Market Overview:
The Global Turbo Compounding Systems Market is expected to grow at a CAGR of XX% and reach a market size of US$XX million by 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into mechanical turbo compounding systems and electrical turbo compounding systems. On the basis of application, the market is segmented into motorsport/ racing engines, heavy vehicles engine, gensets and other applications. The North American region dominates the global Turbo Compounding Systems Market with a share of XX% in 2018 followed by Europe with a share of XX%. Asia Pacific has emerged as one of fastest growing markets for Turbo Compounding Systems owing to rising demand from automotive sector in countries such as China and India. Some key players operating in this market include Cummins Inc., Eaton Corporation Plc., Robert Bosch GmbH.
Product Definition:
Turbo compounding systems are a type of power transmission system that uses a turbine to increase the speed of the input shaft. This increases the output torque and horsepower, making it an important tool for heavy machinery and vehicles.
Mechanical Turbo Compounding Systems:
The mechanical turbo compounding systems are used to increase the volumetric efficiency of a gas turbine by converting exhaust gases into useful energy. The system consists of at least one compressor, which is connected to the turbine by a flexible hose. Compressor increases the pressure ratio and velocity of gases entering the combustion chamber, thereby increasing power output from the turbine.
Increasing demand for natural gas in various sectors such as chemical processing industry is expected to drive market growth over forecast period.
Electrical Turbo Compounding Systems:
Electrical turbo compounding systems are used to increase the power output of a reciprocating engine. It is an alternative method for increasing the power of a reciprocating engine by using electrical energy as a substitute for exhaust gas.
Global Electrical Turbo Compounding Systems.
The global market size was valued at USD 1,360.0 million in 2016.
Application Insights:
The motorsport/racing engines segment dominated the global turbo compounding systems market in 2017 and is expected to witness significant growth over the forecast period. The increasing popularity of motorsports and racing events has resulted in an increased demand for high-performance engines, which, in turn, is anticipated to drive the segment growth over the forecast period.
Turbochargers are used for various purposes including improving fuel efficiency & power output of a vehicle engine as well as providing additional boost pressure when required by an engine¢â‚¬â„¢s ECU. In addition to this purpose, these devices also enhance exhaust gas flow rate which helps improve combustion quality and increase fuel octane rating; thus making them suitable across multiple applications areas.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, registering a CAGR of XX% from 2018 to 2030 owing to increasing demand for motorsports and heavy vehicles in countries such as China and India. Furthermore, rising industrialization coupled with stringent emission norms is anticipated to drive the market growth in this region.
North America accounted for over 25% of the overall revenue share in 2017 on account of high product adoption across various application segments including gensets, motorsport/racing engines, and heavy vehicles engine applications. The presence of major players involved in developing advanced turbochargers coupled with favorable government regulations pertaining to energy conservation are some factors attributing toward regional growth. Europe also contributed significantly toward industry expansion by introducing new products based on customer requirements and fueling technological advancements associated with forced induction systems used across various applications such as marine diesel engines & gas turbines power generation units (PGU).
Growth Factors:
- Increasing demand from the automotive industry for turbo compounding systems to improve fuel efficiency and reduce emissions.
- Growing popularity of hybrid and electric vehicles, which require turbo compounding systems to achieve high power densities.
- Rising demand for turbocompounded systems in stationary applications such as power generation and heating/cooling systems.
- Technological advancements that have led to the development of more efficient turbo compounding systems with smaller footprints and lower weight ratios.
Scope Of The Report
Report Attributes
Report Details
Report Title
Turbo Compounding Systems Market Research Report
By Type
Mechanical Turbo Compounding Systems, Electrical Turbo Compounding Systems
By Application
Motorsport/ Racing Engines, Heavy Vehicles Engine, Gensets, Other
By Companies
John Deere, Caterpillar, Bowman Power Group, Voith Turbo GmbH & Co KG, Mitec Automotive AG
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Turbo Compounding Systems Market Report Segments:
The global Turbo Compounding Systems market is segmented on the basis of:
Types
Mechanical Turbo Compounding Systems, Electrical Turbo Compounding Systems
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
Motorsport/ Racing Engines, Heavy Vehicles Engine, Gensets, Other
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:
- John Deere
- Caterpillar
- Bowman Power Group
- Voith Turbo GmbH & Co KG
- Mitec Automotive AG
Highlights of The Turbo Compounding Systems 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:
- Mechanical Turbo Compounding Systems
- Electrical Turbo Compounding Systems
- By Application:
- Motorsport/ Racing Engines
- Heavy Vehicles Engine
- Gensets
- Other
- 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 Turbo Compounding Systems 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
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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?
