Torrance, California – The global market for turbocharged vehicles will double in the next five years, from 17 million in 2009 to 35 million by 2015, according to turbocharger producer Honeywell.
This includes a rapid growth in the U.S., where turbocharged vehicles are expected to grow from nearly one million today to more than four million in five years, an increase from five to over 20 per cent. In China, turbocharging will grow from approximately 10 per cent today to over 20 per cent by 2015. The company also expects the global turbocharged commercial vehicle engine segment to grow from 3.5 million in 2009 to six million by 2015.
Much of the demand is due to tightening fuel economy and emissions standards worldwide, as well as consumer demand for affordable, more fuel-efficient vehicles, the company said. Turbocharging can deliver a fuel economy improvement of up to 20 per cent on gasoline vehicles, and up to 40 per cent on diesel vehicles, with no compromise on performance and at a significant cost discount to hybrid and electric vehicles.
“Despite the buzz around hybrid and electric vehicles, it is clear that automakers will be looking primarily at turbocharged engines to help ‘green’ their fleets and meet the regulatory targets like CAFE in the U.S.,” said Alex Ismail, president and CEO of Honeywell Transportation System. “We have witnessed a sharp increase in demand for our turbos on both passenger and commercial vehicles in the U.S. and China, and expect to grow in new sectors like small gas engines in Europe, where turbo penetration is already very strong.”