Electric Turbocharger Market 2023 Development Strategy, Competitive Landscape and Regional Forecast to 2032

"The Electric Turbocharger Market size was estimated to be around USD 130.81 million in 2019, the market is further estimated to grow with the annual growth rate of more than 21% during the forecast period to reach USD 695.81 million by 2028. The Electric Turbocharger Market research analyses every profile of the number of major suppliers briefly. It also provides an in-depth analysis of supply-demand data in the end-use industry. It also analyses positive and negative impacts related to the target customer demand. Detailed analyses of total market dynamics have been tackled in order to give you an overall competitive advantage.

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Revenue from turbocharger sales is expected to rise globally through 2022 as an increase in content per vehicle can be expected to outpace the decrease in unit price. The market is likely to see a boost in the relative market share for gasoline turbochargers, with higher content per turbocharger than their diesel counterparts. As downsizing requirements are raised, more (complex) turbochargers will be used to compensate for the lower power of smaller engines. Technology shifts from wastegate to VGTs and electric superchargers, which will drive revenue growth for suppliers. Turbochargers are considered to be one of the key levers for reducing consumption and emissions in combustion engine and hybrid vehicles while maintaining engine performance.

The research is a great blend of qualitative and quantitative data, covering significant market developments, industry and competitive issues, gap analysis, and new opportunities and trends in the Electric Turbocharger Market. The report's goal is to give cutting-edge market knowledge and assist decision makers in making smart investment decisions by presenting an overview of the Global Electric Turbocharger Market. Additionally, the research identifies and analyses upcoming trends, as well as important drivers, challenges, and opportunities.

Competitive Analysis:

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world: GARRETT MOTION INC, CALNETIX TECHNOLOGIES, LLC, IHI CORPORATION, ELECTROCRAFT, INC, BMTS TECHNOLOGY (Bosch Mahle Turbosystems GmbH), TORQAMP, Alvier Mechatronics GmbH,

Segmentation:

The Electric Turbocharger Market report offers critical data based on systematic market segmentation. This study divides the market into multiple segments, including type, technology, application and geographic regions. In addition, the report includes other details, such as product use, production capacity, production information, and supply and demand market analysis. This study covers this segment's retail sales, share and market revenue for the periods 2023-2032. The Electric Turbocharger Market is segmented By Vehicle Type(Passenger, Commercial And Sports Vehicle), By Material(Magnetic And Non-Magnetic), By Application (Single-Turbo, Twin-Turbo And Other)

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Growth Factor of Electric Turbocharger Market

• Stringent Regulations to Curb Vehicular Emission is Expected to Drive the Market Growth

• Rapid Growth in the Production and Sales of Automobiles to Drive the Growth of the Market

The new trend of engine downsizing in the automobiles has become one of the most essential and beneficial aspects in the automotive electric turbocharger market. The electric turbos boost the engine power without affecting the movement of the pistons. This has influenced the downsizing of engines with greater fuel efficiency, and high performance in vehicles. The automotive manufacturers are working towards decreasing the number of cylinders and piston displacement thereby integrating electric turbochargers. This will help enhance the engine power with the assistance of electric motors. The growing popularity of engine downsizing in vehicles is leading to the growth of the market for automotive electric turbocharger.

Recent Developments:

• In June 2021, Garrett Motion Inc announced that it plans to expand and modernize its existing production facility in Wuhan, China, to meet increasing customer demand.

• In May 2021, BorgWarner has entered into a global agreement to supply its advanced eTurbo to a major European OEM for high-voltage hybrid passenger cars.

• In October 2019, Garrett Motion Inc developed E-Turbo for mass market passenger vehicles that add a small electric motor on the shaft between two wheels to boost the turbo immediately off idle. This eliminates lags between the times a driver hits the accelerator and felt acceleration.

• In June 2019, ABB launched its A200-H turbocharger designed to offer a simple, single-stage high-performance solution for gas engines and cost-effective solutions for the 22-24 BMEP range.

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Regional Analysis of Global Electric Turbocharger Market:

Each of the regional market segments is analysed and studied in the sense of the major regional spectrum of market reach in the market report. The study also provides a comprehensive overview of key insights, such as import, export, development, demand and consumption. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), Europe (Germany, France, United Kingdom, Russia and Italy), North America (United States, Canada, and Mexico), South America (Brazil, Argentina) and the Middle East and Africa (UAE, Egypt, Saudi Arabia, and South Africa) are some of the regions included by this research study.

North America: U.S., Canada, Rest of North America

Europe: France, UK, Spain, Germany, Italy, Rest of Europe

Asia Pacific: China, Japan, India, South Korea, Rest of Asia Pacific

The Middle East & Africa: Saudi Arabia, South Africa, Rest of the Middle East & Africa

Latin America: Brazil, Argentina, Rest of Latin America

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What can you anticipate from the report on the Global Electric Turbocharger Market?

• Future forecasts for Electric Turbocharger made during the forecast period.

• Up-to-date information about Lightweight Materials industry innovations, trends, devices, methods, and goods.

• A thorough examination of market segmentation based on kinds, devices, and goods.

• Government laws and economic variables influencing Electric Turbocharger expansion.

• A look at the most well-known manufacturers.

• The market's demographics by region.

Conclusion:
The study is a compilation of Electric Turbocharger-hand data, qualitative and quantitative data by industry analysts, and inputs from market experts and key participants over the value chain process. The study offers an in-depth analysis of the present market trends, micro and macro-economic pointers, and governing factors, along with industry attractiveness according to the segments. The report also maps the qualitative impact of various market factors on market segmentations and geographies.

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