Automotive Variable Geometry Turbocharger Market Outlook 2021 – BorgWarner, Cummins, Honeywell International, IHI, Mitsubishi Heavy Industries

An automotive turbocharger is a component that helps the engine to produce additional power and improves the overall performance of the vehicle. The turbocharger has two components: turbine and compressor. It uses the exhaust air that is released after fuel and air combustion in a vehicle combustion chamber. When this exhaust air strikes the turbine blades, it causes the turbine to rotate providing intake air in the turbocharger. A compressor connected to the turbine through a shaft sucks in this air and compresses the air using the centrifugal principle.

Analysts forecast the global automotive VGT market to grow at a CAGR of 21.49% during the period 2017-2021.

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The compressed air then passes through an air cooler and enters the intake manifold of the engine. The compressed air allows the engine to burn fuel at a high volume and completely, thus improving fuel efficiency and producing more power. Automotive turbochargers help to boost engine power by increasing the intake of air in the combustion chamber, which translates into higher volumetric efficiency during the combustion process. For instance, a four-cylinder engine fitted with a turbocharger can produce the same power as a six-cylinder engine. There are three key technologies in turbocharging: wastegate turbo, which is mostly used in commercial vehicles; twin turbo; and variable geometry turbocharger (VGT) , which is mostly used in passenger vehicles.

the increased sales of automobiles across the globe as one of the primary growth factors for this market. Demand for passenger cars is rising in emerging economies due to increased purchasing power of consumers in addition to significant economic growth. The intense vendor competition and saturated markets have encouraged most of the global vehicle manufacturers to shift their focus to the BRIC nations which have high economic growth and subsequently create an opportunity for various automotive steering-mounted electronics vendors to promote their products and solutions in emerging markets.

Key vendors
- BorgWarner
- Cummins
- Honeywell International
- IHI
- Mitsubishi Heavy Industries

Other prominent vendors
- ABB
- NOPORViS

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Market driver
- Fuel economy benefits and increased environmental awareness to drive VGT market

Market challenge
- Design complications and use of complex high-grade materials

Market trend
- Rising adoption of two-stage turbocharging technology

Fundamentals of Table of Content:

PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles

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Posted by on Friday July 13 2018, 5:48 AM EDT. All trademarks acknowledged. Filed under Automotive, Automotive & Transportation, Automotive Manufacturing, Energy & Natural Resources, Energy Efficiency, Energy Storage, Featured Press Release, Power, Technology Hardware & Equipment, Technology, Media, & Telecommunications, Utilities. Comments and Trackbacks are open. Follow responses: RSS 2.0

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