Turbocharger Market Turbocharger Market Forecast, 2016-2024 | 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