‘Turbocharger Market to grow at 10.8% CAGR in 2021’– Stratview Research Market Report
This report, from Stratview Research, studies the global turbocharger market in the transportation industry over the period 2010 to 2021.
(EMAILWIRE.COM, February 27, 2019 )
As per the latest market intelligence report published by Stratview Research, the Turbocharger Market is progressively growing at an excellent CAGR of 10.8% in the forecasted period.
The research studies Turbocharger Market in the trend period of 2010 to 2015 and forecasted period of 2016 to 2021 under five segments by Vehicle type (On-Highway Vehicles: Passenger Car, Light Duty Vehicle, Medium & Heavy Duty Vehicle, and Off-Highway Vehicles: Tractor and Construction Equipment), by Charger Type (Turbocharger and Supercharger), by Technology (VGT/VNT, Wastegate, and Twin Turbo), by Fuel Type (Gasoline and Diesel), by Region (North America, Europe, Asia-Pacific, and RoW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016-2021
The study finds –
Asia-Pacific is likely to remain the largest market for turbochargers in the next five years, driven by demand in emerging economies, such as China and India.
Variable geometry turbocharger (VGT), also known as variable nozzle turbine (VNT) is the most widely used turbocharger worldwide.
Click here to read the detailed description https://www.stratviewresearch.com/138/turbocharger-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/138/turbocharger-market.html
Turbocharger Market in the Transportation Industry: Highlights
The global turbocharger market in the transportation industry offers a robust growth opportunity and is likely to witness a double-digit growth of 10.8% (CAGR) during the forecast period of 2016 to 2021. Growing vehicle production coupled with the requirement for automakers to meet global environment emission and fuel efficiency regulations are the prime drivers of the turbocharger market. Increasing penetration / installation rates of turbochargers in the gasoline engine powered vehicles is the driving force of the market during the forecast period.
The fuel efficiency and environment emission regulations in many developed and developing countries are putting pressure on automakers to either reduce the vehicle weight or downsize the engine to achieve the targets. The Automakers are downsizing engines to satisfy the stringent global fuel economy and emission regulations and customer demand for better performing vehicles. Turbochargers help downsized engines improve fuel economy by 20% to 40% as compared to larger, naturally aspirated engines.
Variable geometry turbocharger (VGT), also known as variable nozzle turbine (VNT) is the most widely used turbocharger worldwide. VGT / VNT is more efficient than traditional wastegate turbochargers and will continue to gain market share during the forecast period. VGT / VNT is well suited both for diesel as well as gasoline powered engines.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
As per the latest market intelligence report published by Stratview Research, the Turbocharger Market is progressively growing at an excellent CAGR of 10.8% in the forecasted period.
The research studies Turbocharger Market in the trend period of 2010 to 2015 and forecasted period of 2016 to 2021 under five segments by Vehicle type (On-Highway Vehicles: Passenger Car, Light Duty Vehicle, Medium & Heavy Duty Vehicle, and Off-Highway Vehicles: Tractor and Construction Equipment), by Charger Type (Turbocharger and Supercharger), by Technology (VGT/VNT, Wastegate, and Twin Turbo), by Fuel Type (Gasoline and Diesel), by Region (North America, Europe, Asia-Pacific, and RoW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016-2021
The study finds –
Asia-Pacific is likely to remain the largest market for turbochargers in the next five years, driven by demand in emerging economies, such as China and India.
Variable geometry turbocharger (VGT), also known as variable nozzle turbine (VNT) is the most widely used turbocharger worldwide.
Click here to read the detailed description https://www.stratviewresearch.com/138/turbocharger-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/138/turbocharger-market.html
Turbocharger Market in the Transportation Industry: Highlights
The global turbocharger market in the transportation industry offers a robust growth opportunity and is likely to witness a double-digit growth of 10.8% (CAGR) during the forecast period of 2016 to 2021. Growing vehicle production coupled with the requirement for automakers to meet global environment emission and fuel efficiency regulations are the prime drivers of the turbocharger market. Increasing penetration / installation rates of turbochargers in the gasoline engine powered vehicles is the driving force of the market during the forecast period.
The fuel efficiency and environment emission regulations in many developed and developing countries are putting pressure on automakers to either reduce the vehicle weight or downsize the engine to achieve the targets. The Automakers are downsizing engines to satisfy the stringent global fuel economy and emission regulations and customer demand for better performing vehicles. Turbochargers help downsized engines improve fuel economy by 20% to 40% as compared to larger, naturally aspirated engines.
Variable geometry turbocharger (VGT), also known as variable nozzle turbine (VNT) is the most widely used turbocharger worldwide. VGT / VNT is more efficient than traditional wastegate turbochargers and will continue to gain market share during the forecast period. VGT / VNT is well suited both for diesel as well as gasoline powered engines.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results