Press release
Turboexpander Market Volume In-Depth Qualitative Insights, Forecast And Global Industry Analysis -2023
North America holds the largest market share whereas Asia-Pacific is the fastest growing region.
North America dominates the global turboexpanders market and is expected to dominate during the forecast period as it is the largest producer and consumer of natural gas products. The US has the highest consumption of natural gases and has the largest market share of the turboexpander market. The region has a growing demand for turboexpanders with innovative technology for further improving efficiency of machinery.
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Asia-Pacific is estimated to showcase phenomenal growth for the turboexpander market during the forecast period due to the growing demand for natural gas and efficient manufacturing processes. China, India, and Australia are estimated to be the major countries for the growth of turboexpanders market. China and India have become pollution hubs and their governments are considering the reduction of emissions by making natural gas a primary fuel. This majorly drives the turboexpander market in the region.
Key Players
The key players of the global turboexpanders market are Atlas Corpo (Sweden), Baker Huges a GE company (US), Cyrostar (France), Air Products & Chemicals.Inc (US), L.A. Turbine (US), Honeywell (US), Man Energy Solutions (Germany), Siemens (Germany), ACD LLC (Switzerland), Elliot Group (US), R&D Dynamics Corporation (US), and Turbogaz (Ukraine).
Scope of the Report
This report provides an in-depth analysis of the global turboexpanders market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the turboexpanders market by its loading device, application type, end-user type and by region.
By Loading Device
Generator
Compressor
Oil Break
By Application
Hydrocarbon
Air Separation
Energy Generation from Waste
Others
By End-Use
Manufacturing
Power Generation
Oil& Gas
By Regions
North America
Asia Pacific
Europe
Rest of the World
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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