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2021
Aircraft And Marine Turbochargers Market

Aircraft and Marine Turbochargers Market by Platform (Aircraft, Marine, and Unmanned Aerial Vehicle (UAV)), Component (Compressor, Turbine, and Shaft), and Technology (Single Turbo, Twin Turbo, and Electro-Assist Turbo): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Dec 2021 | 161 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Aircraft and marine turbochargers are also known as turbo, turbine operated forced induction devices are used to increase the power output and efficiency of internal combustion (IC). It works by forcing compressed air into the combustion chamber, increasing the overall efficiency of the engines in aircraft as well as ships. The turbochargers recover waste energy from the engine exhaust stream and use it to power a turbine, which drives a compressor. This compressor draws in ambient air, compresses it, and feeds it to the engine intake, resulting in a larger mass of air and, consequently, a greater amount of fuel entering the cylinders on the intake stroke. Moreover, turbochargers play important role in all the aircraft engines in case of engine propulsion, when the aircraft is at a high altitude, it might experience a rapid pressure drop of the ambient air. During that time, the turbochargers within a miniscule time interval compress the air back to the normal pressures. Furthermore, this process is called turbo-normalizing or pressure boost, which is called turbocharging, which enables the engine to produce the rated power at a high altitude. This feature thus plays a pivotal role in aircraft locomotion. On the other hand, turbochargers are used in engines of large ships & cruises to improve the power of engine output capacity and power to weight ratio.

Market Scope and Structure Analysis:

Report Metric

Details

   Market size available for years

   2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value (USD)

  Segments covered

  Platform, Component, Technology, and Region

  Regions covered

 North America, Europe, Asia-Pacific, and LAMEA

  Companies covered

Hartzell Engine Technologies, PBS Velka Bites, Rolls-Royce, Mitsubishi Heavy Industries, Main Turbo Systems, ABB, Cummins, Kawasaki Heavy Industries, MAN Energy Solutions, and Textron Aviation Inc.

 

COVID-19 Impact Analysis: 
Government across major countries have announced a lockdown due to COVID-19 pandemic resulting in the halt of business. Furthermore, both aircraft and marine industry has been adversely affected due to lockdown. All the aircraft were stranded at the airports due to lockdown and travel restrictions which severely affected the aviation industry. Moreover, in the case of marine, all the cargo ships were stranded in the middle of the ocean and were not allowed to enter the port by authorities due to the risk of the virus spreading. This delayed in the delivery of goods affected the marine industry. Furthermore, all the manufacturing of both aircraft and ships was disrupted due to the pandemic which impacted directly on the demand for the aircraft and marine turbochargers. Moreover, the demand for ship and aircraft maintenance declined during the pandemic which affected the demand for turbocharger replacement. Unavailability of labor for manufacturing & maintenance services and unavailability of raw material of manufacturing further affected the operation. Both aircraft and marine are developing sectors that were affected by the pandemic but are expected to grow post-pandemic and drive the growth of the aircraft and marine turbochargers market.
Top Impacting Factors 
Rise in demand for better engine performance & fuel efficiency, increase in use of ship for cargo shipping, and adoption of 3D printing for aircraft turbocharger manufacturing is drive growth of the market.
However, complex maintenance and high replacement cost can hamper growth of the market.
Rise in manufacturing of aircraft, increase in demand for lightweight aircraft engine, and surge in maritime tourism act as an opportunity for growth of the market.
Market Trends
Rise in Maritime Tourism

Marine tourism destinations in Greece, France, the Indian Ocean, and the Caribbean Sea are amongst the most attractive marine tourist destinations across the globe. Water sports, deep diving, and water skiing are popular among the travelers across the globe. Moreover, the trend of owing a yacht or a boat is increasing, owing to increase in disposable income of the people. Such factors have contributed to an increasing demand for fuel-efficient and high-power marine vehicles with turbochargers. Hence, with the rise in marine tourism, act as an opportunity for the growth of the aircraft and marine turbochargers market.
.   

Key Segments Covered:

 

Segments

Sub-segments

  Platform

  • Aircraft
  • Marine
  • Unmanned Aerial Vehicle (UAV)

  Component

  • Compressor
  • Turbine
  • Shaft

  Components

  • Single Turbo
  • Twin Turbo
  • Electro-Assist Turbo

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the aircraft and marine turbochargers market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the aircraft and marine turbochargers market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the aircraft and marine turbochargers market.
  • The report provides detailed aircraft and marine turbochargers market analysis based on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Aircraft and Marine Turbochargers Market Research Report:

  • Who are the leading market players active in the aircraft and marine turbochargers market?
  • What would be the detailed impact of COVID-19 on the market?
  • What are the   current trends that would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in aircraft and marine turbochargers market?
  • What are the future projections that would help in taking further strategic steps? 
 
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