Global Automotive Turbocharger Market 2021 – Industry Research, Regional Outlook, End Users for the Forecast Period 2021 – 2027, Rotomaster.


Posted January 7, 2022 by VynzReports

VynZ Research is a global market intelligence company providing research reports.

 
The global automotive turbocharger market is anticipated to grow from USD 11.65 billion to USD 19.7 billion by 2027, witnessing a CAGR of 10.1% during the forecast period 2021-2027. An automotive turbocharger is an enforced initiation system that uses the energy of exhaust gases from the engine to drive the turbine. This helps in stimulation the volume of air into the combustion chamber as it burns the fuel efficiently with great power and saves fuel. Turbochargers are one of the essential components as they increase the efficiency of the engine.

The rising adoption of passenger, commercial, and heavy-duty vehicles to increase fuel efficiency will drive the growth of the market. The mandatory emission norms, mounting production of mild hybrid vehicles, and rising usage of TGDI (Turbocharged Gasoline Direct Injection) technology will fuel the growth of the global automotive turbocharger market.

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The increased engine downsizing requirements, increased penetration of electric vehicles, mounting adoption of zero-emission vehicles, and stringent government regulations will attribute to the growth of the global automotive turbocharger market. Furthermore, the emission norms like Euro-6, China-VI, and PROCONVE P-8 have fueled the market for gasoline products, resulting in the growth of passenger car turbocharger production. In addition, the increased deployment of electronic systems and ECUs in automobiles will further propel the growth of the automotive turbocharger market.

Asia-Pacific contributes to the largest share in the global automotive turbocharger market owing to the increased volume of passenger cars in the region. Moreover, countries like India and China are holding the maximum sales and production of automotive which fuels the growth of the automotive turbocharger market in the region. The robust urbanization, industrialization, enhancement in infrastructure, increased disposable income, and stringent government norms and emission standards like BS-VI in India will accelerate the growth of the automotive turbocharger market in the region.

BorgWarner is a prominent leader in clean and eco-efficient technologies. BorgWarner's turbocharger technology offers enhanced energy-efficient engine performance and reduces emissions and fuel consumption.

In April 2021, IHI Corporation signed a technical collaboration agreement for electric turbochargers for fuel cell systems with AVL List GmbH.

In May 2021, BorgWarner signed a contract to supply electric turbochargers, i.e., eTurbo a major European OEM for use in high voltage hybrid vehicles.The eTurbo is a mechanical turbocharger with an ultra-fast electric motor connected directly to the shaft.

Some of the key players operating in the automotive turbocharger market: GARRETT MOTION INC., Continental AG, BorgWarner Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., IHI Corporation, Honeywell International Inc., Cummins Inc., ABB, Linamar Corporation, and Rotomaster.

Source: VynZ Research
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Last Updated January 7, 2022