Asia Pacific Marine Turbocharges Market Size & Outlook
The marine turbocharges market in Asia Pacific is expected to reach a projected revenue of US$ 386.6 million by 2030. A compound annual growth rate of 7.5% is expected of Asia Pacific marine turbocharges market from 2024 to 2030.
Revenue, 2023 (US$M)
$226.2
Forecast, 2030 (US$M)
$386.6
CAGR, 2024 - 2030
7.5%
Report Coverage
Asia Pacific
Asia Pacific marine turbocharges market highlights
- The Asia Pacific marine turbocharges market generated a revenue of USD 226.2 million in 2023.
- The market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, axial turbocharger was the largest revenue generating type in 2023.
- Axial Turbocharger is the most lucrative type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 226.2 million |
| Market revenue in 2030 | USD 386.6 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Axial turbocharger |
| Fastest growing segment | Axial Turbocharger |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Axial Turbocharger |
| Key market players worldwide | ABB Ltd, Mitsubishi Heavy Industries Ltd, Cummins Inc, Rolls-Royce Holdings PLC, Wabtec, PBST, Hedemora Turbo & Diesel |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.3% of the global marine turbocharges market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 386.6 million by 2030.
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Marine Turbocharges Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hedemora Turbo & Diesel | View profile | 11-50 | Hedemora, Dalarnas Lan, Sweden, Europe | https://www.hedemoratd.com |
| PBST | View profile | 501-1000 | Augsburg, Bayern, Germany, Europe | https://www.pbst.eu |
| Wabtec | View profile | 10001+ | Pittsburgh, Pennsylvania, United States, North America | https://www.wabteccorp.com/ |
| Rolls-Royce Holdings PLC | View profile | 41810 | 90 York Way, Kings Place, London, United Kingdom, N1 9FX | https://www.rolls-royce.com |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
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