Global Marine Turbochargers Market: Industrial Analysis and Forecast (2020-2026), By Component, Platform, Technology and Region

Global Marine Turbochargers Market was valued $559.5 Mn in 2019 and is expected to reach $xx 787.9 by 2026, at a CAGR of 7.8% during the forecast period.

Global Marine Turbochargers Market Introduction

A turbocharger is a device that pumps more air into an engine cylinder, allowing more fuel to flow into the cylinder and improving engine power. A turbine, an air compressor, a shaft, and other components make up the system. The use of turbochargers has allowed automakers and engine manufacturers to enhance the power of an internal combustion engine without increasing the cylinder capacity. Turbochargers in marine engines often supply more than 75% of the engine's output. In the future years, the marine turbocharger market is predicted to increase at a healthy rate.

Global Marine Turbochargers Market Dynamics

Increased ship manufacturing and the proliferation of seaborne commerce operations will drive the growth of the marine turbocharger market share throughout the forecasted timeframe. Increasing product demand can be attributable to a variety of factors, including increased power density and fewer emissions. The adoption of new generation powerboats is expected to boost by the rising economic growth and higher consumer expenditure. Product adoption will be aided by increased demand from ship operators for higher engine and turbocharger efficiencies in order to satisfy EEDI goals and IMO standards. Advanced marine turbochargers are in high demand because they provide increased efficiency and higher pressure ratios, lowering environmental impact. Furthermore, robust growth in the military sector will encourage the deployment of military ships, boosting the marine turbocharger industry. Also, advanced tools such as ANSYS and FEA methodologies provide diverse development procedures in turbochargers, allowing for later stage adjustments. The marine turbochargers market is undergoing continuous R&D with the goal of increasing engine efficiency while reducing fuel consumption. The operation of a two-stroke marine diesel engine with marine turbocharger cut-out was noticed in a recent study partnership between universities in China and the United Kingdom. Manufacturers of marine turbochargers are coming together to invest in R&D and come up with new ways to boost an engine's total output. According to a recent agreement between Wärtsilä technology and ABB, ABB marine turbochargers will be integrated with Wärtsilä technologies 4-stroke engines for increased engine performance optimization during the lifecycle.

Global Marine Turbochargers Market Segment Analysis

During the forecast period, the compressor sector is expected to be the largest contributor to the aircraft and marine turbochargers market with a share of xx%. During the forecast period, the compressor segment is expected to lead the aircraft and marine turbochargers market by component. Compressor wheels are a common component used in turbochargers and are often composed of aluminum alloys. The growing demand to increase fuel efficiency and engine performance is opening up new options for compressor wheel development. The use of modern tools such as ANSYS and FEA methodologies results in more flexible development procedures that allow for changes at a later stage. However, titanium wheels machined on 5-axis mills are now being used in some commercial diesel and performance racing applications of aircraft and marine turbochargers. Despite their high cost, these wheels have been shown to reduce the number of early turbocharger component failures seen in high-boost applications in planes and ships. By 2026, the turbine sector expected to account for 45% of the market share. Turbine wheels move the compressor at the expected speed, allowing for efficient energy extraction from exhaust gases with little frictional loss. Product penetration would be aided by the availability of turbine blades in various diameters and nozzle ring types. In 2019, the market for twin-turbo marine turbochargers surpassed US$ 80 million. Due to their higher turbocharging effectiveness when compared to single turbochargers with similar pressure ratios, twin turbochargers will see a 6.6% increase in revenue. Higher power density combined with Miller engine cycles results in decreased fuel consumption and emissions. Modern ship engines must meet a number of requirements, including reduced noise, increased output, improved fuel economy, and the capacity to use heavy fuel oil. Improved power output, air pressure, and density, as well as lower exhaust emissions and fuel consumption, are all advantages of parallel or sequentially placed twin turbo. Global Marine Turbochargers Market To know about the Research Methodology :- Request Free Sample Report

Global Marine Turbochargers Market Regional Insights

Global Marine Turbochargers MarketMarine turbochargers are expected to sell better in areas with a lot of marine traffic and a lot of import and export activity. In the coming years, sales of marine turbochargers are predicted to increase significantly in China, India, Japan, ASEAN countries, and Australia and New Zealand in the APAC area. Because of the substantial presence of ship makers in the region, Asia Pacific is expected to grow at the fastest rate. The need for contemporary marine vessels is being driven by an increase in trading volumes and the rapid rise of the e-commerce industry. In 2019, the European region accounted for the largest share of the market for aircraft and marine turbochargers. The presence of a large number of turbocharger manufacturers in the region, such as PBS Velka Bites (the Czech Republic), Rolls-Royce (UK), and ABB (Switzerland), among others, can be linked to the growth of the European aircraft and marine turbochargers market. Furthermore, the strict implementation of various emission requirements in countries such as Germany, the United Kingdom, and France is driving up demand for fuel-efficient engines, which is driving up the market for aircraft and marine turbochargers in the European region.

