Compared to a naturally aspirated engine with an identical power output, the fuel consumption of a turbocharger engine is lower, as some of the normally wasted exhaust energy contributes to the engine's efficiency. The turbocharger engine's installation space requirement is lower than that of a naturally aspirated engine with the same power output. Because of the reduced overall size, the sound-radiating outer surface of a turbocharger engine is smaller; it is therefore less noisy than a naturally aspirated engine with identical output. Turbochargers offer improved fuel economy and reduced emissions. Turbochargers aid in engine downsizing, helping to improve fuel economy from 20% to 40%; they also enhance horsepower and torque for improved drivability.
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In North America, the U.S. and Mexico account for a significant portion of the turbocharger market. The LCV segment is a major contributor in the turbocharger market, followed by the passenger car and HCV segments. The use of turbochargers has led to a substantial improvement in fuel and engine efficiency, and it helps reduce the overall carbon emissions from vehicles.
Over several years, turbocharger market technologies in the North America region have witnessed significant advancements, which are transforming its demand and supply throughout the world. In the North American countries, production of vehicles was estimated to be the third highest globally, Asia-Pacific being the leader; followed by Europe in 2014.
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Turbochargers have been segmented on the basis of vehicle type, fuel type, and country. The vehicle type segment has been further categorized into passenger cars, LCV, and HCV. The driver for this segment is vehicle production in North America. The fuel type segment includes gasoline powered and diesel fuel powered turbochargers; this segment is restrained due to the limited availability of fossil fuels and increasing use of battery operated vehicles. On the basis of country, the North America turbocharger market has been divided into three major countries: the U.S., Mexico, and Canada. The U.S. was estimated to lead the overall NA turbocharger market is North America in 2014.
