Los Angeles, CA -- (SBWire) -- 02/17/2019 --This report studies the global Turbocharger market status and forecast, categorizes the global Turbocharger market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
Turbocharger is a type of forced induction system. Turbocharger uses the exhaust flow from the engine to spin a turbine, which in turn spins an air pump, compressing the air following into the engine. Turbocharger lets the engine squeeze more air into a cylinder and more air means more fuel can be added. So the engine can produce more power without increasing the engine emissions. The turbocharger has four main components, the turbine, the compressor, the control system and the bearing system.
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Emission Regulation is the major factor, which is driving the turbocharger market. Though most of the countries are concerned about the environmental effects of the automotive emissions, regions like Europe and North America are focusing on emission regulations.
The Euro standards are considered to be the toughest and are followed in countries such as China, and India. These stringent Euro standards are the reasons for vehicles, in the European region, to be turbocharged. Almost every 2 out of 3 vehicles in Europe are turbocharged and is expected to be 3 out of every 4, by 2022. China, owing to its overriding environmental concerns, is poised to be the fastest growing market for turbochargers, followed by India.
The global Turbocharger market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025.
The major manufacturers covered in this report
Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Mitsubishi Heavy Industries Ltd. , Cummins Inc., Eaton Corporation PLC, Turbo Energy Private Limited, Rotomaster International, Magnum Performance Turbos, Precision Turbo and Engine
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Diesel Engine Turbocharger, Gasoline Engine Turbocharger, New Energy Engine Turbocharger
By Application, the market can be split into
On-Highway: Passenger Car, LCV, HCV, Off-Highway: Agricultural Tractors, Construction Vehicles
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Global Turbocharger Market to Witness Robust Expansion by 2025
The Turbocharger Industry report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.