Press release
Automotive Hybrid Starter Generator Market Size Projected To Reach $23.06 Billion By 2034 With A Cagr Of 5.6%
Automotive Hybrid Starter Generator Market
What Is the Projected Growth of the Automotive Hybrid Starter Generator Market?
The automotive hybrid starter generator market size has shown strong growth in recent years. It will grow from $17.5 billion in 2024 to $18.54 billion in 2025, at a CAGR of 6.0%. This growth is due to urbanization and traffic congestion, rising consumer awareness, increasing demand for more fuel-efficient vehicles, greater awareness of air quality issues, and expanding infrastructure for hybrid and electric vehicles.
The automotive hybrid starter generator market will grow to $23.06 billion in 2029 with a CAGR of 5.6%, fueled by hybrid car sales, environmental awareness, and rising disposable income. Trends include lightweight materials, R&D emphasis, public-private initiatives, and tech innovation.
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What Are the Different Automotive Hybrid Starter Generator Market Segments?
The automotive hybrid starter generator market covered in this report is segmented -
1) By Type: 12-Volt, 48-Volt, Other Types
2) By Component: Electric Motor Or Generator, Power Electronic Controller, Battery
3) By Power Rating: Low Power (Up To 15 kW), Medium Power (15-30 kW), High Power (Above 30 kW)
4) By Application: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Subsegments:
1) By 12-Volt: 12-Volt Mild Hybrid Starter Generator, 12-Volt Belt-Driven Starter Generator, 12-Volt Integrated Starter Generator
2) By 48-Volt: 48-Volt Mild Hybrid Starter Generator, 48-Volt Belt-Driven Starter Generator, 48-Volt High-Efficiency Starter Generator
3) By Other Types: 24-Volt Hybrid Starter Generator, Dual Voltage Hybrid Starter Generator, Custom Voltage Starter Generator For Specific Applications
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What Are the Primary Drivers Shaping the Automotive Hybrid Starter Generator Market?
The growth of the automotive hybrid starter generator market is expected to be driven by the expanding automotive industries. This sector involves the design, development, production, and sale of motor vehicles. Factors contributing to the industry's growth include shifting consumer preferences, economic influences, regulatory support, globalization, and innovations in manufacturing. Hybrid starter generators are essential in enhancing fuel efficiency, reducing emissions, and enabling smooth start-stop and regenerative braking functions in hybrid vehicles. In February 2024, a report by the Society of Motor Manufacturers and Traders noted a 21.0% increase in British car manufacturing output in January, with a notable rise in export volumes and production for the UK market. Consequently, the growth of automotive industries is propelling the hybrid starter generator market.
Which Companies Are Leading in the Automotive Hybrid Starter Generator Market?
Major companies operating in the automotive hybrid starter generator market are Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co. Ltd., Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., Valeo, Parker Hannifin Corporation, Nidec Corporation, Schaeffler AG, TRW Automotive, BorgWarner Inc., Hella GmbH & Co. KGaA, Rheinmetall Automotive AG, GKN Automotive Ltd., Mando Corporation, SEG Automotive, Dayco Ip Holdings LLC, Mahle GmbH, IAV Automotive Engineering, Maserati Inc., Delphi Technologies, Magneti Marelli
What Trends Are Expected to Dominate the Automotive Hybrid Starter Generator Market in the Next 5 Years?
Companies in the automotive hybrid starter generator market are advancing technologies like integrated belt-driven starter generators to improve vehicle performance and efficiency. An integrated belt-driven starter generator (BSG) combines the functions of a starter motor and generator into one unit. For instance, in March 2022, Nexteer Automotive, a US-based company, introduced the 48-volt Integrated Belt-Driven Starter Generator (iBSG) for hybrid powertrains, increasing vehicle efficiency by capturing and reusing kinetic energy.
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What Are the Top Revenue-Generating Geographies in the Automotive Hybrid Starter Generator Market?
North America was the largest region in the automotive hybrid starter generator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive hybrid starter generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Hybrid Starter Generator Market?
2. What is the CAGR expected in the Automotive Hybrid Starter Generator Market?
3. What Are the Key Innovations Transforming the Automotive Hybrid Starter Generator Industry?
4. Which Region Is Leading the Automotive Hybrid Starter Generator Market?
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