デフォルト表紙
市場調査レポート
商品コード
1658652

48Vベルト駆動スタータージェネレーター市場:車両タイプ別、技術別、コンポーネント別、用途別、エンドユーザー別、地域別 - 世界の動向分析、競合情勢および予測(2019年~2031年)

48V Belt-driven Starter Generator Market, By Vehicle Type; By Technology; By Component; By Application; By End User; By Region, Global Trend Analysis, Competitive Landscape & Forecast, 2019-2031


出版日
ページ情報
英文 498 Pages
納期
2~3営業日
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=143.57円
48Vベルト駆動スタータージェネレーター市場:車両タイプ別、技術別、コンポーネント別、用途別、エンドユーザー別、地域別 - 世界の動向分析、競合情勢および予測(2019年~2031年)
出版日: 2025年01月07日
発行: Blueweave Consulting
ページ情報: 英文 498 Pages
納期: 2~3営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 目次
概要

世界の48Vベルト駆動スタータージェネレーター(BSG)市場は、排ガス規制の強化やマイルドハイブリッド電気自動車(MHEV)の需要拡大により、活況を呈しています。

世界の48Vベルト駆動スタータージェネレーター(BSG)の市場規模は、2024年に7億3,840万米ドルとなりました。2025年から2031年までの予測期間において、はCAGR 10.70%で拡大し、2031年には13億4,005万米ドルに達すると予測されています。ハイブリッドカーの需要急増とアフターマーケットでの発電機の利用拡大が、世界の48Vベルト駆動スタータージェネレーター(BSG)市場の主な促進要因の2つです。さらに、排ガス規制の厳格化により、自動車メーカーはベルトスタータージェネレーターのような効率的な技術の使用を促しています。さらに、予測期間中、技術の進歩とともに、効率的でコンパクトなBSGシステムの開発が、世界の48Vベルト駆動スタータージェネレーター(BSG)市場に有利な成長機会を提供すると予測されています。

燃料コストの増加は、自動車の燃費効率の必要性に直接影響しており、これは世界の48Vベルト駆動スタータージェネレーター(BSG)市場の主要成長要因となっています。また、消費者はBSGシステムの長期的なメリットを認識するようになっており、そのために価格を支払うことを厭わなくなっています。48Vシステムは、燃料の節約と排出ガスの削減を可能にし、車両の小売価格を大幅に上げることなく車両全体の効率を向上させる。これらのシステムは、より小型のバッテリーを活用しているため、メーカーにとっては生産しやすく、消費者にとっては購入しやすい価格となっています。

当レポートでは、世界の48Vベルト駆動スタータージェネレーター市場について調査し、市場の概要とともに、車両タイプ別、技術別、コンポーネント別、用途別、エンドユーザー別、地域別動向、競合情勢、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 調査の枠組み

第2章 エグゼクティブサマリー

第3章 世界の48Vベルト駆動スタータージェネレーター(BSG)市場の洞察

  • 業界バリューチェーン分析
  • DROC分析
    • 成長促進要因
    • 成長抑制要因
    • 機会
    • 課題
  • 技術の進歩/最近の動向
  • 規制の枠組み
  • ポーターのファイブフォース分析

第4章 世界の48Vベルト駆動スタータージェネレーター(BSG)市場:マーケティング戦略

第5章 世界の48Vベルト駆動スタータージェネレーター(BSG)市場概要

  • 市場規模と予測、2019年~2031年
  • 市場シェアと予測
    • 車両タイプ別
    • 技術別
    • コンポーネント別
    • 用途別
    • エンドユーザー別
    • 地域別

第6章 北米の48Vベルト駆動スタータージェネレーター(BSG)市場

第7章 欧州の48Vベルト駆動スタータージェネレーター(BSG)市場

第8章 アジア太平洋の48Vベルト駆動スタータージェネレーター(BSG)市場

第9章 ラテンアメリカの48Vベルト駆動スタータージェネレーター(BSG)市場

第10章 中東・アフリカの48Vベルト駆動スタータージェネレーター(BSG)市場

第11章 競合情勢

  • 主要参入企業とその提供内容のリスト
  • 世界の48Vベルト駆動スタータージェネレーター(BSG)企業市場シェア分析、2024年
  • 経営パラメータ別競合ベンチマーキング
  • 主要な戦略的展開(合併、買収、提携)

