How Are Vehicle Emission Norms Supporting Automotive Turbocharger Sales?
The government of India has implemented Bharat Stage VI (BS-VI) norms in April 2020. According to BS-VI norms, petrol vehicles have to reduce NOx emissions by 25%, whereas, diesel engines have to decrease their NOx emissions by 68%, PM levels by 82%, and HC + NOx by 43%. As other countries are drafting their vehicle emission norms on the pattern of EU 6 regulations, the CLOVE consortium proposed the Euro 7/Euro VII norms in April 2021.
To achieve the targets of several emission norms, automobile component manufacturers such as Continental AG, Turbo Energy Pvt. Ltd., The Turbo Engineers GmbH, Honeywell International Inc., IHI Corp., Magnum Performance Turbos Inc., BorgWarner, Cummins Inc., and Mitsubishi Heavy Industries Ltd. are producing turbochargers for two-wheelers, passenger cars, and commercial vehicles. Turbochargers used in such vehicles are based on electric, wastegate, and variable geometry turbocharging (VGT) technologies. The surging sales of automobiles across the world, owing to the rising disposable income of the people, will augment the need for these components in the coming years.
According to P&S Intelligence, the Asia-Pacific (APAC) region is expected to hold the largest share in the automotive turbocharger market in the foreseeable future. This can be primarily owed to the surging adoption of vehicles with compact engine size and increasing implementation of stringent vehicle emission norms in the region. Moreover, the mounting purchasing power of customers in emerging economies, such as India and China will also augment the integration of turbochargers in vehicles in the coming years.
High volume adoption of turbochargers by the automotive industry in APAC can also be attributed to the largescale production of automobiles in countries such as China and India. For instance, according to the Society of Indian Automobile Manufacturers (SIAM), India produced 3,062,221 passenger vehicles, 624,939 commercial vehicles, and 18,349,941 two-wheelers during the financial year 2020–2021. Moreover, the China Association of Automobile Manufacturers (CIAAM) states that China produced 1,617,000 passenger cars and 424,000 commercial vehicles in May 2021.
Thus, the increasing focus on implementing vehicle emission norms, primarily on account of the soaring requirement for reducing air pollution levels, will propel the adoption of turbochargers in vehicles in the coming years.
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