Development and Progression of Technologically Advanced Systems to Fuel the Supercharger Market
Added: (Thu Mar 07 2019)
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Transparency Market Research in its new report titled, “Supercharger for Automotive Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the supercharger for automotive market. The TMR report anticipates that the rapid development and progression of technologically advanced systems and components such as supercharger for vehicles, which is usually common in modern cars will drive the supercharger for automotive market during the forecast period i.e, 2018-2026.
According to the report, the supercharger is expected to be considered as a standard equipment in the automotive vehicle industry market during the forecast period owing to technological advancements in the automobile industry. It uses advance technology to supply enough pressurized air to the engine’s intake charge, which leads to enhanced engine performance, which in turn is estimated to drive the supercharger for automotive market during the forecast period. This technology is anticipated to provide lucrative opportunities for modernization of automotive industries due to its numerous benefits such as durability, cost-effectiveness, and ease of installation in a variety of vehicles. Presence of substitutes such as turbocharger, which is similar to the supercharger and results in higher fuel-efficiency and power generation, is projected to be a major restraint of the supercharger for automotive market during forecast period, says the report.
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The report has split the supercharger for automotive market based on product type, vehicle type, power source, fuel type, and region. In terms of product type, the supercharger for automotive market is divided into traditional supercharger and electric supercharger. Traditional superchargers are not viable on engines smaller than 2.5 L. This can be anticipated by electric supercharger that are small and compact and has a comparatively low cost. In terms of vehicle type, the supercharger for automotive market is divided into passenger vehicles and commercial vehicles. The passenger vehicle segment accounts for a prominent share of the market. The passenger vehicles segment is further sub-classified into sedans, multi-purpose vehicles, and sports utility vehicles. Based on power source, the supercharger for automotive market is divided into two segments. In terms of power source, the electric motor driven segment holds a major share of the market. Electric motor supplies power in order to operate the supercharger, which in turn reduces strain on the engine of the vehicle.
On the basis of fuel type, the supercharger for automotive market is classified into three segments. In terms of fuel type, the gasoline segment accounts for a major share of the market owing to the higher rate of adoption of superchargers in gasoline fuel type vehicles. Based on geography, the supercharger for automotive market can be segregated into five regions. Asia Pacific accounts for a major share of the global supercharger for automotive market, due to the high rate of adoption and the expansion of the automotive components sector, leading to an increased production of vehicles with automotive superchargers, especially in China, Japan, India, and South Korea. Furthermore, the supercharger for automotive market in Europe is expanding due to rapid technological developments in the region, especially in Germany, Italy, the Netherlands, France, and the U.K. Major players operating in the global supercharger for automotive market are profiled in this report and these include Valeo, Honeywell International Inc., Eaton, Robert Bosch GmbH, Continental AG, Duryea Technologies, Ford Motor Company, and Aeristech Ltd.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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