Press release
Global Turbocharger Market Research and Forecast, 2018-2023
Turbocharger Market
“Demand for fuel-efficient engines likely to boost turbocharger market across the globe”
According to OMR analysis, the global turbocharger market is estimated to grow significantly during the forecast period 2018-2023. The global turbocharger market is segmented on the basis of industry, technology, end-user, engine type and regional outlook. The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.
Full report of global turbocharger market is available at https://www.omrglobal.com/industry-reports/turbocharger-market/
Growing demand for low emission vehicles, rising demand for cost-effective and fuel-efficient engines, and continuous technological advancements in automotive sector are some of the factors that are fueling the market. Turbochargers are the devices that are used to increase fuel efficiency without altering the power of an engine. In automobile, turbochargers use exhaust gas to drive a turbine which spins an air compressor. This pushes extra air into the engine cylinders which ultimately allows them to burn more fuel each second. Turbochargers are used in many verticals including automotive, aerospace & defense, marine, and agriculture & construction. Significant use of turbochargers in automotive sector can be attributed to its wide range of catering to numbers of application in cars, agriculture vehicles, construction vehicles, sports car and many more.
On the basis of geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Europe is expected to dominate the market due to significantly higher turbocharged vehicles sales in the region. According to Honeywell International, Inc., more than 50% of the global turbocharged vehicles were sold in Europe in 2016. Moreover, various market players are keenly introducing diesel turbocharged engines in the region which is further augmenting the market growth. North America and Asia-Pacific region is expected to follow Europe in terms of market share. Surging electric vehicles sales coupled with diesel turbocharged engines are fueling the auto industry of these two regions. Furthermore, Asia-Pacific region is expected to witness the highest growth than any other region. The growth of the region can be attributed to rapidly emerging automotive industry coupled with increasing automotive vehicle demand in emerging economies of the region such as China, India, South Korea and so on.
The report covers
Comprehensive research methodology of global turbocharger market.
This report also includes a detailed and extensive market overview with analyst insights & key market trends.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global turbocharger market.
Insights about market determinants which are stimulating the global turbocharger market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
For related reports please visit https://www.omrglobal.com/reports-category/energy/
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About Orion Market Research
Orion Market Research (OMR) a research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company aims to provide business insights for decision making to the global clients and offers quality syndicated research reports, customized research reports, Company profiling, consulting and other research-based services. OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.
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Company Name: Orion Market Research
Contact Person: Anurag Tiwari
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