Global marine turbochargers market size is forecast to reach over USD 780 million by 2026. Increasing efforts towards optimization of turbochargers for achieving high performance and maximum operational flexibility will provide a positive outlook to the product development.
Increasing demand for enhanced performance of ships with surging seaborne trade across nations is likely to drive global marine turbochargers market forecast. Favorable sea trade policies are positively impacting the industry growth. Surging requirements for new commercial ships will also boost product deployment. Turbocharger in a ship’s engine is a crucial component, as it reuses the exhaust gases in order to increase the overall efficiency of the engine. Continuously advancing propulsion technologies along with strict laws pertaining to carbon emissions imposed by regulatory bodies will increase product penetration.
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- Imposition of hazardous gas emission regulations
Strict impositions by regulatory bodies such as IMO (International Maritime Organization) to control gas emission is prompting the adoption of advanced marine turbochargers for reducing oxides of nitrogen. Surging demand from ship operators for enhanced engine & turbocharger efficiencies to meet the EEDI targets is fueling product penetration.
Newly developed advanced marine turbochargers offer various advantages over the traditional ones, such as higher pressure ratios as well as improved efficiencies, reducing the environmental impact further. Utilization of structure software such as (FEA – Finite Element Analysis) and ANSYS enables flexible structure development processes, which is further aiding in making modifications in turbocharger at later stages.
Thermal management control of turbine and bearings plays a crucial part in maintaining the optimum engine efficiency. Techniques such as CFD (Computational Fluid Dynamics) are also being employed in turbine blades and compressor wheels for determining the primary and secondary flow structure around impeller blades.
- Development of powerful recreational vessels
Rise in disposable incomes in conjunction with increased consumer spending are fueling the sales of new-gen recreational boats integrated with latest propulsion technologies. Increasing requirements for higher speed and optimal power output in ships for recreational sports activities are encouraging ship manufacturers to employ advanced technologies.
Digital monitoring of turbochargers improves performance over longer operating periods, increases product lifecycle and aids in fault recognition and damage reduction. Demand for effective control, monitoring as well as diagnosis of turbochargers is encouraging the integration of digital solutions and power electronics.
Integration of adjustable blade turbocharger provide better alteration of aspect ratios, further expanding effective area of turbine. Improved pressure ratios along with reduced lag time by the integration of adjustable blades enables flexible air management for optimized combustion and enhances the overall engine efficiency.
Increasing adoption of electrically assisted turbochargers to lower fuel consumption at high speed and to maintain speed variations during low load conditions, is likely to supplement marine turbochargers market share.
- Contribution of leading industry players
Close cooperation of marine vessel manufacturers and engine manufacturers from prototype stages to series production enables product developments as per specific requirements. With increasing demand for efficient marine vessels, major industry participants are emphasizing on utilizing novel materials and mechanisms to attain lightweight structure and higher pressure ratios.
For instance, Kompressorenbau Bannewitz GmbH, a shipping & marine supplier introduced in 2016 its ST27, an innovative turbocharger series that delivers pressure ratio up to 5.5:1. The players in the industry are focusing on modernization and upgradation of existing turbochargers in order to maximize reliability and operational flexibility of marine vessels.
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Glimpse of Table of Content (ToC): –
Chapter 4. Marine turbochargers market, By Operation
4.1. Global marine turbochargers market technology insights
4.2.1. Global market estimates and forecasts, 2016 – 2026
4.2.2. Market estimates and forecast, by region, 2016 – 2026
4.3.1. Global market estimates and forecasts, 2016 – 2026
4.3.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 5. Marine turbochargers market, By Technology
5.1. Global marine turbochargers market technology insights
5.2. Single turbo
5.2.1. Global market estimates and forecasts, 2016 – 2026
5.2.2. Market estimates and forecast, by region, 2016 – 2026
5.3. Twin turbo
5.4. Electric assist turbo
5.5. Variable geometry turbo
Chapter 6. Marine turbochargers market, By Component
6.1. Global market component insights
6.2.1. Global market estimates and forecasts, 2016 – 2026
6.2.2. Market estimates and forecast, by region, 2016 – 2026
6.4. Central shaft
Chapter 7. Marine turbochargers market, By Application
7.1. Global market application insights
7.2. Military ships
7.2.1. Global market estimates and forecasts, 2016 – 2026
7.2.2. Market estimates and forecast, by region, 2016 – 2026
7.3. Commercial ships
7.3.3. Bulk Carriers
7.3.4. Container Ships
7.3.5. Oil & Chemical Tankers
7.3.6. Off-shore Vessels
7.3.7. Cargo Ships
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