Market Overview
The Global Automotive Turbocharger Market is expected to grow at a CAGR of 9.58% during the forecasting period (2020-2027).
Turbochargers are turbine-driven forced induction devices that improving engines volumetric efficiency by increasing density of the intake gas allowing more power per engine cycle. The turbocharger is used in vehicles such as passenger car, commercial vehicle and high duty vehicle.
The turbine in the turbocharger spins at speeds of up to 150,000 rotations per minute, i.e., about 30 times faster than most car engines can go.
Turbochargers are the most affordable green technology available, as it increases fuel efficiency in engine downsizing without compromising performance.
A turbo fitted to a small engine is equaled to the power of a large engine combined with fuel efficiency and improved emissions of a small engine it delivers up to 20% better fuel economy in vehicles with gasoline engines and up to 40% fuel savings on diesel engines.
International Council on combustion engines (IMO) III regulation 2016 to reduce the specific Nitrogen Oxides (NOx) emissions (about -80% compared to the IMO I values) needs to be achieved in the ECA’s (Emission Control Areas). Sulphur-oxides (Sox) and particulate matter (PM) emissions are to be controlled by limiting the sulfur content of the fuel used in the turbocharger system.
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Automotive Turbocharger Market Drivers & Restraints
Fuel-efficiency regulations are driving the use of turbochargers in vehicles and boosting revenue for the Turbocharger manufacturing industry. This is driving the global automotive turbocharger market.
Rising consumer spending will also increase automotive production, leading to the greater implementation of turbochargers in fuel-efficient vehicles. This will further boost the market for a global automotive turbocharger in the forecast period.
Automotive Turbocharger Market Restraints
In larger turbocharger, reaching the boost threshold can provide an almost instantaneous surge in power, which could compromise tire traction or cause some instability of the car. This may downstream from the global automotive turbocharger market.
The turbochargers get very hot and often tap into the engine’s oil supply. This calls for additional plumbing and is more demanding on the engine oil. Superchargers typically do not require engine oil lubrication. This is a significant restraint for the global automotive turbocharger market.
Automotive Turbocharger Market Segmentation Analysis
BY ENGINE TYPE
· Diesel engine
· Gasoline engine
BY VEHICLE TYPE
· Passenger car
· Commercial vehicle
· Heavy duty vehicle
By Geography
Turbocharger sales in the United States got a boost when the federal government’s corporate average fuel economy targets were raised to 35.5 mpg by 2016.
Europe is the leading region regarding turbocharger adoption across light and commercial vehicles, exceeding 70% penetration by 2015.
Automotive Turbocharger Market Competitive Trends
The major players for the global automotive turbocharger market are BorgWarner and Cummins, which collectively account for 77.3% of revenue 2017.
Cummins has developed a highly optimized mixed flow turbine stage and a revolutionary turbine exit diffuser design with wastegate flow control, and optimization of the compressor stage.
To improve the performance and efficiency of heavy-duty commercial wastegate turbochargers by using advanced computer modeling and real-world lab testing. This new approach has resulted in improvement in turbocharger efficiency by up to 6% and fuel efficiency of 1.5%.
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