The Global Aircraft & Marine Turbocharger Market size was estimated at USD 283.37 Million in 2020 and expected to reach USD 298.12 Million in 2021, at a Compound Annual Growth Rate (CAGR) of 5% from 2021 to 2027 to reach USD 391.71 Million by 2027.
A turbocharger or turbo is a turbine-driven forced induction device that forces additional air into the combustion chamber to increase the efficiency and power of the internal combustion engine. Turbochargers for aircraft and ships are gaining popularity due to several advantages such as high power density and relatively low emission levels. The increasing deviation of the youth population towards outdoor recreational activities is contributing to the growing demand for the aircraft and marine turbochargers market during the forecast period.
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Market Segments
On the basis of component
- Compressor
- Turbine
- Shaft
- Others (Waste Gate Butterfly, Waste Gate Actuator, Throttle Butterfly, and Over Boost Control Valve)
On the basis of platform
- Aircraft
- Marine
- Unmanned Aerial Vehicle (UAV)
On the basis of technology
- Single-turbo
- Twin-turbo
- Electro-assist Turbo
- Variable Geometry Turbocharger
Key Players
The major vendors in the aircraft and marine turbochargers market are Hartzell Engine Technologies (US), PBS Velka Bites (the Czech Republic), Rolls-Royce (UK), Mitsubishi Heavy Industries (Japan), Main Turbo Systems (US), ABB (Switzerland), Cummins (US), Kawasaki Heavy Industries (Japan), and MAN Energy Solutions (Germany).
Scope of the Report
The research study analyzes the global Aircraft and Marine Turbocharger industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Aircraft and Marine Turbocharger Market Report
1. What was the Aircraft and Marine Turbocharger Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Aircraft and Marine Turbocharger Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Aircraft and Marine Turbocharger Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Aircraft and Marine Turbocharger market.
- The market share of the global Aircraft and Marine Turbocharger market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Aircraft and Marine Turbocharger market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Aircraft and Marine Turbocharger market.
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