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 Forecast, 2019-2032

The global automotive electric turbocharger market size was valued at USD 0.13 billion in 2019 and projected to reach USD 0.5 billion by 2032, exhibiting a CAGR of 12% during the forecast period.

Automotive turbochargers are considered to be an essential component in vehicles as they enhance the operating efficiency of the combustion engine. They utilize the exhaust gases emitted by the engine at the time of internal combustion to propel the turbine wheel in the turbochargers. This turbine wheel acts as a compressor that pulls in the outside air, compresses it, and sends it to the engine. However, the turbochargers can experience lags while spinning as they wait for the exhaust gases to exert pressure on them. These turbo lags are eliminated by the electric turbochargers by assisting the normal turbochargers at low engine speeds where the conventional turbo becomes inefficient. The engine downsizing has gained high significance in the automotive sector.

The integration of small engines in vehicles helps in the reduction of fuel emission. Hence, the adoption of electric turbochargers help the manufacturers to fulfill the new emission standards and regulations imposed by the government towards reducing the increasing carbon footprints and other harmful gases emitted by the automobiles. They are said to be highly efficient and environment friendly. Moreover, prominent players are investing a high percentage in research to invent advanced systems and develop superior designs of electric turbochargers to enhance the performance of the engine as well as increase fuel efficiency. Furthermore, the rapid growth in the volume of sales and production of automobiles is expected to propel the market growth across the globe.

COVID-19 Impact on Market

The outbreak of COVID-19 in China and later its spread across the globe and the breakdown of the complete transportation system have severely impacted the world’s economy. This pandemic condition, rising number of infected patients and the total lockdown has forced the manufacturing operations to shut down. This has affected the manufacturing supply chain globally, particularly those companies that are majorly dependent on China for raw materials, components and other resources.

The automotive industry has also been impacted by various challenges owing to the outbreak of COVID-19 pandemic. In the current scenario, where various governments have imposed complete lockdown owing to the spread of the virus, the global economic market has seen a drastic drop. According to the China Passenger Car Association, nearly 80% of the global automobile supply chain depends on China. To control the spread of the COVID-19, several employees and workers have been quarantined. This pandemic situation has created a shortfall in production and even disturbance in the supply chain. Many automotive manufacturing companies such as Nissan Motors, Hyundai, Fiat Chrysler Automobiles NV and Mitsubishi Motors Corporation have stopped the production unit provisionally as a measure to reduce the spread of coronavirus. Owing to this condition, the global automotive sales have fallen around 80%, with the highest drop seen in the first quarter of 2020 year. However, according to the forecast by the experts, it is estimated that the impact of this coronavirus pandemic may possibly last for at least a couple of years.

LATEST TRENDS

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High Adoption of Engine Downsizing To Boost the Electric Turbocharger Market

The new trend of engine downsizing in the automobiles has become one of the most essential and beneficial aspects in the automotive electric turbocharger market. The electric turbos boost the engine power without affecting the movement of the pistons. This has influenced the downsizing of engines with greater fuel efficiency, and high performance in vehicles. The automotive manufacturers are working towards decreasing the number of cylinders and piston displacement thereby integrating electric turbochargers. This will help enhance the engine power with the assistance of electric motors. The growing popularity of engine downsizing in vehicles is leading to the growth of the market for automotive electric turbocharger. Moreover, the downsizing of engines contributes to various advantages such as high durability, greater fuel efficiency, and high performance as well as reduce the weight of the vehicles. Therefore, the engine downsizing concept is expected to propel the growth of the electric turbocharger market in the coming years.

DRIVING FACTORS

Stringent Regulations to Curb Vehicular Emission is Expected to Drive the Market Growth

The adoption of electric turbochargers in the automotive industry has led to an increase in the fuel efficiency of vehicles. They consist of an electric motor that swiftly spins up the turbine and boosts the low speed torque and driveability eliminating turbo lags generated in the turbochargers. The electric turbochargers helps the internal combustion engine to operate faster by increasing the RPM band and produce more power to boost the performance of the vehicles. This approach is environmentally friendly and saves a high amount of fuel. Moreover, the optimum consumption of fuel, minimal waste production and high efficiency are the foremost reasons that are driving the growth of the market. The stringent norms and regulations imposed by the government to curb the increasing emission of carbon dioxide and other hazardous gases and also the various emission standards imposed on the automotive manufacturers to produce vehicles as per the set rules and standards is propelling the growth of the turbocharger industry across the globe.   

Rapid Growth in the Production and Sales of Automobiles to Drive the Growth of the Market

Globally, the volume of vehicles is tremendously increasing since the few past years. The high demographic rate, increasing urbanization, improvement in the standard of living, expansion of the industrial sector, and developing infrastructures are considered to be the major factors for the rapid growth of the automotive industry. All these factors have resulted in the growth of disposable income of people which is encouraging them to purchase new vehicles. The young generation is more attracted towards the fuel efficient, light weight and high performance vehicles which is creating high demand for high-speed vehicles and sports cars. Moreover, the automotive manufacturing companies are investing a massive amount in research to innovate technologically advanced systems, and develop vehicles that offer high performance and low emission to fulfill the changing needs of the customers and also maintain a commendable position in the market. Furthermore, several initiatives are taken by government organizations regarding environmental safety, and various subsides are provided to the automotive industry to develop environmentally-friendly vehicles and increase their sales across the world.

• The Indian Government has come up with an upgrade in the emission norms. The new BS-VI emission norm has been imposed on the automotive sector to curb the increasing fuel emission boost the sales of automobiles in the coming years.  

RESTRAINING FACTORS

 Rising Inclination Towards Electric Vehicles to Restrain the Market Growth.

