The
turbocharger market research report offers a comprehensive analysis of the
global turbocharger market and its application, fuel type, material, region,
sales channel, technology, and vehicle type segments. The strict emission
regulations along with compliance issues are the elements that could influence
the turbocharger market advancement throughout the forecast period. The
turbocharger market research report by expert analysts is developed to assist
organizations in the turbocharger market.
The
global turbocharger market size is
projected to grow at a CAGR of 7.13% during the forecast period. As per the
turbocharger market research report, the global market for turbocharger is
projected to grow swiftly by 2030. According to analysts, more economical and
greener engines as well as maximized engine efficiency will drive the market
growth during the forecast period.
Key Players
- Turbocharger industry include Cummins Inc
- Eaton Corporation
- Honeywell International Inc
- Bosch Mahle Turbo Systems GmbH
- Precision & Turbo
- Borgwarner and Inc
- Rotomaster International
- Mitsubishi Heavy Industries
- Continenetal AG
Turbocharger Market Segmentation
The
global turbocharger market has been segmented based on application, fuel type,
material, region, sales channel, technology, and vehicle type. On the basis of
application, the market for turbocharger is segmented based on agricultural
& construction, automotive, marine, and others. Additionally, the market on
the basis of fuel type, is segmented into diesel & gasoline. The global
market for turbocharger is also covered based on material segment which is
further split into aluminium, cast iron, and others.
On
the basis of the sales channel, the market for turbocharger is segmented based
on OEM & aftermarket. Additionally, the market on the basis of technology,
is segmented into Electric Turbocharger, Wastegate, VGT/VNT, and others. The
global market for turbocharger is also covered based on vehicle type segment
which is further split into heavy commercial vehicle, light commercial vehicle,
off-highway vehicles, and passenger vehicles.
Major
elements such as growing demand for electric vehicles could obstruct the
turbocharger market growth. However, according to the turbocharger market
research report, the shift to turbocharged engines from naturally aspirated
engines along with lower raw material prices will propel growth throughout the
forecast period. The turbocharger market is set to register growth at a high
CAGR owing to these key factors.
The
exploration of application, fuel type, material, region, sales channel,
technology, and vehicle type segments along with regional markets has been
given in the global turbocharger market research report. The research analysts
studying the turbocharger market have put out market forecasts in the
turbocharger market research report in order to support turbocharger
market-based companies. The turbocharger market research report provides an
extensive understanding of the turbocharger market based on the information and
forecasts till 2030.
Turbocharger Market Regional Overview
North
America, Europe, Asia Pacific and the rest of the world regional market for
turbocharger are predominantly covered in the global turbocharger market
research report. Country-level turbocharger markets spread across North America
– the United States, Canada, and Mexico are also covered in the report. In
South America – Brazil and other country-level turbocharger markets are covered
in the report. In Asia-Pacific (APAC) region, the country-level turbocharger
markets covered are Japan, India, China, and others. The turbocharger market
research report also explores the regional market for turbocharger present in
Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The
turbocharger market research report also covers regional markets from the rest
of the world alongside turbocharger markets of Africa and the Middle East.
Turbocharger Market Competitive Landscape
Availability
of cheap labor as well as low cost material is presumed to drive the
turbocharger market growth worldwide. The global turbocharger market could be
challenged by stringent environmental regulations, nevertheless, organizations
in the turbocharger market will carry the growth rate forward. The turbocharger
market research report presents company profiles of major companies active in
the turbocharger market globally.
Furthermore,
the global turbocharger market
report offers an all-inclusive analysis of the market collected from the
turbocharger market’s primary and secondary sources covering both decision
makers and thought leaders. The turbocharger market research report highlights
such key areas assisting businesses operating in the turbocharger market to
build better growth strategies.
Turbocharger Industry News
A
new agreement was entered into between Hyundai and the Engine & Machinery
Division of Hyundai Heavy Industries (HHI-EMD) and ABB Turbocharging. It
provides for a "total service solution" to customers of ABB and
Hyundai that offers maximum efficiency and emission output across the entire
vessel. The arrangement would help ABB Turbocharging HGS in providing its
customers with a long-term maintenance and operation. HGS will use ABB's global
turbocharging service station network as part of this support. HGS will give
its customers a full lifetime service agreement that covers engines and
turbochargers by incorporating this turbo-charger service power.
Read more:
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