第12章 高まる地政学的緊張が世界の48Vベルト駆動スタータージェネレーター(BSG)市場に与える影響

第13章 企業プロファイル(企業概要、財務マトリクス、競合情勢、主要人員、主な競合企業、連絡先、戦略的展望、SWOT分析)

  • Bosch
  • Continental
  • Valeo
  • Denso
  • BorgWarner
  • ZF Friedrichshafen
  • Nidec
  • Mitsubishi Electric
  • Hitachi Automotive Systems
  • Kyocera Corporation
  • Schaeffler Group
  • Vitesco Technologies
  • その他

第14章 主要な戦略的提言

第15章 調査手法

目次
Product Code: BWC25012

Global 48V Belt-driven Starter Generator (BSG) Market to Cross USD 1.3 Billion by 2031

Global 48V Belt-driven Starter Generator (BSG) Market is flourishing because of the stricter emission regulations and a growing demand for mild hybrid electric vehicles (MHEVs).

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global 48V Belt-driven Starter Generator (BSG) Market size at USD 738.40 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Global 48V Belt-driven Starter Generator (BSG) Market size to expand at a CAGR of 10.70% reaching a value of USD 1,340.05 million by 2031. A spurring demand for hybrid cars and the expanding availability of these generators in aftermarkets are two of the main drivers of Global 48V Belt-driven Starter Generator (BSG) Market. Additionally, the stricter emission standards are encouraging automakers to use efficient technology like belt starter generators. Additionally, it is projected that during the forecast period, the development of efficient and compact BSG systems along with technological advancements will offer Global 48V Belt-driven Starter Generator (BSG) Market lucrative growth opportunities.

Opportunity - Increasing Focus on Fuel Efficiency and Cost-Effective Electrification Solution

The increasing cost of fuel is directly influencing the need for fuel efficiency in vehicles, which is emerging as a major growth factor for Global 48V Belt-driven Starter Generator (BSG) Market. Consumers are also increasingly becoming aware of the long-term benefits of BSG systems and are willing to pay prices for it. The 48V system allows for fuel savings and reduced emissions, improving overall vehicle efficiency without significantly increasing the vehicle's retail price. These systems leverage smaller batteries, making them more affordable for manufacturers to produce and consumers to purchase.

Impact of Escalating Geopolitical Tensions on Global 48V Belt-driven Starter Generator (BSG) Market

Intensifying geopolitical tensions may disrupt the growth of Global 48V Belt-driven Starter Generator (BSG) Market. The manufacturing of 48V BSG systems depends on an array of crucial parts, including power electronics and electric motors. Many of these parts are sourced from countries like China, Taiwan, and Russia that have uncertain geopolitical situations. Growing tensions, such trade wars or regional conflicts, cause supply chain disruptions and raw material shortages, which ultimately cause production delays and cost increases. Energy price increases can also result from these conflicts, especially in areas that produce energy, such as Russia-Ukraine war. Higher energy prices result in higher manufacturing costs since energy-intensive procedures are needed to produce BSG systems.

OEMs Hold Larger Share of Global 48V BSG Market

The OEMs segment accounts for a higher market share of Global 48V Belt-driven Starter Generator (BSG) Market, owing to the expanding production of hybrid vehicles. The demand for hybrid cars is being driven by customers' growing disposable income and growing environmental concern. In addition, increased fuel economy, growing fuel costs, and a dearth of public charging stations are driving the market for hybrid cars. It is driving the need for 48V belt-driven starter generators (BSG), and OEMs are increasing their manufacturing capacity to satisfy the growing demand. The high cost of original automotive parts and the regular maintenance required for hybrid cars, however, are expected to propel the growth of aftermarket segment over the forecast period.

