Honeywell expects the global turbo segment to double in the next five years, from 17 million new turbo vehicles in 2009 to 35 million in 2015.
That includes a rapid growth in the United States, where turbocharged vehicles are expected to grow from nearly one million (5%) vehicles sold today to more than four million (more than 20%) in five years. In China, turbocharging will grow from approximately 10% today to 20% by 2015. The company also expects the global turbocharged commercial vehicle engine segment to grow rapidly from 3.5 million engines in 2009 to six million engines in 2015.
Honeywell’s data is based on a collaboration of findings from industry analysts, including IHS Global Insight, J.D. Power & Associates, and R.L. Polk & Co., as well as customer forecasts, interviews, and discussions.
Tightening fuel economy and emissions standards worldwide, coupled with consumer demand for affordable, more fuel efficient vehicles, have automakers looking increasingly to turbocharging, which can deliver up to 20% better fuel economy on gas vehicles, and up to 40% better fuel economy on diesel vehicles, with no compromise on performance and at a significant cost discount to hybrid and electric vehicles.
Despite the buzz around hybrid and electric vehicles, it is clear that automakers will be looking primarily at turbocharged engines to help green their fleets and meet the regulatory targets like CAFE in the US. We have witnessed a sharp increase in demand for our turbos on both passenger and commercial vehicles in the US and China, and expect to grow in new sectors like small gas (petrol) engines in Europe, where turbo penetration is already very strong.—Alex Ismail, President and CEO of Honeywell Transportation System
The growth in all regions is primarily driven by increased adoption of smaller, turbocharged gasoline engines. Honeywell will boost the engines of several of the most fuel efficient vehicles in each region including the recently launched 2011 Chevy Cruze in the US, the 2010 Volkswagen Polo in Europe, the BMW X-6 ActiveHybrid, and two new gasoline engine developments in China for GAC-Fiat and JAC. In addition, Ford announced plans last year to offer a turbo-based EcoBoost engine option in 90% of its global nameplates by 2013, and recently launched its 2011 F-Series Super Duty diesel trucks, boosted by Honeywell’s DualBoost turbos on its 6.7 liter Power Stroke engines.