Global Turboexpander Market Size study & Forecast, by Loading Device (Centrifugal Compressor, Generator, Hydraulic Brakes), By End-User (Oil & Gas, Power Generation, Manufacturing, HVAC, Others) and Regional Analysis, 2022-2029

Description

List of Tables

Global Turboexpander Market is valued at approximately USD 953.6 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2022-2029. A revolving radial or axial flow turbine called a turboexpander, commonly referred to as an expansion turbine, expands high-pressure gas to provide energy for three different types of machinery generators, compressors, and hydraulic brakes. The Turboexpander market is expanding because of factors such as increasing demand for natural gas and rising technological advancements in bearing technology.

Turbo expander is commonly used in petrochemical applications such as ethylene, nitrogen, and hydrogen, among others. Its prevalence has progressively increased during the last few decades. According to Statista, the United States is the world's largest consumer of natural gas, consuming nearly 827 billion cubic metres in 2021. The United States is also one of the world's largest producers of natural gas, with 948 billion cubic metres projected in 2020. Furthermore, the majority of the world's natural gas is produced in the United States. In 2021, the U.S. produced over 23 percent of the total global natural gas output, whereas China produced approximately 5.2 percent. Another important component driving space increase is technological advancements in bearing technology. As per Statista in 2022, the bearing market was sized at USD 142 billion. The railway and aerospace segment is predicted to be among the fastest growing application segments. In addition, Schaeffler India was the leading Indian bearings company based on market capitalization with about 283 billion Indian rupees as of March 2022. SKF India was the second leading bearings company in the country at that time period. However, the high cost of Turboexpander stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Turboexpander Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increased demand for cryogens due to the need for ultra-high vacuum environments in semiconductor manufacturing processes. According to Statista, in 2021, the Asia-Pacific semiconductor industry is expected to generate approximately $ 342.97 billion in revenue. It was anticipated to generate $411.97 billion in revenue by 2023. Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as government regulations that support renewable energy projects and reduce greenhouse gas emissions, as well as the dominance of natural gas production in the market space.

Major market players included in this report are:

Cryostar India
Atlas Copco
L.A Turbine
Air Products and Chemicals, Inc
MAN Energy Solutions
Havayar Industrial Group
Honeywell International Inc.
Elliot Group
Cryogenic Industries
Turbohaz Uzhhorod, Tov

Recent Developments in the Market:

In July 2022, Hindustan Aeronautics Limited (HAL) has signed a contract with Honeywell for the supply and manufacture of 88 TPE331-12B engines/kits, as well as maintenance and support services for the Hindustan Trainer Aircraft.

Global Turboexpander Market Report Scope:

Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Loading Device, End-User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Loading Device

Centrifugal Compressor
Generator
Hydraulic Brakes

By End-User

Oil & Gas
Power Generation
Manufacturing
HVAC
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Turboexpander Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Turboexpander Market, by Loading Device, 2019-2029 (USD Million)
- 1.2.3. Turboexpander Market, by End-User, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Turboexpander Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Turboexpander Market Dynamics

3.1. Turboexpander Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for natural gas
  - 3.1.1.2. Rising technological advancements in bearing technology
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Turboexpander
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising awareness among industries to curb Green House Gas (GHG) emissions.

Chapter 4. Global Turboexpander Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Turboexpander Market, by Loading Device

6.1. Market Snapshot
6.2. Global Turboexpander Market by Loading Device, Performance - Potential Analysis
6.3. Global Turboexpander Market Estimates & Forecasts by Loading Device 2019-2029 (USD Million)
6.4. Turboexpander Market, Sub Segment Analysis
- 6.4.1. Centrifugal Compressor
- 6.4.2. Generator
- 6.4.3. Hydraulic Brakes

Chapter 7. Global Turboexpander Market, by End-User

7.1. Market Snapshot
7.2. Global Turboexpander Market by End-User, Performance - Potential Analysis
7.3. Global Turboexpander Market Estimates & Forecasts by End-User 2019-2029 (USD Million)
7.4. Turboexpander Market, Sub Segment Analysis
- 7.4.1. Oil & Gas
- 7.4.2. Power Generation
- 7.4.3. Manufacturing
- 7.4.4. HVAC
- 7.4.5. Others

