Automotive Turbo-Compounding System Market
Global Automotive Turbo-Compounding System Market: Increasing R&D Activities by Volvo AB and MIUTEC Automotive AG to Lead to Expansion, predicts Fortune Business Insights™
Automotive
Turbo-Compounding System Market | 2021 Automotive Industry
Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business,
Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast
To 2026 is latest study published by Fortune Business Insights. The Global
Automotive Turbo-Compounding System Market expected to rise at a 12.6% CAGR and
reach USD 2013 million a valuation of by 2028.Automotive Turbo-Compounding
System Market Size, Share & Industry Analysis, By Product type (Mechanical
Turbo Compounding System, Electric Turbo Compounding System), By Vehicle Type
(Racing Cars, Heavy Commercial Vehicles)Others and Regional Forecast, 2021-2028
Get Sample Report On Global Automotive Turbo-Compounding System
Market :
https://www.fortunebusinessinsights.com/automotive-turbo-compounding-system-market-102208
MajorAutomotive Turbo-Compounding System Studied In Report:
- Voith GmbH &
Co. KGaA
- AB Volvo
- MITEC Automotive
AG
- Among others
Global Automotive Turbo-Compounding System Market Highlights:
The global automotive turbo-compounding system market size is
expected to gain momentum on account of increasing demand for commercial
vehicles. Fortune Business Insights, in its latest upcoming report, titled
“Automotive Turbo-Compounding System Market Size, Share & Industry
Analysis, By Product type (Mechanical Turbo Compounding System, Electric Turbo
Compounding System), By Vehicle Type (Racing Cars, Heavy Commercial
Vehicles)Others and Regional Forecast, 2019-2026.”, states healthy growth for
the market during the forecast period. This is ascribable to growing demand for
low emission light commercial vehicles (LCV) along with being fuel-efficient.
The COVID-19 pandemic has had a seismic effect on several economies across the globe. To curb the pandemic spread, the governments of several countries have ordered complete lockdown of industrial and human activities. This is expected to have a significant impact on the market in 2020. However, proactive steps by the industry leaders to revive the automotive industry will bode well for the growth of the market in the near future.
Inquire related to Automotive Turbo-Compounding System
Market:
Regional Analysis:
Among the regions, the market in North America is anticipated to
rise significantly during the forecast period. This is ascribable to factors
such as increasing adoption of advanced technology in the region and will
bolster the automotive turbo-compounding system market revenue largely. Europe,
on the other hand, is expected to register substantial growth backed by
presence of major companies during the projected horizon. The market in
Asia-Pacific will register healthy growth for the market during the forecast
period. This is attributable to factors such as rising construction and logistic
sector in the region. Furthermore, increasing demand for heavy commercial
vehicles in Asia-Pacific will positively affect the market growth between 2019
and 2026.
Mechanical turbo-compounding system at lower power produces low
engine capacity as the backpressure caused due to the turbine reduces total
energy efficiency and shortens the combustion process. This results in
increasing the emission levels. However, electric turbo-compounding (ETC)
system uses exhaust powered turbine to propel electricity within the engine
that improves efficiency of engine. In addition to this, it helps to cut of
emission levels drastically. For instance, Bowman Power, in 2017, introduced
its third generation ETC that were successful in reducing cost by over 50% and
helped to reduce carbon emissions. Increasing adoption of electric systems to
limit the emission of harmful greenhouse gases is anticipated to boost the
demand for the market during the forecast period.
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