North America Marine Turbocharges Market Size & Outlook
The marine turbocharges market in North America is expected to reach a projected revenue of US$ 355.0 million by 2030. A compound annual growth rate of 3.6% is expected of North America marine turbocharges market from 2024 to 2030.
Revenue, 2023 (US$M)
$276.4
Forecast, 2030 (US$M)
$355.0
CAGR, 2024 - 2030
3.6%
Report Coverage
North America
North America marine turbocharges market, 2018-2030 (US$M)
North America marine turbocharges market highlights
- The North America marine turbocharges market generated a revenue of USD 276.4 million in 2023.
- The market is expected to grow at a CAGR of 3.6% 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.
North America data book summary
| Market revenue in 2023 | USD 276.4 million |
| Market revenue in 2030 | USD 355.0 million |
| Growth rate | 3.6% (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, North America region accounted for 33.3% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Marine Turbocharges Market Scope
Marine turbocharges market segmentation & scope
Technology
Single Turbocharger
Twin Turbocharger
Variable Geometry Turbocharger (VGT)
Electric Assisted Turbocharger
Application
Military
Cargo Ships
Cruise Ships
Tankers
Others
Countries
Argentina
Brazil
Denmark
Germany
France
Italy
Norway
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand
Marine Turbocharges Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