Turbo compounding systems are a type of investment account that allow investors to earn higher returns on their investments by automatically reinvesting their earnings. This system works by allowing the account holder to set up a schedule that automatically deposits new earnings into the account every day. This allows investors to receive compound interest on their deposited funds, which can result in significant increases over time.
Some of the key players operating in the turbo compounding systems market are John Deere, Caterpillar, Bowman Power Group, Voith Turbo GmbH & Co KG, Mitec Automotive AG.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Turbo Compounding Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Turbo Compounding Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Turbo Compounding Systems Market - Supply Chain
4.5. Global Turbo Compounding Systems Market Forecast
4.5.1. Turbo Compounding Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Turbo Compounding Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Turbo Compounding Systems Market Absolute $ Opportunity
5. Global Turbo Compounding Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Turbo Compounding Systems Market Size and Volume Forecast by Type
5.3.1. Mechanical Turbo Compounding Systems
5.3.2. Electrical Turbo Compounding Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Turbo Compounding Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Turbo Compounding Systems Market Size and Volume Forecast by Application
6.3.1. Motorsport/ Racing Engines
6.3.2. Heavy Vehicles Engine
6.3.3. Gensets
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Turbo Compounding Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Turbo Compounding Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Turbo Compounding Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Turbo Compounding Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Turbo Compounding Systems Demand Share Forecast, 2019-2026
9. North America Turbo Compounding Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Turbo Compounding Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Turbo Compounding Systems Market Size and Volume Forecast by Application
9.4.1. Motorsport/ Racing Engines
9.4.2. Heavy Vehicles Engine
9.4.3. Gensets
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Turbo Compounding Systems Market Size and Volume Forecast by Type
9.7.1. Mechanical Turbo Compounding Systems
9.7.2. Electrical Turbo Compounding Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Turbo Compounding Systems Demand Share Forecast, 2019-2026
10. Latin America Turbo Compounding Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Turbo Compounding Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Turbo Compounding Systems Market Size and Volume Forecast by Application
10.4.1. Motorsport/ Racing Engines
10.4.2. Heavy Vehicles Engine
10.4.3. Gensets
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Turbo Compounding Systems Market Size and Volume Forecast by Type
10.7.1. Mechanical Turbo Compounding Systems
10.7.2. Electrical Turbo Compounding Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Turbo Compounding Systems Demand Share Forecast, 2019-2026
11. Europe Turbo Compounding Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Turbo Compounding Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Turbo Compounding Systems Market Size and Volume Forecast by Application
11.4.1. Motorsport/ Racing Engines
11.4.2. Heavy Vehicles Engine
11.4.3. Gensets
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Turbo Compounding Systems Market Size and Volume Forecast by Type
11.7.1. Mechanical Turbo Compounding Systems
11.7.2. Electrical Turbo Compounding Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Turbo Compounding Systems Demand Share, 2019-2026
12. Asia Pacific Turbo Compounding Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Turbo Compounding Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Turbo Compounding Systems Market Size and Volume Forecast by Application
12.4.1. Motorsport/ Racing Engines
12.4.2. Heavy Vehicles Engine
12.4.3. Gensets
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Turbo Compounding Systems Market Size and Volume Forecast by Type
12.7.1. Mechanical Turbo Compounding Systems
12.7.2. Electrical Turbo Compounding Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Turbo Compounding Systems Demand Share, 2019-2026
13. Middle East & Africa Turbo Compounding Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Turbo Compounding Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Turbo Compounding Systems Market Size and Volume Forecast by Application
13.4.1. Motorsport/ Racing Engines
13.4.2. Heavy Vehicles Engine
13.4.3. Gensets
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Turbo Compounding Systems Market Size and Volume Forecast by Type
13.7.1. Mechanical Turbo Compounding Systems
13.7.2. Electrical Turbo Compounding Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Turbo Compounding Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Turbo Compounding Systems Market: Market Share Analysis
14.2. Turbo Compounding Systems Distributors and Customers
14.3. Turbo Compounding Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. John Deere
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Caterpillar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bowman Power Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Voith Turbo GmbH & Co KG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitec Automotive AG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
