Automotive Turbocharger Market Trends

Growth Drivers

• Growing Consumer Demand for Cars to Use Less Fuel and Emit Fewer Emissions- Automakers who are trying to meet strict emissions and fuel economy rules find turbochargers appealing because they force more air into the combustion chamber, improving engine efficiency and reducing emissions. Turbochargers increase engine efficiency, which reduces emissions. Compressed air that enters the engine facilitates greater fuel and air mixing, which results in more thorough and clean burning. As a result, less pollution, including CO2 and NOx, is released into the atmosphere, which harms the ecosystem and increases air pollution and global warming. The average passenger automobile emits 4.6 metric tons of CO2 annually, according to EPA figures. About 8,887 grams of CO2 are released for every gallon of petrol used. With turbocharging, manufacturers may lower engine sizes and consequently emissions without sacrificing the power and performance that consumers demand.
• Growing Use of Gasoline-Powered Vehicles Contributes to The Market's Expansion- Due to their excellent performance and minimal CO2 emissions, diesel engines have become the preferred fuel option for automakers. On the other hand, because modern gasoline-powered cars are more popular and have improved in providing comparable benefits, the percentage of new registrations for diesel vehicles has been steadily declining for some years. Over the course of the projected period, this trend is anticipated to build considerable speed. According to estimates, roughly 50% of automobiles sold might have turbochargers, and growth in that percentage is anticipated to continue. The trend of using diesel engines with turbochargers to increase engine performance and fuel efficiency is gradually shifting. Given the environmental regulations, the automotive turbocharger market has benefited from the gradual change in revenue from diesel turbochargers to petrol superchargers.
• New Product Launch by Companies is a Significant Trend in Automotive Turbocharger- In an effort to assist engine manufacturers in adhering to emission regulations, Cummins introduced the seventh generation of its 400 series Variable Geometry Turbocharger (VGT). In comparison to the company's prior turbochargers, the new VGT series boasts 5% greater turbocharger efficiency. Cummins is committed to creating new technology while also advancing its current ones. The 8th generation HE400VGT, which is primarily designed to provide best-in-class performance, dependability, and durability for the 10-15L heavy-duty vehicle market, is another product that the business plans to introduce.

Challenges

• The Rise of Vehicle Turbochargers is Impacted by Installation Hazards and Turbo Lag- Cars with turbocharger systems are subject to a market constraint known as turbo lag. It is distinguished by the time it takes to reach the combustion chamber's maximum pressure before the vehicle's full performance potential is realized. Racing situations demand precise timing in order to avoid premature turbo lag, which can lead to a loss of control, particularly in tight corners when tire grip is already reduced. When turbocharger systems are installed incorrectly, the engine they are attached to may sustain serious damage. The air supply capacity of turbochargers is commonly measured in pounds per square inch (PSI) and used to evaluate them.
• Because more parts are susceptible to wear and tear over time, turbocharged engines may require more maintenance than non-turbocharged engines.
• Higher octane fuel, which can cost more than standard fuel, might be necessary for a turbocharged engine.