Market Overview:
The global LNG liquefaction turboexpander 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 LNG as a fuel source and the growing number of small-scale and large-scale LNG plants across the globe. The centrifugal turboexpander segment is expected to dominate the global LNG liquefaction turboexpander market during the forecast period, owing to its high efficiency and low operating costs. The axial-flow turboexpander segment is projected to grow at a higher CAGR than other types during the forecast period, due to its ability to handle high flow rates with low pressure drops. Asia Pacific accounted for majority of the global LNG liquefaction turboexpander market in 2017 and is projected be continue its dominance duringthe forecast period.
Product Definition:
LNG Liquefaction Turboexpander is a device used to liquefy natural gas. It is important because it allows the transportation of natural gas by ship, which would be otherwise impossible due to the gas's high volatility.
Centrifugal Turboexpander:
A centrifugal turboexpander is a device used to increase the pressure of gas by spinning it into a compact shape. It is mainly used in natural gas liquefaction (NG Liquefaction) process. The centrifugal turboexpander works on the principle that high speed rotating impeller creates low pressure area around itself and increases the overall system efficiency by reducing friction.
Axial-flow Turboexpander:
Axial-flow turboexpander is a device used in gas liquefaction process to increase the pressure of gas. It works by expanding the flow of gas in one direction only. The axial-flow turboexpander consists of two main components, namely compressor and turbine, which are mounted on a common shaft.
Application Insights:
Small LNG plants segment held the largest share of over 50.0% in 2017. The segment is expected to witness significant growth owing to increasing demand for natural gas as a fuel in power generation and industrial applications. Increasing use of coal bed methane (CBM) as an alternative fuel has resulted in reduction of its consumption in the residential sector, which is projected to drive market growth over the forecast period.
LNG plants are increasingly being used as an efficient replacement for conventional fossil fuels such as CBM and petroleum NGLs due to their cleaner combustion quality and higher energy yield per unit of mass compared with other conventional fuels such as LPG or CNG among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has emerged as a major exporter of natural gas owing to large reserves of LNG resources located in countries such as Australia, China, Indonesia, Malaysia and Thailand. Increasing demand for natural gas from end-use industries such as power generation, chemicals and fertilizer production is anticipated to drive the regional market growth over the forecast period.
The North America market was valued at USD X billion in 2017. Rising demand for cleaner burning energy sources along with technological advancements towards more efficient plants are likely to augment industry growth over the coming years. Favorable regulatory policies aimed at promoting domestic manufacturing activities are also estimated to play an important role in increasing U.
Growth Factors:
- Increasing demand for LNG as a cleaner fuel source in transportation and power generation sectors
- Rapid growth of the global LNG market, led by rising demand from Asia Pacific region
- Technological advancements that have made turboexpanders more efficient and reliable
- Proliferation of small-scale LNG terminals that can cater to localized demand
- Growing popularity of floating storage and regasification units (FSRUs) as a cost-effective way to import and store LNG
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Liquefaction Turboexpander Market Research Report
By Type
Centrifugal Turboexpander, Axial-flow Turboexpander, Others
By Application
Small LNG Plants (<0.25 MTPA), Mid-Scale LNG Plants (0.25 to 2.0 MTPA), Large LNG Plants (>2.0 MTPA)
By Companies
Elliott Group, LA Turbine, Cryostar, Atlas Copco, Air Liquide, GE, Havayar Industrial Group, Shen Leng, Sichuan Air Separation Plant Group, Elliott Group
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global LNG Liquefaction Turboexpander Market Report Segments:
The global LNG Liquefaction Turboexpander market is segmented on the basis of:
Types
Centrifugal Turboexpander, Axial-flow Turboexpander, Others
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
Small LNG Plants (<0.25 MTPA), Mid-Scale LNG Plants (0.25 to 2.0 MTPA), Large LNG Plants (>2.0 MTPA)
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:
- Elliott Group
- LA Turbine
- Cryostar
- Atlas Copco
- Air Liquide
- GE
- Havayar Industrial Group
- Shen Leng
- Sichuan Air Separation Plant Group
- Elliott Group
Highlights of The LNG Liquefaction Turboexpander 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:
- Centrifugal Turboexpander
- Axial-flow Turboexpander
- Others
- By Application:
- Small LNG Plants (<0.25 MTPA)
- Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
- Large LNG Plants (>2.0 MTPA)
- 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 LNG Liquefaction Turboexpander 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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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?
