Market Overview:
The global cryogenic turboexpanders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cryogenic turboexpanders from various end-use industries, such as chemical plants, gas industry, and others. In addition, the growing demand for energy across the globe is also fueling the growth of this market. Based on type, single-shaft turbines are expected to hold a major share of the global cryogenic turboexpanders market during the forecast period. This can be attributed to their high efficiency and low cost as compared to double-shaft turbines.
Product Definition:
Cryogenic Turboexpanders are machines used to expand gas molecules from a low pressure to a high pressure. This is important because it allows the gas to be used in many different ways, such as in refrigeration and air conditioning systems.
Single-shaft Turbins:
Single-shaft turbins are used in cryogenic turboexpanders to increase the flow rate of gases. They are mainly used for gas compression and expansion purposes. The working principle is based on the speed of sound, which is a constant factor that can be taken into consideration while designing any type of turbin or compressor.
Double-shaft Turbins:
Double-shaft turbins are two interdependent turbine blades, mounted side by side and connected by a common shaft. The design offers several advantages such as less weight, low rotational speed, and high flow rate at the expense of increased pressure drop.
Application Insights:
The chemical plants application segment led the global cryogenic turboexpanders market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for chemicals from various end-use industries, including automotive and construction. Cryogenic turboexpander is used for expanding natural gas that contains significant quantities of condensate which can be utilized in different downstream processes such as LPG production or pipeline transportation without additional costs or environmental damages caused by other expansion technologies such as thermal depolymerization and catalytic cracking.
Cryogenics involves the use of low temperatures (below -190°C) to freeze water into liquid nitrogen which is then used in various industrial applications including ice hockey rink resurfacing, crime scene investigation, deep-freeze preservation and space flight training among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market, owing to the presence of a large number of Cryogenic Turbine Expanders (CITE) manufacturers and suppliers in countries such as China, India, Japan and South Korea. The region accounted for over 35% of global Cryogenic Turboexpanders Market share in 2017.
The growth can be attributed to various factors such as increasing demand from end-users along with rising investments by CSP developers for setting up new projects at a domestic level coupled with growing energy demand especially in emerging economies including China and India. In addition, favorable government policies promoting industrial development are anticipated to drive regional product demand over the forecast period.
Europe was estimated at USD X million in 2017 on account of high consumption from several key sectors including chemical industry which has been witnessing significant growth due to technological advancements along with an increase in production volumes across major European countries like Germany.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization in developing countries
- Rising concerns over environmental pollution and climate change, which is driving the adoption of cryogenic turboexpanders for efficient power generation
- Technological advancements that have led to the development of more compact and efficient turboexpanders
- Growing demand from the oil & gas industry for cryogenic turboexpanders used in liquefied natural gas (LNG) production plants
- Increasing use of cryogenic turboexpanders in renewable energy applications such as wind turbines and solar thermal plants
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Turboexpanders Market Research Report
By Type
Single-shaft Turbins, Double-shaft Turbins
By Application
Chemical Plants, Gas Industry, Others
By Companies
PBS Group, Flowserve, LA Turbine, Altas Copco, Cryostar, Cryogenmash, Nikkiso (ACD Cryo), R&D Dynamics, Air Products (Rotoflow), Simms Machinery International
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Turboexpanders Market Report Segments:
The global Cryogenic Turboexpanders market is segmented on the basis of:
Types
Single-shaft Turbins, Double-shaft Turbins
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
Chemical Plants, Gas Industry, 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:
- PBS Group
- Flowserve
- LA Turbine
- Altas Copco
- Cryostar
- Cryogenmash
- Nikkiso (ACD Cryo)
- R&D Dynamics
- Air Products (Rotoflow)
- Simms Machinery International
Highlights of The Cryogenic Turboexpanders 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:
- Single-shaft Turbins
- Double-shaft Turbins
- By Application:
- Chemical Plants
- Gas Industry
- 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 Cryogenic Turboexpanders 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
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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?
Cryogenic turboexpanders are a type of engine that use cryogenics to increase the efficiency of an engine. This technology is often used in aircraft engines, as it allows for greater power and fuel efficiency.
Some of the key players operating in the cryogenic turboexpanders market are PBS Group, Flowserve, LA Turbine, Altas Copco, Cryostar, Cryogenmash, Nikkiso (ACD Cryo), R&D Dynamics, Air Products (Rotoflow), Simms Machinery International.
The cryogenic turboexpanders market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryogenic Turboexpanders Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cryogenic Turboexpanders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryogenic Turboexpanders Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cryogenic Turboexpanders Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cryogenic Turboexpanders Market Size & Forecast, 2018-2028
4.5.1 Cryogenic Turboexpanders Market Size and Y-o-Y Growth
4.5.2 Cryogenic Turboexpanders Market Absolute $ Opportunity
Chapter 5 Global Cryogenic Turboexpanders Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cryogenic Turboexpanders Market Size Forecast by Type
5.2.1 Single-shaft Turbins
5.2.2 Double-shaft Turbins
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cryogenic Turboexpanders Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cryogenic Turboexpanders Market Size Forecast by Applications
6.2.1 Chemical Plants
6.2.2 Gas Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryogenic Turboexpanders Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cryogenic Turboexpanders Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cryogenic Turboexpanders Analysis and Forecast
9.1 Introduction
9.2 North America Cryogenic Turboexpanders Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cryogenic Turboexpanders Market Size Forecast by Type
9.6.1 Single-shaft Turbins
9.6.2 Double-shaft Turbins
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cryogenic Turboexpanders Market Size Forecast by Applications
9.10.1 Chemical Plants
9.10.2 Gas Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cryogenic Turboexpanders Analysis and Forecast
10.1 Introduction
10.2 Europe Cryogenic Turboexpanders Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cryogenic Turboexpanders Market Size Forecast by Type
10.6.1 Single-shaft Turbins
10.6.2 Double-shaft Turbins
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cryogenic Turboexpanders Market Size Forecast by Applications
10.10.1 Chemical Plants
10.10.2 Gas Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cryogenic Turboexpanders Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cryogenic Turboexpanders Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cryogenic Turboexpanders Market Size Forecast by Type
11.6.1 Single-shaft Turbins
11.6.2 Double-shaft Turbins
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cryogenic Turboexpanders Market Size Forecast by Applications
11.10.1 Chemical Plants
11.10.2 Gas Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cryogenic Turboexpanders Analysis and Forecast
12.1 Introduction
12.2 Latin America Cryogenic Turboexpanders Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cryogenic Turboexpanders Market Size Forecast by Type
12.6.1 Single-shaft Turbins
12.6.2 Double-shaft Turbins
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cryogenic Turboexpanders Market Size Forecast by Applications
12.10.1 Chemical Plants
12.10.2 Gas Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cryogenic Turboexpanders Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cryogenic Turboexpanders Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cryogenic Turboexpanders Market Size Forecast by Type
13.6.1 Single-shaft Turbins
13.6.2 Double-shaft Turbins
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cryogenic Turboexpanders Market Size Forecast by Applications
13.10.1 Chemical Plants
13.10.2 Gas Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cryogenic Turboexpanders Market: Competitive Dashboard
14.2 Global Cryogenic Turboexpanders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PBS Group
14.3.2 Flowserve
14.3.3 LA Turbine
14.3.4 Altas Copco
14.3.5 Cryostar
14.3.6 Cryogenmash
14.3.7 Nikkiso (ACD Cryo)
14.3.8 R&D Dynamics
14.3.9 Air Products (Rotoflow)
14.3.10 Simms Machinery International
