The global demand for Automotive Turbo Compounding Systems Market is presumed to reach the market size of nearly USD 6.14 BN by 2028 from USD 3.95 BN in 2021 with a CAGR of 6.5% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Units by 2028 with a CAGR of XX% during 2022-2028.
Automotive turbo compounding is the process of recovering energy from the emissions into the system using a turbine. It is utilized to produce extra power to the crankshaft and power generator as they transmit energy to the rest of the system. It is used to improve system efficiency and raise the power output of gas and diesel engines. It regulates and decreases the system's emissions of numerous hazardous gases. Heavy truck engines, compounding motorsport, aeroplane engines, and racing engines are all examples of turbo applications.
Over the forecasted timeframe, the rising environmental awareness to lower the quantity of CO2 in the atmosphere will be a crucial development factor for the global automotive turbo compounding systems market. Due to strict government laws controlling pollution control, the market for automotive turbo compounding systems is predicted to expand. The rising usage of these systems to collect energy from waste in passenger and commercial automobiles is a key growth factor for the global market for automotive turbo-compounding systems. The high cost of the necessary turbo-compounding equipment limits the global market for automobile turbo-compounding systems. Additionally, the increasing popularity of electric vehicles impacts the automotive market, limiting the product's market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive turbo compounding systems. The growth and trends of Automotive Turbo Compounding Systems Industry provide a holistic approach to this study.
This section of the automotive turbo compounding systems market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Mechanical Turbo Compounding Systems
- Electrical Turbo Compounding Systems
- Motorsport/ Racing Engines
- Heavy Vehicles Engine
This section covers the regional outlook, which accentuates current and future demand for the Automotive Turbo Compounding Systems market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Turbo Compounding Systems Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive turbo compounding systems market include Bowman Power Group, John Deere, Caterpillar, Voith Turbo GmbH & Co. KG, Mitec Automotive AG, AB Volvo, and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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