Chapter 8. Global Turboexpander Market, Regional Analysis

8.1. Turboexpander Market, Regional Market Snapshot
8.2. North America Turboexpander Market
- 8.2.1. U.S. Turboexpander Market
  - 8.2.1.1. Loading Device breakdown estimates & forecasts, 2019-2029
  - 8.2.1.2. End-User breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Turboexpander Market
8.3. Europe Turboexpander Market Snapshot
- 8.3.1. U.K. Turboexpander Market
- 8.3.2. Germany Turboexpander Market
- 8.3.3. France Turboexpander Market
- 8.3.4. Spain Turboexpander Market
- 8.3.5. Italy Turboexpander Market
- 8.3.6. Rest of Europe Turboexpander Market
8.4. Asia-Pacific Turboexpander Market Snapshot
- 8.4.1. China Turboexpander Market
- 8.4.2. India Turboexpander Market
- 8.4.3. Japan Turboexpander Market
- 8.4.4. Australia Turboexpander Market
- 8.4.5. South Korea Turboexpander Market
- 8.4.6. Rest of Asia Pacific Turboexpander Market
8.5. Latin America Turboexpander Market Snapshot
- 8.5.1. Brazil Turboexpander Market
- 8.5.2. Mexico Turboexpander Market
- 8.5.3. Rest of Latin America Turboexpander Market
8.6. Rest of The World Turboexpander Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. Company Profiles
- 9.2.1. Cryostar India
  - 9.2.1.1. Key Information
  - 9.2.1.2. Overview
  - 9.2.1.3. Financial (Subject to Data Availability)
  - 9.2.1.4. Product Summary
  - 9.2.1.5. Recent Developments
- 9.2.2. Atlas Copco
- 9.2.3. L.A Turbine
- 9.2.4. Air Products and Chemicals, Inc
- 9.2.5. MAN, Energy Solutions
- 9.2.6. Havayar Industrial Group
- 9.2.7. Honeywell International Inc.
- 9.2.8. Elliot Group
- 9.2.9. Cryogenic Industries
- 9.2.10. Turbohaz Uzhhorod, Tov

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Turboexpander Market, report scope
TABLE 2. Global Turboexpander Market estimates & forecasts by Region 2019-2029 (USD Million)
TABLE 3. Global Turboexpander Market estimates & forecasts by Loading Device 2019-2029 (USD Million)
TABLE 4. Global Turboexpander Market estimates & forecasts by End-User 2019-2029 (USD Million)
TABLE 5. Global Turboexpander Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 6. Global Turboexpander Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 7. Global Turboexpander Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 8. Global Turboexpander Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 9. Global Turboexpander Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 10. Global Turboexpander Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 11. Global Turboexpander Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 12. Global Turboexpander Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 13. Global Turboexpander Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 14. Global Turboexpander Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 15. U.S. Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 16. U.S. Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 17. U.S. Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 18. Canada Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 19. Canada Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 20. Canada Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 21. UK Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 22. UK Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 23. UK Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 24. Germany Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 25. Germany Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 26. Germany Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 27. France Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 28. France Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 29. France Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 30. Italy Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 31. Italy Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 32. Italy Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 33. Spain Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 34. Spain Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 35. Spain Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 36. RoE Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 37. RoE Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 38. RoE Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 39. China Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 40. China Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 41. China Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 42. India Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 43. India Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 44. India Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 45. Japan Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 46. Japan Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 47. Japan Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 48. South Korea Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 49. South Korea Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 50. South Korea Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 51. Australia Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 52. Australia Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 53. Australia Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 54. RoAPAC Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 55. RoAPAC Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 56. RoAPAC Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 57. Brazil Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 58. Brazil Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 59. Brazil Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 60. Mexico Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 61. Mexico Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 62. Mexico Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 63. RoLA Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 64. RoLA Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 65. RoLA Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 66. Row Turboexpander Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 67. Row Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 68. Row Turboexpander Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 69. List of secondary sources, used in the study of global Turboexpander Market
TABLE 70. List of primary sources, used in the study of global Turboexpander Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Turboexpander Market, research methodology
FIG 2. Global Turboexpander Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Turboexpander Market, key trends 2021
FIG 5. Global Turboexpander Market, growth prospects 2022-2029
FIG 6. Global Turboexpander Market, porters 5 force model
FIG 7. Global Turboexpander Market, pest analysis
FIG 8. Global Turboexpander Market, value chain analysis
FIG 9. Global Turboexpander Market by segment, 2019 & 2029 (USD Million)
FIG 10. Global Turboexpander Market by segment, 2019 & 2029 (USD Million)
FIG 11. Global Turboexpander Market by segment, 2019 & 2029 (USD Million)
FIG 12. Global Turboexpander Market by segment, 2019 & 2029 (USD Million)
FIG 13. Global Turboexpander Market by segment, 2019 & 2029 (USD Million)
FIG 14. Global Turboexpander Market, regional snapshot 2019 & 2029
FIG 15. North America Turboexpander Market 2019 & 2029 (USD Million)
FIG 16. Europe Turboexpander Market 2019 & 2029 (USD Million)
FIG 17. Asia Pacific Turboexpander Market 2019 & 2029 (USD Million)
FIG 18. Latin America Turboexpander Market 2019 & 2029 (USD Million)
FIG 19. Global Turboexpander Market, company Market share analysis (2021)