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Global Marine Turbochargers Market

Global Marine Turbochargers Market, by Region

• North America • Europe • South America • MEA • Asia Pacific

Global Marine Turbochargers Market Key Players

• Hartzell Engine Technologies • PBS Velka Bites • Rolls-Royce • Mitsubishi Heavy Industries • Main Turbo Systems • ABB • Cummins • Kawasaki Heavy Industries • MAN Energy Solutions • Kompressorenbau Bannewitz GmbH • Napier Turbochargers Ltd. • MAN Diesel & Turbo • Heavy Industries Marine Machinery & Equipment Co., Ltd. • Istanbul MarineTurbine Service • Hedemora Turbo & Diesel AB • Shanghai Daewin Marine Parts • Rotomaster International • La Meccanica Turbo Diesel • BorgWarner Turbo Systems
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Marine Turbochargers Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Marine Turbochargers Market 3.4. Geographical Snapshot of the Marine Turbochargers Market, By Manufacturer share 4. Global Marine Turbochargers Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Marine Turbochargers Market 5. Supply Side and Demand Side Indicators 6. Global Marine Turbochargers Market Analysis and Forecast, 2019-2026 6.1. Global Marine Turbochargers Market Size & Y-o-Y Growth Analysis. 7. Global Marine Turbochargers Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 7.1.1. Compressor 7.1.2. Turbine 7.1.3. Shaft 7.1.4. Others 7.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 7.2.1. Aircraft 7.2.2. Marine 7.2.3. Unmanned Aerial Vehicle (UAV) 7.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 7.3.1. Single-turbo 7.3.2. Twin-turbo 7.3.3. Electro-assist Turbo 7.3.4. Variable Geometry Turbocharger 8. Global Marine Turbochargers Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Marine Turbochargers Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 9.1.1. Compressor 9.1.2. Turbine 9.1.3. Shaft 9.1.4. Others 9.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 9.2.1. Aircraft 9.2.2. Marine 9.2.3. Unmanned Aerial Vehicle (UAV) 9.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 9.3.1. Single-turbo 9.3.2. Twin-turbo 9.3.3. Electro-assist Turbo 9.3.4. Variable Geometry Turbocharger 10. North America Marine Turbochargers Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Marine Turbochargers Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 11.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 12. Canada Marine Turbochargers Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 12.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 13. Mexico Marine Turbochargers Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 13.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 14. Europe Marine Turbochargers Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 14.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 15. Europe Marine Turbochargers Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Marine Turbochargers Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 16.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 17. France Marine Turbochargers Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 17.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 18. Germany Marine Turbochargers Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 18.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 19. Italy Marine Turbochargers Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 19.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 20. Spain Marine Turbochargers Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 20.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 21. Sweden Marine Turbochargers Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 21.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 22. CIS Countries Marine Turbochargers Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 22.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 23. Rest of Europe Marine Turbochargers Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 23.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 24. Asia Pacific Marine Turbochargers Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 24.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 25. Asia Pacific Marine Turbochargers Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Marine Turbochargers Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 26.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 27. India Marine Turbochargers Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 27.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 28. Japan Marine Turbochargers Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 28.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 29. South Korea Marine Turbochargers Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 29.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 30. Australia Marine Turbochargers Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 30.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 31. ASEAN Marine Turbochargers Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 31.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 32. Rest of Asia Pacific Marine Turbochargers Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 32.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 33. Middle East Africa Marine Turbochargers Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 33.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 34. Middle East Africa Marine Turbochargers Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Marine Turbochargers Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 35.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 36. GCC Countries Marine Turbochargers Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 36.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 37. Egypt Marine Turbochargers Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 37.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 38. Nigeria Marine Turbochargers Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 38.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 39. Rest of ME&A Marine Turbochargers Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 39.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 40. South America Marine Turbochargers Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 40.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 41. South America Marine Turbochargers Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Marine Turbochargers Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 42.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 43. Argentina Marine Turbochargers Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 43.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 44. Rest of South America Marine Turbochargers Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Component, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Platform, 2019-2026 44.3. Market Size (Value) Estimates & Forecast By Technology, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Marine Turbochargers Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Hartzell Engine Technologies 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. PBS Velka Bites 45.3.3. Rolls-Royce 45.3.4. Mitsubishi Heavy Industries 45.3.5. Main Turbo Systems 45.3.6. ABB 45.3.7. Cummins 45.3.8. Kawasaki Heavy Industries 45.3.9. MAN Energy Solutions 45.3.10. Kompressorenbau Bannewitz GmbH 45.3.11. Napier Turbochargers Ltd. 45.3.12. MAN Diesel & Turbo 45.3.13. Heavy Industries Marine Machinery & Equipment Co., Ltd. 45.3.14. Istanbul MarineTurbine Service 45.3.15. Hedemora Turbo & Diesel AB 45.3.16. Shanghai Daewin Marine Parts 45.3.17. Rotomaster International 45.3.18. La Meccanica Turbo Diesel 45.3.19. BorgWarner Turbo Systems 45.3.20. Other Key Players 46. Primary Key Insights

About This Report

Report ID102135
Category Engineering Equipment
Published DateMay 2021
Updated Date
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