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

Description

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
8.2. 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