2020 Updates: Exclusive Automotive Turbo-Compounding System Market Insights in Times of COVID-19 | Business Opportunities, Share Estimates and Growth Forecast to 2026

The global automotive turbo-compounding system market size is expected to gain momentum on account of increasing demand for commercial vehicles. Fortune Business Insights, in its latest upcoming report, titled “Automotive Turbo-Compounding System Market Size, Share & Industry Analysis, By Product type (Mechanical Turbo Compounding System, Electric Turbo Compounding System), By Vehicle Type (Racing Cars, Heavy Commercial Vehicles)Others and Regional Forecast, 2019-2026.”, states healthy growth for the market during the forecast period. This is ascribable to growing demand for low emission light commercial vehicles (LCV) along with being fuel-efficient.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

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The technology of turbo-compounding was first used by the aerospace industry back in 1950s. Furthermore, with technological advancements, the new generation turbo-compounding engines make use of turbines to generate electric power. Additionally, an efficient system that takes advantage of waste exhaust gas within the engine to generate additional power, turbo-compounding increases efficiency largely.

Highly adopted by the commercial vehicle segment, growing urbanization and increasing sectors such as mining, construction, and logistics has propelled the use of the system that help to limit CO2 emissions with improved fuel-efficiency.

What does the Report Include?

The market report includes a detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period.

Moreover, the report includes information sourced from the advice of expert professionals from the industry by our research analyst using several research methodologies for the market. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.

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Emergence of Electric Systems to Boost Demand

Mechanical turbo-compounding system at lower power produces low engine capacity as the backpressure caused due to the turbine reduces total energy efficiency and shortens the combustion process. This results in increasing the emission levels. However, electric turbo-compounding (ETC) system uses exhaust powered turbine to propel electricity within the engine that improves efficiency of engine.

In addition to this, it helps to cut of emission levels drastically. For instance, Bowman Power, in 2017, introduced its third generation ETC that were successful in reducing cost by over 50% and helped to reduce carbon emissions. Increasing adoption of electric systems to limit the emission of harmful greenhouse gases is anticipated to boost the demand for the market during the forecast period.

Regional Analysis:

Adoption of Advanced Technologies to Surge Demand

Among the regions, the market in North America is anticipated to rise significantly during the forecast period. This is ascribable to factors such as increasing adoption of advanced technology in the region and will bolster the automotive turbo-compounding system market revenue largely.

Europe, on the other hand, is expected to register substantial growth backed by presence of major companies during the projected horizon. The market in Asia-Pacific will register healthy growth for the market during the forecast period. This is attributable to factors such as rising construction and logistic sector in the region. Furthermore, increasing demand for heavy commercial vehicles in Asia-Pacific will positively affect the market growth between 2019 and 2026.

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Competitive Landscape:

Volvo’s Introduction of D13TC Diesel System to Bolster Growth

In August 2019, Volvo Trucks North America announced its next generation turbo-compounding technology. The technology, D13TC, provides an additional improvement of 3% in the fuel-efficiency of the engine over their current 13L turbo-compound engine.

According to the company, the new D13TC engine will open up for orders by the end of the fourth quarter of 2019 and will commence production by the end of the first quarter of 2020. Furthermore, increasing investment in R&D activities by the companies will contribute to the growth of the market during the forecast period.

List of the Companies Operating in the Market:

Voith GmbH & Co. KGaA
AB Volvo
MITEC Automotive AG
Among others

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This release was published on openPR.