Turbocharger
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<strong>Turbocharger</strong> Market: Future and Growth<br />
• The global turbocharger market size is expected to reach $19 billion by 2022<br />
• Registering a CAGR of 11.1% during the forecast period 2016‐2022<br />
• Europe dominated the world turbocharger market and commanded more than<br />
40% share of the overall turbocharger market revenue<br />
• The market is expected to exhibit a notable growth during the forecast period<br />
due to the several advantages offered by these devices such as high torque,<br />
less emission rate, and engine downsizing.<br />
• Exponential rise in demand of cost-effective and fuel-efficient engines has led<br />
to a higher adoption of turbocharger across industries such as automotive,<br />
marine, and aerospace & defence.
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