Asia Pacific Leads Global 48V BSG Market

With a large output of hybrid vehicles, Asia Pacific leads Global 48V Belt-driven Starter Generator (BSG) Market. Globally, China leads the manufacture of hybrid vehicles, but Japan has the largest fleet of hybrid electric vehicles. North America is expanding at a significant rate, second only to Asia Pacific, owing to stricter rules regarding carbon emissions and technology improvements.

Competitive Landscape

The major industry players of Global 48V Belt-driven Starter Generator (BSG) Market include Bosch, Continental, Valeo, Denso, BorgWarner, ZF Friedrichshafen, Nidec, Mitsubishi Electric, Hitachi Automotive Systems, Kyocera Corporation, Schaeffler Group, and Vitesco Technologies. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Global 48V Belt-driven Starter Generator (BSG) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global 48V Belt-driven Starter Generator (BSG) Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Executive Summary

3. Global 48V Belt-driven Starter Generator (BSG) Market Insights

  • 3.1. Industry Value Chain Analysis
  • 3.2. DROC Analysis
    • 3.2.1. Growth Drivers
      • 3.2.1.1. Stricter Emission Regulations
      • 3.2.1.2. Rising Fuel Costs
      • 3.2.1.3. Growing Demand for Mild Hybrid Electric Vehicles (MHEVs)
    • 3.2.2. Restraints
      • 3.2.2.1. High Initial Cost
      • 3.2.2.2. Complex Integration
    • 3.2.3. Opportunities
      • 3.2.3.1. Enhanced Vehicle Performance
      • 3.2.3.2. Increased Adoption of Advanced Driver Assistance Systems (ADAS)
    • 3.2.4. Challenges
      • 3.2.4.1. Limited Range and Power Output
      • 3.2.4.2. Infrastructure Challenges
  • 3.3. Technological Advancements/Recent Developments
  • 3.4. Regulatory Framework
  • 3.5. Porter's Five Forces Analysis
    • 3.5.1. Bargaining Power of Suppliers
    • 3.5.2. Bargaining Power of Buyers
    • 3.5.3. Threat of New Entrants
    • 3.5.4. Threat of Substitutes
    • 3.5.5. Intensity of Rivalry

4. Global 48V Belt-driven Starter Generator (BSG) Market: Marketing Strategies

5. Global 48V Belt-driven Starter Generator (BSG) Market Overview

  • 5.1. Market Size & Forecast, 2019-2031
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Vehicle Type
      • 5.2.1.1. Passenger Cars
      • 5.2.1.2. Light Commercial Vehicles (LCVs)
      • 5.2.1.3. Heavy Commercial Vehicles (HCVs)
    • 5.2.2. By Technology
      • 5.2.2.1. Motor-Generator Units
      • 5.2.2.2. Integrated Motor Assist (IMA)
      • 5.2.2.3. Stop-Start Systems
    • 5.2.3. By Component
      • 5.2.3.1. Electric Motor
      • 5.2.3.2. Power Electronics
      • 5.2.3.3. Energy Storage System
      • 5.2.3.4. Belt Drive System
    • 5.2.4. By Application
      • 5.2.4.1. Mild Hybrid Vehicles (MHEVs)
      • 5.2.4.2. Full Hybrid Vehicles
    • 5.2.5. By End User
      • 5.2.5.1. OEMs (Original Equipment Manufacturers)
      • 5.2.5.2. Aftermarket
    • 5.2.6. By Region
      • 5.2.6.1. North America
      • 5.2.6.2. Europe
      • 5.2.6.3. Asia Pacific (APAC)
      • 5.2.6.4. Latin America (LATAM)
      • 5.2.6.5. Middle East and Africa (MEA)

