Aircraft and Marine Turbochargers Market worth 290 Million US$ till 2023 | Global Major Manufacturers, Production and Sales Market Comparison

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The Aircraft and Marine Turbochargers Market is projected to grow from US$ 270 Million in 2018 to US$ 290 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 1.41% during the forecast period from 2018 to 2023.Several engine manufacturers are developing fuel-efficient engines for aircraft and ships. This is expected to lead to the rising demand for aircraft and marine turbochargers, thereby leading to the growth of the aircraft and marine turbochargers market across the globe.

“The compressor segment is projected to lead the aircraft and marine turbochargers market from 2018 to 2023.”
In turbochargers, there are 2 primary components of the compressors, namely, compressor wheels and compressor covers. These components have various other subsystems installed in them that are of critical designs and features. These include diffusers, which are typically designed for installation in the compressor covers. Compressor wheels are extremely expensive. They avert various premature turbocharger component failures in high boost applications in aircraft and ships.

“The North America aircraft and marine turbochargers market is projected to grow at the highest CAGR during the forecast period.”
The North America aircraft and marine turbochargers market is projected to grow at the highest CAGR from 2018 to 2023. The growth of this market can be attributed to the increased demand for aircraft from the region. Commercial airlines in the region are procuring aircraft in large numbers to meet the surging demand for air travel within and outside the region.

Break-up of profile of primary participants for this report:
• By company type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
• By Designation: C-level Executives: 35%, Directors: 25%, and Others 40%
• By Region: North America: 45%, Europe: 20%, Asia Pacific: 30%, and RoW: 5%: 10%

The Study Objectives of this report are:
• To project the size of the market and its submarkets, in terms of value, with respect to 4 key regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW), along with their respective key countries
• To understand the structure of the aircraft and marine turbochargers market by identifying its various segments and subsegments
• To profile key players in the aircraft and marine turbochargers market and comprehensively analyze their core competencies
• To define, segment, and project the global size of the aircraft and marine turbochargers industry
• To understand the competitive landscape and identify major growth strategies adopted by the leading market players across key regions
• To analyze the competitive developments such as partnerships, agreements, and collaborations; and new product launches in the aircraft and marine turbochargers industry

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#Top Key Players 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).

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