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 .
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:
- 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
Highlights of The Turbo 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:
- 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
- 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 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
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- 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?
Turbo Expander is a software that helps you to speed up your computer. It can help to improve the performance of your computer by expanding the memory and processor resources.
Some of the major players in the turbo expander market are 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.
The turbo expander market is expected to register a CAGR of 5.5%.
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
