Supercharger for Automotive Market: Market Development, Overview and Forecast upto 2026
Supercharger for automotive is an air compressor that offers technique to control emissions while enhancing performance. The supercharger enables complete combustion for a cleaner running engine with better mileage, by increasing the flow of oxygen into an engine, and therefore, eliminating partially-burnt fuel. Superchargers are also known as forced induction system, which increases the density or pressure supplied to the internal combustion engine of the vehicle. A few modern vehicles incorporated with superchargers include BMW i8, Volvo XC90, Tesla Motor’s model-S, Chevrolet Camaro, Audi A6, Jaguar F-pace, Cadillac CTS-V, Chevrolet Corvette Z06, and Chevrolet S-10.
Rapid development and progression of technologically advanced systems and components such as supercharger for vehicles, which is usually common in modern cars, is a key factor that is anticipated to drive the supercharger for automotive market during the forecast period. The supercharger is expected to be considered as a standard equipment in the automotive vehicle industry market during the forecast period owing to technological advancements in the automobile industry.
It uses advance technology to supply enough pressurized air to the engine’s intake charge, which leads to enhanced engine performance, which in turn is estimated to drive the supercharger for automotive market during the forecast period. This technology is anticipated to provide lucrative opportunities for modernization of automotive industries due to its numerous benefits such as durability, cost-effectiveness, and ease of installation in a variety of vehicles. Presence of substitutes such as turbocharger, which is similar to the supercharger and results in higher fuel-efficiency and power generation, is projected to be a major restraint of the supercharger for automotive market during forecast period.
The supercharger for automotive market can be segmented based on product type, vehicle type, power source, fuel type, and region. Based on product type, the supercharger for automotive market can be segregated into traditional supercharger and electric supercharger. Traditional superchargers are not viable on engines smaller than 2.5 L. This can be anticipated by electric supercharger that are small and compact and has a comparatively low cost.
Based on vehicle type, the supercharger for automotive market can be classified into passenger vehicles and commercial vehicles. The passenger vehicle segment accounts for a prominent share of the market. The passenger vehicles segment is further sub-classified into sedans, multi-purpose vehicles, and sports utility vehicles.
Based on power source, the supercharger for automotive market can be divided into two segments. In terms of power source, the electric motor driven segment holds a major share of the market. Electric motor supplies power in order to operate the supercharger, which in turn reduces strain on the engine of the vehicle.
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In terms of fuel type, the supercharger for automotive market can be divided into three segments. In terms of fuel type, the gasoline segment accounts for a major share of the market owing to the higher rate of adoption of superchargers in gasoline fuel type vehicles.
Based on geography, the supercharger for automotive market can be segregated into five regions. Asia Pacific accounts for a major share of the global supercharger for automotive market, due to the high rate of adoption and the expansion of the automotive components sector, leading to an increased production of vehicles with automotive superchargers, especially in China, Japan, India, and South Korea. Furthermore, the supercharger for automotive market in Europe is expanding due to rapid technological developments in the region, especially in Germany, Italy, the Netherlands, France, and the U.K.
Key players operating in the global supercharger for automotive market include Valeo, Honeywell International Inc., Eaton, Robert Bosch GmbH, Continental AG, Duryea Technologies, Ford Motor Company, and Aeristech Ltd.