Global Industrial Turbocharger Market to Grow at 5% CAGR, Forecasts Stratistics MRC in Its Report Published at MarketPublishers.com15 Dec 2016 • by Natalie Aster
LONDON – The world’s market for industrial turbochargers is set to grow at a CAGR of slightly over 5% over the period 2015-2022. There is a range of factors that encourage this growth, and strict emission regulations and a rise in the demand from end-users are some of the major ones.
The growing global population and industrialization are some of the factors that influence the demand for industrial turbochargers. Still there are some challenges this market faces, and disturbance from diesel soaps is one of these challenges.
The global marketplace is ruled by the mining and construction sector which boasts the largest share of this market. It is set to showcase the highest CAGR in the years to come.
Region-wise, Europe and North America are forecast to be leaders in the global race in terms of the market size. Latin America and APAC, however, will demonstrate the highest growth rate in the offing.
There are quite many companies active in the marketplace, and ABB, MAN Diesel Turbo, Precision Turbo & Engine and Brogwarner are some of them.
In-demand research report “Industrial Turbocharger - Global Market Outlook (2016-2022)” drawn up by Stratistics MRC Pvt Ltd offers a comprehensive guide to the worldwide market for industrial turbochargers. The study starts with a trough discussion of trends of this marketplace.
It looks at drivers and restraints of the global space. The report throws light on opportunities and threats of the worldwide marketplace. The research study limelights end-users and explores emerging markets.
It contains Porter’s five forces analysis and examines the global marketplace on the basis of the following parameters: end-users and geographies. The research report investigates key developments in the world’s space.
The study profiles companies that take the lead in the global marketplace. It also forecasts development trends up to 2022.
More cutting-edge reports by Stratistics MRC are available at its page.