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Pulished Date April, 2021
ID: 9053
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Global Industrial Turbocharger market segmented by Applications (Automotive, Aerospace & Defence, Marine and Others Applications), by Fuel Type (Diesel, Gasoline), by Technology (Twin-Turbo, Variable Geometry and Wastegate Technology), Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size.( 2021 – 2026)

Pulished: April, 2021
ID: 9053
Pages: 175

Industrial Turbocharger Market Value and Growth Insights 2021-2026:

The Global Industrial Turbocharger market is estimated at USD 14.8 billion in 2021 and is expected to expand at a CAGR of 9.3% to reach USD 23.08 billion by 2026

Recent Developments of Industrial Turbocharger Market:

Mitsubishi heavy industries (MHI), merged its engine and turbocharger segments to bring them under a single segment as MHI Engine & turbocharger in 2016. The company also opened a new Engine & Turbocharger plant for Full-scale production in Franklin, Indiana State of USA. The plant is efficient enough to produce 10 million units per year. This is a clear indication of how huge companies are investing in expansion strategies to get a firm hold on the market.

Product Description:

The turbocharger is a turbine-driven controlled induction system that improves the performance and power output of the internal combustion (IC) engine by driving additional pressurized air into the combustion chamber. Such boost over the naturally aspirated engine power output was attributable to the fact that perhaps the compressor could drive extra air and, correspondingly, more fuel into the combustion chamber than that of the ambient pressure (atmospheric pressure) alone.

Drivers and Restraints of Industrial Turbocharger Market:

Drivers:

  • The increase in demand for fuel-efficient vehicles for commercial uses combined with the increased technological developments in the field is expected to be a key driver for the Global Industrial Turbocharger market during the forecast period.
  • The increased investments in the sector is also a significant market driver.

Restraints:

The substantial initial investment combined with the crowded market with constant innovations from crucial players can also be considered as a small restraint to the Industrial Turbocharger market as it would be challenging for smaller companies to play the game of market share.

Industrial Turbocharger Market Segmentation:

By Applications:

Based on the Applications, the Global Industrial Turbocharger market is segmented into Automotive, Aerospace & Defence, Marine and Others Applications. Out of these, the Automotive segment holds the majority of the market share over 45% in 2019, attributing to the increased need for cost- and fuel-efficient vehicles for transportation of cargo etc. The goal of the turbocharger is to improve IC engine's volumetric efficiency, to generate high torque by consuming less fuel, this essential element is what drives the Industrial turbocharger market in Automotive sector, particularly for low weight commercial vehicles. 

Also, Aerospace and Defence segment is expected to be the fastest-growing with a CAGR of 11.4%, owing to the increased investments in the sector. With many countries focussing on the defence budget, and vehicles using primarily IC engines to fuel themselves, there is a tremendous need for fuel-efficiency in the sector, which is a driver to the Aerospace and Defence segment of Industrial Turbochargers market.

By Fuel Type: 

Based on the Fuel Type, the Global Industrial Turbocharger market is segmented into Diesel, Gasoline. Of these, Diesel is both the largest and the fastest-growing segment that accounted for a market share of over 70 in 2019. The section is expected to expand at CAGR of 9.6% during the forecast period of 2019 - 2024 due to the available infrastructure for diesel vehicles. There are several diesel vehicles on the street and the support to incorporate turbochargers in these vehicles is highly evolved, acting as a significant driver of the diesel segment of Industrial Turbocharger market.

 By Technology: 

Based on the Technology, the Global Industrial Turbocharger market is segmented into Twin-Turbo, Variable Geometry and Wastegate Technology. Out of these, Twin-Turbo is both the largest and the fastest-growing segment, which contributed a market share of 45% in 2019. The section is expected to expand at CAGR of 11.1% during the forecast period of 2019 - 2024 due to the usage in automobiles.

