A detailed study on Belt Driven Starter Generator (BSG) market (Belt Driven Starter Generator) has been conducted to understand its landscape in 2023.
Survey period: February 7-14, 2023
Survey company: SDKI Inc.
Survey Base: We surveyed 533 market participants of all sizes. Number of valid answers: 533
Survey method: 213 field surveys, 320 Internet surveys
Survey Respondents: The survey was conducted among companies based on revenue. Question: What is a Belt Driven Starter Generator (BSG)? What is the size of the Belt Driven Starter Generator (BSG) market and what is the growth forecast to 2035?
A belt drive starter generator (BSG) is a type of electric motor commonly used in hybrid electric vehicles (HEV) and some conventional vehicles. It combines the functions of a starter motor and a generator and is driven by a belt connected to the engine’s crankshaft. The belt driven starter generator (BSG) market is expected to garner USD 934 million in 2022, growing at a CAGR of 15% during the forecast period. Moreover, the global Belt Driven Starter Generator (BSG) market is projected to reach USD 1834 million by 2035.
Question: What are the factors driving the growth of the Belt Driven Starter Generator (BSG) market?
Following are some of the key factors driving the growth of the Belt Driven Starter Generator (BSG) market:
Rising demand for automobiles is a major factor guiding the growth of the Belt Driven Starter Generator (BSG) market. For example, it is estimated that automobile production in India will grow by around 25% in 2021. Belt-driven starter generators (BSGs) are an integral part of hybrid electric vehicles (HEVs) and some conventional vehicles, so they are in high demand as more vehicles are manufactured and sold. In addition, it has the effect of improving fuel efficiency and reducing pollution, so it is being installed in automobiles.
High receptivity to strict emissions regulations
Increased production of mild hybrid vehicles (MHEV)
Growing needs for improved fuel efficiency
[Image 1: https://prtimes.jp/i/72515/2500/resize/d72515-2500-461894a7e7706ff313bc-0.png&s3=72515-2500-474dd8d719483f23caf8d5a59aa2c2c4-1280×720.png] Question: What are the key classifications of the Belt Driven Starter Generator (BSG) market?
The Belt Driven Starter Generator (BSG) market can be segmented by product type, vehicle type and cooling type. These categories are further divided into:-
By product type
Based on product type, 48V Belt Driven Starter Generator (BSG) is expected to hold the largest market share of 68% in 2035. Demand for this product type is expected to rise due to increased demand for hybrid and electric vehicles. 48V belt-driven starter generator (BSG) technology is used in mild hybrid systems that combine an internal combustion engine with an electric motor to deliver additional power and improve fuel economy. According to data, the market for electric vehicles in India grew by more than 11% in 2020 compared to 2019. However, 12V belt-driven starter generators (BSGs) are still widely used in many vehicles due to their simplicity and affordability compared to higher voltage systems.
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Based on vehicle type, the micro-hybrid segment is estimated to hold the highest share. Micro-hybrid vehicles use electric motors and batteries to help power the car, allowing the engine to shut off when the vehicle is stationary. By 2030, about 60% of new cars in the world are expected to be micro-hybrids.
[Image 3: https://prtimes.jp/i/72515/2500/resize/d72515-2500-894c8bfb59d351043d1f-2.png&s3=72515-2500-34bd990f783807c37f82b217d0f238b4-1280×720.png ]
By cooling type
Question: What are the market constraints for the Belt Driven Starter Generator (BSG) market?
The high initial cost is expected to be one of the factors inhibiting the market growth of belt-driven starter generators (BSG). Belt driven starter generators cost more than traditional starters and
alternators. This can be a barrier to entry for consumers and manufacturers. All of these are expected to impede market growth considerably.
Following are some of the factors constraining the growth of the Belt Driven Starter Generator (BSG) market-
Integration with existing systems
Question: Who are leading the Belt Driven Starter Generator (BSG) market? What are some of the recent developments in the Belt Driven Starter Generator (BSG) market?
Following are the Belt Driven Starter Generator (BSG) Market Leading Companies- Borg Warner
Following are some of the recent developments in the Belt Driven Starter Generator (BSG) market:-
Valeo, in November 2022, unveiled the 15 iBSG 48V, which reduces fuel consumption while improving the performance of internal combustion engine vehicles.
In January 2021, Dayco partnered with MASERATI to create and manufacture a customized solution for the entire BSG hybrid system (commonly known as the P0 architecture) for the company’s Ghibli Hybrid MHEV (mild hybrid electric vehicle) engine.
Q: Why is the European region expected to offer the most lucrative opportunity in the Belt Driven Starter Generator (BSG) market? Europe region is expected to offer the most lucrative opportunities in Belt Driven Starter Generators (BSG) as it is expected to grow at the fastest rate during the forecast period. By 2030, the European regional market is expected to grow at a CAGR of 31%. Rising demand for improved fuel economy is the main reason for the growth of this regional market. For example, the European Union (EU) is estimated to have committed to more than 32% energy efficiency improvement in 2030. This, along with stringent emission regulations, is expected to contribute to the growth of the belt-driven starter generator (BSG) market in Europe.
Question: Which other region is expected to hold a significant market share or exhibit significant growth in the Belt Driven Starter Generator (BSG) market by 2035?
Asia-Pacific is another region expected to account for a large share of the global market revenue during the forecast period. The region accounts for a 31% revenue share of the market in 2020. The presence of China and Japan, coupled with increasing urbanization in the region, is expected to be beneficial for market growth. In addition, the region has a growing demand for fuel-efficient vehicles, which is expected to create opportunities for market growth. Asia’s urban population is projected to increase by more than 40% by 2050, or more than 1 billion people.
Demand for belt-driven starter generators (BSG) in Japan is also expected to increase due to stronger partnerships between Japanese automakers and suppliers. Many Japanese automakers have been identified as partnering with suppliers to develop and produce belt-driven starter generators, resulting in increased availability and reduced costs. At factories outside Japan, Japanese automakers produced about 16 million cars in 2022. For example, Denso
Corporation, a major Japanese automotive supplier, has developed a belt-driven starter generator that is used by several Japanese car manufacturers.
The North America region is also one of the regions expected to witness significant growth in the Belt Driven Starter Generator (BSG) market. The North American belt driven starter generator (BSG) market is expected to witness remarkable growth during the forecast period. Market growth in this region should be driven by the United States, Canada, and Mexico. Rising demand for electric vehicles in the region is expected to drive market growth. It is estimated that by 2021, more than 625,000 electric vehicles will be sold in the US, doubling the market share to more than 4%. The significance of such security measures is expected to bring about market growth in the region.
[Image 4: https://prtimes.jp/i/72515/2500/resize/d72515-2500-f9fc0474913cce1ce267-3.png&s3=72515-2500-4ed65e074c06b7c134251b7697e61fcc-1280×720.png] About us:
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