Press release
Turbo Expander Market to Witness Robust Expansion by 2023
Turbo expander is a machine, which continuously converts kinetic energy into mechanical energy. This is done by expanding the high pressure gas from upstream to a lower pressure downstream through the Expander. The high pressure gas causes the radial expander to rotate. Rotation is transmitted to the shaft, which is supported by a set of bearings. The power transmitted to the shaft can be used to drive a compressor, drive an electrical generator or can be dissipated through an oil brake or air brake. Turbo Expander is also referred to as a turbo-expander or an expansion turbine, is a centrifugal or axial flow turbine through which a high pressure gas is expanded to produce work that is often used to drive a compressor.
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Global Turbo Expander Market: Forecast by Type / Application / Region
The global turbo expander industry mainly concentrates in China, Europe and North America. The global leading players in this market are Cryostar, Atlas Copco and GE oil &gas, which accounts for 34.97% of total consumption value. In China the market leaders are Hangyang Group, SASPG and HNEC.
Although sales of turbo expander products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the turbo expander field hastily.
Over the next five years, LPI(LP Information) projects that Turbo Expander will register a 2.9% CAGR in terms of revenue, reach US$ 620 million by 2023, from US$ 520 million in 2017.
Global Turbo Expander Market: Key Players
Cryostar
Atlas Copco
GE oil &gas
Air Products
ACD
L.A. Turbine
Turbogaz
Samsung
RMG
Hangyang Group
SASPG
HNEC
Suzhou Xida
Beifang Asp
Jianyang Ruite
Huayu
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Related Information:
United States Turbo Expander Market Research Report 2018
Europe Turbo Expander Market Research Report 2018
North America Turbo Expander Market Research Report 2018
Asia-Pacific Turbo Expander Market Research Report 2018
China Turbo Expander Market Research Report 2018
EMEA Turbo Expander Market Research Report 2018
Global Turbo Expander Market Research Report 2018
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