Rising Strides for Emission Control to be in Favor of Automotive Turbochargers M
Posted by Arslan on February 14th, 2019
Turbochargers are steadily permeating the automotive sector, weighed by manufacturers as a tool to curtail environmental pollution by enhancing fuel efficiency. Emphasis on maintaining cleanliness of fossil fuel engines continues to influence the use of automotive turbocharger in vehicles. Fact.MR foresees that the demand for automotive turbocharger is projected to expand at a CAGR of 4.7% in terms of value during the period of forecast, 2017-2022. Sales of automotive turbocharger worldwide are likely to cross a valuation of US,000 Mn, says Fact.MR.
Increasing fuel prices have largely impacted sales of vehicles across the globe. This is likely to fuel the adoption of automotive turbocharger on the back of high fuel efficiency. Original equipment manufacturers have initiated fine tuning of automotive turbocharger in a bid to cater to the growing demand from customers. This has resulted in an upswing in automotive turbocharger sales, in turn pushing the growth of the turbocharger market.
Penetration of Turbochargers in Gasoline Powered Vehicles to Rev up Growth of Automotive Turbochargers Market
Engine downsizing has been considered as one of the most lucrative aspects in the automotive turbochargers market. The rising popularity of engine downsizing is pushing the growth of automotive turbochargers market. The use of smaller engine in vehicles is gaining high momentum in automotive turbochargers market as it helps cutting down emissions efficiently. Engine downsizing is also believed to contribute to vehicle’s fuel efficiency as their fuel consumption ratio is minimum, thereby standing out being lucrative in automotive turbochargers market.
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Automotive turbochargers are turbine-driven induction devices, which amplify the efficiency and output of internal combustion engines. These devices are deployed to direct more fuel into combustion chamber in case the vehicle’s atmospheric pressure fails to keep up with desired output. Turbochargers are weighed as a viable commodity by car manufacturers which is relied upon for keeping fossil fuel engines cleaner.
This report on automotive turbochargers market features companies operating in the automotive turbochargers market. Some of the key companies listed in this report on automotive turbochargers market include IHI Corporation, Continental AG., Robert Bosch Limited, BorgWarner Inc., Honeywell International Inc., Turbo Energy Private Limited, Mitsubishi Heavy Industries Ltd., Eaton Corporation PLC, Rotomaster International, Precision Turbo & Engine Inc., Turbonetics Inc., and THE TURBO ENGINEERS GmbH.
Aftermarket continues to remain a lucrative sales channel for automotive turbocharger on the back of increasing product popularity coupled with growing need for replacements in a bid to comply with strict engine emission norms. On the contrary, rising production of vehicles along with increasing demand for reduced vehicle weight is expected to steadily push sales of automotive turbocharger through OEM (original equipment manufacturers) channel during the period of forecast, 2017-2022. According to Fact.MR report, sales of automotive turbocharger through aftermarket channel are estimated to surpass US$ 12,000 Mn by end of the assessment period.
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About the AuthorArslan
Joined: December 18th, 2017
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