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Automotive Electric Turbocharger Market
Stringent regulations pertaining to vehicle efficiency coupled with rising demand for reducing vehicle emissions are expected to drive the global automotive electric turbocharger market.
Conventional turbochargers use vehicle exhaust gases to spin a turbine, which transports more air into the engine. More air means more combustion, and more combustion means more power. However, exhaust-driven turbochargers require the vehicle to reach a certain speed to work effectively. At low engine speeds, the volume of exhaust gases is too low to initiate the turbochargers, which creates a turbo-lag. However, electric turbochargers eliminate the turbo-lag, provide a linear supply of power, and increase the speed of the vehicle efficiently.
Research and development on the enhancement of electric vehicle power efficiency are expected to drive the global automotive electric turbocharger market. For instance, Audi uses a 48-volt electrical system for power, which harvests energy from braking and stores it in a small lithium-ion battery pack. The electric-turbocharger hardware increases vehicle weight by 22 pounds; however, it reduces throttle response time to 250 milliseconds. Furthermore, the automotive electric turbocharger is specially optimized for attachment to the electric motor, providing a powerful boost to pure electric, i.e. battery-electric, vehicles as well as hybrid electric vehicles.
Various automotive giants and auto component manufacturing companies are cooperating with each other in order to improve the overall energy efficiency, reduce power losses, and increase cruising miles driven by vehicles. The electric turbocharger eliminates the need for running an air compressor on vehicle exhausts and is powered by an electric motor in the vehicle, which in turn reduces fuel consumption in the vehicle. This, in turn, enhances the fuel efficiency of the vehicle.
However, disruptions in the supply chain catering to the automobile industry, owing to the shutdown of production and manufacturing facilities caused by the coronavirus pandemic across the world, is estimated to contract the market in 2020-2021. Consequently, the coronavirus pandemic has hampered the global automotive electric turbocharger market.
The market is anticipated to recover by increasing the production volume of vehicle components as well as vehicles in 2021. This, in turn, is projected to offer a lucrative opportunity to players operating in the supply chain of the automotive electric turbocharger market during the forecast period.
In terms of region, the global automotive electric turbocharger market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa
Europe is expected to account for a major share of the global automotive electric turbocharger market. Stringent norms imposed by governments in several countries across this region regarding carbon emissions are expected to boost the adoption of electric cars. This, in turn, is estimated to offer significant opportunities for companies operating in the automotive electric turbocharger market. The presence of several large electric car vendors in Europe is another factor boosting the market in the region.
The global automotive electric turbocharger market is highly concentrated due to the presence of top manufacturers. A few key players operating in the global automotive electric turbocharger market are:
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*86 figures and 60 tables includes