Global Automotive Electric Turbocharger Market Size, Share: By Propulsion Type: IC-Engine, Hybrid Propulsion Engine; By Vehicle Type: Commercial Vehicle, Passenger Vehicles, Light-Duty Vehicle, Others; By Sales Channel: OEM, Replacement, Others; ; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Automotive Electric Turbocharger Market Size

The global automotive electric turbocharger market value is expected to grow at a CAGR of 12.1% during the period 2024-2032. The market is expected to be driven by the turbocharger’s function to provide more power, better efficiency, and less lag in power delivery. North America, Europe and Asia are expected to be key markets.

Electrical Turbocharger Technology Likely to Extend to Electrification of Heavy-Duty Vehicles and Increase Productivity

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Electrical turbocharger technology extends the benefits of hybrid electrification to the on-highway heavy-duty sector through electric boosting, turbo compounding, and improved after-treatment thermal management. This is rising the demand of automotive electric turbocharger market as it leads to the possibility of fuel economy savings from engine down-sizing, twenty percent engine-out NOx and soot decrease through transient operations, benchmark brake thermal efficacy, and improved system cost.

For off-highway vehicles (like agricultural tractors), electrical turbochargers could help improve productivity due to fuel economy savings and improved emissions because of more compact downsized engines.

Increased Adoption of Electrical Turbochargers Likely to Help Global Automotive Electric Turbocharger Market Growth

Electrical turbochargers are expected to become more common with several auto makers competing to offer faster automobiles. High performance vehicles and expensive executive cars would most likely be the first beneficiaries of the technology.

Several cars available today use electric turbochargers for better fuel efficiency and performance, which showcases the rising automotive electric turbocharger demand. The first production car to carry the technology was the Audi SQ7. Its 4.0-litre twin-turbo V8 diesel engine was assisted by an electric turbo system to help it produce 435hp. Volvo’s S90, V90 estate and XC90 SUV come with a broadly similar system (in D5 Powerpulse models).

In 2016, BorgWarner supplied its advanced wastegate turbocharging technology for several hybrid electric vehicles (HEVs) from BYD Auto Industry Company Limited. The highly durable turbochargers boosted BYD Auto’s 1.5-litre direct injection gasoline engine in its Qin, Song and Yuan HEVs as well as the 2.0-litre direct injection gasoline engine in its Tang and Song HEVs. As efficiency enablers for hybrid powertrains, BorgWarner’s wastegate turbochargers were devised to fulfil challenging emissions requirements by giving powerful yet efficient performance.

Automotive Electric Turbocharger Market Trends

The auto industry is witnessing rapid adoption of electrified hybridisation, leveraging high voltage systems to enhance fuel efficiency and performance. It is suggested that hybrid powertrains boosted by novel technologies would secure nearly thirty percent of the global light-vehicle market by 2030.

Moreover, leading companies today are engaged in developing innovative solutions, demonstrating a key trend in the automotive electric turbocharger market. For example, Garrett’s E-Turbo is a passenger vehicle industry-first innovation. It eliminates turbo lag through a high-speed electric motor placed directly on the turbo shaft between the compressor and the turbine; it also recovers energy, contributing to the vehicle energy management system. For hybrid powertrains, modern innovative solutions such as Garrett’s E-Turbo significantly enhance transient engine performance and low-end torque, deliver more power and faster response, and enable engine efficiency through energy recuperation. Further, such solutions may be used as motor as well as generator, by supporting the boosting system and powering the hybrid motor directly or recharging the battery.

Solutions Capable of Meeting Future Legislations Related to Emissions Expected to Boost Global Automotive Electric Turbocharger Market Share

Electrification of a turbocharger eliminates the need for a small high-efficiency turbine to drive the compressor at low flow rates. Electric motors and wide-range compressors of electric turbochargers improve low-end response and extend high-end performance. This, along with recuperated energy, enables the vehicle’s electrical system to contribute to stoichiometric air/fuel ratios required to fulfil future legislations related to emissions. Such solutions are expected to stimulate the growth of the automotive electric turbocharger market.

Recent Developments

In India, there is a rising trend of vehicle modification. To cater to this demand, Maruti Suzuki launched Jimny, a compact sized vehicle in June 2024, which has gained substantial popularity in India. The Jimny car comes with an equipped turbocharger kit, which helps bolster its engine power capacity and provide optimal vehicle performance. Such developments have boosted automotive electric turbocharger market share in India.

Industry Outlook

As per OICA, the global vehicle sales experienced fluctuations between 2019 and 2023. In 2019, sales were at 92,065,258 units, followed by a decline to 79,668,562 units in 2020. Sales saw a recovery in 2021, reaching 83,638,420 units, but slightly decreased again in 2022 to 82,871,094 units. By 2023, sales surged to 92,724,668 units, surpassing the previous high of 2019. The rising vehicle sales is expected to drive the growth of the automotive electric turbocharger industry.

The global sales of passenger cars experienced a significant decline from 64,803,420 units in 2019 to 54,742,117 units in 2020. Recovery began in 2021, with sales increasing to 57,276,040 units. The upward trend continued in 2022, reaching 58,644,601 units, and further accelerated in 2023 with sales climbing to 65,272,367 units. The overall trend indicates a strong recovery and growth in passenger car sales post-2020.

