The global Industrial Diesel Turbocharger market was valued at US$ 4670.5 million in 2020 and it is expected to reach US$ 6730.9 million by the end of 2027, growing at a CAGR of 5.2% during 2021-2027.
A turbocharger consists of two main components, which are the turbine and the compressor. The turbine comprises a turbine wheel and turbine housing. A turbocharger features a compressor wheel and exhaust gas turbine wheel coupled together by a solid shaft, which is used to boost the intake air pressure of an internal combustion engine. The industrial diesel turbocharger market is driven by factors such as the increasing energy demand and rapid developments in the marine industry. However, high maintenance and operational costs are expected to restrain market growth. The growing demand for industrial diesel turbocharger across emerging economies is expected to create growth opportunities for market players.
Industrial diesel turbocharger manufacturers include Garrett Honeywell, BorgWarner, Cummins Turbo and MHI etc. The top 4 companies hold a share about 60%. Europe takes up the largest production market, with a share nearly 50%, followed by Asia Pacific and North America with the share about 35% and 15%.
Global Industrial Diesel Turbocharger Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Industrial Diesel Turbocharger Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Garrett Honeywell, BorgWarner, Cummins Turbo, MHI, IHI, Weifu Tianli, Turbo Energy, Hunan Tyen, Kangyue, Weifang Fuyuan, Bosch Mahle, Shenlong, Okiyia Group, Zhejiang Rongfa and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
Segment by Application
- Power Generation
- Agricultural Equipment
- Construction Equipment
- Mining Equipment
- Commercial Vehicles
Table of Content:
1 Industrial Diesel Turbocharger Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Industrial Diesel Turbocharger Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Industrial Diesel Turbocharger Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta