Global Aircraft And Marine Turbochargers Market By Component (Compressor, Turbine, and Shaft), By Technology (Single Turbo, Twin Turbo, Variable Geometry Turbo, and Hybrid/Electric Assist Turbo), By Platform (Aircraft, Marine, Unmanned Aerial Vehicles {UAVs}) – Global Analysis & Forecast 2020-2030.

Global Aircraft And Marine Turbochargers Market Overview and Introduction

The turbocharger is a radial blower that provisions high influenced air to improve the inner ignition (IC) motors control. The turbine pushes the cylinder of the motor by high packed air, which expands the torque and proficiency of the motor. The aircraft and marine turbochargers market has been witnessing growth over the historic years. The rise of the market can be attributed to several factors like the rising interest for eco-friendly aircraft motors, expanding the number of flying machine conveyances, and the rising interest for light flies from nations. The manufacturers in the market are engaged in the development of forced induction systems that enhance the power of aircraft and marine engines. The aircraft and marine turbochargers enhance the mechanical power and overall efficiency that results in improvement of the combustion process. Therefore, the engine size can be reduced for a turbocharged engine leading to better packaging, weight-saving benefits, and overall improved fuel economy.

Growing requirements for reducing the operating costs and increasing the engine efficiency are likely to drive the aircraft and marine turbocharger market over the forecasted timeframe. Increasing environmental concerns along with a stringent regulatory framework for maritime emissions is creating demand for eco-friendly ship engines. Modern ship engines are equipped with a wide range of technologies to minimize fuel consumption at lower loads. Further, the up-gradation of existing equipment plays a vital role in maximizing the reliability and efficiency of operation.

In order to control air pollution and address climate change, the regulatory framework of government authorities, such as the U.S. Environmental Protection Agency, China Air Pollution Control Law in China, Air Pollution Control Act in Japan, Environmental Protection UK, and Environment Protection Act in India, is being adopted across various regions worldwide. Furthermore, government organizations such as European Environmental Agency, United Nations Economic Commission for Europe, and World Health Organization have released various reports and analyses pertaining to the deteriorating air quality and its effects on the environment. As per the new data published by the World Health Organization in May 2018, 9 out of 10 people worldwide breathe polluted air that leads to the cause of death of over 7 million people every year.

The aircraft and marine turbochargers market can be segmented into the following categories – By Component, By Technology, By Platform, and By Region

Global Aircraft And Marine Turbochargers Market By Component

Based on the component, the industry is segmented into compressor, turbine, shaft, and others. The compressor segment is projected to lead the aircraft and marine turbochargers market over the forecasted timeframe. There are two major components that incudes compressor covers and compressor wheels. The compressor in a turbocharger is anticipated to grow the market due to its ability to improve an engine's volumetric efficiency by increasing the density of the intake gas allowing more power per engine cycle.       

Global Aircraft And Marine Turbochargers Market By Technology

Based on the technology, the market can be classified as single turbo, twin-turbo, variable geometry turbo, and hybrid/electric-assist turbo. The electric-assist turbochargers are expected to have significant growth over the coming years due to several features such as it helps in increasing marine engine efficiency. Strategic mergers and acquisitions targeted towards the development and introduction of electrically assisted turbocharges will expand the segment size. For instance, in September 2017, Rolls-Royce acquired G+L Innotec to utilize the technology of electrically assisted turbocharging for MTU engines that will be implemented in ship engines by 2021.

Global Aircraft And Marine Turbochargers Market By Platform

Based on the platform, the industry is classified as aircraft, marine, unmanned aerial vehicles. The maritime sector has been investing heavily in research and development to cut down harmful emissions from the ship, along with reducing fuel consumption and operating costs. There have been several technological developments in the maritime sector that will lead to a reduction in operating costs. For instance, in December 2019, Mitsubishi Heavy Industries developed a Hybrid turbocharger that differs from conventional turbochargers in terms of both waste recovery and fuel savings.

Global Aircraft And Marine Turbochargers Market by Region

Based on the region, the market can be segmented as North America, Europe, Asia Pacific, and Rest of the World (RoW). The European region is estimated to account for the largest share of the aircraft and marine turbochargers market over the historic years. The growth of the European aircraft and marine turbochargers market can be attributed to the presence of a large number of turbocharger manufacturers in the region that include PBS Velka Bites, Rolls-Royce, and ABB.

Global Aircraft And Marine Turbochargers Market Prominent Players

Some of the major players present in the aircraft and marine turbochargers market include Jrone Turbocharger, Hartzell Engine Technologies, Rolls-Royce, Mitsubishi Heavy Industries, Continental Motors Group, Textron Inc., General Electric, ABB, Cummins, and Kawasaki Heavy Industries. Industry players are continuously involved in introducing new products to generate annual demand and elevate product benchmarking. For instance, in September 2017, ABB signed long-term service agreements with several marines and offshore transport firms for the service maintenance of 400 turbochargers units.