Global Turbocharger Market Growth Is Expected To Be Driven Increasing Adoption Of Turbochargers For Applications In Automotive Industry Due To Its Improved Engine Performance And Fuel-Efficiency

Turbochargers are a turbine-driven essential induction devices which help in increasing the efficiency of internal combustion engine and power output with the help of increasing density of gas intake. The turbochargers are used in cars, construction equipment engines trucks, aircrafts, and trains. They are used in diesel cycle internal combustion engines and Otto cycles.  There are three basic technologies used by the turbochargers such as wastegate turbochargers, twin turbo, and variable geometry turbochargers (VGT). Turbochargers are widely used in the automotive industry for enhancing volumetric efficiency and reduce exhaust emissions.

Turbochargers are useful in the automotive industrial sector, due to the high adoption rate of turbochargers in this sector. Turbochargers are rapidly gaining approval and popularity due to its benefits such as improved engine performance and improved fuel efficiency in terms of power and output among others and they are useful in various applications including heavy commercial vehicles, heavy-duty vehicles,  light commercial vehicles, ships & aircraft, and locomotives.

There is a rise in demand for passenger cars due to increasing disposable income and purchasing power of the individuals. Turbochargers are mainly used in various applications such as aviation, production automobiles, racing cars, marine, agricultural & construction. Apart from these applications turbochargers are used in diesel-powered cars, petrol-powered cars, aircraft, motorcycles, trucks, and marine and land-based diesel turbochargers. However, growing demand for electric vehicles is hampering the market growth.

Turbocharging is of two types of mechanical turbocharging and exhausts turbocharging. There is rapid adoption of exhaust turbocharging as it has high power, high power to weight ratio, lower fuel consumption. Applications in which turbochargers are used include HCV, MCV, and LCV. Increasing domestic and international trading activities in different countries across the globe help in adoption of turbochargers for automotive from HCVs.

Rapid adoption of new and advanced technologies by various companies in North America can lead to high demand for turbochargers due to increasing production of vehicles and rising installation rate of turbochargers to a significant extent. In Asia Pacific, there is an increasing number of automotive industries and favorable stringent regulations for keeping the automotive emissions in check which is resulting in high adoption rate of turbochargers in the years to come. Moreover, the market growth in Europe is also increasing due to high investment in turbocharger technologies and implementation of stringent government regulations for reducing carbon emission. Adoption of these turbochargers will be comparatively low in regions such as Latin America, and Middle East & Africa.

Some of the key players which are operating in the global turbocharger market report include BorgWarner, Ishikawajima-Harima Heavy Industries, Cummins Turbo Technologies, and Mitsubishi Heavy Industries.