turning off the engine when the vehicle is idling and during deceleration at low speeds. This technology reduces fuel consumption during city driving by 4 to 10% or more, depending on the extent of technology used and specific driving conditions.
Idle stop-start technology can reduce fuel consumption and emissions in city driving by 4 to 10% or more, compared to a vehicle using conventional technology. Over 10 years, this reduction corresponds to fuel cost savings of approximately $340 to $2,000 and carbon dioxide (CO2) reductions of 610 to 3 540 kg, which have increased the demand for start-stop systems globally.
Vehicle drivers expect minimal lag at startup, with smooth acceleration and deceleration under all conditions, and continuous operation of heating, air conditioning, and other electrically powered systems. These demands require appropriate driver controls and sophisticated idle-stop electronics to monitor and control a host of unseen systems, such as maintaining hydraulic pressure in the automatic transmission or positioning the pistons once the engine stops to ensure smooth operation and rapid restart. The electrical system is also monitored to ensure that the vehicle does not turn off the engine if the battery cannot supply enough current to restart the engine and/or power the auxiliary accessories.The number of starting operations to be performed by a starter motor in a vehicle with the S/S technology has increased considerably in comparison with that of a conventional vehicle. All these factors are contributing to the growth of the Global Start-Stop System Market.
Global Start-Stop System Market Segment Analysis:
The report groups the Global Start-Stop System Market in different segments like by component, by application, and by regionto forecast the revenues and analyze the market share of each segment over the forecast period.
Based on vehicle type, passenger and commercial vehicles are the two segments of the market. The Passenger vehicle segment was dominant in 2019 and is expected to command a market share of xx% by 2026. Passenger vehicles are lighter than commercial vehicles. The sub-segmentation of passenger vehicles are sedans, multipurpose vehicles, hatchback cars, and sport utility vehicles. The commercial vehicles segment is majorly split into lightweight commercial vehicles and heavy commercial vehicles.
Based on components, the wheel speed sensor segment was dominant in 2019 and is expected to command a market share of xx% by 2026. Government regulations to mandate the use of anti-lockingand increasing consumer’s safety concerns braking systems is leading to the growth of this segment. The battery segment is also expected to witness high growth because of increasing vehicle electrification and to increase the service life of the batteries. ECU helps in weight reduction and is space-saving contributing to the less consumption of fuel, which is likely to propel the growth of the segment.
Global Start Stop System Market Regional Insights:
Europeis expected to command the largest market share of xx% by 2026
Because of the presence of a large number of manufacturers of start/stop systems in the region and the high tendency of adoption of the latest technology, the contribution of the European region is high to the Automotive start/stop system Market. The automotive sector is a strong industry and a growth engine of Europe’s economy. Commercial vehicles are the backbone of Europe’s economy, transporting 75 percent of all land-carried goods and 90 percent of value transported through passenger vehicles.
The Asia Pacific is also expected to contribute the largest market share of xx% by 2026 because of the increase in vehicle production and sales in developing economies like India and China. Also, rising awareness about safety among people and strict government norms for the safety of the driver and passenger are propelling the growth of the Global Automotive Start/Stop System Market. Advancement in the technology by major automotive manufacturers in china for the inculcation of safety systems have also driven the growth of the market in the region.
The objective of the report is to present a comprehensive analysis of the Global Start-Stop System Marketto 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 Start-Stop System Marketdynamics, structure by analyzing the market segments and projects the Global Start-Stop System Marketsize. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Start-Stop System Market make the report investor’s guide.
Global Start-Stop System Market Scope:
Global Start Stop System Market Key Players:
• Bosch SanayiVeTicaret A.S.
• Continental AG
• BorgWarner Inc.
• AISIN SEIKI Co., Ltd.
• DENSO CORPORATION.
• Hitachi, Ltd.
• Schaeffler AG
• Delphi Technologies
• Mitsubishi Electric Corporation
• Tenneco Inc.
• EXEDY Corporation
• ZF Friedrichshafen AG
• Magna International Inc
• Fiat Chrysler Automobiles
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