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Global Industrial Turbocharger Market Size study, by End-user (Mining and Construction Equipment, Agriculture Equipment, Oil and Gas Industry, Power Industry, Marine Industry), by Distribution Channel (OEM, Aftermarket), and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G204A2700541EN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Industrial Turbocharger Market is valued approximately at USD 4.39 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.33% over the forecast period 2024-2032. An industrial turbocharger is a device used in various industrial applications to increase the efficiency and power output of engines by compressing the intake air before it enters the combustion chamber. This compression increases the density of the air, allowing more fuel to be burned and thereby generating more power. Industrial turbochargers are commonly used in diesel engines found in heavy machinery, power generators, ships, and locomotives. The trend in turbocharging technologies focuses on tightening emission standards and enhancing engine performance, leading to significant growth in sectors like agriculture machinery. Turbochargers improve fuel combustion and power output while reducing emissions, aligning with environmental regulations. Additionally, the use of automotive refurbished turbochargers is gaining traction, providing a cost-effective and efficient alternative for enhancing vehicle performance and sustainability.

Turbochargers, comprising turbine and compressor components, harness waste exhaust power to boost engine performance in various vehicles, from high-performance cars to light-duty vehicles. Amidst stringent emission norms, turbochargers play a pivotal role in enhancing fuel efficiency and reducing CO2 emissions from gasoline passenger cars and diesel vehicles alike. The market also witnesses advancements in vehicle hybridization, integrating turbochargers with electric propulsion systems. Beyond land transportation, turbochargers find applications in aircraft and locomotives, contributing to lower vehicular emissions and overall environmental sustainability through optimized utilization of fuels and electricity.

The key regions considered for the global Industrial Turbocharger Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Industrial Turbocharger Market in terms of revenue. The market growth in the region is being attributed to factors including the existence of major market players such as BMTS Technology GmbH and Co. KG, BorgWarner Inc., and Caterpillar Inc., in the US and Canada. In addition, these players invest in marketing and patient awareness initiatives. Stringent emission regulations are pressuring industries to adopt cleaner technologies, and efficient turbochargers can significantly reduce emissions without sacrificing power. Additionally, the rising demand for productivity gains is driving the need for powerful machinery, which industrial turbochargers perfectly address by boosting engine output. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by the region's booming industrial sector, particularly in China and India, is driving demand for powerful and efficient machinery. Industrial turbochargers deliver on both fronts by increasing engine output and lowering fuel consumption. Also, stricter emission regulations are pushing industries to adopt cleaner technologies, and efficient turbochargers can help meet these standards.

Major market players included in this report are:

BMTS Technology GmbH and Co. KG

BorgWarner Inc.

Cardone Industries Inc.

Caterpillar Inc.

Comp Turbo Technology Inc.

Continental AG

Cummins Inc.

Eaton Corp. Plc

Hitachi Ltd.

Honeywell International Inc.

IHI Corp.

Keyyang Precision Co. LTD.

Komatsu Ltd.

Kompressorenbau Bannewitz GmbH

MAHLE GmbH

The detailed segments and sub-segment of the market are explained below:

By End-user
  • Mining and Construction Equipment
  • Agriculture Equipment
  • Oil and Gas Industry
  • Power Industry
  • Marine Industry
By Distribution Channel
  • OEM
  • Aftermarket
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
Latin America
  • Brazil
  • Mexico
  • RoLA
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • RoMEA
Years considered for the study are as follows:
  • Historical year – 2022
  • Base year – 2023
  • Forecast period – 2024 to 2032
Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2022 to 2032.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL INDUSTRIAL TURBOCHARGER MARKET EXECUTIVE SUMMARY

1.1. Global Industrial Turbocharger Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By End-user
  1.3.2. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL INDUSTRIAL TURBOCHARGER MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL INDUSTRIAL TURBOCHARGER MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Stringent emission regulations
  3.1.2. Integration with electric propulsion systems
3.2. Market Challenges
  3.2.1. High treatment costs
  3.2.2. Easy availability of counterfeit industrial turbochargers
3.3. Market Opportunities
  3.3.1. Increased adoption of additive manufacturing
  3.3.2. Use in various industrial sectors

CHAPTER 4. GLOBAL INDUSTRIAL TURBOCHARGER MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL INDUSTRIAL TURBOCHARGER MARKET SIZE & FORECASTS BY END-USER 2022-2032

5.1. Segment Dashboard
5.2. Global Industrial Turbocharger Market: End-user Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Mining and Construction Equipment
  5.2.2. Agriculture Equipment
  5.2.3. Oil and Gas Industry
  5.2.4. Power Industry
  5.2.5. Marine Industry

