Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Axial Turbo Expander Market by Type (Loading Device, Bearings), By Application (Air Separation, Liquefied Natural Gas (Lng), Petrochemical Processing, Waste Heat or Other Power Recovery, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Axial Turbo Expander Market by Type (Loading Device, Bearings), By Application (Air Separation, Liquefied Natural Gas (Lng), Petrochemical Processing, Waste Heat or Other Power Recovery, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131419 3300 Machinery & Equipment 377 238 Pages 4.6 (30)
                                          

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,.


Global Axial Turbo Expander Industry Outlook


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:

  1. Cryostar
  2. Atlas Copco
  3. GE Oil & Gas
  4. Air Products
  5. ACD
  6. L.A. Turbine
  7. Turbogaz
  8. Samsung
  9. RMG
  10. Hangyang Group
  11. SASPG
  12. HNEC
  13. Suzhou Xida
  14. Beifang Asp
  15. Jianyang Ruite
  16. Huayu

Global Axial Turbo Expander Market Overview


Highlights of The Axial Turbo Expander Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Loading Device
    2. Bearings
  1. By Application:

    1. Air Separation
    2. Liquefied Natural Gas (Lng)
    3. Petrochemical Processing
    4. Waste Heat or Other Power Recovery
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Axial Turbo Expander Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
                                            
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

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