Honeywell Transportation Systems expects a major increase in the demand for eco-friendly turbocharger engines in Europe considering that its clients such as Renault SA, Volkswagen AG, and Ford Motor Co., will have to comply with tougher regulations on emissions, the company’s chief executive officer Alex Ismail said in an interview with Automotive News Europe. Specifically, the turbo penetration for light cars and truck is predicted to increase from 65% to 69%.
A Honeywell data reveals that around 14.9 million cars in Europe are expected to have turbochargers this year, an increase from 13.9 million last year, with the forecast of a 3% increase in the 2011 production of Europe trucks and cars taken into consideration.
Honeywell saw 22 million units sold at its global turbocharger industry last year, and Ismail estimates that it will grow 10% each year until 2015, reaching 35 million units by that time.
According to market researchers from Roland Berger consulting company, the demand for turbos in light vehicles on the global scale is expected to rise from 20 million units this year to 33 million units in 2015, while an increase from 11.3 million units this year to 15.8 million units in 2015 is expected in the European market.
Honeywell discloses that light vehicles comprise 70% of its turbo business, while construction equipment and heavy trucks comprise the rest.