Automotive Electric Turbocharger Market to Rise at 14% CAGR till 2027; Increasing Emphasis on Integration of AI-integrated Concepts will Aid Growth

The global automotive electric turbocharger market size is projected to reach USD 0.11 billion by the end of 2027. Increasing emphasis on integration of automated concepts in electric vehicles will create several opportunities for market growth. According to a report published by Fortune Business Insights, titled “Automotive Electric Turbocharger Market Size, Share & COVID-19 Impact Analysis, By Fuel Type (Gasoline and Diesel), by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle) and Regional Forecasts, 2019-2027,” the market was worth USD 0.13 billion in 2019 and will exhibit a CAGR of 14% during the forecast period, 2019-2027.

Automotive electric turbochargers are an essential part of the engine of any vehicle. It is responsible for several aspects of the vehicle including speed, turn, and efficiency. The increasing investment in technological integration of the product, with the aim of enabling higher efficacies will bode well for the growth of the overall market in the coming years. The increasing use of concepts such as the internet of things (IoT) and artificial intelligence (AI) has allowed products with improved operational capabilities. The growing focus on sustainable products will create several growth opportunities for the companies operating in the market. The demand for low-carbon emission vehicles will lead to an increase in the adoption of electric vehicles. Moreover, support from government organizations towards the use of electric vehicles will emerge in favor of the growth of the overall automotive electric turbocharger market in the forthcoming years.

BorgWarner Completes Acquisition of Delphi Technologies in an All-Stock Transaction

The report includes a few of the major industry developments of recent times and states their impact on the growth of the overall market. Accounting to the increasing demand for electric turbocharger across the world, several large scale companies are looking to collaborate with SMEs as well acquire a few emerging companies, with a bid to acquiring a wider consumer base.

In January 2020, BorgWarner announced that it has completed the acquisition of Delphi Technologies. The companies announced their initiation of a definitive transaction agreement where-in BorgWarner will take over the Delphi Technologies. The acquisition is said to be worth USD 3.3 billion. Through this acquisition, BorgWarner will look to establish a formidable stand in the global market and successfully acquire a wide consumer base across the world. This acquisition will not just help the company grow, but will also affect the growth of the overall market in the coming years.

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https://www.fortunebusinessinsights.com/automotive-electric-turbocharger-market-103293

Engine Downsizing Will Bode Well for Market Growth

The report highlights a few of the primary factors that have contributed to the growth of the market in recent years. It is observed that the efforts taken to implement engine downsizing by major companies across the world will lead to a wider product adoption. As operations of electric turbochargers directly affect the performance of pistons in the electric vehicle, downsizing will dramatically help improve the overall performance of the vehicles. Downsizing will also enable higher efficiency and durability of the vehicle.

Garret Motion is a World Leader in E-turbo Technology

Among all the companies that are operating in the global automotive electric turbocharger market, Garret Motion has established itself above the rest. The company has an exceptional portfolio of customized technologies. The company has put in several efforts in customer satisfaction by providing reliability and high fuel efficiency. The increasing trend of automobile hybridization has also witnessed huge popularity in recent years. Garret Motion is among the list of numerous large scale companies across the world that have directly affected the growth of the overall market.

List of Companies Profiled in the Report:

• Garrett Motion (Rolle, Switzerland)
• Continental AG (Hanover, Germany)
• Aptiv PLC (Dublin, Ireland)
• ABB (Zurich, Switzerland)
• Cummins Inc. (Columbus, US)
• Ningbo Motor Industrial Co. Ltd. (Ningbo, China)
• Precision Turbo and Engine Inc. (Hebron, Indiana)
•  Robert Bosch GmbH (Gerlingen, Germany)
• Mahle (Stuttgart, Germany)
•  Rotomaster International (Canada)
•  Mitsubishi Heavy Industries. Ltd (Tokyo, Japan)

Industry Developments:

• October 2019 – Garrett Motion announced the launch of world’s first electric turbocharger. The company claims that the product will arrive in the market by 2021. The company would launch its first E-Turbo application in luxury and high-performance vehicles.

The global market is segmented on the basis of: