Market Report Study Turbocharger Industry Global 2022 Forecast | Page 2

Description :
Turbocharger is an integral part of internal combustion ( IC ) engine , which improves the performance of engine by increasing the amount of air intake in the combustion chamber with the help of ejected burnt air . An IC engine requires extra air for combustion of additional fuel for large power generation that decreases its efficiency , thus , turbocharger plays a significant role in enhancing the efficiency by supplying compressed air . World turbocharger market is expected to exhibit a notable growth in the coming years as these chargers ensure optimum engine performance and enhanced fuel efficiency . Turbocharger particularly works best on high engine speed and does not require any power source to operate . It is driven by flow of burnt gases discharged by the engine . Presently , this technology is majorly used in automotive and aerospace industry . For example , manufacturers employ turbochargers in the engine of fast racing cars to generate high amount of power even under harsh and high temperature conditions .
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With the rising demand of vehicles , numerous players are trying to employ an ecofriendly and energy efficient solution in vehicle ’ s engine to reduce the fuel consumption and atmospheric pollution . Turbocharger reduces the power loss and decreases the emission of various gases from vehicles that cause air pollution . Moreover , turbochargers are compact in size , thereby , reducing the overall size of engine and vehicle . The growing application of IC engines in motor vehicles and ongoing researches on implementation of turbochargers in other sectors is expected to create huge opportunities for turbocharger manufacturers .
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The market is segmented on the basis of technology , fuel type , end user , application , industry verticals and geography . The technology segment is classified into twin turbo technology , wastegate technology and variable geometry technology . On the basis of fuel type , turbocharger market is classified as diesel turbocharger and gasoline turbocharger . The end user segment includes OEM and aftermarket . On the basis of application , the market is classified as light commercial vehicles , heavy commercial vehicles , ships & aircraft , heavy duty vehicles , and locomotive . The report also analyses various industry verticals that include aerospace & defense , automotive , marine , and agriculture & construction . Based on geography , the world turbocharger market is segmented into North America , Europe , Asia- Pacific , and LAMEA . North America is bifurcated into the U . S ., Mexico and Canada ’; whereas Europe region has been further segmented into UK , Russia , Germany and rest of the Europe . The countries covered under Asia-Pacific are China , India , Japan and rest of Asia Pacific . LAMEA includes Latin America , Middle East and Africa .
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