openPR Logo
Press release

Aircraft and Marine Turbochargers Market Projected to reach $290 million by 2023 | Key Players include PBS Velka Bites, Rolls-Royce, Cummins and Hartzell Engine Technologies

02-20-2019 08:51 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

MarketsandMarkets

MarketsandMarkets

According to the new market research report "Aircraft and Marine Turbochargers Market by Platform (Aircraft, Marine, Unmanned Aerial Vehicle (UAV)), Component (Compressor, Turbine, Shaft), Technology (Single Turbo, Twin Turbo, Electro-Assist Turbo) and Region - Global Forecast to 2023", The aircraft and marine turbochargers market is projected to grow from USD 270 million in 2018 to USD 290 million by 2023, at a Compound Annual Growth Rate (CAGR) of 1.41% during the forecast period. The major factors driving the growth of the aircraft and marine turbochargers market include increasing demand for fuel-efficient aircraft engines and flourishing maritime tourism across the globe.

Browse 80 market data Tables and 36 Figures spread through 126 Pages and in-depth TOC on "Aircraft and Marine Turbochargers Market - Global Forecast to 2023"
View detailed Table of Content here -
https://www.marketsandmarkets.com/Market-Reports/aircraft-marine-turbocharger-market-80540891.html

The shaft component segment of the aircraft and marine turbochargers market is projected to grow at the highest CAGR during the forecast period.

Based on component, the aircraft and marine turbochargers market has been segmented into compressor, turbine, shaft, and others. The shaft segment of the market is projected to grow at the highest CAGR from 2018 to 2023. Shafts are considered to be the most critical and costly part of aircraft and marine turbochargers.

Request for Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=80540891&utm_source=OpenPR

Based on platform, the UAV segment of the aircraft and marine turbochargers market is projected to grow at the highest CAGR during the forecast period.

The UAV segment of the market is projected to grow at the highest CAGR from 2018 to 2023. The UAV segment has been further classified into tactical UAV, strategic UAV, and special purpose UAV. The market for strategic UAVs is projected to grow during the forecast period due to their increased demand across the globe, owing to their compact and efficient engines.

The European region is projected to lead the aircraft and marine turbochargers market during the forecast period.

The European region is estimated to account for the largest share of the aircraft and marine turbochargers market in 2018. The growth of the Europe aircraft and marine turbochargers market can be attributed to the presence of a large number of turbocharger manufacturers in the region that include PBS Velka Bites (the Czech Republic), Rolls-Royce (UK), and ABB (Switzerland), among others. The aircraft and their components industries in the European region are aiming to use new and advanced materials such as glass-fibers, advanced composites, and metallic materials for manufacturing turbochargers. The growth of the maritime sector in the region is one of the most significant factors contributing to the rising demand for marine turbochargers in the region.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=80540891&utm_source=OpenPR

Major vendors in the aircraft and marine turbochargers market include are Hartzell Engine Technologies (US), PBS Velka Bites (the Czech Republic), Rolls-Royce (UK), Mitsubishi Heavy Industries (Japan), Main Turbo Systems (US), ABB (Switzerland), Cummins (US), Kawasaki Heavy Industries (Japan), and MAN Energy Solutions (Germany).

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Aircraft and Marine Turbochargers Market Projected to reach $290 million by 2023 | Key Players include PBS Velka Bites, Rolls-Royce, Cummins and Hartzell Engine Technologies here

News-ID: 1602215 • Views: 314

More Releases from MarketsandMarkets™

Middle East Cloud Applications Market Projected To Reach Approximately $4.5 Bill …
According to a research report "Middle East Cloud Applications Market by Application (ERP, CRM, HCM, SCM, and Business Intelligence and Analytics), Organization Size, Vertical (BFSI, Manufacturing, and Telecommunications), and Country - Forecast to 2024", published by MarketsandMarkets, the Middle East cloud applications market is expected to grow from USD 2.0 billion in 2019 to USD 4.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 17.5% during the
Endpoint Security Market worth $18.4 billion by 2024 | MarketsandMarkets™
According to a research report "Endpoint Security Market by Solution (Endpoint Protection Platform and Endpoint Detection and Response), Service, Deployment Mode, Organization Size, Vertical (Healthcare, Retail and eCommerce, and Government), and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global endpoint security market size is expected to grow from USD 12.8 billion in 2019 to USD 18.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of
Data Center Liquid Cooling Market will reach to $3.2 billion by 2024
According to a new market research report "Data Center Liquid Cooling Market by Component (Solution and Services), End User (Cloud Providers, Colocation Providers, Enterprises, and Hyperscale Data Centers), Data Center Type, Enterprise, and Region - Global Forecast to 2024" published by MarketsandMarkets™, the data center liquid cooling market size expected to grow from USD 1.2 billion in 2019 to USD 3.2 billion by 2024, at a Compound Annual Growth Rate
Push to Talk Market will reach to $38.4 billion by 2024
According to a new market research report "Push to Talk Market by Component (Hardware, Solutions, and Services), Network type (LMR and Cellular), Organization Size (SMEs and Large Enterprises), Vertical (Public Safety, Government and Defense, Commercial), and Region - Global Forecast to 2024" published by MarketsandMarkets™, the push to talk market size to grow from USD 25.0 billion in 2019 to USD 38.4 billion by 2024, at a Compound Annual Growth

All 5 Releases


More Releases for MarketsandMarkets

Electric Powertrain Market Insights by 2027| MarketsandMarkets
The Global Electric Powertrain Market size is projected to reach $191.4 billion by 2027, from an estimated $62.9 billion in 2019, at a CAGR of 14.9 %. The electric powertrain market is expected to witness rapid growth due to stringency in emission norms which is pushing automakers to come up with electrified powertrain technologies. Between 2025 and 2030, emission standards would require automakers to reduce CO2 emissions by 15% and
Automotive Interior Market - Global Forecast to 2025 | MarketsandMarkets
According to the new market research report "Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric), Autonomous Driving (Semi-autonomous, Autonomous), Electric Vehicle, Vehicle Type and Region - Global Forecast to 2025 " Published by MarketsandMarkets™, The global Automotive Interior Market is projected to reach USD 153.8 billion by 2025 from USD 123.2 billion in 2020, at a CAGR of 8.8% during the forecast
Automotive Fuse Market Insights by 2025| MarketsandMarkets
The Automotive Fuse Market is projected to grow at a CAGR of 6.84% during the forecast period, to reach $24.33 Billion by 2025 from $14.33 Billion in 2017. The market is estimated to grow in the near future owing to various factors such as an increase in vehicle production, growing electrification, growing importance of safety & comfort features in mid-segment vehicles which will lead to increase in the number of
Global Connected Car Market by 2025| MarketsandMarkets
According to recent research "Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025", The global connected car market is estimated to be USD 72.89 billion in 2017 and is projected to reach USD 219.21 billion by 2025, at a CAGR of 14.8% from 2017 to 2025.
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand
Latest Report on Top 10 Mobility Technologies by MarketsandMarkets
According to the new market research report "Top 10 Mobility Technologies Market by Technology (Bluetooth, Wearable Technology, Mobile Augmented Reality, Wireless Gigabit, Cellular IoT, Mobile Biometric, Automotive V2X, Wireless Charging For Consumer Electronics) & Geography - Global Forecast to 2022", the market is expected to grow at a significant rate between 2016 and 2022. This report covers the major mobility technologies such as cellular IoT, wireless gigabit, mobile augmented