The marine turbocharger is an integral part of the ships marine engine. The turbocharger basically reuses exhaust gases in order to increase the overall efficiency of the engine. It consists of two parts turbine sides and blower.Turbocharging is a method of internal combustion that uses an exhaust gas turbocharger. In this the turbocharger uses hot exhaust gas from the engine to spin a turbine, which runs a centrifugal compressor to draw cold compressed air into the engine. The main components of a turbocharger are a turbine, a compressor, and a shaft connecting the two components.

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TheMarine Turbocharger Marketis expected to grow at a steady rate of around 7 % during the forecast period (2022-2028)owing to the increase in sales of motorboats, yachts and further, the rising need for marine destinations is contributing to the growth of the market. Major companies in the market offer Turbocharger for different applications with technologically advanced features.For instance, In 2021, Garrett Motion is developing e-turbos for mass-market passenger vehicles set for launch in 2021, the e-turbo has a fuel efficiency improvement of up to 10%.

Based on the operation type, the market is segmented into axial marine turbochargers and radial marine turbochargers. The radial category is to witness higher CAGR during the forecast period owing to the growing applications in small-sized four-stroke engines. Different innovative ideas such as recreating the design with minimized emission levels, higher-pressure ratios, its cost-effectiveness, and availability in various size ranges are further expected to boost the product demand during the forecast period.For instance, In 2021, Toyota launched LC300 Land Cruiser which has twin turbochargers V6 engines having 415 horsepower and 480 pound-feet of torque.

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On the basis of technology type, the market is categorized into the single turbo, twin-turbo, electro-assist turbo, and variable geometry turbo. Among these, the electro-assist turbocharger holds a significant share of the market. This is mainly due to the advantages it offers as compared to its others. It has been witnessing higher adoption due to its compact nature and high efficiency providing plant efficiency especially when ships operate in low streams.In November 2021, Hyundai Global Service in collaboration with ABB Turbocharging introduced an engine part-load optimization (EPLO) service for ship owners seeking to reduce emissions.

For a better understanding of the market adoption of the Marine Turbocharger industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. There are a number of factors for this such as the rising popularity of coastal and marine tourism giving different opportunities for recreational boats and increasing consumer interest in underwater sporting events and recreational boating activities are some of the main factors boosting the regional market growth over the forecast period. Also, Asia-Pacific is expected to be the fastest-growing region due to the strong presence of a large number of ship manufacturers in the region during the forecast period.For instance, In 2020, Mitsubishi Turbocharger and Engine America (MTEA), which is one of the main the distributor of Mitsubishi Marine Propulsion Engines in the Americas, including Canada, Mexico, and Central and South America announced the expansion of the production line by introducing mechanically controlled, EPA Tier 4, 1,260-horsepower heavy-duty marine propulsion engine.

Some of the major players operating in the market include ABB, BorgWarner Turbo Systems GmbH, Cummins Inc., Hedemora Turbo Diesel AB, Kompressorenbau Bannewitz GmbH, MAN Energy Solutions, Mitsubishi Heavy Industries Marine Machinery Engine Co. Ltd., MTU Friedrichshafen GmbH, Napier Turbochargers Ltd., PBS Turbo s.r.o.

For a detailed analysis of the Global Marine Turbocharger Market browse throughhttps://univdatos.com/report/marine-turbocharger-market/

GlobalMarine Turbocharger MarketSegmentation

Market Insight, by Operation Type

Axial

Radial

Market Insight, by Technology

Single Turbo

Twin Turbo

Electro-assist Turbo

Variable Geometry Turbo

Market Insight, by Application

Military Ships

Commercial Ships

Recreational Boats

Market Insight, by Region

North America

oUS

oCanada

oRest of North America

Europe

oGermany

oUnited Kingdom

oFrance

oItaly

oSpain

oRest of Europe

Asia-Pacific

oChina

oJapan

oIndia

oRest of Asia-Pacific

Rest of the World

Top Company Profiles

ABB

BorgWarner Turbo Systems GmbH

Cummins Inc.

Hedemora Turbo Diesel AB

Kompressorenbau Bannewitz GmbH

MAN Energy Solutions

Mitsubishi Heavy Industries Marine Machinery Engine Co. Ltd.

MTU Friedrichshafen GmbH

Napier Turbochargers Ltd.

PBS Turbo s.r.o