Press release
Turboexpander Market Analysis, Segments, Explosive Growth and Value Chain -2023
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Market Highlights
Turboexpanders sequentially expand and compress gases to extract energy from them. Turboexpanders are also used to extract energy from waste gases in fertilizer plants. Manufacturing of cryogenic liquids is a major application area of turboexpanders, and its use has been growing in the industry and expected to further grow during the forecast period.
Turboexpander market has been segmented on basis of loading device, application, end-use, and region. On the basis of loading device, the market is segmented as oil break, generator, and compressor. Compressor segment is estimated to have the major share of the turboexpander market because of the growing demand for efficient processing of cryogenic liquids. On the basis of application, turboexpander market is segmented into air separation, hydrocarbon, energy harvesting from waste gases and others. Applications in hydrocarbon segment dominates the market as turboexpanders tend to efficiently extract a higher amount of energy content from the fossil fuels. On the basis of end-use, the turboexpander market is segmented as, manufacturing, oil and gas and power generation. Oil and gas segment is estimated to dominate the market during the forecast period as the demand for natural gas products has been increasing worldwide. The global turboexpanders market is expected to expand at ~ 7.23% CAGR during the forecast period.
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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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).
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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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