Global Turbocharger Market
Global Turbocharger Market valued approximately USD 16.80 billion in 2018 is anticipated to grow with a healthy growth rate of more than 9.50% over the forecast period 2019-2026. The Turbocharger Market is continuously growing in the global scenario at significant pace. Turbocharger is a centrifugal blower that supplies high pressured air to enhance the internal combustion (IC) engines power. The turbine pushes the piston of the engine by high compressed air, which increases the torque and efficiency of the engine. The dynamic design of turbocharger works best on high-speed conditions without any external power source as it reutilizes the waste energy. Increase in vehicle production and growth in demand for fuel efficient & cost effective engines are the substantial driving factors of the market during the forecast period. Additionally, downsizing of engine in order to reduce vehicle weight is further fueling the growth of the market. Moreover, emergence of electrical turbo...