PUBLISHER: IMARC | PRODUCT CODE: 1390625
PUBLISHER: IMARC | PRODUCT CODE: 1390625
Turbo Expanders Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
The global turbo expanders market size reached US$ 332.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 502.0 Million by 2028, exhibiting a growth rate (CAGR) of 7.10% during 2022-2028.
Turbo expanders are centrifugal or axial flow turbines through which a high-pressure gas drives a generator or compressor. They are widely utilized in the gas supply chain, energy recovery, and power generation during natural gas processing and petrochemical applications. They are also used in industrial processes to produce refrigerants for the liquefaction of gases, such as oxygen, nitrogen, and helium. Presently, several manufacturers are offering turbo expanders incorporated with computer-aided tools, such as finite-element analyses (FEA), computer numerical control (CNC) machining, and computational fluid dynamics (CFD). These turbo expanders offer enhanced design and key features, such as compressor stage, maximized efficiency, and improved reliability.
Turbo Expanders Market Trends:
In oil and gas facilities, turbo expander systems are extensively utilized in dew-point control (DPC), nitrogen rejection, pressure let-down, and fluid catalytic cracking (FCC). They optimize power generation potential and efficiency and facilitate the production of natural gas liquids (NGL) by removing ethane and heavy hydrocarbons like gasoline blends from natural gas. This, in confluence with surging energy needs and rapid rise in the installation of turbo expanders in offshore oil production sites, represents one of the key factors fueling the market growth. Apart from this, leading manufacturers are using sophisticated techniques to develop modern multilink turbo expanders that can adjust inlet guide vanes (IGVs) for precision flow control and minimal actuating forces. Furthermore, due to a shift in consumer preferences towards carbon-neutrality and economic efficiency, these manufacturers are offering customized products for complex industrial processes, which is driving the market. These products can be used in a broad range of applications, such as nitric acid, terephthalic acid, gasification, and blast furnace top gas recovery plants.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global turbo expanders market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on loading devices, application, and end-use industry.
Breakup by Loading Devices:
Compressor
Generator
Hydraulic Brake
Breakup by Application:
Hydrocarbon Turboexpanders
Air Separation Turboexpanders
Others
Breakup by End Use Industry:
Oil and Gas
Power Generation
Energy Recovery
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Products & Chemicals Inc., Atlas Copco, Baker Hughes Company (General Electric Company), Blair Engineering, Elliott Group (Ebara Corporation), HangZhou Oxygen Plant Group, LA Turbine (Chart Industries Inc.), PBS Group a. s., R&D Dynamics Corporation, Sichuan Air Separation Plant (Group) Co. Ltd., Suzhou Sida Cryogenic Equipment Co. Ltd. and Turbogaz.
Key Questions Answered in This Report:
- How has the global turbo expanders market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global turbo expanders market?
- What are the key regional markets?
- What is the breakup of the market based on the loading devices?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global turbo expanders market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Turbo Expanders Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Loading Devices
- 6.1 Compressor
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Generator
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Hydraulic Brake
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Hydrocarbon Turboexpanders
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Air Separation Turboexpanders
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Oil and Gas
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Power Generation
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Energy Recovery
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Air Products & Chemicals Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Atlas Copco
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Baker Hughes Company (General Electric Company)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Blair Engineering
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Elliott Group (Ebara Corporation)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 HangZhou Oxygen Plant Group
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 LA Turbine (Chart Industries Inc.)
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 PBS Group a. s.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 R&D Dynamics Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Sichuan Air Separation Plant (Group) Co. Ltd.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Suzhou Sida Cryogenic Equipment Co. Ltd.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Turbogaz
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Air Products & Chemicals Inc.
List of Figures
- Figure 1: Global: Turbo Expanders Market: Major Drivers and Challenges
- Figure 2: Global: Turbo Expanders Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Turbo Expanders Market: Breakup by Loading Devices (in %), 2022
- Figure 5: Global: Turbo Expanders Market: Breakup by Application (in %), 2022
- Figure 6: Global: Turbo Expanders Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Turbo Expanders Market: Breakup by Region (in %), 2022
- Figure 8: Global: Turbo Expanders (Compressor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Turbo Expanders (Compressor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Turbo Expanders (Generator) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Turbo Expanders (Generator) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Turbo Expanders (Hydraulic Brake) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Turbo Expanders (Hydraulic Brake) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Turbo Expanders (Hydrocarbon Turboexpanders) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Turbo Expanders (Hydrocarbon Turboexpanders) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Turbo Expanders (Air Separation Turboexpanders) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Turbo Expanders (Air Separation Turboexpanders) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Turbo Expanders (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Turbo Expanders (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Turbo Expanders (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Turbo Expanders (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Turbo Expanders (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Turbo Expanders (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Turbo Expanders (Energy Recovery) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Turbo Expanders (Energy Recovery) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Turbo Expanders (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Turbo Expanders (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Turbo Expanders Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Turbo Expanders Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Turbo Expanders Industry: SWOT Analysis
- Figure 78: Global: Turbo Expanders Industry: Value Chain Analysis
- Figure 79: Global: Turbo Expanders Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Turbo Expanders Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Turbo Expanders Market Forecast: Breakup by Loading Devices (in Million US$), 2023-2028
- Table 3: Global: Turbo Expanders Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Turbo Expanders Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 5: Global: Turbo Expanders Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Turbo Expanders Market: Competitive Structure
- Table 7: Global: Turbo Expanders Market: Key Players
