Dublin, March 14, 2019 (GLOBE NEWSWIRE) -- The "Aircraft and Marine Turbochargers Market by Platform (Aircraft, Marine, Unmanned Aerial Vehicle (UAV)), Component (Compressor, Turbine, Shaft), Technology (Single Turbo, Twin Turbo, Electro-Assist Turbo) and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The aircraft and marine turbochargers market is projected to grow from USD 270 million in 2018 to USD 290 million by 2023, at a Compound Annual Growth Rate (CAGR) of 1.41% during the forecast period from 2018 to 2023.
Several engine manufacturers are developing fuel-efficient engines for aircraft and ships. This is expected to lead to the rising demand for aircraft and marine turbochargers, thereby leading to the growth of the aircraft and marine turbochargers market across the globe. However, the complex designs of aircraft and marine turbochargers can lead to their maintenance difficulties, which are expected to hinder the growth of the market during the forecast period.
Aircraft and marine turbochargers are turbine-driven, forced induction devices that are used in piston engines to enable them to produce more power. In a normally aspirated piston engine, intake gases are drawn into the cylinder by the reduced pressure created by the downward stoke of a piston. Aircraft and marine turbochargers recover waste energy from the engine exhaust stream and use it to power a turbine, which in turn, drives a compressor. This compressor draws in ambient air, compresses it, and feeds it to the engine intake, resulting in a greater mass of air and, proportionally, a greater amount of fuel entering the cylinders on the intake stroke.
Development of new technologies such as electro-assist turbochargers and variable geometry turbochargers has led to the modernization of aircraft and marine turbochargers. The aircraft and marine turbochargers market has undergone tremendous technological advancements. Suppliers of these turbochargers are developing products that are more efficient and reliable. In this market, manufacturers are focused on enhancing their market share by engaging in research & development activities to minimize weight, drag, and fuel consumption of aircraft for a greener environment. Additionally, they are also working toward high strength and durable materials for increased safety of aircraft. To comply with airliners' and operators' demand, major players in the aircraft and marine turbochargers market are developing turbochargers which help produce more power.
The aircraft and marine turbochargers market has been growing at a significant rate, and this trend is expected to continue during the forecast period. Increasing demand for fuel-efficient aircraft engines and growth in maritime tourism are some of the drivers influencing the growth of the aircraft and marine turbochargers market.
Increasing demand for fuel-efficient aircraft engines and rising demand for light jets in emerging markets are expected to drive market growth. Apart from a general overview of the major companies in this segment, this report also provides financial analysis, products, services, and key developments of the major players in the industry.
ShinMaywa (Japan), Strata Manufacturing (UAE), FACC AG (Austria), NORDAM (US), Airbus (France), Boeing (US), and Avcorp (Canada) are some of the leading players covered in the aircraft and marine turbochargers market report.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities In Aircraft And Marine Turbochargers Market, 2018-2023
4.2 Aircraft And Marine Turbochargers Market, By Platform
4.3 Aircraft Turbochargers Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1 Growth In Maritime Tourism
5.3.2 Increasing Focus On Fuel-Efficient Aircraft Engines
