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(I-AutoNewsWire.com, September 06, 2019 ) Market Overview
• Turbochargers are turbine-driven forced induction devices that improving engines volumetric efficiency by increasing density of the intake gas allowing more power per engine cycle. The turbocharger is used in vehicles such as passenger car, commercial vehicle and high duty vehicle.
• A turbo fitted to a small engine is equaled to the power of a large engine combined with fuel efficiency and improved emissions of a small engine it delivers up to 20% better fuel economy in vehicles with gasoline engines and up to 40% fuel savings on diesel engines.
International Council on combustion engines (IMO) III regulation 2016 to reduce the specific Nitrogen Oxides (NOx) emissions (about -80% compared to the IMO I values) needs to be achieved in the ECA’s (Emission Control Areas). Sulphur-oxides (Sox) and particulate matter (PM) emissions are to be controlled by limiting the sulfur content of the fuel used in the turbocharger system.
Market Dynamics
• Fuel-efficiency regulations are driving the use of turbochargers in vehicles and boosting revenue for the Turbocharger manufacturing industry. This is driving the global automotive turbocharger market.
• In larger turbocharger, reaching the boost threshold can provide an almost instantaneous surge in power, which could compromise tire traction or cause some instability of the car. This may downstream from the global automotive turbocharger market.
• The turbochargers get very hot and often tap into the engine’s oil supply. This calls for additional plumbing and is more demanding on the engine oil. Superchargers typically do not require engine oil lubrication. This is a significant restraint for the global automotive turbocharger market.
Market Segmentation
By turbocharger type
• Exhaust-gas turbochargers enhance performance, increase speed and power as well as engine performance at the same time reducing fuel consumption and exhaust emissions.
• The radial flow turbochargers are the most popular type for automotive applications, the gas inflow is centripetal and is directed from the outside in a radial direction. It can increase the power of an automobile up to 1,000 horsepower.
By Geography
• Turbocharger sales in the United States got a boost when the federal government’s corporate average fuel economy targets were raised to 35.5 mpg by 2016.
• Europe is the leading region regarding turbocharger adoption across light and commercial vehicles, exceeding 70% penetration by 2015.
Key market segments covered
By Turbocharger Type
• Exhaust gas turbocharger
• Axial flow turbocharger
• Radial flow turbocharger
By Technology Type
• Variable geometry turbocharger
• Wastegate
• Twin turbocharger
• Others
By Engine Type
• Diesel engine
• Gasoline engine
By Vehicle Type
• Passenger car
• Commercial vehicle
• Heavy duty vehicle
By Sales Channel
• OEM
• Aftermarket
Competitive Trends
• The major players for the global automotive turbocharger market are BorgWarner and Cummins, which collectively account for 77.3% of revenue 2017.
• To improve the performance and efficiency of heavy-duty commercial wastegate turbochargers by using advanced computer modeling and real-world lab testing. This new approach has resulted in improvement in turbocharger efficiency by up to 6% and fuel efficiency of 1.5%.
Geographical Analysis
• Asia Pacific
• Europe
• North America
• South America
• Rest of the World
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