Global Marine Turbocharger Market, By Type (Commercial, Private, Navy), Technology (Single Turbocharger, Twin-Turbocharger, Electro-Assist Turbocharger and Variable Geometry Turbocharger (VGT)), Component (Compressor, Turbine, Shaft, Others), Operation (Axial Flow Turbocharger, Radial Flow Turbocharger), End-Use Industries ( Navy & Defence Systems, Cargo & Shipping Industries, Fisheries, Oil & Gas), Application (Cargo Ships, High Speed Boats, Cruises, Naval Ships), System (Constant Pressure System Turbocharging, Pulse System Turbocharging), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Marine Turbocharger Market
Marine turbocharger market will reach at an estimated value of USD 1030.41 billion and grow at a CAGR of 8.00% in the forecast period of 2021 to 2028. Rising surging sales of recreational boats is an essential factor driving the marine turbocharger market
Turbocharger is defined as an integral part of internal combustion (IC) engine, which help in improving its performance by increasing the amount of air intake in the combustion chamber with the help of ejected burnt air. An IC engine also requires extra air for combustion of additional fuel for generating large power that decreases its efficiency, thus, turbocharger plays a vital role in increasing the efficiency by supplying compressed air.
Growing seaborne trade activities along with increasing ship production is a crucial factor accelerating the market growth, also rising strong presence of manufacturers, increasing trend of electrically operated marine vehicles and increase in the sales of luxury marine vessels, such as motorboats, yachts, houseboats among others due to popular marine tourism destinations, increasing demand for light jets in emerging economies, rising number of aircraft deliveries and increasing demand for light jets in emerging economies are the major factors among others boosting the marine turbocharger market. Moreover, rising research and development activities in the market, rising demand for lightweight aircraft engines and rising marine turbochargers for gasoline & diesel engines will further create new opportunities for marine turbocharger market in the forecast period mentioned above.
However, increasing initial and maintenance cost is the major factor among others restraining the market growth, and will further challenge the marine turbocharger market in the forecast period mentioned above.
This marine turbocharger market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on marine turbocharger market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Marine Turbocharger Market Scope and Market Size
Marine turbocharger market is segmented on the basis of type, technology, component, operation, end-use industries, application and system. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, marine turbocharger market is segmented into commercial, private and navy.
- Based on technology, the marine turbocharger market is segmented into single turbocharger, twin-turbocharger, electro-assist turbocharger and variable geometry turbocharger (VGT).
- Based on component, the marine turbocharger market is segmented into compressor, turbine, shaft and others.
- Based on operation, the marine turbocharger market is segmented into axial flow turbocharger and radial flow turbocharger.
- Based on end-use industries, the marine turbocharger market is segmented into navy & defence systems, cargo & shipping industries, fisheries and oil & gas.
- Based on application, the marine turbocharger market is segmented into cargo ships, high speed boats, cruises and naval ships.
- The marine turbocharger market is also segmented on the basis of system into constant pressure system turbocharging and pulse system turbocharging.
Marine Turbocharger Market Scope Country Level Analysis
Marine turbocharger market is analysed and market size, volume information is provided by country, type, technology, component, operation, end-use industries, application and system as referenced above.
The countries covered in the marine turbocharger market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the marine turbocharger market due to increasing popularity of marine and coastal tourism, rising surge in the participation of consumers in water-based sporting events and recreational boating activities in this region. Asia-Pacific is the expected region in terms of growth in marine turbocharger market due to rise in the trading volumes with rapid expansion of the e-commerce industry and rising seaborne trade activities along with increasing ship production in this region.
The country section of the marine turbocharger market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Marine Turbocharger Market Share Analysis
Marine turbocharger market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to marine turbocharger market.
The major players covered in marine turbocharger market report are Kompressorenbau Bannewitz GmbH, Napier Turbochargers Ltd., MAN Energy Solutions, Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd., Istanbul Marin, Digital Pro on Genesis Framework, Rotomaster International, Shanghai Daewin Marine Parts Limited, La Meccanica Turbo Diesel, BorgWarner Turbo Systems, Cummins Inc, Kawasaki Heavy Industries, Ltd., Liaoning RongLi Turbocharger Co.,Ltd, PBS Turbo s.r.o., ABB and Rolls-Royce Power Systems AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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