Compressor Wheel Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Semiconductor & Electronics Report Format : PDF Report Code: ZMR-5556 Status : Upcoming

Description

Global Compressor Wheel Market: Overview

A compressor wheel is an important part of a turbocharger, utilized to increase the ingestion of air pressure related to the internal combustion engines. Conventional compressor wheels are made from aluminum because it offers lower density. Additionally, it is three times lighter than steel. The procedure to manufacture compressor wheels is uncomplicated and economical with the utilization of aluminum. Appropriate solution and heat treatments are necessary in post-production procedure for making the wheel stronger and more durable. 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, superback, deep superback, and expanded tip deep superback.

Additionally, in the recent past, more quantities of turbochargers are rotating quicker than they have ever been before, with higher pressure volumes. Hence, if weaker materials are used in the manufacturing process of a compressor wheel, then because of higher rotating velocity, the blades made from weaker metal will start bending backwards. Therefore, sturdier materials need to be used in the manufacturing of compressed wheels as they can endure higher pressures due to their strength.

Global Compressor Wheel Market: Growth Factors

The global compressor wheel market is anticipated to develop drastically over the upcoming timeframe, due to the surging requirements of turbochargers over various industries globally. The advancements in oil & gas refinery industry, rising amount of wastewater & water treatment plants, and an increase in the trade of Liquid Natural Gas (LNG) have stimulated the quantities of turbo compressors required globally, across numerous end-use industries. Enhanced turbochargers that are recently designed rotate at a higher rate, leading to substantial advancement in compressor wheel designs to meet the requirements of the customers as well as the changing state of turbochargers. Thus, there is a higher requirement of highly efficient turbochargers, which will in turn positively impact the growth of the global compressor wheel market in the forthcoming times.

Numerous manufacturers are focusing on the development of compact and lighter compressor wheels, which are witnessing a high demand across the automotive applications. For example, the Germany-based automobile giant Audi announced the introduction of the latest version of its luxury car SQ5 TDI diesel version, which features a turbocharger with a considerably smaller and lighter compressor wheel. The new compressor wheel is responsible for the engine’s exceptional speed and high torque. Thus, as leading automobile manufacturers such as Toyota, Audi, Ford, and Mercedes exhibit an increased demand for compact and higher efficiency compressor wheels, the global compressor wheel market is expected to soar upward.

Global Compressor Wheel Market: Segmentation

The global compressor wheel market is segmented based on type, diameter, and region. By type, the market has been segregated as titanium compressor wheel, twin blade compressor wheel, aluminum compressor wheel, and stainless steel compressor wheel. On the basis of the diameter, the market can be bifurcated into 20 mm – 40 mm, 40 mm – 60 mm, and ≥ 60 mm.

Global Compressor Wheel Market: Regional Analysis

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 the technological advancement, completely mechanized industrial sector, and the existence of giant manufacturers in this region. These factors are likely to propel the global compressor wheel market over the forthcoming times.

On the other hand, Asia Pacific is predicted to drastically develop in the forthcoming times. This is attributable to the advancing automotive market in Asia Pacific countries such as India and China, which in turn has caused more requirements of compressor wheels in the region. Increased industrialization in these developing economies is the primary factor steering the growth of the regional compressor wheel market. Factors such as surging income levels of people, higher standard of living, increasing urban population, along with the ability to buy engine-powered machines, result into an increased requirement for compressor wheels which are extensively used in modern-day machines such as automobiles.

Global Compressor Wheel Market: Competitive Players

Some of the key companies competing in the global compressor wheel market are UACJ Corporation, Melett Ltd., Wabtec Corporation, E&E Turbo, Jiangyin Uni-Pol, Nelcon Motor Company, and ABI Showatech Private Limited.

Global Compressor Wheel Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content


Frequently Asked Questions

The global compressor wheel market is anticipated to develop drastically over the upcoming timeframe, due to the surging requirements of turbochargers over various industries globally. Numerous manufacturers are focusing on the development of compact and lighter compressor wheels, which are witnessing a high demand across the automotive applications further fueling the growth of the market.

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 the technological advancement, completely mechanized industrial sector, and the existence of giant manufacturers in this region. These factors are likely to propel the global compressor wheel market over the forthcoming times.

Some of the key companies competing in the global compressor wheel market are UACJ Corporation, Melett Ltd., Wabtec Corporation, E&E Turbo, Jiangyin Uni-Pol, Nelcon Motor Company, and ABI Showatech Private Limited.

 

Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

We Accept

We have secured system to process your transaction.


We Are On Social