Global Industrial Diesel Turbocharger Market, By End-User (Mining and Construction Equipment, Agriculture Equipment, Oil and Gas Industry, Power Industry, Marine Industry), Sales Channel (OEM, Aftermarket), Technology (Twin-Turbo, Wastegate Technology, Variable Geometry Technology), Application (Light Commercial Vehicle, Heavy Commercial Vehicle, Ships & Aircrafts, Agriculture & Construction, Locomotives), Material (Cast Iron, Aluminum), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Industrial Diesel Turbocharger Market Analysis and Insights
Industrial diesel turbocharger market will reach at an estimated value of USD 7064.36 million and grow at a CAGR of 8.50% in the forecast period of 2021 to 2028. Rising improved engine performance and fuel efficiency is an essential factor driving the industrial diesel turbocharger market.
Turbocharger is defined as an integral part of internal combustion (IC) engine, that help in improving its performance by increasing the amount of air intake in the combustion chamber with the help of ejected burnt air. An IC engine also requires extra air for combustion of additional fuel for generating large power that decreases its efficiency, thus, turbocharger plays a vital role in increasing the efficiency by supplying compressed air.
Rising government regulations is a crucial factor accelerating the market growth, also increase in engine downsizing to reduce vehicle weight, rising benefits of industrial turbocharger over the aspirated engine of identical power output, rising awareness among the people regarding the innovative technologies, rising disposable income of consumers in advanced countries, rising Shift in the consumer trend towards green vehicle and rising demand for hybrid, variable geometry, and twin turbochargers and colossal investment by the automotive sector to incorporate fuel-efficient, low noise, and cleaner emission-quality in vehicles are the major factors among others boosting the industrial diesel turbocharger market. Moreover, rising demand for fuel efficient engines and gasoline engines, increasing technological advancements and modernization in the production techniques and rising demand from the emerging economies will further create new opportunities for industrial diesel turbocharger market in the forecast period mentioned above.
However, excessive rise in the engine temperature due to overheating issue in turbochargers is the vital factor among others restraining the market growth, and will further challenge the industrial diesel turbocharger market in the forecast period mentioned above.
This industrial diesel turbocharger market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on industrial diesel turbocharger market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Industrial Diesel Turbocharger Market Scope and Market Size
Industrial diesel turbocharger market is segmented on the basis of end-user, sales channel, technology, application and material. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of end-user, industrial diesel turbocharger market is segmented into mining and construction equipment, agriculture equipment, oil and gas industry, power industry and marine industry.
- Based on sales channel, the industrial diesel turbocharger market is segmented into OEM and aftermarket.
- Based on technology, the industrial diesel turbocharger market is segmented into twin-turbo, wastegate technology and variable geometry technology.
- Based on application, the industrial diesel turbocharger market is segmented into light commercial vehicle, heavy commercial vehicle, ships & aircrafts, agriculture & construction and locomotives.
- The industrial diesel turbocharger market is also segmented on the basis of material into cast iron and aluminum.
Industrial Diesel Turbocharger Market Scope Country Level Analysis
Industrial diesel turbocharger market is analysed and market size, volume information is provided by country, end-user, sales channel, technology, application and material as referenced above.
The countries covered in the industrial diesel turbocharger market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the industrial diesel turbocharger market due to rising demand for steel and iron from construction, agriculture, chemicals, and electrical utilities, rise in investments in the industry, rising benefits of industrial turbocharger over the aspirated engine of identical power output and rising awareness among the people regarding the innovative technologies in this region.
The country section of the industrial diesel turbocharger market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Diesel Turbocharger Market Share Analysis
Industrial diesel turbocharger market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial diesel turbocharger market.
The major players covered in industrial diesel turbocharger market report are Cummins Inc, ABB, Honeywell International Inc., Napier Turbochargers Ltd, MITSUBISHI HEAVY INDUSTRIES, LTD, Niitsu Turbo Industries, BorgWarner Inc, Manipur Technical University, BMTS TECHNOLOGY, Liaoning RongLi Turbocharger Co.,Ltd, Precision Turbo & Engine, Comp Turbo Technology Inc., Rotomaster International. and IHI Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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