The global sales of commercial vehicles showed a notable fluctuation from 2019 to 2023. In 2019, sales were at 27,261,838 units but dropped to 24,926,445 units in 2020. There was a recovery in 2021 with sales increasing to 26,362,380 units. However, 2022 saw another decline to 24,226,493 units. In 2023, sales rebounded strongly to 27,452,301 units, indicating a growth trend in the commercial vehicle market and in automotive electric turbocharger industry revenue.

As per OICA data, several governments have set ambitious targets for phasing out new internal combustion engine (ICE) light-duty vehicles. Norway aims to achieve 100% zero-emission vehicle sales by 2025. By 2030, Iceland, the United Kingdom, Ireland, the Netherlands, Austria, Slovenia, and Singapore have committed to full transition targets. The United Kingdom, Denmark, and several US states, including California and New York, have set their targets for 2035. As per automotive electric turbocharger industry analysis, European countries like France and Spain plan for a 2040 transition, while Costa Rica and Cape Verde aim for 2050. Canada targets 2035 for achieving zero-emission vehicle sales. Notably, countries like Japan, Germany, and India have not established official phase-out targets or fall below the 100% ambition level.

Enhanced Performance and Efficiency Drive Market Strength

• Electric turbochargers significantly enhance engine performance and fuel efficiency, making them highly attractive in the automotive industry.

• These turbochargers contribute to reducing emissions, aligning with global regulatory trends towards stricter emission norms.

• Continuous advancements in electric turbocharger technology are increasing their reliability and effectiveness, which in turn is impacting automotive electric turbocharger demand growth.

High Costs and Complexity Challenge Hinders Product Adoption

• The initial cost of electric turbochargers is relatively high, which can be a barrier for widespread adoption.

• Integrating electric turbochargers into existing automotive systems can be complex and technically challenging.

• There is still a lack of awareness about the benefits of electric turbochargers among consumers and some industry stakeholders.

Fuel Efficiency and Electric Vehicles Present Opportunities

• Increasing consumer and regulatory demand for fuel-efficient vehicles provides a significant growth opportunity for automotive electric turbocharger market.

• The rise of electric and hybrid vehicles opens new markets for electric turbocharger technology.

• Government incentives for reducing emissions and adopting green technologies can boost market growth.

Economic and Technological Threats Pose Risks

• Economic downturns and fluctuations can impact automotive sales, indirectly affecting the electric turbocharger market dynamics and trends.

• Development of alternative technologies such as electric superchargers and advancements in battery technology for EVs can pose competition.

• While regulations can drive growth, overly stringent or rapidly changing regulations can also pose compliance challenges.

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Global Automotive Electric Turbocharger Industry Segmentation

By propulsion type, the market is segmented into:

• IC-Engine (further broken down by type as given below)
  • Gasoline Powered
  • Diesel Powered
• Hybrid Propulsion Engine

By vehicle type, the market can be classified into:

• Commercial Vehicle
  • Medium-Duty Commercial Vehicle
  • Heavy Duty Commercial Vehicle
• Passenger Vehicles

• Light-Duty Vehicle

• Others

By sales channel, the automotive electric turbocharger market is divided into:

• OEM

• Replacement

• Others

By region, the market is segmented into:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Automotive Electric Turbocharger Market Regional Insight

Based on region, Asia-Pacific (APAC) leads the market share as the demand for turbochargers in passenger and commercial cars is particularly high in countries like India, China, Japan, and Australia. Europe is another major market for automotive electric turbochargers. Countries like the United Kingdom, Italy, France, Spain, and Germany contribute to the market’s expansion.

Global Automotive Electric Turbocharger Market Competition

Technological Advancements:

• Companies are investing heavily in research and development to introduce advanced electric turbochargers that offer improved efficiency, reduced lag, and better performance.

• Integration of smart technologies and AI-driven solutions to optimise turbocharger performance and vehicle fuel economy can impact automotive electric turbocharger demand forecast.

Strategic Partnerships and Collaborations:

• Collaboration with automotive OEMs (Original Equipment Manufacturers) to develop customised solutions that meet specific vehicle requirements.

• Partnerships with technology firms to enhance product offerings and integrate advanced features can increase the size of automotive electric turbocharger market.

Market Expansion and Diversification:

• Diversification of product portfolios to include turbochargers for hybrid and electric vehicles, addressing the shift towards cleaner and more efficient automotive solutions.

• Expansion into emerging markets to capitalise on the growing demand for electric vehicles and advanced automotive technologies provides automotive electric turbocharger market opportunities.

Competitive Pricing and Cost Efficiency:

• Companies are focusing on competitive pricing strategies to attract more customers and increase automotive electric turbocharger market share.

• Emphasis on cost-efficient production processes to reduce overall manufacturing costs and offer affordable solutions to automotive manufacturers.

Sustainability and Environmental Regulations:

• Adherence to stringent environmental regulations and standards is driving companies to innovate and develop eco-friendly turbocharging solutions.

• Focus on sustainability initiatives and reducing the carbon footprint of manufacturing processes.

Competitive Landscape in the Global Automotive Electric Turbocharger Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Garrett Motion Inc.

• IHI Corporation 

• BorgWarner Inc. 

• TORQAMP 

• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

Automotive Electric Turbocharger Market Report Snapshots

Automotive Electric Turbocharger Market Size

Automotive Electric Turbocharger Market Growth

Automotive Electric Turbocharger Market Trends

Automotive Electric Turbocharger Market Share

Automotive Electric Turbocharger Companies

Automotive Electric Turbocharger Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.