DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Turbocharger Market by Vehicle Type (On-Highway(Passenger Car, LCV & HCV), Off-Highway (Agricultural Tractors & Construction Equipment)), Technology (VGT/VNT & Wastegate), Fuel Type (Gasoline & Diesel), & Aftermarket by Region- Forecast to 2021" report to their offering.
The automotive turbocharger market is projected to grow at a CAGR of 7.63%, to reach a market size of USD 18.49 billion by 2021
The market is driven by the key factor engine downsizing, which leads to the reduction of size of engine. For instance, naturally aspirated V8 engine can be substituted with V6 turbocharged small size engine without affecting the power output and torque. Engine downsizing leads to increased efficiency and helps in quick warm-up of engine and decreases the overall weight of vehicle. In order to achieve stringent emission norms, turbocharger plays an important role.
Variable Geometry Turbocharger (VGT) technology is expected to dominate the automotive turbocharger market. The VGT/VNT technology is best suitable for 0.9 to 0.3 liter diesel engines. However VGT/VNT technology, also have application in 1.4L to 2.0L range. Advanced VNT gives fuel efficiency at low speeds, reduces weight, and gives better transient response and flexible packaging. For instance, Honeywell has launched VNT DualBoost Turbochargers which will boost the engine performance and is best suitable for pickup trucks with engine capacity of around 6 liter and more.
The turbochargers are used in gasoline engines to increase the engine power, by increasing the pressure inside the combustion chamber. The turbochargers to be used in petrol vehicles should be compact, and should run at higher speeds. However, in the current scenario, the penetration of diesel turbocharged vehicles is more than gasoline turbocharged vehicles.
In Asia-Oceania 55-60% of the diesel powered passenger cars are turbocharged, on the other hand only 15-20% of the gasoline powered passenger cars are turbocharged. However the trend of turbochargers in gasoline engines is increasing. The gasoline fueled models with turbochargers are 1.4L Opel Astra, 1.6L BMW, V6 Ford EcoBoost, and BMW X-Series.
North America is estimated to dominate the automotive turbocharger market, and is projected to grow at the highest CAGR during the forecast period.
The report provides detailed profiles of the following companies:
- Saint-Gobain S.A.
- Borg Warner Inc.
- Cummins Inc.
- Honeywell International Inc.
- Mitsubishi Heavy Industries Ltd.
- IHI corporation
- Continental AG
- Eaton Corporation Plc
- Bosch Mahle Turbo Systems
- Turbo energy private Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/m653hq/turbocharger