Automotive Electric Turbocharger Market Expected with Huge Growth and Growth Prediction 2020

The Global Automotive Electric Turbocharger Market Size is projected to reach USD 0.11 billion by the end of 2027. The rising emphasis on the adoption of electric vehicles due to increasing carbon emissions across the world will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Automotive Electric Turbocharger Market Size, Share & Industry Analysis, By Fuel Type (Gasoline and Diesel) and By Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle) and Regional Forecasts, 2019-2027,” the market was worth USD 0.13 billion in 2019 and will exhibit a CAGR of 14% during the forecast period, 2019-2027.
List of companies profiled in the report:
Covid-19 Impact to Have a Negative Impact on Automotive Sales
The recent coronavirus outbreak has had a negative impact on several businesses across the world. Due to lockdowns and social distance practices, businesses have been forced to shut down manufacturing units. The Covid-19 pandemic will continue to affect the overall automotive electric turbocharger market in the coming years in a negative manner.
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 Industry Developments:
January 2020: BorgWarner announced that it has completed the acquisition of Delphi Technologies in All-Stock Transaction. The contract is estimated to be worth approximately $3.3 Billion.
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