An automotive turbocharger is a component that helps the engine to produce additional power and improves the overall performance of the vehicle. The turbocharger has two components: turbine and compressor. It uses the exhaust air that is released after fuel and air combustion in a vehicle combustion chamber. When this exhaust air strikes the turbine blades, it causes the turbine to rotate providing intake air in the turbocharger. A compressor connected to the turbine through a shaft sucks in this air and compresses the air using the centrifugal principle. The compressed air then passes through an air cooler and enters the intake manifold of the engine. The compressed air allows the engine to burn fuel at a high volume and completely, thus improving fuel efficiency and producing more power. Automotive turbochargers help to boost engine power by increasing the intake of air in the combustion chamber, which translates into higher volumetric efficiency during the combustion process. For instance, a four-cylinder engine fitted with a turbocharger can produce the same power as a six-cylinder engine. There are three key technologies in turbocharging: wastegate turbo, which is mostly used in commercial vehicles; twin turbo; and variable geometry turbocharger (VGT), which is mostly used in passenger vehicles.
Technavio’s analysts forecast the global automotive VGT market to grow at a CAGR of 21.49% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global automotive VGT market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive VGTs.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio's report, Global Automotive VGT Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • BorgWarner • Cummins • Honeywell International • IHI • Mitsubishi Heavy Industries
Other prominent vendors • ABB • NOPORViS
Market driver • Fuel economy benefits and increased environmental awareness to drive VGT market • For a full, detailed list, view our report
Market challenge • Design complications and use of complex high-grade materials • For a full, detailed list, view our report
Market trend • Rising adoption of two-stage turbocharging technology • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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