Marine Turbocharger Market Growth, Future Prospects And Competitive Analysis Report 2026

Global marine turbocharger market size is estimated to surpass US$787.9 million by 2026. Rapid economic growth along with increasing consumer spending capabilities have positively impacted the demand for recreational boats integrated with sophisticated propulsion technology. Growing inclination towards recreational sports activities will further augment the product adoption to increase the overall efficiency of pleasure crafts.

Stringent regulations to curb harmful gas emissions and advancements in propulsion technologies will augment the demand for marine turbochargers. A growing number of merchant fleets across the globe will positively impact marine turbocharger market expansion in the forthcoming years. Reportedly, in the global fleet ownership ratio, Europe and Northern America accounted for nearly 41% and 6% respectively in January 2020.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4399

The escalating demand for enhanced engines and turbocharger efficiencies from ship operators to fall in-line with IMO regulations and EEDI goals will accelerate the adoption of the product in the forthcoming years. The deployment of advanced marine turbochargers in vessels helps in enhancing the engine’s efficiency and high-pressure ratio, which further reduces emissions and environmental impacts.

Robust growth in the military sector will boost the mass adoption of the product in naval ships, which will uplift the marine turbocharger market expansion in the coming years. Additionally, the acquisition of sophisticated tools including ANSYS and FEA techniques provides exponential development scope, which will enable later stage modifications in marine turbochargers. Such advancements in the product will complement its robust demand in the navel sector.

The incorporation of adjustable turbocharger vanes leads to changes in aspect ratios which enable alteration in effective turbine area. The reduction in lag time and improvements in pressure ratios will enhance the holistic performance of the engine and allow effective air control for combustion optimization. Integrating electric-assist turbocharger substantially helps in reducing fuel consumption and load conditions, which further allow ships to maintain a steady speed.

Prominent manufacturers are also eyeing on strategic ventures to gain a competitive advantage in the global market. For example, Mitsubishi (precisely MHI-MME) on January 1 2020, acquired the production rights of MET turbochargers from Mitsubishi Hitachi Power Systems, Ltd.

Leading companies operating in the global marine turbocharger industry are emphasizing on utilizing modern technology and equipment for manufacturing lightweight structures and attaining greater pressure ratios. The growing need to develop the holistic capabilities of vessels on account of rising travel and transport burden will positively impact the global marine turbocharger market growth.

Request for a Customization of this research report @ https://www.gminsights.com/roc/4399

Partial Chapter of the Table of Content

Chapter 4   Marine Turbocharger Market, By Mode of Operation

4.1    Global market share by mode of operation, 2019 & 2026

4.2    Axial

4.2.1    Market estimates and forecast, 2016 - 2026

4.2.2    Market estimates and forecast, by region, 2016 - 2026

4.3    Radial

4.3.1    Market estimates and forecast, 2016 - 2026

4.3.2    Market estimates and forecast, by region, 2016 – 2026

Chapter 5   Marine Turbocharger Market, By Technology

5.1    Global market share by technology, 2019 & 2026

5.2    Single Turbo

5.2.1    Market estimates and forecast, 2016 - 2026

5.2.2    Market estimates and forecast, by region, 2016 - 2026

5.3    Twin Turbo

5.3.1    Market estimates and forecast, 2016 - 2026

5.3.2    Market estimates and forecast, by region, 2016 – 2026

5.4    Electro-assist Turbo

5.4.1    Market estimates and forecast, 2016 - 2026

5.4.2    Market estimates and forecast, by region, 2016 – 2026

5.5    Variable Geometry Turbo

5.5.1    Market estimates and forecast, 2016 - 2026

5.5.2    Market estimates and forecast, by region, 2016 - 2026

Chapter 6   Marine Turbocharger Market, By Component

6.1    Global marine turbocharger market share by component, 2019 & 2026

6.2    Compressor

6.2.1    Market estimates and forecast, 2016 - 2026

6.2.2    Market estimates and forecast, by region, 2016 - 2026

6.3    Turbine

6.3.1    Market estimates and forecast, 2016 - 2026

6.3.2    Market estimates and forecast, by region, 2016 – 2026

6.4    Central Shaft

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/marine-turbocharger-market