North America Turboexpander Market Size, Share & Industry Trends Analysis Report By Product (Radial Flow and Axial Flow), By Loading Device, By Application, By End-use, By Power Capacity, By Country and Growth Forecast, 2022 - 2028

North America Turboexpander Market Size, Share & Industry Trends Analysis Report By Product (Radial Flow and Axial Flow), By Loading Device, By Application, By End-use, By Power Capacity, By Country and Growth Forecast, 2022 - 2028

The North America Turboexpander Market would witness market growth of 3.8% CAGR during the forecast period (2022-2028).

The energy output is proportional to pressure ratio, temperature, and flow rate. In a turbo-expander, the gas is cooled by the Joule-Thomson effect. The larger the flow maximum pressure difference, the greater the potential energy output. Using a turbo-expander instead of a standard Joule-Thomson valve can help chill a wide range of processes, including dewpoint, refrigeration, and natural gas liquefaction. Modern turbo-expander installations use efficient methods for dealing with this temperature loss in particular conditions.

There are two main configurations for turbo-expander generators, one with the generator installed directly on the turbine shaft, and the other with a connection via speed-reducing gears. Multi-staging is possible with an integral gearing option, which allows numerous expander stages to be installed on a single gearbox. Skid-mounted turbo-expander generators simplify transportation and lower installation costs.

The oil and gas and mining industries in the United States are major export markets for machinery, equipment, and overall supply chain items and services. U.S. manufacturers have a huge cost advantage over competitors due to their embrace of innovative technology and cost leadership.

Canada possesses the world's third-largest crude oil reserves, accounting for 97 percent of the country's 171 billion barrels. The geological basin for natural gas production in Canada is shared by Alberta, Saskatchewan, and British Columbia. Meanwhile, shale gas deposits can be discovered in practically every Canadian province. The oil and natural gas sectors are important drivers of the Canadian economy, accounting for 7% of GDP and employing more than 500,000 people across the country.

The US market dominated the North America Turboexpander Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $235.1 million by 2028. The Canada market is estimated to grow at a CAGR of 6.1% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 5.2% during (2022 - 2028).

Based on Product, the market is segmented into Radial Flow and Axial Flow. Based on Loading Device, the market is segmented into Compressor, Generator, and Hydraulic/Oil-brake. Based on Application, the market is segmented into Cryogenic, Air Separation, Oil & Gas Processing, and Others. Based on End-use, the market is segmented into Oil & Gas, Energy & Power, Chemical & Petrochemicals, and Others. Based on Power Capacity, the market is segmented into 1MW - 4 MW, 5MW - 9MW, Less than 1 MW, 10MW - 19MW, 20MW - 24 MW, 25 MW - 40 MW, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Baker Hughes Company, Siemens AG, Atlas Copco AB, Cryostar, Air Products and Chemicals, Inc., Chart Industries, Inc., MAN Energy Solutions SE, Elliott Group, and R&D Dynamics Corporation.

Scope of the Study

Market Segments covered in the Report:

By Product

  • Radial Flow
  • Axial Flow
By Loading Device
  • Compressor
  • Generator
  • Hydraulic/Oil-brake
By Application
  • Cryogenic
  • Air Separation
  • Oil & Gas Processing
  • Others
By End-use
  • Oil & Gas
  • Energy & Power
  • Chemical & Petrochemicals
  • Others
By Power Capacity
  • 1MW - 4 MW
  • 5MW - 9MW
  • Less than 1 MW
  • 10MW - 19MW
  • 20MW - 24 MW
  • 25 MW - 40 MW
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Honeywell International, Inc.
  • Baker Hughes Company
  • Siemens AG
  • Atlas Copco AB
  • Cryostar
  • Air Products and Chemicals, Inc.
  • Chart Industries, Inc.
  • MAN Energy Solutions SE
  • Elliott Group
  • R&D Dynamics Corporation
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Turboexpander Market, by Product
1.4.2 North America Turboexpander Market, by Loading Device
1.4.3 North America Turboexpander Market, by Application
1.4.4 North America Turboexpander Market, by End-use
1.4.5 North America Turboexpander Market, by Power Capacity
1.4.6 North America Turboexpander Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Turboexpander Market
Chapter 4. North America Turboexpander Market by Product
4.1 North America Radial Flow Market by Country
4.2 North America Axial Flow Market by Country
Chapter 5. North America Turboexpander Market by Loading Device
5.1 North America Compressor Market by Country
5.2 North America Generator Market by Country
5.3 North America Hydraulic/Oil-brake Market by Country
Chapter 6. North America Turboexpander Market by Application
6.1 North America Cryogenic Market by Country
6.2 North America Air Separation Market by Country
6.3 North America Oil & Gas Processing Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Turboexpander Market by End-use
7.1 North America Oil & Gas Market by Country
7.2 North America Energy & Power Market by Country
7.3 North America Chemical & Petrochemicals Market by Country
7.4 North America Others Market by Country
Chapter 8. North America Turboexpander Market by Power Capacity
8.1 North America 1MW - 4 MW Market by Country
8.2 North America 5MW - 9MW Market by Country
8.3 North America Less than 1 MW Market by Country
8.4 North America 10MW - 19MW Market by Country
8.5 North America 20MW - 24 MW Market by Country
8.6 North America 25 MW - 40 MW Market by Country
8.7 North America Others Market by Country
Chapter 9. North America Turboexpander Market by Country
9.1 US Turboexpander Market
9.1.1 US Turboexpander Market by Product
9.1.2 US Turboexpander Market by Loading Device
9.1.3 US Turboexpander Market by Application
9.1.4 US Turboexpander Market by End-use
9.1.5 US Turboexpander Market by Power Capacity
9.2 Canada Turboexpander Market
9.2.1 Canada Turboexpander Market by Product
9.2.2 Canada Turboexpander Market by Loading Device
9.2.3 Canada Turboexpander Market by Application
9.2.4 Canada Turboexpander Market by End-use
9.2.5 Canada Turboexpander Market by Power Capacity
9.3 Mexico Turboexpander Market
9.3.1 Mexico Turboexpander Market by Product
9.3.2 Mexico Turboexpander Market by Loading Device
9.3.3 Mexico Turboexpander Market by Application
9.3.4 Mexico Turboexpander Market by End-use
9.3.5 Mexico Turboexpander Market by Power Capacity
9.4 Rest of North America Turboexpander Market
9.4.1 Rest of North America Turboexpander Market by Product
9.4.2 Rest of North America Turboexpander Market by Loading Device
9.4.3 Rest of North America Turboexpander Market by Application
9.4.4 Rest of North America Turboexpander Market by End-use
9.4.5 Rest of North America Turboexpander Market by Power Capacity
Chapter 10. Company Profiles
10.1 Honeywell International, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.2 Baker Hughes Company
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Acquisition and Mergers:
10.2.5.2 Geographical Expansions:
10.3 Siemens AG
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 SWOT Analysis
10.4 Atlas Copco AB
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations and Agreements:
10.4.5.2 Product Launches and Product Expansion:
10.5 Cryostar (Linde plc)
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental Analysis
10.5.4 Research & Development Expenses
10.6 Air Products and Chemicals, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Acquisition and Mergers:
10.7 Chart Industries, Inc. (First Reserve)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Acquisition and Mergers:
10.8 MAN Energy Solutions SE (Volkswagen Group)
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.9 Elliott Group (Ebara Corporation)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.10. R&D Dynamics Corporation
10.10.1 Company Overview

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