Turbocharger Market revenue will reach $24.07 billion by 2024 Turbocharger Market Forecast And Industry Analysis | Page 3

Twin turbo technology emerged out as the most adopted
technology for turbochargers
The twin-turbo also called as bi-turbo refers to a turbocharged
engine in which two turbochargers compress the intake charge
and use it for the combustion. As a result of less piping
requirement and reduced turbo lag, the twin turbo market held
approx. 44% of the overall turbocharger market in 2016 and is
witnessed to dominate the market throughout the forecast period
of 2017-2024, having a CAGR of 10.8%. However, the variable
geometry turbochargers are expected to experience the fastest
growth having a CAGR of 12.3% during the entire forecast period.
3