Global Compressor Wheel Market: Industrial Analysis and Forecast (2020-2026)

Global Compressor Wheel Market was valued $XX Mn in 2019 and is expected to reach $XX Mn by 2026, at a CAGR of XX% during the forecast period.
Global Compressor Wheel Market Introduction

Global Compressor Wheel Market

The compressor wheel is a crucial component of a turbocharger and is used to boost the intake of air pressure of an internal combustion engine. Conventional compressor wheels are made from aluminum because it offers lower density. Additionally, it is three times lighter than steel. In the recent past, compressor wheel designs have gotten better remarkably due to changing customer demands and different operating surroundings. Newer designs of compressor wheels are flatback, super back, deep super back, and expanded tip deep super back.
Global Compressor Wheel Market Dynamics

Numerous manufacturers are focusing on the development of compact and lighter compressor wheels, which are witnessing high demand across automotive applications. Considering the importance of the compressor wheel in turbochargers, the manufacturer gives high preference to the accurate and proper design of the compressor wheel. Aluminum is the first choice of material to be used for the manufacturing of the compressor wheel. Before aluminum, various other products, such as plastic, titanium, and magnesium, have been used for the manufacturing of compressor wheels. Ross Casting & Innovation LLC is gaining recognition for its affordable and mechanically sound compressor wheels. Manufacturers are increasing their R&D muscle to develop durable impellers with superior heat dissipation and rotational characteristics. Apart from diesel engines, manufacturers in the compressor wheel market are increasing their focus on the aerospace, marine, and watercraft industries. They are expanding their product portfolio in flatback, deep back, and super back contours.
Global Compressor Wheel Market Segment Analysis

The modern trend in the automotive industry is to minimize emissions of the vehicle power units. One of the ways which many car and engine manufacturers are using is to introduce turbochargers into the power unit. The turbocharger not only helps to reduce emissions but also increases output power. The rising number of turbocharged engines produced constrains the turbocharger manufacturers to increase effectiveness, reliability, and usability while preserving or reducing the costs.

Global Compressor Wheel Market

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Global Compressor Wheel Market Regional Insights

Global Compressor Wheel

North America is projected to account for the largest share of the global compressor wheel market during the forecast time frame. The United States is a major market in North America owing to technological advancement, completely mechanized the industrial sector and the existence of giant manufacturers in this region.
Asia-Pacific is considered as one of the most important regions for the growth of the compressor wheel market. Different companies from various sectors have started their plants in countries such as India and China. The number of wastewater treatment plants and manufacturing plants is increasing in these countries. Therefore, there is high demand for compressor wheels from countries in the Asia-Pacific region.
Global Compressor Wheel Market Report Scope: Inquire before buying

Global Compressor Wheel Market
Global Compressor Wheel Market, by Region

• North America
• Europe
• South America
• MEA
• Asia Pacific
Global Compressor Wheel Market Key Players

• ABI Showatech Private Ltd.
• BOOSTER Precision Components
• BorgWarner Inc.
• Changzhou E & E Turbo Power Co., Ltd.
• Doncasters Group Ltd
• E&E Turbo
• GARRETT MOTION INC.
• Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd.
• Melett North America Inc. (Melett Ltd.)
• Nelcon Motor Company
• Owen Developments
• Pacifica Power Sdn Bhd.
• PHESSIO TURBO
• Turbo Systems
• Turbo tech Precision Products Ltd
• UACJ Corporation
• UNI-POL CHINA
• Wabtec Corporation

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