Turbo Petrol Engines: Introduction
- A turbocharged petrol engine is the petrol-based internal combustion engine fitted with turbochargers. Turbochargers play a significant role in enhancing engine efficiency and performance. The turbo petrol engine works like a normal petrol internal combustion engine; the only difference is forced induction of air into the combustion chamber.
- Turbo engines ensure high torque and reliability for low revolution range, and it is favorable for high initial acceleration. A turbo engine comprises two major components: turbine wheel and compressor wheel which are connected by shaft. The exhaust gas from engine enters in the inlet of turbine and compressed high pressure air is again provided to inlet of engine. The engine downsizing trend has significantly fuelled the demand for turbo petrol engines.
Key Drivers of Global Turbo Petrol Engines Market:
- The engine downsizing approach is used by several OEMs to reduce vehicle weight and increase fuel economy of vehicles, which is driving the turbo petrol engine market. Furthermore, turbo petrol engines help reduce tailpipe emission levels and offer more reliable output. Focus of OEMs is shifting from diesel engine to petrol engine cars owing to the low price gap between two fuels, post the BS6 emission norms implementation, which is likely to propel the turbo petrol engines market. In some countries, such as China, the excise duty on smaller engines is low, thus manufacturers prefer manufacturing of vehicles with smaller engines and combine turbochargers with the engine to boost the performance of the vehicle.
- Automobile manufacturers are required to produce cars with improved fuel efficiency in order to meet CAFE (Corporate Average Fuel Economy) criteria. This can be done by installing turbochargers in cars. The market share of automotive turbochargers has grown significantly in recent years, and today the majority of diesel vehicles worldwide are turbocharged. This demonstrates the tremendous growth of the automotive turbocharger market. According to Forbes sales of SUVs is expected to rise in line to increasing demand for high power output and other vehicle segments will probably continue to be less than those of SUVs.
Restraints of Global Turbo Petrol Engines Market:
- Adding turbocharger system to engine makes rigorous running of engine that can result in wear and tear of the system. The turbocharger needs to withstand higher temperature upto 1200°F and that requires recurring flow of cooling oil to keep turbo charger cool. Thus, turbocharger comes with high maintenance cost and the replacement of the turbo charger is also costlier.
Opportunities in Global Turbo Petrol Engines Market:
- In April 2020, U.S National Highway Traffic Safety Administration and Environmental Protection Agency amended the Corporate Average Fuel Economy (CAFÉ) and greenhouse gas emission standards for passenger cars and light trucks and employed revised less stringent standards by considering model years 2012 to 2016 in phase 1 and model years 2017 to 2025 in phase 2. These newly introduced standards are likely to act as a major opportunity for the global turbo petrol engines market.
- Major automotive players in turbocharger market have been involved in enhancing the current engine technology through extensive R&D investments. Further, they are expanding their presence by engaging in partnerships, mergers and acquisitions or by establishing new facilities. For instance, in November 2020, Continental announced expansion of its line of turbochargers for the aftermarket for BMW, MINI, and VW group. These models use Continental's sophisticated RAAX turbine technology, which enhances engine response and minimizes emissions by increasing efficiency. This is likely to further boost the scope of improving performance and extending technology to a wide class of vehicle at a more compact size.
Global Turbo Petrol Engines Market: Regional Outlook
- North America and Europe are expected to contribute significant share of the global turbo petrol engines market. Tightening emission and fuel efficiency regulations are prompting vehicle engine downsizing, which is estimated to propel the turbo petrol engine market in the aforementioned regions. Dynamic demand from commercial vehicle segment has generated leveraging advances in technology to minimize the engines size without compromising performance output. The OEMs are extensively introducing turbo petrol engines in passenger cars and commercial vehicles. The APAC market is projected to grow at a rapid pace owing to growing popularity of turbochargers coupled with increasing sales of hatchback and SUVs in the countries like China, India, South Korea, and Japan. Furthermore, performance and sports car segments are also expected to offer significant opportunity across the globe. Expansion of the market in Middle East & Africa is likely to be contributed by growth in GCC, South Africa, and Turkey, while the turbo petrol engine market in South America would be mainly driven by the demand in Brazil, Argentina, and Rest of the South America.
Key Players Operating in Turbo Petrol Engines Market:
The global turbo petrol engines market is highly competitive due to continuous development of new solutions by market players. Key players operating in the global turbo petrol engines market are:
- Continental AG
- EATON Corporation
- MAHLE Powertrain Ltd.
- IHI Corporation
- Mitsubishi Heavy Industries
- Precision Turbo & Engine
- Robert Bosch GmbH
- Cummins Inc.
- BorgWarner Inc.
- Honeywell International Corporation
- Rotomaster International
- Turbo Dynamics Ltd.
Global Turbo Petrol Engines Market: Research Scope
Global Turbo Petrol Engines Market, by Vehicle Type
- Passenger Cars
- Sedan
- Hatchback
- Utility Vehicles
- Light Commercial Vehicles
- Heavy Trucks
- Buses and Coaches
Global Turbo Petrol Engines Market, by Method
- Direct fuel injection (DI)
- Advanced exhaust gas recirculation (EGR)
Global Turbo Petrol Engines Market, by Sales Channel
Global Turbo Petrol Engines Market, by Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Nordic Region
- Russia & CIS
- Rest of Europe
- ChinaAsia Pacific
- Japan
- India
- ASEAN
- South Korea
- ANZ
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of Middle East & Africa