Globally, the automotive industry has seen a significant transformation. The sector is experiencing a lateral shift from conventional fuel engines to electrification in vehicles. The rapid growth in the fuel emission caused by the combustion engines is leading to environmental pollution and global warming crises. Nowadays, the automakers are relying more on sustainable sources of energy to curb these problems. Also, they are investing a high amount in research to develop technologically advanced systems and components as well as are adopting electric systems in vehicles. The electric turbochargers in the internal combustion engines are used to increase the operating efficiency of engines with the help of exhaust gases, whereas the electric motor propels the electric vehicles. Therefore, electric vehicles do not consist of an exhaust system. Furthermore, the government is also taking various initiatives to promote sustainable sources in vehicles. Thus the rising popularity of zero-emission vehicles as well as the growing demand for electric vehicles over combustion vehicles is likely to have an adverse effect on the automotive electric turbocharger market.

SEGMENTATION

By Fuel Type Analysis

The diesel type is Estimated to Hold the Largest Market Share in Electric Turbocharger Market

Based on the fuel type, the market is segmented into gasoline and diesel. The diesel fuel segment holds a major share in the global market and is expected to uphold its leading position during the forecast period. The diesel engine offers less power output than gasoline engines of similar capacity. The diesel engines are easier to alter for achieving greater performance. The automotive electric turbochargers reduce the speed of torque as well as enhance the transit performance of the diesel engine. Moreover, the higher utilization of this component can reduce the size of the diesel engines. The diesel engine produces less carbon dioxide in comparison with other fuel engines which help in improving the turbo efficiency, provides high durability and increases fuel efficiency. The automotive manufacturers are thus expected to diversify their product portfolio in the coming years to fulfill the rising consumer demands in the diesel fuel segment.

By Vehicle Type Analysis

Passenger Cars Segment Holds the Largest Market Share

In terms of vehicle type, the market is segmented into passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The passenger car segment has the maximum share in the global automotive electric turbocharger market as a larger population is inclined towards fuel-efficient and high-performance vehicles. Moreover, the rise in the purchasing capacity of people is ultimately leading to a high number of production and sales of passenger cars across the globe. Moreover, automotive manufacturing companies are investing a heavy amount in developing engines that deliver greater performance and low emission. Furthermore, the stringent regulations and policies imposed by the government to curb the rising fuel emission as well as initiatives taken to promote the sale of vehicles across the globe is boosting the growth of the automotive electric turbochargers in the passenger cars segment.

REGIONAL INSIGHTS

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Europe holds the major automotive electric turbocharger market share in the global market owing to the increasing adoption of these electric turbochargers by prominent automakers in this region. The stringent emission regulations implemented by the European Union to reduce emission rates as well as increase the fuel efficiency is creating high demand for electric turbos in this region. Moreover, the electric turbos are mostly used to obtain higher performance and the growing trend for supercars and high-performance vehicles are thus expected to boost the market in this region.

Asia Pacific also holds a significant share of the global market owing to the high volume of automobiles in this region. Developing countries such as China and India are the leading countries that have the highest number of sales and production of automobiles which is driving the growth of the market in this region. Moreover, the increasing urbanization, expansion in the industrial sector, improving standard of living, development in the road infrastructures, and rise in the income level of people are contributing to the growth of the market. Furthermore, stringent government regulations and fuel emission standards are propelling the growth of electric turbochargers in this region. The latest implementation of the BS-VI emission standard in India is also projected to aid the market for the automotive turbocharger.

North America is also anticipated to show exponential growth in the forecast period owing to the high volume of commercial vehicles as well as the rapid adoption of automotive electric turbochargers by the automotive industry.  Moreover, the rapid adoption of the technologically advanced functionalities is estimated to propel the market growth in this region. Moreover, the Environmental Protection Agency (EPA) in the United States has implemented stringent regulations and standards to curb rising fuel emission. The government has mandated the automotive manufacturers to develop cleaner and fuel-efficient engines.   

KEY INDUSTRY PLAYERS

Garett Motion Pioneers E-Turbo Technology to Deliver High Performance and Fuel efficiency

Key players such as Garrett Motion Company are the commercial vehicle partner that drives customized technology solutions to deliver end-customer value through greater performance, reliability, and high fuel efficiency.

The rising trend of automobile hybridization excavates opportunities to transfer electric boosting technology from racetrack to road. Garrett Motion is inventing E-Turbo technology to provide superior performance, high fuel economy and less emission, by integrating advanced, ultra-high-speed electric motors and power electronics into its turbocharger product portfolios.

LIST OF KEY COMPANIES PROFILED:

• 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. (Indiana, US)


• Robert Bosch GmbH (Gerlingen, Germany)


• Mahle (Stuttgart, Germany)


• Rotomaster International (Canada)


• Mitsubishi Heavy Industries. Ltd (Tokyo, Japan)


• IHI Corporation (Tokyo, Japan)


• Kompressorenbau Bannewitz GmbH (Bannewitz, Germany)


• Fuyuan Turbocharger Co, Ltd (Beijing, China)


• Marelli Corporation (Tokyo,Japan)


• Turbo Dynamics (Dorset, England) 

KEY INDUSTRY DEVELOPMENTS

• October 2018 – Honeywell announced Next-Generation Turbocharger Technology for Gasoline Engine: Honeywell, a prominent turbocharger manufacturing company unveils its development of new technology gasoline turbocharger. The company also announces its first application in the BMW gasoline engine.


• October 2019 – Garrett Motion to Introduce World’s First Electric Turbocharger: Garrett Motion Inc. has announced its planning to launch the world’s first electric turbocharger for passenger cars which is projected to arrive in the market by 2021. The company would launch its first E-Turbo application in luxury and high-performance vehicles.

REPORT COVERAGE

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The automotive electric turbocharger market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product.

Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the growth of the market over recent years.

Report Scope & Segmentation