Turbocharger Market revenue will reach $24.07 billion by 2024 Turbocharger Market Forecast And Industry Analysis | Página 6

With innovations in technology, Diesel turbochargers
would receive a higher adoption, especially in Europe.
Diesel turbochargers are ruling the overall turbocharger
market owing to low cost of diesel and higher fuel efficiency.
Diesel is up to 30 percent more fuel efficient than gasoline,
and it already dominates many markets in Europe, where fuel
is more expensive. Exponential rise in demand of cost-
effective and fuel-efficient engines has led to a higher
adoption of turbocharger across industries such as
automotive, marine, and aerospace & defense. The diesel
turbocharger market is expected to witness a CAGR of 11.8%
during the forecast period.
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