How big is the “Turbocharger for Commercial Vehicles Market” Description – A turbocharger is a turbine-driven forced induction device that increases an internal combustion engine’s efficiency and power output by forcing extra compressed air into the combustion chamber. This improvement over a naturally aspirated engine’s power output is due to the fact that the compressor can force more air—and proportionately more fuel—into the combustion chamber than atmospheric pressure (and for that matter, ram air intakes) alone.
Report Overview
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Turbocharger for Commercial Vehicles estimated at USD million in the year 2022, is projected to reach a revised size of USD million by 2028, growing at a CAGR of % during the forecast period 2022-2028.
The growing use of titanium compressor wheels will drive the growth prospects for the global turbocharger market for commercial vehicles in the forthcoming years. Compressor wheels are usually made from aluminum alloys because these alloys exhibit an excellent ratio between strength, density, and casting ability. However, at present almost all the major tier-1 suppliers are using titanium aluminide compressor wheels in their turbochargers. Some of the major factors responsible for the growing preference of titanium compressor wheels include the endurance to high temperature, low weight, low inertial drag, high responsiveness, and ability to function under high pressure.S
Who are the major players operating in the Turbocharger for Commercial Vehicles market?
BorgWarner
Cummins Turbo Technologies
Ishikawajima-Harima Heavy Industries
Mitsubishi Heavy Industries
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On the basis of product type:
Mechanical Turbocharging
Exhaust Turbocharging
On the basis of the end users/applications:
HCV
MCV
LCV
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