6. North America 48V Belt-driven Starter Generator (BSG) Market

  • 6.1. Market Size & Forecast, 2019-2031
    • 6.1.1. By Value (USD Million)
  • 6.2. Market Share & Forecast
    • 6.2.1. By Vehicle Type
    • 6.2.2. By Technology
    • 6.2.3. By Component
    • 6.2.4. By Application
    • 6.2.5. By End User
    • 6.2.6. By Country
      • 6.2.6.1. United States
      • 6.2.6.1.1. By Vehicle Type
      • 6.2.6.1.2. By Technology
      • 6.2.6.1.3. By Component
      • 6.2.6.1.4. By Application
      • 6.2.6.1.5. By End User
      • 6.2.6.2. Canada
      • 6.2.6.2.1. By Vehicle Type
      • 6.2.6.2.2. By Technology
      • 6.2.6.2.3. By Component
      • 6.2.6.2.4. By Application
      • 6.2.6.2.5. By End User

7. Europe 48V Belt-driven Starter Generator (BSG) Market

  • 7.1. Market Size & Forecast, 2019-2031
    • 7.1.1. By Value (USD Million)
  • 7.2. Market Share & Forecast
    • 7.2.1. By Vehicle Type
    • 7.2.2. By Technology
    • 7.2.3. By Component
    • 7.2.4. By Application
    • 7.2.5. By End User
    • 7.2.6. By Country
      • 7.2.6.1. Germany
      • 7.2.6.1.1. By Vehicle Type
      • 7.2.6.1.2. By Technology
      • 7.2.6.1.3. By Component
      • 7.2.6.1.4. By Application
      • 7.2.6.1.5. By End User
      • 7.2.6.2. United Kingdom
      • 7.2.6.2.1. By Vehicle Type
      • 7.2.6.2.2. By Technology
      • 7.2.6.2.3. By Component
      • 7.2.6.2.4. By Application
      • 7.2.6.2.5. By End User
      • 7.2.6.3. Italy
      • 7.2.6.3.1. By Vehicle Type
      • 7.2.6.3.2. By Technology
      • 7.2.6.3.3. By Component
      • 7.2.6.3.4. By Application
      • 7.2.6.3.5. By End User
      • 7.2.6.4. France
      • 7.2.6.4.1. By Vehicle Type
      • 7.2.6.4.2. By Technology
      • 7.2.6.4.3. By Component
      • 7.2.6.4.4. By Application
      • 7.2.6.4.5. By End User
      • 7.2.6.5. Spain
      • 7.2.6.5.1. By Vehicle Type
      • 7.2.6.5.2. By Technology
      • 7.2.6.5.3. By Component
      • 7.2.6.5.4. By Application
      • 7.2.6.5.5. By End User
      • 7.2.6.6. Belgium
      • 7.2.6.6.1. By Vehicle Type
      • 7.2.6.6.2. By Technology
      • 7.2.6.6.3. By Component
      • 7.2.6.6.4. By Application
      • 7.2.6.6.5. By End User
      • 7.2.6.7. Russia
      • 7.2.6.7.1. By Vehicle Type
      • 7.2.6.7.2. By Technology
      • 7.2.6.7.3. By Component
      • 7.2.6.7.4. By Application
      • 7.2.6.7.5. By End User
      • 7.2.6.8. The Netherlands
      • 7.2.6.8.1. By Vehicle Type
      • 7.2.6.8.2. By Technology
      • 7.2.6.8.3. By Component
      • 7.2.6.8.4. By Application
      • 7.2.6.8.5. By End User
      • 7.2.6.9. Rest of Europe
      • 7.2.6.9.1. By Vehicle Type
      • 7.2.6.9.2. By Technology
      • 7.2.6.9.3. By Component
      • 7.2.6.9.4. By Application
      • 7.2.6.9.5. By End User

