London, 30 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Fine Tuning Turbocharger Market in the US 2015-2019, which is expected to grow at a CAGR of 22.81 percent during the forecast period of 2014-2019.
Fine tuning turbochargers are designed for the Motorsports market and are used by drivers who want to convert a naturally aspirated engine or enhance the performance of a factory turbocharged car. Presently, motorsports are becoming a high-visibility podium for automobile and turbocharger manufacturers to test and showcase technologies that they want to include in passenger cars. Fine-tuned turbochargers are designed to perform better than conventional turbochargers by ensuring less or no turbo lag and by improving engine efficiency.
“Conventional turbochargers that run with the help of exhaust gases cause turbo lag, which affects engine performance,” says Faisal Ghaus, Vice President of TechNavio.
“The next major advancement in internal combustion engine fuel efficiency technology is the development and usage of electric turbochargers.”
Key Market Drivers
- Environmental Advantages of Turbochargers
- Increased Regulations for High Fuel Economy
- Industry-wide Engine Downsizing
Key Market Trends
- Elevated Demand for Diesel Cars
- Growing Adoption of Two-stage Turbocharging
- Next Generation of Turbochargers
Key Market Vendors
- BorgWarner Inc.
- Cummins Inc.
- Honeywell International Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