CHAPTER 6. GLOBAL INDUSTRIAL TURBOCHARGER MARKET SIZE & FORECASTS BY DISTRIBUTION CHANNEL 2022-2032

6.1. Segment Dashboard
6.2. Global Industrial Turbocharger Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. OEM
  6.2.2. Aftermarket

CHAPTER 7. GLOBAL INDUSTRIAL TURBOCHARGER MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Industrial Turbocharger Market
  7.1.1. U.S. Industrial Turbocharger Market
    7.1.1.1. End-user breakdown size & forecasts, 2022-2032
    7.1.1.2. Distribution Channel breakdown size & forecasts, 2022-2032
  7.1.2. Canada Industrial Turbocharger Market
7.2. Europe Industrial Turbocharger Market
  7.2.1. U.K. Industrial Turbocharger Market
  7.2.2. Germany Industrial Turbocharger Market
  7.2.3. France Industrial Turbocharger Market
  7.2.4. Spain Industrial Turbocharger Market
  7.2.5. Italy Industrial Turbocharger Market
  7.2.6. Rest of Europe Industrial Turbocharger Market
7.3. Asia-Pacific Industrial Turbocharger Market
  7.3.1. China Industrial Turbocharger Market
  7.3.2. India Industrial Turbocharger Market
  7.3.3. Japan Industrial Turbocharger Market
  7.3.4. Australia Industrial Turbocharger Market
  7.3.5. South Korea Industrial Turbocharger Market
  7.3.6. Rest of Asia Pacific Industrial Turbocharger Market
7.4. Latin America Industrial Turbocharger Market
  7.4.1. Brazil Industrial Turbocharger Market
  7.4.2. Mexico Industrial Turbocharger Market
  7.4.3. Rest of Latin America Industrial Turbocharger Market
7.5. Middle East & Africa Industrial Turbocharger Market
  7.5.1. Saudi Arabia Industrial Turbocharger Market
  7.5.2. South Africa Industrial Turbocharger Market
  7.5.3. Rest of Middle East & Africa Industrial Turbocharger Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Cardone Industries Inc.
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Comp Turbo Technology Inc.
  8.3.3. Continental AG
  8.3.4. Cummins Inc.
  8.3.5. Eaton Corp. Plc
  8.3.6. Hitachi Ltd.
  8.3.7. Honeywell International Inc.
  8.3.8. IHI Corp.
  8.3.9. Keyyang Precision Co. LTD.
  8.3.10. Komatsu Ltd.
  8.3.11. Kompressorenbau Bannewitz GmbH
  8.3.12. MAHLE GmbH
  8.3.13. BMTS Technology GmbH and Co. KG
  8.3.14. BorgWarner Inc.
  8.3.15. Caterpillar Inc.

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Industrial Turbocharger Market, report scope
TABLE 2. Global Industrial Turbocharger Market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Industrial Turbocharger Market estimates & forecasts by End-user 2022-2032 (USD Billion)
TABLE 4. Global Industrial Turbocharger Market estimates & forecasts by Distribution Channel 2022-2032 (USD Billion)
TABLE 5. Global Industrial Turbocharger Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Industrial Turbocharger Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Industrial Turbocharger Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Industrial Turbocharger Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Industrial Turbocharger Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Industrial Turbocharger Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Industrial Turbocharger Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Industrial Turbocharger Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Industrial Turbocharger Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Industrial Turbocharger Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Industrial Turbocharger Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Industrial Turbocharger Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Industrial Turbocharger Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Industrial Turbocharger Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Industrial Turbocharger Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Industrial Turbocharger Market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Industrial Turbocharger Market, research methodology
FIG 2. Global Industrial Turbocharger Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Industrial Turbocharger Market, key trends 2023
FIG 5. Global Industrial Turbocharger Market, growth prospects 2022-2032
FIG 6. Global Industrial Turbocharger Market, porters 5 force model
FIG 7. Global Industrial Turbocharger Market, PESTEL analysis
FIG 8. Global Industrial Turbocharger Market, value chain analysis
FIG 9. Global Industrial Turbocharger Market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Industrial Turbocharger Market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Industrial Turbocharger Market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Industrial Turbocharger Market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Industrial Turbocharger Market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Industrial Turbocharger Market, regional snapshot 2022 & 2032
FIG 15. North America Industrial Turbocharger Market 2022 & 2032 (USD Billion)
FIG 16. Europe Industrial Turbocharger Market 2022 & 2032 (USD Billion)
FIG 17. Asia Pacific Industrial Turbocharger Market 2022 & 2032 (USD Billion)
FIG 18. Latin America Industrial Turbocharger Market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Industrial Turbocharger Market 2022 & 2032 (USD Billion)
FIG 20. Global Industrial Turbocharger Market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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