Market Overview:
The global axial turbo expander market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for air separation, liquefied natural gas (LNG), petrochemical processing, waste heat or other power recovery, and others applications across the globe. In addition, growing investments in oil & gas and power industries are also propelling the growth of the global axial turbo expander market. Based on type, the global axial turbo expander market is segmented into loading device and bearings. The loading device segment is further sub-segmented into inlet guide vanes (IGVs), nozzles & diffusers, rotor blades & hubs, and others segments. The bearings segment is further sub-segmented into radial bearings and thrust bearings segments. Based on application, the global axial turbo expander market is divided into air separation, liquefied natural gas (LNG), petrochemical processing,, waste heat or other power recovery,, compressed air generation,, hydrogen production,, helium production,, nitrogen production., Others applications include carbon dioxide removal,. Among these applications,. Air separation application held a dominant share in 2017and it projected to maintain its dominance throughoutthe forecast period. This can be attributedto increasein demand for oxygen&nitrogenfrom various end-use industries such as metal fabrication,.
Product Definition:
Axial Turbo Expander is a type of turbo expander in which the gas flow is parallel to the axis of rotation. It has two main applications: as a power take-off for driving other devices, and as an energy recovery device in conjunction with a gas turbine engine. The axial turbo expander offers high efficiency and excellent controllability, making it ideal for these applications.
Loading Device:
The loading device is a small machine that helps in applying the brakes during the initial part of the stroke. It does this by transferring force from one or more stationary arms to a caliper mounted on an axle, which then applies pressure to the rotor. The braking effect is proportional to how much force is applied and varies according to vehicle speed and load position (unloaded or loaded).
Bearings:
Bearing is a cylindrical part that rotates on an axis. The main function of bearings is to allow smooth movement of rotating parts without any friction or wear and tear. There are different types of bearings such as rolling, thrust, ball, hybrid and others which are used in various applications depending upon the requirements.
The bearing’s market can be segmented based on application into aerospace & defense, automotive & transportation and industrial machinery among others.
Application Insights:
The other applications include food and beverage processing, metal treatment, cement production, chemical processing and others. The use of axial turbo expander for air separation is expected to be the fastest-growing application segment over the forecast period owing to increasing demand for natural gas as a fuel in power generation plants.
Petrochemical Processing is also anticipated to witness significant growth over the forecast period due to rising demand from various end-use industries such as lubricants and oils manufacturing. In addition, growing investments in developing countries are expected drive industry expansion during the study period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand from end-user industries. The growth can be attributed to rising investments in LNG, petrochemical, and other sectors. For instance, in September 2017, Hyundai Heavy Industries announced its plan for expanding its automotive manufacturing plant in Ulsan by investing around USD X billion over a span of five years. The expansion aims at catering to growing demand for Hyundai cars across South Korea and Southeast Asia.
North America accounted for a significant share of global revenue due as they are major oil & gas producing countries such as Canada.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization
- Rising concerns over environmental pollution and climate change
- Development of new applications for axial turbo expanders in various industries
- Technological advancements that improve the efficiency and performance of axial turbo expanders
- Growing popularity of cogeneration systems that use axial turbo expanders
Scope Of The Report
Report Attributes
Report Details
Report Title
Axial Turbo Expander Market Research Report
By Type
Loading Device, Bearings
By Application
Air Separation, Liquefied Natural Gas (Lng), Petrochemical Processing, Waste Heat or Other Power Recovery, Others
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Axial Turbo Expander Market Report Segments:
The global Axial Turbo Expander market is segmented on the basis of:
Types
Loading Device, Bearings
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Air Separation, Liquefied Natural Gas (Lng), Petrochemical Processing, Waste Heat or Other Power Recovery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Axial Turbo Expander Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Loading Device
- Bearings
- By Application:
- Air Separation
- Liquefied Natural Gas (Lng)
- Petrochemical Processing
- Waste Heat or Other Power Recovery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Axial Turbo Expander Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Axial Turbo Expander is a type of turbocharger that uses air to increase the power and efficiency of an engine. It is often used in high-performance applications, such as sports cars and race cars.
