Skip to main content

Automotive Turbochargers Market Globally Expected to Drive Growth through 2021

 A turbocharger is a type of forced induction system that utilises energy of exhaust gases from the engines via a turbine. This helps in the induction of an ample volume of air into combustion chamber. The power output of the engine can be enhanced by increasing the volume of inlet fuel air mixture, which could be easily achieved with use turbochargers. It utilises the energy of exhaust gases from the engine to compress the inlet air and feed it into the engine to create a better air to fuel ratio. Turbochargers are considered one of the most important automotive accessories in today’s time not only to boost acceleration, but to increase the efficiency of the engines in terms of power and output.

Turbochargers are useful in helping the automotive industryto meet the norms and standards regarding the emission of exhaust gasses such as CO2, nitrous oxide, and particulate materials from the automobile. Augmentation of the engine with a turbocharger helps in addressing the increasing demand for fuel-efficient vehicles from consumers. 

Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-135

The global turbocharger market is expected to grow approximately twofold from 2014 to 2020. The global market for turbochargers is growing at a CAGR of around 10-12%. The European market commands nearly half of the turbocharger market, followed by Asia and North America. The penetration rate of turbochargers in the North American vehicular fleet is comparatively less thanin other regions. The global market has been witnessing an increase in demand from Asia Pacific, whereas the European market is expected to exhibit sluggish growth due to low automotive demand and stagnant economic conditions.

The global turbocharger market can be segmented on the basis of vehicle types such as light commercial vehicles (LCV), heavy commercial vehicles (HCV) and passenger vehicles (PV). Currently, the PV segment is the largest contributor to the market. In future, the PV segment is expected to continue its dominance in the global market, due to increasing production and demand. The CV segment is expected to register a higher growth rate due their longer service life and higher commercial usage.

The global turbochargers market can also be segmented by technology such asvariable geometry technology (also known as varable nozzle turbine), wastegate technology, and twin turbo. On the basis of the fuel type, the turbocharger market is segmented into diesel and gasoline turbo. 
Overall the diesel turbocharger segment is expected to grow at a higher rate compared to gasolineas turbochargers have high adoption rates in diesel engines.

Visit For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-135

However, with advancements in technology the gasoline turbochargers are estimated to grow at a promising rate in the future. 

Major players of the turbochargers market include BorgwarnerInc., Honeywell International Inc., Mitsubishi Heavy Industries Ltd, IHI Corporation, Continental AG, and Cummins Inc. to name a few. These companies are trying to introduce new technology in the market through innovation and new product development. Apart from this, they are taking initiatives to engage themselves in partnerships and alliances in order to expand their business in emerging markets such as India and China.

The preference of fuel-efficient vehicles, the downsizing initiatives of engines by automakers and the growth of the automotive production in Asian region are major drivers for turbochargers market. 

Comments

Post a Comment

Popular posts from this blog

Medical Gloves Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

 The medical gloves market has witnessed significant growth and evolution, especially in recent years, due to the global healthcare challenges, including the COVID-19 pandemic. Medical gloves are crucial protective equipment used by healthcare professionals to prevent the transmission of infections, maintain hygiene standards, and ensure the safety of both patients and medical personnel. This market encompasses a wide range of glove types, including latex, nitrile, vinyl, and others, each with its unique features and applications. One of the key drivers of the medical gloves market is the increasing focus on infection prevention and control in healthcare settings. The heightened awareness of the importance of hand hygiene, especially in the wake of the pandemic, has led to a surge in demand for medical gloves worldwide. Healthcare facilities, including hospitals, clinics, and laboratories, require a steady and reliable supply of gloves to maintain safety protocols an...
Post a Comment
Read more

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, ...
Post a Comment
Read more

Aircraft Tire Market Challenges, Drivers, Outlook, Growth Opportunities - Analysis to 2031

 ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global  aircraft tire market  for the forecast period 2021-2031. According to the report, the market is expected to post impressive gains, expanding at a CAGR exceeding  6%  throughout the forecast period. Increasing production of narrowbody and widebody aircrafts are spurring demand. The market posted steady growth in historical period, backed by the high demand of bias ply aircraft ties from military aviation industry. Consistent demand for narrowbody aircrafts backed by the high demand from defense and military sector across the U.S., India, China, and Germany bolstered the market growth. Request a Sample of this Report @   https://www.futuremarketinsights.com/reports/sample/rep-gb-6112 Competitive advantage of bias ply over radial ply in providing higher strength, stability and ground traction will continue to fuelling the demand for former over t...
Post a Comment
Read more