The global electric car turbocharger market is anticipated to grow at a CAGR of 5.0% during the forecast period (2022-2028). Electric car turbocharger is a device that supports to improve the power output of an internal combustion engine by compressing air that enters the engine. This allows for a more efficient combustion process and results in increased power output. When the accelerator is pressed, the motor drives the air compressor to instantly force cold air into the engine. This ensures power delivery is smooth, even before the exhaust-driven turbo gets up to speed. R&D to enhance electric vehicle power efficiency is the driving factor for the growth of the electric car turbocharger market. Additionally, benefits such as increased power output, efficient combustion process, and reduced emission are some other driving factors accelerating the growth of the market. For instance, Audi uses a 48-volt electrical system for power, which harvests energy from braking and stores it in a small lithium-ion battery pack. The electric-turbocharger hardware increases vehicle weight, however, it reduces throttle response time.
The market is segmented based on the type, application and battery type. 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 is two turbochargers that are connected to the engine. The aim of using parallel 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 Cummins Inc., 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 September 2020, BorgWarner Inc. announced the supply of its state-of-the-art variable turbine geometry (VTG) turbocharger to a global OEM for numerous vehicle models.
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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 Cummins Inc., among others.
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?
A full report of electric car turbocharger market is available at:
https://orionmarketreports.com/global-electric-car-turbocharger-market/101872/
Global Electric Car Turbocharger Market Report by Segment
By Type
Mono Turbo
Twin Turbo
By Application
OEM
Aftermarket
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