LNG Liquefaction Turboexpander is a technology that uses a heat and pressure process to liquefy natural gas. The resulting LNG can then be shipped by pipeline.
Some of the major companies in the lng liquefaction turboexpander market are Elliott Group, LA Turbine, Cryostar, Atlas Copco, Air Liquide, GE, Havayar Industrial Group, Shen Leng, Sichuan Air Separation Plant Group, Elliott Group.
The lng liquefaction turboexpander 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 LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander Market Size & Forecast, 2018-2028
4.5.1 LNG Liquefaction Turboexpander Market Size and Y-o-Y Growth
4.5.2 LNG Liquefaction Turboexpander Market Absolute $ Opportunity
Chapter 5 Global LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander Market Size Forecast by Type
5.2.1 Centrifugal Turboexpander
5.2.2 Axial-flow Turboexpander
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander Market Size Forecast by Applications
6.2.1 Small LNG Plants (<0.25 MTPA)
6.2.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
6.2.3 Large LNG Plants (>2.0 MTPA)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander Analysis and Forecast
9.1 Introduction
9.2 North America LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander Market Size Forecast by Type
9.6.1 Centrifugal Turboexpander
9.6.2 Axial-flow Turboexpander
9.6.3 Others
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 LNG Liquefaction Turboexpander Market Size Forecast by Applications
9.10.1 Small LNG Plants (<0.25 MTPA)
9.10.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
9.10.3 Large LNG Plants (>2.0 MTPA)
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 LNG Liquefaction Turboexpander Analysis and Forecast
10.1 Introduction
10.2 Europe LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander Market Size Forecast by Type
10.6.1 Centrifugal Turboexpander
10.6.2 Axial-flow Turboexpander
10.6.3 Others
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 LNG Liquefaction Turboexpander Market Size Forecast by Applications
10.10.1 Small LNG Plants (<0.25 MTPA)
10.10.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
10.10.3 Large LNG Plants (>2.0 MTPA)
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 LNG Liquefaction Turboexpander Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander Market Size Forecast by Type
11.6.1 Centrifugal Turboexpander
11.6.2 Axial-flow Turboexpander
11.6.3 Others
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 LNG Liquefaction Turboexpander Market Size Forecast by Applications
11.10.1 Small LNG Plants (<0.25 MTPA)
11.10.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
11.10.3 Large LNG Plants (>2.0 MTPA)
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 LNG Liquefaction Turboexpander Analysis and Forecast
12.1 Introduction
12.2 Latin America LNG Liquefaction Turboexpander 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 LNG Liquefaction Turboexpander Market Size Forecast by Type
12.6.1 Centrifugal Turboexpander
12.6.2 Axial-flow Turboexpander
12.6.3 Others
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 LNG Liquefaction Turboexpander Market Size Forecast by Applications
12.10.1 Small LNG Plants (<0.25 MTPA)
12.10.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
12.10.3 Large LNG Plants (>2.0 MTPA)
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) LNG Liquefaction Turboexpander Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LNG Liquefaction Turboexpander 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) LNG Liquefaction Turboexpander Market Size Forecast by Type
13.6.1 Centrifugal Turboexpander
13.6.2 Axial-flow Turboexpander
13.6.3 Others
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) LNG Liquefaction Turboexpander Market Size Forecast by Applications
13.10.1 Small LNG Plants (<0.25 MTPA)
13.10.2 Mid-Scale LNG Plants (0.25 to 2.0 MTPA)
13.10.3 Large LNG Plants (>2.0 MTPA)
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 LNG Liquefaction Turboexpander Market: Competitive Dashboard
14.2 Global LNG Liquefaction Turboexpander Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Elliott Group
14.3.2 LA Turbine
14.3.3 Cryostar
14.3.4 Atlas Copco
14.3.5 Air Liquide
14.3.6 GE
14.3.7 Havayar Industrial Group
14.3.8 Shen Leng
14.3.9 Sichuan Air Separation Plant Group
14.3.10 Elliott Group
