Global Industrial Turbocharger Industry

Global Industrial Turbocharger Industry

  • April 2021 •
  • 377 pages •
  • Report ID: 5957102 •
  • Format: PDF
Abstract:
- Global Industrial Turbocharger Market to Reach $22.7 Billion by 2027
- Amid the COVID-19 crisis, the global market for Industrial Turbocharger estimated at US$11 Billion in the year 2020, is projected to reach a revised size of US$22.7 Billion by 2027, growing at aCAGR of 10.9% over the period 2020-2027. Diesel Turbocharger, one of the segments analyzed in the report, is projected to record 9.6% CAGR and reach US$5.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gasoline Turbocharger segment is readjusted to a revised 11.4% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 14.6% CAGR
- The Industrial Turbocharger market in the U.S. is estimated at US$3.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2027 trailing a CAGR of 14.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 9.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

- Select Competitors (Total 38 Featured) -
  • ABB Group
  • BorgWarner, Inc.
  • Bosch Mahle Turbo Systems GmbH & Co. KG
  • Comp Turbo Technology Inc.
  • Cummins, Inc.
  • Honeywell International, Inc.
  • KM Products Europe Ltd. (Komatsu)
  • Kompressorenbau Bannewitz GmbH
  • Liaoning RongLi Turbocharger Co., Ltd
  • MAN Diesel & Turbo SE
  • Marine Turbo Engineering Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Napier Turbochargers Ltd.
  • Niitsu Turbo Industries (M) Sdn Bhd
  • Precision Turbo & Engine Inc.