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Honeywell's Global Turbo Forecast
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.