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Sep 27, 2023

Industrial Turbocharger Market to grow by USD 1.07 billion during 2022

News provided by 18 Sep, 2023, 06:35 ET Share this article NEW YORK, Sept. 18, 2023 /PRNewswire/ -- The industrial turbocharger market size is expected to grow by USD 1.07 billion between 2022 and

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18 Sep, 2023, 06:35 ET

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NEW YORK, Sept. 18, 2023 /PRNewswire/ -- The industrial turbocharger market size is expected to grow by USD 1.07 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 4.66% during the forecast period. The market is segmented by End-user (Mining and construction equipment, Agriculture equipment, Oil and Gas Industry, Power Industry, and Marine Industry), Distribution Channel (OEM and Aftermarket), and Geography (APAC, North America, Europe, Middle East and Africa, and South America). Stringent emission regulations drive the industrial turbocharger market. Various cities worldwide are complying with stringent emissions regulations. These regulations are set by regulatory bodies for the protection of the environment human health and judicious usage of resources. Furthermore, industrial turbochargers redirect toxic gases via exhaust gas for further combustion, which improves energy efficiency and helps to reduce emissions. This helps end-users to comply with stringent regulations and will increase the adoption of industrial turbochargers. Hence, such factors drive the growth of the industrial turbocharger market during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View a FREE PDF Sample

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Drivers, Challenges, & Trends

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ContactsTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

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