Marine Turbocharger market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of XX.X% during the forecast period of 2019 to 2026.
A Marine Turbocharger is a mechanical equipment that taps into the kinetic energy of the exhaust gases to drive a turbine wheel which, in turn, drives a compressor that is compressing incoming air for combustion in the I.C. Engine.
Analysis by Operation
According to operation, the two segments are Axial and Radial. A Marine Turbocharger market report has indicated that Axial turbochargers work better with 2-stroke engines and is thus expected to grow rapidly in the said period. On a similar note, a Marine Turbocharger market research suggests that Radial turbochargers will flourish in conjunction with smaller 4-stroke engines, which are plentiful in the market.
Analysis by Technology
According to the technology, there are four segments as follows: Single Turbo, Twin Turbo, Electric-assist Turbo, and Variable Geometry Turbo. The Marine Turbocharger market share is currently dominated by Single Turbos. However, the Electric-assisted turbochargers are likely to grow tremendously in the forecasted time. This is because of the drastic reduction in Turbo-Lag with their use. The Marine Turbocharger market size is also likely to see a surge in the sales of Twin Turbo as newfound demand from large ships will make their way into the fray.
Analysis by Component
According to the component, there are three segments of interest: Compressor, Turbine, and Central Shaft. Marine Turbocharger market estimation has predicted a bright demand potential for Compressors in the upcoming period, owing to considerable Research & Development on their mechanical design for improved efficiencies. Although the lion’s share of the revenue is held by Turbines because of their relatively superior performance in working with spent gases. The Marine Turbocharger market forecast for Turbines looks very buoyant owing to their compatibility with 2-stroke as well as 4-stroke engines.
Analysis by Application
The three main segments according to the application are Military, Commercial, and Recreational Boats. The Recreational Boats segment is the strongest driver by far among all the three segments. Tourism and Sports events will uphold the dominance of this segment. The Marine Turbocharger price trend is also developing very favorably for the manufacturers as well as the consumers. The Military segment is likely to undergo a revamp in the forecasted period and that has the potential of unlocking massive business opportunities for companies in this space.
Analysis by Region
The North American region garners the largest demand-pull owing to a conducive commercial eco-system of recreational boating all across the continent. Besides, the U.S. military is likely to also explore Turbochargers for their Naval fleet. This will fuel the growth further.
Analysis by Esteemed Companies
The esteemed Marine Turbocharger companies are ABB, MAN Diesel & Turbo, Napier Turbochargers Ltd., Cummins Inc., Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd., and MTU Friedrichshafen. New product development with a focus on maximizing energy extraction from the spent gases will be key to success in this industry.
COVERAGE HIGHLIGHTS
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Operation Outlook ($Revenue and Unit Sales, 2019-2026)
• Axial
• Radial
By Technology Outlook ($Revenue and Unit Sales, 2019-2026)
• Single Turbo
• Twin Turbo
• Electro-assist Turbo
• Variable Geometry Turbo
By Component Outlook ($Revenue and Unit Sales, 2019-2026)
• Compressor
• Turbine
• Central shaft
• Others
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
• Military
• Commercial
o Bulk Carriers
o Container Ships
o Oil & Chemical Tankers
o Off-shore Vessels
o Cargo Ships
o Tugboat
o Others
• Recreational Boats
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o Italy
o France
o The Netherlands
o Russia
o Poland
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
• Latin America
o Brazil
o Argentina
• MEA
o South Africa
o Saudi Arabia
o U.A.E.
Esteemed Companies
• ABB
• MAN Diesel & Turbo
• Napier Turbochargers Ltd.
• Cummins Inc.
• BorgWarner Turbo Systems
• IHI Corporation
• Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd.
• Liaoning RongLi Turbocharger Co., Ltd.
• MTU Friedrichshafen
• Kompressorenbau Bannewitz GmbH
• PBS Turbo s.r.o.
• Hedemora Turbo & Diesel AB
• Rotomaster International
• Kawasaki Heavy Industries, Ltd.
• Shanghai Daewin Marine Parts
• Istanbul MarineTurbine Service
• La Meccanica Turbo Diesel
