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. We expect the industry to produce more than 200 million new turbo-equipped vehicles during the next five years, driving continued demand for well-designed, boosted engines that reduce fuel consumption and improve vehicle performance.

—Honeywell Transportation Systems president and CEO Terrence Hahn

IHS Automotive Senior Director for Long Range Planning Philip Gott, who has been tracking the automotive industry and the technologies automakers are using around the world to help improve performance, noted that:.

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. Because they are compatible with virtually all engine technologies, they represent a global growth opportunity, making substantial gains even in the limited-growth markets of the US, Japan and Europe.

Regional growth projections. Source: Honeywell Turbo. Click to enlarge.

Among the projections from Honeywell Turbo’s latest forecast are:

• China leading global turbo growth: The world’s fastest-growing automotive market is expected to increase turbo penetration from 23% in 2014 to 41% in 2019, thereby doubling the number of turbocharged vehicles sold each year to more than 13 million.

• US adding turbos at double-digit rate: As the second-fastest-growing global market, North America’s turbo market will grow by 14% per year in the next five years to more than 8 million total turbocharged vehicles by 2019, equating to 38% of the market.

• Europe adding gasoline turbos to world’s largest turbodiesel fleet: Turbo penetration in Europe is already the highest globally and will grow 2% by 2019 from 67% to 69% with an expected 16 million total turbocharged vehicles sold each year.

• Turbo mix in India to shift toward more gasoline applications: Honeywell projects turbo penetration to increase 2%, from 46% in 2014 to 48% in 2019, with the total number of turbocharged vehicles sold each year approaching 3 million units.

• Japan adding turbos despite expected decline in overall sales: Honeywell projects turbo penetration will increase by 5% from 18% in 2014 to 23%, reflecting annual sales of 1.3 million turbocharged vehicles by 2019.

• Korea turbo penetration outpacing production: Honeywell projects turbo penetration to increase by 3% from 42% in 2014 to 45%, reflecting annual sales approaching 1 million turbocharged vehicles in 2019.

• South America adding turbo technologies to mix: Honeywell projects turbo penetration to increase by 7% from 17% in 2014 to 24%, reflecting annual sales approaching 2 million turbocharged vehicles in 2019.

The Honeywell Global Turbo Forecast is a proprietary analysis and estimate of automotive industry trends and is based on comprehensive data received from global vehicle-makers, third-party analysts and industry experts.

Global regulatory standards have automotive manufacturers leveraging the performance and efficiency of turbocharged engines to provide an improved driver experience and achieve industry environmental requirements. Europe, China and the United States are all facing more stringent regulations in the years ahead, beginning with Europe’s Euro 6 standard affecting new vehicle production starting January 2015.

High-growth regions, including China, Brazil, Russia and India, are contributing to the adoption of turbo as the emerging middle class in these regions takes advantage of the technology’s greater reliability, performance and fuel efficiency. Regulations and emerging regions will fuel turbo growth worldwide.

Honeywell continues to play a key role in the global adoption of turbo technology and each year launches an average of 100 new turbo applications. Honeywell has more than 500 programs in its product development pipeline and works with nearly every major global manufacturer. Its advanced turbo technologies cover the broadest range of engine applications, from micro-cars and light automobiles to construction vehicles and the racing circuit.