United States. The automotive turbocharger market is estimated to grow from $15.2 billion in 2024 to $22.9 billion in 2030 with a CAGR of 7.1% during the forecast period, according to a new report by MarketsandMarkets™.
The growth of the automotive turbocharger industry is attributed to the increasing demand for fuel-efficient engines without compromising performance. Stringent emissions standards around the world are pushing automakers to adopt turbocharging technology.
The demand for electric turbochargers (e-turbochargers) will also grow, as they offer a solution to eliminate turbo lag while providing additional performance advantages. Applied to diesel engines, these e-turbochargers could reduce NOx emissions by up to 20%.
In addition, the increased stringency of emission limits on gasoline vehicles will boost the demand for gasoline turbochargers in the coming years.
VGT turbochargers are anticipated to be the most important segment during the forecast period.
VGT turbochargers offer several advantages, such as minimizing turbo lag and precise control of the boost based on load and engine speed. As a result, they are widely used around the world to improve engine performance, increase fuel efficiency, and meet stringent emissions regulations.
Thanks to their versatility, VGT turbochargers are widely used in all types of vehicles, from passenger cars and commercial vehicles to heavy trucks and buses. Major players, such as BorgWarner Inc., Garrett Motion Inc., and Cummins Turbo Technologies, are investing in improving the performance of VGT technology by integrating sophisticated electronic control units (ECUs) to improve performance, efficiency, and reliability.
