Industrial Turbocharger - Global Market Outlook (2016-2022)
According to Stratistics MRC, the Global Industrial Turbocharger market is expected to grow at a CAGR of 5.4% during the period 2015-2022. Strict emission regulations and demand from various end users are the major factors propelling the market growth. Furthermore, growth in world population and industrialization is impacting on demand for energy subsequently on industrial turbochargers. On the other hand, disturbance from diesel soaps is the major challenge faced by the market.
The mining and construction leads the market globally with the biggest market share and is expected to grow with a high CAGR during the forecast period. The growth of this segment is attributed to increasing infrastructure activities around the globe. North America and Europe are projected to be the leading markets in terms of market size, during the forecast period. Asia Pacific and Latin America are expected to witness high growth rate during the forecast period.
Some of the key players in global industrial turbocharger market include ABB, Brogwarner, Bosch Mahle TurboSystems, Comp Turbo Technology, Honeywell, Cummins, Komatsu, HS Turbochargers, Kompressorenbau Bannewitz Gmbh, Liaoning Rong Li Turbocharge, MAN Diesel Turbo, Marine Turbo Engineering Ltd., Napier Turbochargers, Mitsubishi Heavy Industries, Niitsu, Rotomaster, and Precision Turbo & Engine.
End Users Covered: Oil and gas Power Agricultural equipment Marine Mining and construction equipment Excavators Cranes Heavy Duty Demolition Grapples
Regions Covered: North America US Canada Mexico Europe Germany France Italy UK Spain Rest of Europe Asia Pacific Japan China India Australia New Zealand Rest of Asia Pacific Rest of the World Middle East Brazil Argentina South Africa Egypt
What our report offers: Market share assessments for the regional and country level segments Market share analysis of the top industry players Strategic recommendations for the new entrants Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) Strategic recommendations in key business segments based on the market estimations Competitive landscaping mapping the key common trends Company profiling with detailed strategies, financials, and recent developments Supply chain trends mapping the latest technological advancements