The global turbocharger market is valued at $16.3 billion in 2019 and is expected to reach $24.3 billion by 2027, with an annual average growth of 5%.
The turbocharger is an integral part of an internal combustion (IC) engine, with the help of the injected combustion air, it increases the amount of air intake in the combustion chamber to improve its performance. IC engines require additional air for combustion of additional fuel for large power generation, which reduces efficiency, and turbochargers play a key role in increasing efficiency by supplying compressed air. The global turbocharger market is expected to see remarkable growth in the coming years as these chargers ensure optimal engine performance and improved fuel economy. Turbochargers work best especially at high engine speeds and do not require power to operate. It is driven by the flow of combustion gases from the engine. Currently, this technology is mainly used in the automotive and aerospace industries. Manufacturers, for example, use turbochargers in the engines of high-speed racing cars, generating a large amount of power even in harsh and high temperature conditions.
A full report of Turbocharger Market is available at: https://www.orionmarketreports.com/turbocharger-market/11392/
Turbocharger Market Segmentation
By Technology
• Twin-turbo Technology
• Wastegate Technology
• Variable Geometry Technology (VGT)
By Application
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Ships & Aircrafts
• Agriculture & Construction
• Locomotives
By Fuel Type
• Gasoline
• Diesel
By Material
• Cast Iron
• Aluminum
• By End-User
• Original Equipment Manufacturer (OEMs)
• Aftermarket
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
Key Questions Answered by Turbocharger Market Report
• What was the Turbocharger Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Turbocharger Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Turbocharger Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
