Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Turbo Expander Market by Type (Radial-Axial Turbo Expander, Radial Turbo Expander, Axial Turbo Expander), 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 Turbo Expander Market by Type (Radial-Axial Turbo Expander, Radial Turbo Expander, Axial Turbo Expander), 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: 131421 3300 Machinery & Equipment 377 239 Pages 4.7 (39)
                                          

Market Overview:


The global Turbo Expander 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 air separation and liquefied natural gas (LNG) across the globe. Additionally, growing investments in petrochemical processing and waste heat or other power recovery are also propelling the growth of this market. However, high installation and maintenance costs may restrain the growth of this market to some extent during the forecast period. On basis of type, radial-axial turbo expander segment is expected to hold major share in global Turbo Expander Market by 2030 owing its advantages such as compact size, low weight and easy installation when compared with radial turbo expanders and axial turbo expanders segments. On basis of application, air separation segment is anticipated to witness highest CAGR over next 10 years on account rising demand for oxygen & nitrogen from various end user industries including metal fabrication, chemical processing etcetera .


Global Turbo Expander Industry Outlook


Product Definition:


A turbo expander is a device that is used to extract heat from a gas stream and convert it into mechanical work. The importance of turbo expanders is that they can be used to increase the efficiency of thermodynamic systems.


Radial-Axial Turbo Expander:


Radial-axial turbo expander is a device used to increase the power output of an engine by expanding the exhaust stroke. It works on the principle of reciprocating engines wherein, as per normal operation, intake and exhaust valves are closed at constant intervals but when it comes to high speeds then they open in a predefined order. The opening of valves causes an increase in pressure and flow rate which further increases the speed of turbine blades resulting into higher power output from turbine.


Radial Turbo Expander:


The radial turbo expander is a device used to increase the flow of air in an engine. It works by expanding the exhaust air in a controlled manner, which increases the volumetric efficiency of engines. The basic function of any turbocharger is to introduce additional air into an engine at high speeds, thus increasing its power output and efficiency.


In most automotive applications, turbochargers are mounted on or attached to the intake manifold (usually on top).


Application Insights:


Based on the application, the market is segmented into air separation, liquefied natural gas (LNG), petrochemical processing, waste heat or other power recovery, and others. The LNG segment dominated the global turbo expander market in 2017 owing to its rising adoption across various applications such as storage tanks for residential and commercial usage.


The growing demand for compressed natural gas (CNG) as a fuel source in automobiles is expected to drive its consumption over the forecast period. Furthermore, increasing CNG production from domestic sources coupled with surging demand from emerging economies will further boost industry growth over the coming years. Petrochemical processing was another prominent application that accounted for a significant share of industry revenue in 2017 due to high product utilization rates across this sector globally.


Regional Analysis:


Asia Pacific is anticipated to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for energy and growing industrialization in emerging economies, such as China and India. In addition, rising construction activities due to urbanization are expected to drive market growth over the forecast period.


The Middle East & Africa is projected to witness significant growth during the same period owing to increasing oil production in countries like Saudi Arabia and Iran coupled with growing exploration activities across African regions including Egypt, Nigeria, South Sudan among others will boost market development in this region.


Growth Factors:


  • Increasing demand for energy due to population growth and industrialization
  • Rising concerns over environmental pollution and climate change, driving the adoption of cleaner energy sources
  • Government policies and regulations supporting the expansion of renewable energy sources
  • Technological advancements making renewables more cost-effective than traditional power generation methods
  • Growing awareness of the benefits of using turbo expanders in renewable energy systems

Scope Of The Report

Report Attributes

Report Details

Report Title

Turbo Expander Market Research Report

By Type

Radial-Axial Turbo Expander, Radial Turbo Expander, Axial 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, 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

239

Number of Tables & Figures

168

Customization Available

Yes, the report can be customized as per your need.


Global Turbo Expander Market Report Segments:

The global Turbo Expander market is segmented on the basis of:

Types

Radial-Axial Turbo Expander, Radial Turbo Expander, Axial 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:

  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 Turbo Expander Market Overview


Highlights of The Turbo Expander Market Report:

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

    1. Radial-Axial Turbo Expander
    2. Radial Turbo Expander
    3. Axial Turbo Expander
  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 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 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. 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. 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. Turbo Expander Market - Supply Chain
   4.5. Global Turbo Expander Market Forecast
      4.5.1. Turbo Expander Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Turbo Expander Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Turbo Expander Market Absolute $ Opportunity

5. Global 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. Turbo Expander Market Size and Volume Forecast by Type
      5.3.1. Radial-Axial Turbo Expander
      5.3.2. Radial Turbo Expander
      5.3.3. Axial Turbo Expander
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global 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. 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 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. 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 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. 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 Turbo Expander Demand Share Forecast, 2019-2029

9. North America 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 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 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 Turbo Expander Market Size and Volume Forecast by Type
      9.7.1. Radial-Axial Turbo Expander
      9.7.2. Radial Turbo Expander
      9.7.3. Axial 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 Turbo Expander Demand Share Forecast, 2019-2029

10. Latin America 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 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 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 Turbo Expander Market Size and Volume Forecast by Type
      10.7.1. Radial-Axial Turbo Expander
      10.7.2. Radial Turbo Expander
      10.7.3. Axial 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 Turbo Expander Demand Share Forecast, 2019-2029

11. Europe 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 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 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 Turbo Expander Market Size and Volume Forecast by Type
      11.7.1. Radial-Axial Turbo Expander
      11.7.2. Radial Turbo Expander
      11.7.3. xial 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 Turbo Expander Demand Share, 2019-2029

12. Asia Pacific 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 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 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 Turbo Expander Market Size and Volume Forecast by Type
      12.7.1. Radial-Axial Turbo Expander
      12.7.2. Radial Turbo Expander
      12.7.3. Axial 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 Turbo Expander Demand Share, 2019-2029

13. Middle East & Africa 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 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 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 Turbo Expander Market Size and Volume Forecast by Type
      13.7.1. Radial-Axial Turbo Expander
      13.7.2. Radial Turbo Expander
      13.7.3. Axial 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 Turbo Expander Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Turbo Expander Market: Market Share Analysis
   14.2. Turbo Expander Distributors and Customers
   14.3. 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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