Global Turbo Expander Market Growth 2023-2029

Global Turbo Expander Market Growth 2023-2029

Turbo expander is a machine, which continuously converts kinetic energy into mechanical energy. This is done by expanding the high pressure gas from upstream to a lower pressure downstream through the Expander. The high pressure gas causes the radial expander to rotate. Rotation is transmitted to the shaft, which is supported by a set of bearings. The power transmitted to the shaft can be used to drive a compressor, drive an electrical generator or can be dissipated through an oil brake or air brake. Turbo Expander is also referred to as a turbo-expander or an expansion turbine, is a centrifugal or axial flow turbine through which a high pressure gas is expanded to produce work that is often used to drive a compressor.
LPI (LP Information)' newest research report, the “Turbo Expander Industry Forecast” looks at past sales and reviews total world Turbo Expander sales in 2022, providing a comprehensive analysis by region and market sector of projected Turbo Expander sales for 2023 through 2029. With Turbo Expander sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Turbo Expander industry.
This Insight Report provides a comprehensive analysis of the global Turbo Expander landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Turbo Expander portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Turbo Expander market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Turbo Expander and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Turbo Expander.
The global Turbo Expander market size is projected to grow from US$ 522.3 million in 2022 to US$ 665.7 million in 2029; it is expected to grow at a CAGR of 665.7 from 2023 to 2029.
Global leading players in turbo expander market are Cryostar, Atlas Copco and GE oil &gas etc. The top 5 companies hold a share about 55%. Asia Pacific is the largest market, with a share about 35%, followed by Europe and North America with the share about 30% and 23%.
This report presents a comprehensive overview, market shares, and growth opportunities of Turbo Expander market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Radial-Axial Turbo Expander
Radial Turbo Expander
Axial Turbo Expander
Segmentation by application
Air Separation
Liquefied Natural Gas(LNG)
Petrochemical Processing
Waste Heat or Other Power Recovery
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Cryostar
Atlas Copco
GE(Baker Hughes)
Air Products
ACD
L.A. Turbine
Turbogaz
Samsung
RMG
Hangyang Group
SASPG
HNEC
Suzhou Xida
Beifang Asp
Jianyang Ruite
Huayu
Air Liquide
Hanwha
Key Questions Addressed in this Report
What is the 10-year outlook for the global Turbo Expander market?
What factors are driving Turbo Expander market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Turbo Expander market opportunities vary by end market size?
How does Turbo Expander break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.