Stringent emission control norms, increasing need for fuel
efficient vehicles and increasing adoption of hybrid vehicles are that factors
that are expected to drive the demand for start-stop technology over the
forecast period.
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Insights on market
segments
Enhanced starter and integrated starter generator-based
start-stop systems are expected to dominate the market in future and are
expected to be used widely in passenger cars. Enhanced starter and integrated
starter generator are more cost-effective and fuel efficient clean energy
technologies as compared to direct starter and belt-driven alternator starter
technologies.
Europe stands as the
largest start-stop technology market
Geographically, Europe has been the largest market for
start-stop technology, where the U.K. has been the largest contributor to the
regional market. China is the major market in the Asia-Pacific region, while
the U.S. remains the highest revenue generator in the North American Market. In
the Rest of the World, Brazil was the largest market in the Latin American and
the Middle-East and African countries.
Increasing need for
fuel efficient vehicles bolsters market growth
The factors driving the growth of the market include
increasing need for fuel efficient vehicles and stringent emission control
norms globally. In North America, Environmental Protection Agency (EPA)
introduced emission standards for cars and light trucks.
Additionally, the Organization of the Petroleum Exporting
Countries (OPEC) imposed new regulations on its members and restricted the
production and export of crude oil. Such initiative has a negative impact on
the crude supply to the developing countries including India, Brazil and China
which mainly rely on crude imports. These imports could be reduced by increasing
fuel efficiency in vehicles through the use of start-stop technology, which
leads to its increased demand.
The key trend observed in the global start-stop technology
market is the adoption of clean energy across the globe. Start-stop technology
provides the advantage of reduced emissions over other technologies.
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Top six players
account for major market share
The research states that the global start-stop technology
market had a consolidated structure in 2015, where the top six competitors
accounted for a major share of the market. Some of the key players in the
global market include Robert Bosch GmbH, Continental AG, Denso Corporation,
Delphi Automotive PLC, Johnson Controls, Inc, Hitachi, Ltd., Mitsubishi
Electric Corporation, Valeo SA, and BorgWarner Inc.
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