Business
Honeywell Turbo Technologies reported $3.2 billion in revenue in 2011 with a $500 million growth in the Honeywell Transportation Systems division, which Honeywell attributes largely to growth in turbocharger sales. Almost half of the Transportation Systems group’s sales are in Europe, where 50 percent of vehicles are turbo diesel and 27 percent are gasoline boosted.
Automobiles manufactured in the US have the lowest rate of turbocharger installations among industrialized nations. Honeywell projects the number of passenger vehicles with turbocharged engines in the US to double to 23 percent by 2016 and rise to 80 percent by 2025. Honeywell projects 30% of its turbocharger growth will come from gasoline engines. So long as oil prices don’t stress the economy, Honeywell believes increasing oil prices, tighter government emission targets and public priorities on fuel efficiency generally contribute to revenue growth for Honeywell.
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