Automotive Turbochargers Market Size, Analysis, and Forecast Report: 2014-2020

A turbocharger is a type of forced induction system that utilises energy of exhaust gases from the engines via a turbine. This helps in the induction of an ample volume of air into combustion chamber. The power output of the engine can be enhanced by increasing the volume of inlet fuel air mixture, which could be easily achieved with use turbochargers. It utilises the energy of exhaust gases from the engine to compress the inlet air and feed it into the engine to create a better air to fuel ratio. Turbochargers are considered one of the most important automotive accessories in today’s time not only to boost acceleration, but to increase the efficiency of the engines in terms of power and output.

Turbochargers are useful in helping the automotive industryto meet the norms and standards regarding the emission of exhaust gasses such as CO2, nitrous oxide, and particulate materials from the automobile. Augmentation of the engine with a turbocharger helps in addressing the increasing demand for fuel-efficient vehicles from consumers.

Ask for Free Sample Report@

http://www.futuremarketinsights.com/reports/sample/rep-gb-135

The global turbocharger market is expected to grow approximately twofold from 2014 to 2020. The global market for turbochargers is growing at a CAGR of around 10-12%. The European market commands nearly half of the turbocharger market, followed by Asia and North America. The penetration rate of turbochargers in the North American vehicular fleet is comparatively less thanin other regions. The global market has been witnessing an increase in demand from Asia Pacific, whereas the European market is expected to exhibit sluggish growth due to low automotive demand and stagnant economic conditions.

The global turbocharger market can be segmented on the basis of vehicle types such as light commercial vehicles (LCV), heavy commercial vehicles (HCV) and passenger vehicles (PV). Currently, the PV segment is the largest contributor to the market....