8. Asia Pacific 48V Belt-driven Starter Generator (BSG) Market

  • 8.1. Market Size & Forecast, 2019-2031
    • 8.1.1. By Value (USD Million)
  • 8.2. Market Share & Forecast
    • 8.2.1. By Vehicle Type
    • 8.2.2. By Technology
    • 8.2.3. By Component
    • 8.2.4. By Application
    • 8.2.5. By End User
    • 8.2.6. By Country
      • 8.2.6.1. China
      • 8.2.6.1.1. By Vehicle Type
      • 8.2.6.1.2. By Technology
      • 8.2.6.1.3. By Component
      • 8.2.6.1.4. By Application
      • 8.2.6.1.5. By End User
      • 8.2.6.2. India
      • 8.2.6.2.1. By Vehicle Type
      • 8.2.6.2.2. By Technology
      • 8.2.6.2.3. By Component
      • 8.2.6.2.4. By Application
      • 8.2.6.2.5. By End User
      • 8.2.6.3. Japan
      • 8.2.6.3.1. By Vehicle Type
      • 8.2.6.3.2. By Technology
      • 8.2.6.3.3. By Component
      • 8.2.6.3.4. By Application
      • 8.2.6.3.5. By End User
      • 8.2.6.4. South Korea
      • 8.2.6.4.1. By Vehicle Type
      • 8.2.6.4.2. By Technology
      • 8.2.6.4.3. By Component
      • 8.2.6.4.4. By Application
      • 8.2.6.4.5. By End User
      • 8.2.6.5. Australia & New Zealand
      • 8.2.6.5.1. By Vehicle Type
      • 8.2.6.5.2. By Technology
      • 8.2.6.5.3. By Component
      • 8.2.6.5.4. By Application
      • 8.2.6.5.5. By End User
      • 8.2.6.6. Indonesia
      • 8.2.6.6.1. By Vehicle Type
      • 8.2.6.6.2. By Technology
      • 8.2.6.6.3. By Component
      • 8.2.6.6.4. By Application
      • 8.2.6.6.5. By End User
      • 8.2.6.7. Malaysia
      • 8.2.6.7.1. By Vehicle Type
      • 8.2.6.7.2. By Technology
      • 8.2.6.7.3. By Component
      • 8.2.6.7.4. By Application
      • 8.2.6.7.5. By End User
      • 8.2.6.8. Singapore
      • 8.2.6.8.1. By Vehicle Type
      • 8.2.6.8.2. By Technology
      • 8.2.6.8.3. By Component
      • 8.2.6.8.4. By Application
      • 8.2.6.8.5. By End User
      • 8.2.6.9. Vietnam
      • 8.2.6.9.1. By Vehicle Type
      • 8.2.6.9.2. By Technology
      • 8.2.6.9.3. By Component
      • 8.2.6.9.4. By Application
      • 8.2.6.9.5. By End User
      • 8.2.6.10. Rest of APAC
      • 8.2.6.10.1. By Vehicle Type
      • 8.2.6.10.2. By Technology
      • 8.2.6.10.3. By Component
      • 8.2.6.10.4. By Application
      • 8.2.6.10.5. By End User

9. Latin America 48V Belt-driven Starter Generator (BSG) Market

  • 9.1. Market Size & Forecast, 2019-2031
    • 9.1.1. By Value (USD Million)
  • 9.2. Market Share & Forecast
    • 9.2.1. By Vehicle Type
    • 9.2.2. By Technology
    • 9.2.3. By Component
    • 9.2.4. By Application
    • 9.2.5. By End User
    • 9.2.6. By Country
      • 9.2.6.1. Brazil
      • 9.2.6.1.1. By Vehicle Type
      • 9.2.6.1.2. By Technology
      • 9.2.6.1.3. By Component
      • 9.2.6.1.4. By Application
      • 9.2.6.1.5. By End User
      • 9.2.6.2. Mexico
      • 9.2.6.2.1. By Vehicle Type
      • 9.2.6.2.2. By Technology
      • 9.2.6.2.3. By Component
      • 9.2.6.2.4. By Application
      • 9.2.6.2.5. By End User
      • 9.2.6.3. Argentina
      • 9.2.6.3.1. By Vehicle Type
      • 9.2.6.3.2. By Technology
      • 9.2.6.3.3. By Component
      • 9.2.6.3.4. By Application
      • 9.2.6.3.5. By End User
      • 9.2.6.4. Peru
      • 9.2.6.4.1. By Vehicle Type
      • 9.2.6.4.2. By Technology
      • 9.2.6.4.3. By Component
      • 9.2.6.4.4. By Application
      • 9.2.6.4.5. By End User
      • 9.2.6.5. Rest of LATAM
      • 9.2.6.5.1. By Vehicle Type
      • 9.2.6.5.2. By Technology
      • 9.2.6.5.3. By Component
      • 9.2.6.5.4. By Application
      • 9.2.6.5.5. By End User

