Industries > Maritime > Aircraft and Marine Turbochargers Market Report 2019-2029
Aircraft and Marine Turbochargers Market Report 2019-2029
Forecasts by Platform (Aircraft, Marine, Unmanned Aerial Vehicle (UAV)), Component (Compressor, Turbine, Shaft), Technology (Single Turbo, Twin Turbo, Electro-Assist Turbo), by Region and Analysis of Leading Companies
Factors Driving the Market Growth:
– Improvement in Engine Performance and Increased Fuel Efficiency
Currently, fuel efficiency is one of the most severe issues among customers in the automotive industry, as fuel prices are regularly rising quickly. It is therefore necessary for automotive companies to produce effective motors that can boost the effectiveness of the engine and enhance the performance of the engine. This is the main factor that creates enormous demand in the vehicle engine for turbocharger assembly.
– Increasing Demand for Fuel Efficient Engines and Gasoline Engines
The market has enormous potential for development as the sector is full of possibilities due to growing turbochargers application in gasoline motors and electric turbochargers. Currently, nearly all diesel engine cars are fitted with turbocharger technology, including boats and aircraft. Turbochargers, however, are now also finding enhanced applications in gasoline motors. This technology has produced gasoline engine dominated nations like China and the U.S., two of the fastest-growing economies. Because of their minimal contribution to environmental pollution, electric turbochargers are anticipated to be the future of turbocharger technology.
Factors Restraining the Market Growth:
– Complex maintenance structure
Compared to traditional chargers, turbochargers are costly and susceptible to overheating, which are deemed the significant constraints on market growth
Market Segmentation 2019-2029:
The Aircraft and Marine Turbochargers Market is segmented on Platform, Component, Technology and Regional basis.
– Unmanned Aerial Vehicle (UAV)
– Single Turbo
– Twin Turbo
– Electro-Assist Turbo
Focused regional forecasts and analysis explore the future opportunities:
– North America
– Global aircraft and marine turbochargers competitive environment is expected to be moderate over the period ranging 2019 – 2029 by virtue of limited manufacturers operating in this industry
– The market competition is expected to be on the basis of new product development and product pricing.
Major Market Players:
ABB Ltd., Cummins, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Main Turbo System, Textron Inc., Hartzell Engine Technologies, PBS Velka Bites, Rolls-Royce, General Electric, Jrone Turbocharger, Lycoming Engines, Continental Motors Group ,Man Energy Solutions
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CCR Ref number: KD4R6
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