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Industrial Turbocharger: Introduction

  • A turbocharger comprises a pair of fans that harness waste exhaust power from the back of an engine to cram more air into the front, delivering more efficiency and more power. A turbocharger is made of two main sections: the turbine and the compressor.
  • A turbocharger is used to compress more air flowing into the engine’s cylinder. When air is compressed, the oxygen molecules are packed closer together. This increase in air means that more fuel can be added for the same-sized naturally aspirated engine. Consequently, this generates increased mechanical power and enhances the overall efficiency of the combustion process. Therefore, the engine size can be reduced for a turbocharged engine leading to better packaging, weight saving benefits, and overall improved fuel economy.
  • A turbocharger is a simple, relatively inexpensive, extra bit of kit that can provide more power from the same engine

Rise in demand in gasoline turbochargers, hybrid vehicles, and electrification

  • Diesel engines have become more mature; all diesel vehicles are equipped with turbochargers as fuel economy and emission have become a concern, which has prompted regulations.
  • Simulation, additive manufacturing, big data, and cloud computing is a well-integrated part of the turbocharger development process. Rise in demand for emission reduction and electrification boosts the development of new technologies.
  • Turbocharging has become one of the go-to technologies in order to downsize combustion engines and reduce emissions but maintain performance
  • Turbochargers are being increasingly adopted in various industries such as marine, oil & gas, power generation, mining and earthmoving equipment, and rails. Industrial turbochargers are also being integrated in farming equipment such as tractors, harvesters, threshing machines, and trucks.
  • Hybrid vehicles are expected to be fitted with a turbo or multiple turbo systems, which in turn is estimated to propel the industrial turbochargers market
  • Vehicles featuring electric motors and battery powered systems with low maintenance cost and longer product life are expected to hamper the automotive segment of the turbochargers market during the forecast period

Europe to account for prominent share of global market

  • Europe is a prominent market for industrial turbochargers. Stringent and new emission norms are estimated to increase sales and market share held by Europe by complying with regulation without compromising in performance, size, and design.
  • Asia Pacific is projected to follow Europe and increase its share in the global market. Countries such as China are enacting stringent emissions regulations which are estimated to boost the development of turbochargers. The market in China is anticipated to expand at a significant pace. The industrial turbocharge market in other countries such as Japan, India, and Korea, is estimated to expand at a moderate pace during the forecast period.
  • North America is expected to witness the trend of downsizing of engines and an increase in adoption of turbocharged engines. The expected recovery of the market in South America is likely to further propel the global market in the next few years.

Key Players Operating in Industrial Turbocharger Market

Companies holding notable share in the global turbocharger manufacturing industry include

  • Cummins
  • Mitsubishi
  • ABB
  • Honeywell
  • Komatsu
  • Toyota Industries
  • BorgWarner
  • IHI
  • Bosch Mahle

Global: Industrial Turbocharger Market Research Scope

Global Industrial Turbocharger Market, by Type

  • Single-Turbo
  • Twin-Turbo
  • Electric Turbo
  • Variable Geometry Turbocharger
  • Other

Global Industrial Turbocharger Market, by Fuel

  • Diesel
  • Petrol
  • Gasoline

Global Industrial Turbocharger Market, by Industry or End-user

  • Automotive
  • Marine
  • Oil & Gas
  • Power Generation
  • Mining and Earthmoving Equipment
  • Rails
  • Farming Equipment

Global Industrial Turbocharger Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Columbia

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Industrial Turbocharger Market

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