Some of the key players operating in the axial turbo expander market are 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.
The axial turbo expander market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Axial Turbo Expander Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Axial Turbo Expander Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Axial Turbo Expander Market - Supply Chain
4.5. Global Axial Turbo Expander Market Forecast
4.5.1. Axial Turbo Expander Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Axial Turbo Expander Market Size (000 Units) and Y-o-Y Growth
4.5.3. Axial Turbo Expander Market Absolute $ Opportunity
5. Global Axial Turbo Expander Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Axial Turbo Expander Market Size and Volume Forecast by Type
5.3.1. Loading Device
5.3.2. Bearings
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Axial Turbo Expander Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Axial Turbo Expander Market Size and Volume Forecast by Application
6.3.1. Air Separation
6.3.2. Liquefied Natural Gas (Lng)
6.3.3. Petrochemical Processing
6.3.4. Waste Heat or Other Power Recovery
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Axial Turbo Expander Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Axial Turbo Expander Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Axial Turbo Expander Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Axial Turbo Expander Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Axial Turbo Expander Demand Share Forecast, 2019-2029
9. North America Axial Turbo Expander Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Axial Turbo Expander Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Axial Turbo Expander Market Size and Volume Forecast by Application
9.4.1. Air Separation
9.4.2. Liquefied Natural Gas (Lng)
9.4.3. Petrochemical Processing
9.4.4. Waste Heat or Other Power Recovery
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Axial Turbo Expander Market Size and Volume Forecast by Type
9.7.1. Loading Device
9.7.2. Bearings
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Axial Turbo Expander Demand Share Forecast, 2019-2029
10. Latin America Axial Turbo Expander Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Axial Turbo Expander Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Axial Turbo Expander Market Size and Volume Forecast by Application
10.4.1. Air Separation
10.4.2. Liquefied Natural Gas (Lng)
10.4.3. Petrochemical Processing
10.4.4. Waste Heat or Other Power Recovery
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Axial Turbo Expander Market Size and Volume Forecast by Type
10.7.1. Loading Device
10.7.2. Bearings
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Axial Turbo Expander Demand Share Forecast, 2019-2029
11. Europe Axial Turbo Expander Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Axial Turbo Expander Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Axial Turbo Expander Market Size and Volume Forecast by Application
11.4.1. Air Separation
11.4.2. Liquefied Natural Gas (Lng)
11.4.3. Petrochemical Processing
11.4.4. Waste Heat or Other Power Recovery
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Axial Turbo Expander Market Size and Volume Forecast by Type
11.7.1. Loading Device
11.7.2. Bearings
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Axial Turbo Expander Demand Share, 2019-2029
12. Asia Pacific Axial Turbo Expander Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Axial Turbo Expander Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Axial Turbo Expander Market Size and Volume Forecast by Application
12.4.1. Air Separation
12.4.2. Liquefied Natural Gas (Lng)
12.4.3. Petrochemical Processing
12.4.4. Waste Heat or Other Power Recovery
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Axial Turbo Expander Market Size and Volume Forecast by Type
12.7.1. Loading Device
12.7.2. Bearings
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Axial Turbo Expander Demand Share, 2019-2029
13. Middle East & Africa Axial Turbo Expander Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Axial Turbo Expander Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Axial Turbo Expander Market Size and Volume Forecast by Application
13.4.1. Air Separation
13.4.2. Liquefied Natural Gas (Lng)
13.4.3. Petrochemical Processing
13.4.4. Waste Heat or Other Power Recovery
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Axial Turbo Expander Market Size and Volume Forecast by Type
13.7.1. Loading Device
13.7.2. Bearings
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Axial Turbo Expander Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Axial Turbo Expander Market: Market Share Analysis
14.2. Axial Turbo Expander Distributors and Customers
14.3. Axial Turbo Expander Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cryostar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Atlas Copco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE Oil & Gas
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Air Products
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ACD
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. L.A. Turbine
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Turbogaz
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Samsung
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. RMG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hangyang Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SASPG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. HNEC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Suzhou Xida
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Beifang Asp
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jianyang Ruite
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Huayu
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
