Turbo Expander Market |with Key-Players Strategies | and Industry Updates with Forecast

SDKI Inc. published a new research report on "Turbo Expander Market-Global Forecast 2023" on April 20, 2021. The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2018-2023 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-109874

The turbo expander market is estimated to grow from US $ 290.6 million in 2018 to US $ 390.8 million by 2023, with a CAGR of 6.61% during the forecast period. This growth may be due to an increase in the proportion of natural gas in primary energy consumption and increased attention to energy efficiency.

Natural gas is an important fuel in the electricity and industrial sectors because of its fuel efficiency . Therefore, increased natural gas production is creating demand for turbo expanders for hydrocarbon applications. However, the high initial costs associated with small installations can hinder the growth of this market.

Market Segments
The turbo expander market is divided by loading device (compressor, generator, oil break), application (air separation, hydrocarbon), end user (manufacturing, oil and gas, power generation) and region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period. The hydrocarbon segment is expected to dominate the turbo expander market (by value) between 2018-2023.

Based on the application, the hydrocarbon segment holds the largest share of the turbo expander market in 2017 and is estimated to hold the largest share (in value) during the forecast period. Hydrocarbon applications include petroleum gas liquefaction, natural gas liquefaction, dew point control, FPSO LNG, regasification, and nitrogen removal. Increased natural gas production from major oil and gas economies such as North America and the Middle East is expected to drive the hydrocarbon turbo expander market during the forecast period.

Report sample URL
https://www.sdki.jp/sample-request-109874

Regional Overview
In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. China occupied the largest share of the turbo expander market in the Asia Pacific region in 2017. Countries such as China and India are driving the turbo expander market in the Asia Pacific region. These countries are focusing on increasing natural gas production and are investing in refineries. With increasing demand for turbo expanders in China, the level of natural gas production and consumption is expected to rise.

For more detailed analysis, each region is further divided into countries:
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific)
- North America (US and Canada)
- Middle East and Africa (Israel, GCC [Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa)
- Latin America (Brazil, Mexico, Argentina, and other Latin America)
- Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe)

Detailed contents of the survey report
https://www.sdki.jp/reports/turboexpander-market/109874

Key Players on the Market Key players
on the turbo expander market include Atlas Copco (Sweden), BHGE (USA), Cryostar (France), Air Products and Chemicals (USA), and LA Turbine (USA). The survey includes a detailed competitive analysis of these major companies in the turbo expander market, corporate profiles, recent developments, and key market strategies.

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Hina Miyazu
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+ 81345720790
sales@sdki.jp

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.