Honeywell Turbo Technologies, a leading developer of automobile turbochargers, has released its Global Turbo Forecast that estimates the industry will generate USD 12 billion in revenue by equipping 49 million
vehicles with turbochargers annually by the year 2019.
The continued growth of turbocharging technologies will be driven by requirements for automobile manufacturers to meet environmental emissions regulations and strong demand in emerging markets.
Small turbocharged engines are a good no-compromise solution for automakers looking to satisfy global fuel economy and emission regulations and more importantly customer demand for better-performing vehicles.
Turbochargers can help small engines improve fuel economy as much as 20 to 40 percent in gas and diesel
engines, respectively, when compared with larger naturally aspirated engines and still provide good performance. In addition to improving fuel efficiency, smaller turbocharged engines also reduce harmful exhaust emissions.
Constant pressure to improve the driver experience and meet future industry requirements is growing as seen in this years forecast, which have double-digit growth in both North America and China.
Terrence Hahn, President and CEO of Honeywell Transportation Systems said they expect the industry to
produce more than 200 million new turbo-equipped vehicles over the next five years, driving the continued demand for well-designed, boosted engines that reduce fuel consumption and improve vehicle performance.
With the company's localized engineering and manufacturing capability,Honeywell is optimistic about the Indian market as Milind Godbole, the Managing Director of Honeywell Turbo Technologies, India says.