[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Turbo Expanders Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 145 pages | ID: T2CB3E836C62EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
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?
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
9.2 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
9.3 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
9.4 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
9.5 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

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

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


More Publications