Global Industrial Turbocharger Market 2016-2020
About the Industrial Turbocharger Market
Efficiency and power of an engine or motor dictate the overall functioning of the machine. The engine output is determined by the amount of air and fuel entering the internal combustion engine under high pressure. A turbocharger is an example of a forced induction system as it supplies high pressurized exhaust gas to the engine, making more air available for combustion. This augments the functioning capacity of the engine up to four times and turbochargers usually contribute to nearly 75% of the engine’s power.
Technavio’s analysts forecast the global industrial turbocharger market to grow at a CAGR of 4.3% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial turbocharger market for 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Turbocharger Market 2016-2020
Technavio recognizes the following companies as the key players in the global industrial turbocharger market: ABB, Cummins, Honeywell, Mitsubishi Heavy Industries, and Napier Turbochargers.
Other Prominent Vendors in the market are: Brogwarner, Niitsu, MTU, Komatsu, Bosch Mahle TurboSystems, KBB, HS Turbochargers, MAN Diesel Turbo, Precision Turbo & Engine, Rotomaster, Comp Turbo Technology, and Liaoning Rong Li Turbocharge.
Commenting on the report, an analyst from Technavio’s team said: “A trend boosting market growth is predictive maintenance strategy. Industrial turbochargers are an essential part of machines, especially ships, power generators, mining, and construction equipment. Unforeseen breakdowns of industrial turbochargers and malfunctioning can significantly hamper the functioning of machines, which is potentially dangerous. For instance, failed turbochargers have rendered main engines inoperable, and ships are left stranded at sea. Hence, maintenance strategies are paramount to the optimum functioning of industrial turbochargers.”
According to the report, a key growth driver is stringent emission regulations. Emission standards are set off mandatory guidelines that regulate a number of air pollutants either gas or particulate released into the atmosphere by any human activity. They are designed to maintain human health, protect the environment, and ensure efficient use of resources.
Further, the report states that one challenge that could restrict market growth is diesel soaps disrupting industrial turbochargers.
ABB, Cummins, Honeywell, Mitsubishi Heavy Industries, Napier Turbochargers, Brogwarner, Niitsu, MTU, Komatsu, Bosch Mahle TurboSystems, KBB, HS Turbochargers, MAN Diesel Turbo, Precision Turbo & Engine, Rotomaster, Comp Turbo Technology, Liaoning Rong Li Turbocharge.
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