10. Middle East and Africa 48V Belt-driven Starter Generator (BSG) Market

  • 10.1. Market Size & Forecast, 2019-2031
    • 10.1.1. By Value (USD Million)
  • 10.2. Market Share & Forecast
    • 10.2.1. By Vehicle Type
    • 10.2.2. By Technology
    • 10.2.3. By Component
    • 10.2.4. By Application
    • 10.2.5. By End User
    • 10.2.6. By Country
      • 10.2.6.1. Saudi Arabia
      • 10.2.6.1.1. By Vehicle Type
      • 10.2.6.1.2. By Technology
      • 10.2.6.1.3. By Component
      • 10.2.6.1.4. By Application
      • 10.2.6.1.5. By End User
      • 10.2.6.2. UAE
      • 10.2.6.2.1. By Vehicle Type
      • 10.2.6.2.2. By Technology
      • 10.2.6.2.3. By Component
      • 10.2.6.2.4. By Application
      • 10.2.6.2.5. By End User
      • 10.2.6.3. Qatar
      • 10.2.6.3.1. By Vehicle Type
      • 10.2.6.3.2. By Technology
      • 10.2.6.3.3. By Component
      • 10.2.6.3.4. By Application
      • 10.2.6.3.5. By End User
      • 10.2.6.4. Kuwait
      • 10.2.6.4.1. By Vehicle Type
      • 10.2.6.4.2. By Technology
      • 10.2.6.4.3. By Component
      • 10.2.6.4.4. By Application
      • 10.2.6.4.5. By End User
      • 10.2.6.5. South Africa
      • 10.2.6.5.1. By Vehicle Type
      • 10.2.6.5.2. By Technology
      • 10.2.6.5.3. By Component
      • 10.2.6.5.4. By Application
      • 10.2.6.5.5. By End User
      • 10.2.6.6. Nigeria
      • 10.2.6.6.1. By Vehicle Type
      • 10.2.6.6.2. By Technology
      • 10.2.6.6.3. By Component
      • 10.2.6.6.4. By Application
      • 10.2.6.6.5. By End User
      • 10.2.6.7. Algeria
      • 10.2.6.7.1. By Vehicle Type
      • 10.2.6.7.2. By Technology
      • 10.2.6.7.3. By Component
      • 10.2.6.7.4. By Application
      • 10.2.6.7.5. By End User
      • 10.2.6.8. Rest of MEA
      • 10.2.6.8.1. By Vehicle Type
      • 10.2.6.8.2. By Technology
      • 10.2.6.8.3. By Component
      • 10.2.6.8.4. By Application
      • 10.2.6.8.5. By End User

11. Competitive Landscape

  • 11.1. List of Key Players and Their Offerings
  • 11.2. Global 48V Belt-driven Starter Generator (BSG) Company Market Share Analysis, 2024
  • 11.3. Competitive Benchmarking, By Operating Parameters
  • 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)

12. Impact of Escalating Geopolitical Tensions on Global 48V Belt-driven Starter Generator (BSG) Market

13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

  • 13.1. Bosch
  • 13.2. Continental
  • 13.3. Valeo
  • 13.4. Denso
  • 13.5. BorgWarner
  • 13.6. ZF Friedrichshafen
  • 13.7. Nidec
  • 13.8. Mitsubishi Electric
  • 13.9. Hitachi Automotive Systems
  • 13.10. Kyocera Corporation
  • 13.11. Schaeffler Group
  • 13.12. Vitesco Technologies
  • 13.13. Other Prominent Players

14. Key Strategic Recommendations

15. Research Methodology

  • 15.1. Qualitative Research
    • 15.1.1. Primary & Secondary Research
  • 15.2. Quantitative Research
  • 15.3. Market Breakdown & Data Triangulation
    • 15.3.1. Secondary Research
    • 15.3.2. Primary Research
  • 15.4. Breakdown of Primary Research Respondents, By Region
  • 15.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable