Turbo Charger Market – New Business Plan, Market Size, Share, Analysis and Opportunities To 2023- Key Players: Borgwarner Inc., Continental Ag, Cummins Inc., Delphi Technologies, Honeywell International Inc.

Market Analysis:

European region to Dominate the Market
Emission Regulation is the major factor, which is driving the turbocharger market. Though most of the countries are concerned about the environmental effects of the automotive emissions, regions like Europe and North America are focusing on emission regulations. Stringent Euro standards are the reasons for vehicles, in the European region, to be turbocharged.

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Many car manufacturers consider turbochargers to be a viable option to keep fossil fuel engines cleaner, thus, increasing the share of turbocharged vehicles every year. Automotive emission regulation is the major factor that is fuelling the introduction of cleaner and low-emission vehicles among automakers. Turbocharger is the component that is forcing car industry to make engines compliant to the stringent emission standards. The emission regulation authorities, who focus on cutting down the CO2 emission, are replacing existing naturally aspirated engines with turbocharged engines.

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Market Segments:
Turbo Charger Market is segmented by:
1. Engine Type: Diesel Engine, Gasoline Engine
2. End Consumers: OEM, Aftermarket
3. Vehicle Type: Passenger Vehicles, Commercial Vehicles, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Recently, Honeywell introduced Variable Nozzle Technology turbocharger, which is an advanced variable geometry turbocharger. With its advanced valve design, the turbocharger offers better performance at, both, high and low-speed conditions.

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