5.3.3 Increasing Number Of Aircraft Deliveries
5.3.4 Rising Demand For Light Jets In Emerging Economies
5.4 Opportunities
5.4.1 Growing Demand For Lightweight Aircraft Engines
5.4.2 Adoption Of 3D Printing For Aircraft Turbocharger Manufacturing
5.4.3 Marine Turbochargers For Gasoline & Diesel Engines
5.5 Challenges
5.5.1 Complex Design Of Aircraft Turbochargers, Leading To Maintenance Difficulties
5.5.2 Global Marine Freight Rates
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 3D Printing Technology For Turbochargers
6.2.2 Air Foil Bearings
6.2.3 Hybrid Turbochargers For Marine Engines
6.2.4 Variable Geometry Turbocharger For Marine
6.2.5 Electro-Assist Turbo Technology For Marine Turbocharged Diesel Engines
6.3 Regulatory Landscape
6.3.1 Component Design
6.3.2 Airline/Marine Operations
6.3.2.1 Durability
6.3.2.2 Repairability
6.3.3 Manufacturing
6.3.3.1 Reproducibility
7 Aircraft And Marine Turbochargers Market, By Platform
7.1 Introduction
7.2 Aircraft
7.2.1 Ultralight (Turboprop)
7.2.1.1 Increased use of fuel efficient aircraft in ultralight
7.2.2 Ultralight (Piston)
7.2.2.1 The main advantage of piston engine is to allow the plane to have a more narrow front fuselage that reduces drag
7.3 UAV
7.3.1 Tactical UAV
7.3.2 Strategic UAV
7.3.3 Special Purpose UAV
7.4 Marine
7.4.1 Military Ships
7.4.1.1 Surface naval ship
7.4.1.2 Aircraft carrier
7.4.1.3 Surface combatant
7.4.1.4 Coastal defense
7.4.1.5 Patrol combatant
7.4.1.6 Amphibious warfare
7.4.1.7 Combat logistics
7.4.1.8 Mine warfare
7.4.1.9 Sealift
7.4.2 Commercial Ships
7.4.2.1 Merchant ship
7.4.2.2 Bulk carrier
7.4.2.3 Container
7.4.2.4 Oil tanker
7.4.2.5 Offshore vessel
7.4.2.6 Recreational boat
8 Aircraft And Marine Turbochargers Market, By Component
8.1 Introduction
8.2 Compressor
8.2.1 Increasing Demand For The High Performance Materials For Compressor
8.3 Turbine
8.3.1 Turbine Is Mostly Used To Control Exhaust Airflow, Aircraft Wastegates And Manage The Turbine Speed
8.4 Shaft
8.4.1 Shaft Is One Of The Most Important Component To Produce Shaft Power Than Jet Thrust.
8.5 Others
9 Aircraft And Marine Turbochargers Market, By Technology
9.1 Introduction
9.2 Single Turbo
9.2.1 Single Turbo Is Used To Increase The Power Output For Turbocharger
9.3 Twin Turbo
9.3.1 Reduced Operating Costs And Maintenance Is The Major Factors For Twin Turbo
9.4 Electro-Assist Turbo
9.4.1 Increasing Demand For Electro-Assist Turbochargers In Marine Industry For The Use Of Marine Diesel Engine
9.5 Variable-Geometry Turbo
9.5.1 Increasing Demand For Variable-Geometry Turbocharger
For Marine Industry To Produce High Engine Speeds
10 Aircraft And Marine Turbochargers Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.3 Europe
10.3.1 France
10.3.2 Germany
10.3.3 Italy
10.3.4 Switzerland
10.3.5 UK
10.3.6 Russia
10.3.7 Rest Of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Australia
10.4.4 New Zealand
10.4.5 Japan
10.4.6 South Korea
10.4.7 Rest Of Asia Pacific
10.5 Rest Of The World
10.5.1 Latin America
10.5.2 Middle East
11 Competitive Landscape
11.1 Introduction
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 Contracts
11.3.2 New Product Developments
11.3.3 Acquisitions And Agreements
12 Company Profiles
12.1 Hartzell Engine Technologies
12.2 PBS Velka Bites
12.3 Rolls-Royce
12.4 Mitsubishi Heavy Industries
12.5 Main Turbo Systems
12.6 Textron Inc.
12.7 General Electric
12.8 ABB
12.9 Cummins
12.10 Kawasaki Heavy Industries
12.11 Jrone Turbocharger
12.12 Lycoming Engines
12.13 Continental Motors Group
12.14 Man Energy Solutions
12.15 Innovators
12.15.1 Mahindra Aerospace
12.15.2 A&S Turbochargers Co.
12.15.3 Van Der Lee Turbo Systems
12.15.4 Sprintaero
12.15.5 Diamond Aircraft Industries
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