Industrial Turbocharger - Global Strategic Business Report

Global Industrial Turbocharger Market to Reach $9.8 Billion by 2030

The global market for Industrial Turbocharger estimated at US$7 Billion in the year 2022, is projected to reach a revised size of US$9.8 Billion by 2030, growing at a CAGR of 4.3% over the analysis period 2022-2030. Twin Turbo, one of the segments analyzed in the report, is projected to record 4.5% CAGR and reach US$4.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Variable Geometry segment is readjusted to a revised 4.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 6.7% CAGR

The Industrial Turbocharger market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Select Competitors (Total 38 Featured) -

• ABB Group
• BorgWarner, Inc.
• Bosch Mahle Turbo Systems GmbH & Co. KG
• Comp Turbo Technology Inc.
• Cummins, Inc.
• Honeywell International, Inc.
• KM Products Europe Ltd. (Komatsu)
• Kompressorenbau Bannewitz GmbH
• Liaoning RongLi Turbocharger Co., Ltd
• MAN Diesel & Turbo SE
• Marine Turbo Engineering Ltd.
• Mitsubishi Heavy Industries Ltd.
• Napier Turbochargers Ltd.
• Niitsu Turbo Industries (M) Sdn Bhd
• Precision Turbo & Engine Inc.

What's New?

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• Global competitiveness and key competitor percentage market shares
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