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Global Industrial Turbocharger Market

  • 4100.00 Dollar US$
  • Published date: April 15, 2019
    • Pune, Pune, Maharashtra, India [ Ads Views - 5 ]

Global Industrial Turbocharger Market is expected to reach US$ 23.0Bn by2026 from US$ 9.0Bn in 2017 at CAGR of 12.44%.

Increasing benefits of industrial turbocharger over the aspirated engine ofidentical power output are driving the market. Such as, the power-to-weightratio of industrial turbochargers is much better than the aspirated engine.Furthermore, turbochargers are driven by exhaust gases. So, the overall fuelconsumption of a turbocharger machine is lower than that of the aspiratedengine.

Growing awareness among the people regarding the innovative technologieswhich enables drive the global industrial turbochargers market. Growingdisposable income of consumers in advanced countries is expected to boost theindustrial turbochargers Market. The high quality of turbocharges offers’ at anaffordable price is a major roadblock for a market. One of the key restrainingthe global industrial turbocharger market is the fact that diesel soaps disruptturbochargers.

Based on the fuel type, Gasoline Turbochargers is estimated to unlock thepotential of the market due to cutting-edge technologies in the turbochargermarket. Which enables spur new opportunities to market players involved inindustry turbochargers business. Gasoline Turbocharger is a device whichgrowing internal combustion of engine’s efficiency and power output by forcingextra air into the combustion chamber. The performance of an engine can beboosted by the addition of a turbocharger. It enables compress the air and moreoxygen flows into the combustion chamber. Regarding the fuel the power outputof an engine increases.

On the basis of technology, twin turbo segment is leading the market.Twin-turbo technology due to its widespread usage in the automotive industry asthis technology facilitates improved engine performance and fuel efficiency,primarily in light commercial vehicles.

In terms of region, APAC is estimated to account the larger share of themarket by 2026 and will also dominate the industry throughout the predictedperiod. Increasing demand for steel and iron from construction, agriculture,chemicals, and electrical utilities from the region will lead to the growth ofthe mining industry. Also, the region is the global leader in automotiveproduction, and the rise in investments in the industry will lead to the rise indemand for several metals and minerals such as steel, aluminium, copper, andnickel.

Key players operating in the global industrial turbocharger market, Cummins,ABB, Honeywell, Napier Turbochargers, Mitsubishi Heavy Industries, Niitsu,Brogwarner, MTU, Bosch Mahle TurboSystems, Lianoing Rong Li Turbocharge,Precision Turbo and Engine, and Comp Turbo Technology.

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About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growthemerging opportunities & technologies as well as threats to the companiesacross the Healthcare, Pharmaceuticals, Electronics & Communications,Internet of Things, Food and Beverages, Aerospace and Defense and othermanufacturing sectors.

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