Automotive Turbo-Compounding System Market by Product type (Mechanical Turbo Compounding System, Electric Turbo Compounding System), by Vehicle Type (Racing Cars, Heavy Commercial Vehicles), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Automotive Turbo-Compounding System Market size was valued at USD 4.3 USD Billion in 2023 and is projected to reach USD 11.25 USD Billion by 2032, exhibiting a CAGR of 14.73 % during the forecast period. An automotive turbo-compounding system is a technology used in internal combustion engines to improve efficiency by recovering waste energy from exhaust gases. It typically consists of a turbine placed in the exhaust system, which is connected to a shaft that drives a supplementary power generator. The automotive turbo-compounding system market has been gaining momentum due to increasing emphasis on improving fuel efficiency and reducing emissions in vehicles. Turbo-compounding technology utilizes exhaust gases to generate additional power, thereby enhancing overall engine efficiency. This technology is particularly attractive in commercial vehicles, such as trucks and buses, where fuel savings can significantly impact operating costs. The automotive turbo-compounding system market is experiencing significant growth driven by the increasing demand for fuel-efficient and high-performance vehicles. Turbo-compounding systems, which recover energy from the exhaust gases of internal combustion engines to improve overall efficiency, are becoming increasingly popular in both passenger and commercial vehicles.
Product type:
Vehicle Type:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.73% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.73% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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