THE SHOP

Performance & Hotrod Business - January '15

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2 n PRECISION ENGINE n January 2015 PRECISION ENGINE Honeywell Turbo Technologies, a global developer of auto- motive turbochargers, released its Global Turbo Forecast that estimates the industry will generate $12 billion in revenue by equipping 49 million vehicles with turbochargers annually by 2019. The continued growth of turbocharging technologies will be driven by requirements for manufacturers to meet global environmental emissions regulations and bolstered by strong demand in emerging markets, according to a press release. Downsized turbocharged engines are a "no-compromise solution" for automakers seeking to satisfy more stringent global fuel economy and emission regulations and customer demand for better-performing vehicles, the release found. Studies show turbochargers can help downsized engines improve fuel econ- omy as much as 20- to 40-percent in gas and diesel engines, respectively, when compared with larger naturally aspirated engines and still provide the same or better engine performance. In addition to improving fuel efficiency, downsized turbo- charged engines also reduce harmful exhaust emissions. "Continued pressure to improve the driver experience and meet future industry requirements is spurring the positive trend seen in this year's forecast, which include double-digit growth in both North America and China," said Terrence Hahn, Honeywell Transportation Systems president and CEO. "We expect the industry to produce more than 200 million new turbo-equipped vehicles during the next five years, driving con- tinued demand for well-designed, boosted engines that reduce fuel consumption and improve vehicle performance." IHS Automotive Senior Director for Long Range Planning, Philip Gott, has been tracking the automotive industry and the technologies automakers are using around the world to help improve performance. "During the past decade, turbochargers have moved from a niche technology in the high-performance market segment to an integral part of manufacturers' mainstream emission control and fuel economy strategies," he said. "Because they are com- patible with virtually all engine technologies, they represent a global growth opportunity, making substantial gains even in the limited-growth markets of the U.S., Japan and Europe." Projections include: • China leading global turbo growth: The world's fastest-grow- ing automotive market is expected to increase turbo penetra- tion from 23 percent in 2014 to 41 percent in 2019, thereby doubling the number of turbocharged vehicles sold each year to more than 13 million. • U.S. adding turbos at double-digit rate: As the second-fast- est-growing global market, North America's turbo market will grow by 14 percent per year in the next five years to more than 8 million total turbocharged vehicles by 2019, equating to 38 percent of the market. • Europe adding gas turbos to world's largest turbo-diesel fleet: Turbo penetration in Europe is already the highest globally and will grow 2 percent by 2019 from 67 percent to 69 percent, with an expected 16 million total turbocharged vehicles sold each year. • Turbo mix in India to shift toward more gas applications: Honeywell projects turbo penetra- tion to increase 2 percent, from 46 percent in 2014 to 48 percent in 2019, with the total number of tur- bocharged vehicles sold each year approaching 3 million units. • Japan adding turbos despite expected decline in overall sales: Honeywell projects turbo penetra- tion will increase by 5 percent from 18 percent in 2014 to 23 percent, reflecting annual sales of 1.3 mil- lion turbocharged vehicles by 2019. • Korea turbo penetration outpac- ing production: Honeywell projects turbo penetration to increase by 3 percent from 42 percent in 2014 to 45 percent, reflecting annual sales approaching 1 million turbo- charged vehicles in 2019. • South America adding turbo technologies to mix: Honeywell proj- ects turbo penetration to increase by 7 percent from 17 percent in 2014 to 24 percent, reflecting annual sales approaching 2 million turbocharged vehicles in 2019. Turbocharged Vehicle Numbers expecTed To rise

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