Market Overview:
The global expander market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for gas-based power generation and rising investments in the oil & gas sector. Piston expanders are expected to hold the largest share of the global expander market in 2018, followed by turbo expanders. Air separation, liquefied natural gas (LNG), petrochemical processing, waste heat or other power recovery, and others are the major applications of expanders. North America is expected to be the largest regional market for expanders during the forecast period followed by Europe and Asia Pacific.
Product Definition:
An expander is a tool used to increase the size of an opening. It is inserted into the opening and then turned to expand it. This can be used to make it easier to insert something, such as a pipe, or to enlarge an opening that is too small.
Piston Expander:
Piston Expander is a device that increases the distance between two pistons by contracting the area in which they move. It does this by expanding or retracting its parts, i.e., one or more piston(s). The basic function of a piston expander is to allow gases to expand without their temperature increasing beyond a certain point. In other words, it helps control and regulate pressure in an engine; thus ensuring that all components work as intended.
Turbo Expander:
Turbo expander is a device used in expanding the volume of air or gas by increasing its speed. It is mainly used for vacuum pumps, compressed air systems, and industrial gases. The turbo expander works on the principle of adiabatic expansion where heat generated from an initial temperature difference drives the gas to expand at a faster rate.
Application Insights:
The expansion of petrochemical plants is anticipated to drive the global expander market over the forecast period. The growing need to separate oil and gas compounds from their natural gas counterparts for refining into value-added products is expected to be a key factor driving product demand in this segment.
Petroleum processing accounted for a significant share in 2016 owing to increasing crude oil production across the globe. Petrochemical processing includes processes such as distillation, rectification, catalytic reforming and hydrocracking which involve high pressure and temperature operations on petroleum refinery feedstock materials. These units operate at maximum capacities during peak hours when power prices are highest due to excess capacity utilization rates coupled with economies of scale benefits offered by large size units.
Regional Analysis:
Asia Pacific dominated the global expander market in 2017 and is expected to continue its dominance over the forecast period. The presence of emerging economies such as China, India, and Japan has resulted in an increased demand for expansion devices. In addition, increasing industrialization coupled with rapid urbanization has also led to a significant increase in construction activities across these countries which will further drive product demand.
The Middle East & Africa region is anticipated to witness substantial growth over the forecast period owing to rising oil production capacities across major economies including Saudi Arabia and UAE. In addition, growing petrochemical industries are also likely to benefit industry growth over the next eight years.
Growth Factors:
- Increasing demand for energy efficient and compact vehicles
- Rising disposable income of consumers in developing countries
- Proliferation of start-ups and technological advancements in the electric vehicle industry
- Stringent government regulations on emissions and fuel economy standards
- Growing popularity of shared mobility services
Scope Of The Report
Report Attributes
Report Details
Report Title
Expander Market Research Report
By Type
Piston Expander, Turbo Expander
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, Opcon AB, ACD, L.A. Turbine, Turbogaz, Samsung, RMG, Kaishan, 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Expander Market Report Segments:
The global Expander market is segmented on the basis of:
Types
Piston Expander, Turbo Expander
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
- Opcon AB
- ACD
- L.A. Turbine
- Turbogaz
- Samsung
- RMG
- Kaishan
- Hangyang Group
- SASPG
- HNEC
- Suzhou Xida
- Beifang Asp
- Jianyang Ruite
- Huayu
Highlights of The 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:
- Piston Expander
- Turbo Expander
- 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 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
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?
Expander is a Chrome extension that expands text on webpages. It can be used to read long articles, search for specific terms, and more.
Some of the major companies in the expander market are Cryostar, Atlas Copco, GE oil &gas, Air Products, Opcon AB, ACD, L.A. Turbine, Turbogaz, Samsung, RMG, Kaishan, Hangyang Group, SASPG, HNEC, Suzhou Xida, Beifang Asp, Jianyang Ruite, Huayu.
The expander market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. Expander Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Expander Market - Supply Chain
4.5. Global Expander Market Forecast
4.5.1. Expander Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Expander Market Size (000 Units) and Y-o-Y Growth
4.5.3. Expander Market Absolute $ Opportunity
5. Global 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. Expander Market Size and Volume Forecast by Type
5.3.1. Piston Expander
5.3.2. Turbo Expander
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 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. 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 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. 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 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. 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 Expander Demand Share Forecast, 2019-2026
9. North America 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 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 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 Expander Market Size and Volume Forecast by Type
9.7.1. Piston Expander
9.7.2. Turbo Expander
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 Expander Demand Share Forecast, 2019-2026
10. Latin America 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 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 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 Expander Market Size and Volume Forecast by Type
10.7.1. Piston Expander
10.7.2. Turbo Expander
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 Expander Demand Share Forecast, 2019-2026
11. Europe 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 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 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 Expander Market Size and Volume Forecast by Type
11.7.1. Piston Expander
11.7.2. Turbo Expander
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 Expander Demand Share, 2019-2026
12. Asia Pacific 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 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 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 Expander Market Size and Volume Forecast by Type
12.7.1. Piston Expander
12.7.2. Turbo Expander
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 Expander Demand Share, 2019-2026
13. Middle East & Africa 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 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 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 Expander Market Size and Volume Forecast by Type
13.7.1. Piston Expander
13.7.2. Turbo Expander
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 Expander Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Expander Market: Market Share Analysis
14.2. Expander Distributors and Customers
14.3. 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. Opcon AB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ACD
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. L.A. Turbine
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Turbogaz
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Samsung
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. RMG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kaishan
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hangyang Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SASPG
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. HNEC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Suzhou Xida
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Beifang Asp
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Jianyang Ruite
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Huayu
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
