Market Overview:
The global electric car turbocharger market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the electric car turbocharger market can be attributed to the increasing demand for electric vehicles across the globe. Additionally, government initiatives and regulations supporting the adoption of electric vehicles are also contributing to the growth of this market. The global electric car turbocharger market is segmented on the basis of type, application, and region. On the basis of type, it is divided into mono turbo and twin turbo chargers.
Product Definition:
Electric Car Turbocharger is a device that increases the power and efficiency of an electric motor by compressing the air that enters it.
Mono Turbo:
Mono turbocharger is a single-stage turbine engine which has no internal moving parts. It extracts energy from the incoming flow of air and uses it to drive an electric motor, which in turn drives the vehicle’s powertrain. The efficiency of mono turbochargers is very high as compared to multi-turbochargers as they do not have any waste heat losses associated with them.
Twin Turbo:
The twin-turbocharger setup is one of the most effective ways to increase the power output of an engine. It consists of two turbos, which are mounted next to each other and act in opposition to provide a boost in power. The basic design has been around for over 20 years but only recently have manufacturers started using it on a large scale due to technological advancements and better understandings about how engines work.
Application Insights:
OEMs such as Mercedes, BMW, Audi and Porsche are focusing on the development of electric car specific turbochargers to meet the high power demand of the electric motors. The OEMs have designed these Electric motor specific aftermarket products to improve acceleration and reduce range anxiety. These products are manufactured in collaboration with EV manufacturers so that they can offer customized solutions for improved performance.
The growing popularity of all-wheel drive vehicles is expected to boost product demand in off-road applications across commercial and industrial usage sectors over the forecast period. The growing popularity of 4WD conversion kits among consumers is also likely to fuel segment growth over next eight years. Moreover, governments around the world are investing heavily in green transportation solutions by offering subsidies for EVs or HEVs depending upon their powertrain capacity (battery only cars).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 60% in 2017 owing to high demand from countries, such as China and Japan. In addition, favorable government policies regarding electric vehicles are anticipated to drive the regional market growth over the forecast period. For instance, in China, local governments have established special economic zones (SEZs) for electric car manufacturers and suppliers to establish their plants/factories within SEZs which provide various benefits such as tax breaks and low-interest loans from government agencies like state-owned banks and financial institutions. These factors are expected to boost sales of electric cars across Asia Pacific thereby driving global demand during the forecast period.
Europe was estimated at USD X million in 2017 owing with presence of major automobile manufacturers who have been developing advanced Electric Vehicles (EVs).
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020. This is due to the increasing awareness about the benefits of electric vehicles such as low emissions, fuel efficiency, and low maintenance cost.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles through various initiatives and subsidies. For instance, in China, a subsidy of up to 00 is offered for purchasing an electric vehicle.
- Development of advanced technologies: The development of advanced technologies such as high-voltage batteries, fast charging systems, and turbochargers is aiding in the growth of the electric car turbocharger market.
- Growing popularity among millennials: Millennials account for a significant share (nearly one-third)of all new car purchases in North America . They are increasingly opting for environmentally friendly options such as electric cars which offer lower emissions and better fuel economy than traditional gasoline or diesel cars .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Car Turbocharger Market Research Report
By Type
Mono Turbo, Twin Turbo
By Application
OEM, Aftermarket
By Companies
Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Weifang Fuyuan, Shenlong, Okiya Group, Zhejiang Rongfa, Hunan Rugidove
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Electric Car Turbocharger Market Report Segments:
The global Electric Car Turbocharger market is segmented on the basis of:
Types
Mono Turbo, Twin Turbo
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- BorgWarner
- MHI
- IHI
- Cummins
- Bosch Mahle
- Continental
- Hunan Tyen
- Weifu Tianli
- Kangyue
- Weifang Fuyuan
- Shenlong
- Okiya Group
- Zhejiang Rongfa
- Hunan Rugidove
Highlights of The Electric Car Turbocharger Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mono Turbo
- Twin Turbo
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Car Turbocharger Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric car turbocharger is a device that helps increase the power and performance of an electric car. Turbochargers are typically used on gasoline-powered vehicles to increase their performance. Electric cars don't have a traditional engine, so they don't need a turbocharger to improve their performance.
Some of the major players in the electric car turbocharger market are Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Weifang Fuyuan, Shenlong, Okiya Group, Zhejiang Rongfa, Hunan Rugidove.
The electric car turbocharger market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Car Turbocharger Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Car Turbocharger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Car Turbocharger Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Car Turbocharger Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Car Turbocharger Market Size & Forecast, 2020-2028
4.5.1 Electric Car Turbocharger Market Size and Y-o-Y Growth
4.5.2 Electric Car Turbocharger Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mono Turbo
5.2.2 Twin Turbo
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Car Turbocharger Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Car Turbocharger Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mono Turbo
9.6.2 Twin Turbo
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mono Turbo
10.6.2 Twin Turbo
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mono Turbo
11.6.2 Twin Turbo
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mono Turbo
12.6.2 Twin Turbo
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mono Turbo
13.6.2 Twin Turbo
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Car Turbocharger Market: Competitive Dashboard
14.2 Global Electric Car Turbocharger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 BorgWarner
14.3.3 MHI
14.3.4 IHI
14.3.5 Cummins
14.3.6 Bosch Mahle
14.3.7 Continental
14.3.8 Hunan Tyen
14.3.9 Weifu Tianli
14.3.10 Kangyue
14.3.11 Weifang Fuyuan
14.3.12 Shenlong
14.3.13 Okiya Group
14.3.14 Zhejiang Rongfa
14.3.15 Hunan Rugidove
