Market Overview:
The global large turbocharger market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vehicles that consume less fuel and emit low levels of pollutants. Additionally, the growing demand for new energy vehicles is also propelling the growth of this market. On the basis of type, diesel engine turbochargers are expected to account for a major share in terms of revenue in 2018 and are projected to maintain their dominance throughout the forecast period. Gasoline engine turbochargers are also anticipated to witness significant growth during this period owing to their ability reduce emissions from gasoline-powered engines and improve fuel economy by up to 25%.
Product Definition:
A large turbocharger is one that has a significantly larger compressor and turbine housings than a small turbocharger. A large turbocharger can provide more airflow and higher boost pressures for greater performance. The importance of a large turbocharger is that it can provide more power and better fuel economy for vehicles with larger engines.
Diesel Engine Turbocharger:
Diesel engine turbocharger is a device that aids in increasing the power of diesel engines by reducing exhaust gas recirculation. In simple words, it helps in making more power from same fuel input as compared to gasoline engines. It works on the principle of turbine-driven compressor which increases the pressure and volume of air supplied to engine at constant velocity irrespective of atmospheric conditions.
Gasoline Engine Turbocharger:
Gasoline engine turbocharger is a device, which aids in increasing the power output of internal combustion engines by reducing exhaust gas temperatures. Turbochargers are primarily used to increase volumetric efficiency and boost power output in vehicles, but they can also be used for stationary applications.
The basic function of turbocharger is similar to that of a supercharging station - it increases the pressure and velocity of air entering into the engine compartment, thereby helping in boosting performance.
Application Insights:
The engineering machinery segment dominated the global large turbocharger market in 2017. This is attributed to the growing use of these devices in various industries such as oil & gas, marine, automotive and aerospace. The power station segment is expected to witness significant growth over the forecast period owing to its rising demand across various applications such as municipal solid waste incineration and cement production facilities. Large turbines are used for generating electricity at power stations which require high rotational speeds for efficient operation.
The agricultural machinery segment accounted for a share of 15% in 2017 due to increasing demand from countries including India, China and Brazil where agriculture is one of the major occupations. These countries are investing significantly in new agricultural equipment which requires large amounts of energy for operating these machines efficiently resulting in increased adoption of large turbochargers across this sector over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest market over the forecast period owing to rapid industrialization and increasing adoption of large turbochargers in industries, such as power generation, oil & gas industry, mining industry. The region accounted for a share of more than 35% in 2017. China is anticipated to witness significant growth on account of rising demand from end-use applications including machinery and transportation equipment among others.
Europe was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% over the forecast period owing to growing automotive sector along with technological advancements associated with fuel efficiency coupled with emission norms set by European Union (EU).
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for large turbochargers is expected to grow at a CAGR of more than 5% from 2016 to 2021. This can be attributed to the increasing demand for fuel-efficient vehicles across the globe.
- Stringent emission norms: Stringent emission norms are also one of the key growth drivers for this market. Governments across different countries are implementing stringent emission norms in order to reduce environmental pollution levels. This is resulting in an increase in the demand for large turbochargers, as they help improve engine performance and reduce emissions levels significantly.
- Technological advancements: The advancement of technology has led to the development of new and innovative turbocharger technologies, such as variable geometry turbochargers (VGTs) and twin scroll turbos, which are helping boost the sales of large turbochargers globally. These technologies offer better performance and efficiency than traditional turbos, thus resulting in their increased adoption by automakers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Large Turbocharger Market Research Report
By Type
Diesel Engine Turbocharger, Gasoline Engine Turbocharger, New Energy Engine Turbocharger
By Application
Power Station, Engineering Machinery, Agricultural Machinery, Others
By Companies
Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Honeywell, 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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Large Turbocharger Market Report Segments:
The global Large Turbocharger market is segmented on the basis of:
Types
Diesel Engine Turbocharger, Gasoline Engine Turbocharger, New Energy Engine Turbocharger
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
Power Station, Engineering Machinery, Agricultural Machinery, Others
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
- Honeywell
- Shenlong
- Okiya Group
- Zhejiang Rongfa
- Hunan Rugidove
Highlights of The Large 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:
- Diesel Engine Turbocharger
- Gasoline Engine Turbocharger
- New Energy Engine Turbocharger
- By Application:
- Power Station
- Engineering Machinery
- Agricultural Machinery
- Others
- 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 Large 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
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- Consumer Insights
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- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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?
A large turbocharger is a type of turbocharger that is larger than a small turbocharger. Large turbos are typically used on high-performance cars and trucks. They provide increased power and torque, making them ideal for vehicles that require more performance.
Some of the major companies in the large turbocharger market are Honeywell, BorgWarner, MHI, IHI, Cummins, Bosch Mahle, Continental, Hunan Tyen, Weifu Tianli, Kangyue, Honeywell, Shenlong, Okiya Group, Zhejiang Rongfa, Hunan Rugidove.
The large turbocharger market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Large 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 Large Turbocharger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Large 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 Large 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 Large Turbocharger Market Size & Forecast, 2020-2028
4.5.1 Large Turbocharger Market Size and Y-o-Y Growth
4.5.2 Large 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 Diesel Engine Turbocharger
5.2.2 Gasoline Engine Turbocharger
5.2.3 New Energy Engine Turbocharger
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 Power Station
6.2.2 Engineering Machinery
6.2.3 Agricultural Machinery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Large 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 Large 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 Diesel Engine Turbocharger
9.6.2 Gasoline Engine Turbocharger
9.6.3 New Energy Engine Turbocharger
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 Power Station
9.10.2 Engineering Machinery
9.10.3 Agricultural Machinery
9.10.4 Others
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 Diesel Engine Turbocharger
10.6.2 Gasoline Engine Turbocharger
10.6.3 New Energy Engine Turbocharger
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 Power Station
10.10.2 Engineering Machinery
10.10.3 Agricultural Machinery
10.10.4 Others
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 Diesel Engine Turbocharger
11.6.2 Gasoline Engine Turbocharger
11.6.3 New Energy Engine Turbocharger
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 Power Station
11.10.2 Engineering Machinery
11.10.3 Agricultural Machinery
11.10.4 Others
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 Diesel Engine Turbocharger
12.6.2 Gasoline Engine Turbocharger
12.6.3 New Energy Engine Turbocharger
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 Power Station
12.10.2 Engineering Machinery
12.10.3 Agricultural Machinery
12.10.4 Others
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 Diesel Engine Turbocharger
13.6.2 Gasoline Engine Turbocharger
13.6.3 New Energy Engine Turbocharger
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 Power Station
13.10.2 Engineering Machinery
13.10.3 Agricultural Machinery
13.10.4 Others
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 Large Turbocharger Market: Competitive Dashboard
14.2 Global Large 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 Honeywell
14.3.12 Shenlong
14.3.13 Okiya Group
14.3.14 Zhejiang Rongfa
14.3.15 Hunan Rugidove