Industrial Turbocharger Region-wise analysis:

Based in region, Industrial Turbocharger can be segmented into:

  1. North America
    1. US
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific (APAC)
    1. China
    2. India
    3. Japan
  4. Latin America and Middle East Africa
    1. Brazil
    2. Saudi Arabia

Geographically, APAC, powered by China is anticipated to contribute to the largest portion of the Industrial Turbocharger market among all the regions in the coming years. The Chinese are very interested in installing turbocharges in their cars, and as of 2017, over 75% of the Chinese vehicles are incorporated with turbochargers, which is promoting the Asia-Pacific Industrial Turbocharger Market.

Industrial Turbocharger Market Key Players of Market:

The key players of Industrial Turbocharger market include Honeywell International Inc., Mitsubishi Heavy Industries Ltd., BorgWarner Inc., Rotomaster International, Precision Turbo & Engine. Some other key Players of Market include Bosch Mahle Turbo System GmbH & Co. KG, IHI Corporation, Eaton Corporation PLC, Cummins Inc., and Continental AG. Many of these key players focused on technological innovations and aggressive market expansion strategies for staying ahead of the competition.

RESEARCH METHODOLOGY:

The research of the Industrial Turbocharger market takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

Global Industrial Turbocharger Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentation of the market, detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of competitive environment.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By Applications                         

                                5.1.1 Introduction           

                                5.1.2 Automotive            

                                5.1.3 Aerospace & Defence        

                                5.1.4 Marine      

                                5.1.5 Contructions          

                                5.1.6 Agriculture              

                                5.1.7 Other Applications               

                                5.1.8 Y-o-Y Growth Analysis        

                                5.1.9 Market Attractiveness Analysis      

                                5.1.11 Market Share Analysis     

                5.2 By Fuel Type                              

                                5.2.1 Introduction           

                                5.2.2 Diesel        

                                5.2.3 Gasoline   

                                5.2.4 Y-o-Y Growth Analysis        

                                5.2.5 Market Attractiveness Analysis      

                                5.2.6 Market Share Analysis       

                5.3 By Technology                           

                                5.3.1 Introduction           

                                5.3.2 Twin-Turbo             

                                5.3.3 Variable Geometry              

                                5.3.4 Wategate Technologies     

                                5.3.5 Y-o-Y Growth Analysis        

                                5.3.6 Market Attractiveness Analysis      

                                5.3.7 Market Share Analysis       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Technology

                                                6.1.3.3 By Fuel Type

                                                6.1.3.4 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Technology

                                                6.1.4.3 By Fuel Type

                                                6.1.4.4 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Technology

                                                6.1.5.3 By Fuel Type

                                                6.1.5.4 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leader Analysis                                           

                8.1 Mitsubishi Heavy Industries Ltd.                       

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 BorgWarner Inc                        

                8.3 Rotomaster International                     

                8.4 Precision Turbo & Engine                      

                8.5 Bosch Mahle Turbo System GmbH & Co. KG                

                8.6  IHI Corporation                        

                8.7 Eaton Corporation PLC                           

                8.8 Cummins Inc.                             

                8.9 Continental AG                         

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Industrial Turbocharger Market By Region, From 2021-2026 ( USD Billion )
  2. Global Industrial Turbocharger Market By Application, From 2021-2026 ( USD Billion )
  3. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  4. Global Aerospace and Defence Market By Region, From 2021-2026 ( USD Billion )
  5. Global Marine Market By Region, From 2021-2026 ( USD Billion )
  6. Global Agricultural Market By Region, From 2021-2026 ( USD Billion )
  7. Global Construction Market By Region, From 2021-2026 ( USD Billion )
  8. Global Others Market By Region, From 2021-2026 ( USD Billion )
  9. Global Industrial Turbocharger Market By Fuel Type, From 2021-2026 ( USD Billion )
  10. Global Diesel Market By Region, From 2021-2026 ( USD Billion )
  11. Global Gasoline Market By Region, From 2021-2026 ( USD Billion )
  12. Global Industrial Turbocharger Market By Technology, From 2021-2026 ( USD Billion )
  13. Global Twin-Turbo Market By Region, From 2021-2026 ( USD Billion )
  14. Global variable Geometry Market By Region, From 2021-2026 ( USD Billion )
  15. Global Wategate Technology Market By Region, From 2021-2026 ( USD Billion )

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