The global bus turbocharger market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). The turbocharger increases the performance of the internal combustion engine. The engine derives its power from combustion between a mixture of air and fuel. The more the engine is fed by this mixture, the more power it gains. Turbocharging technology has become universal in the powertrains of diesel buses operating across the globe. Turbochargers are designed to last the typical 15-year service life of a vehicle and these components are precisely engineered to very high tolerances. Rising environmental concerns across the globe to reduce carbon emissions in order to minimize air pollution caused by vehicular emissions is acceleration the growth of the global bus turbocharger market.
The market is segmented based on the type and application. Based on the type, the market is sub-segmented into mono turbo and twin turbo. A mono turbocharger is a turbocharger with one turbine and compressor. It is the simplest form of turbochargers and is usually found on smaller engines. This type of turbocharger is used in electric cars as it delivers a boost through a single exhaust port. Mono turbochargers are less expensive than their twin-turbo counterparts, however, they are also less efficient. A twin-turbo system are two turbochargers that are connected to the engine. The output from the first turbocharger is then further compressed by the second turbocharger for a serious pressure buildup and a large boost of power. The aim of using these twin-turbos is to reduce turbo lag time between when step on the accelerator and when the engine starts producing boost pressure.
Some major players in the market include Honeywell International Inc., BorgWarner Inc., and Mitsubishi Heavy Industries Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in March 2021, Cummins Inc. introduced the advanced series 150 holset wastegate (WG) turbocharger. Additionally, in November 2020, Cummins Inc. introduces a new compressor stage to the series holset turbocharger.
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Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-
Honeywell International Inc., BorgWarner Inc., and Mitsubishi Heavy Industries Ltd., among others.
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Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Bus Turbocharger Market Report by Segment
By Type
Mono Turbo
Twin Turbo
By Application
OEM
Aftermarket
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