Turboexpander Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Report Code: ZMR-3393 | Report Format : | Status : Upcoming |

Abstract

Global Turboexpander Market: Overview

Turboexpander is defined as an axial-flow or a centrifugal turbine used to expand high-pressure gas. This high-pressure gas facilitates the rotation of turbines and is transmitted to the shaft. The energy generated in this process is used to power generators and drive compressors. Generally, turboexpanders have a power range between 750W and 7.5MW. This range roughly equals to 1hp and 10,000hp. The growth of the global turboexpander market can be attributed to the extensive use of turboexpanders in industrial processes as a refrigeration source. The industrial processes include extracting natural gas and ethane gas liquids and liquefaction.

Global Turboexpander Market: Growth Factors

The major growth driver in the global turboexpander market is the increase in the use of natural gas for meeting the needs of power supply. The end users like oil and gas and manufacturing industries are transitioning from traditional sources of energy to energy-efficient sources. This transition is another factor that is fuelling the expansion of the turboexpander market. The boom of the shale gas is also contributing to the expansion of the turboexpander market. In the upcoming years, the increasing use of geothermal energy for power generation is also expected to fuel the demand for the turboexpander market.
 The high cost of installations is one of the restraining factors in the global turboexpander market among several other factors.

Global Turboexpander Market: Segmentation

The global turboexpander market can be divided based on loading device, application, and end-user. Based on loading device, the global turboexpander market can be divided into generator, compressor, and oil break. On the basis of application, this market can be divided into hydrocarbon and air separation among several others. The hydrocarbon segment is anticipated to show the maximum growth due to its large size and the ability to deliver a diverse power output range. Liquefaction of natural gases and petroleum gases, nitrogen rejection, regasification, FPSO LNG, and dew point control are a few hydrocarbon applications. According to the end-user, the global turboexpander market can be divided into oil and gas, power generation, and manufacturing.

Global Turboexpander Market: Regional Analysis

Based on regions, the global turboexpander market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is expected to be the largest turboexpander market in the upcoming years. This growth is due to the fact that developing economies, such as India and China, are making investments in refineries and concentrating on expanding the production of natural gas. Another factor fuelling the expansion of the turboexpander market in China is the rise in demand of turboexpanders. Thus, China is expected to hold a substantial market share of the global turboexpander market in the Asia Pacific region. The turboexpander market in the Middle East and North America is anticipated to grow in the future owing to the focus of oil and gas companies on increasing their production of natural gas.

Global Turboexpander Market: Competitive Players

The key market players of the global turboexpander market include L.A. Turbine, SASPG, Turbogaz, Cryostar, BHGE, Hangyang Group, Air Products and Chemicals, HNEC, Cryogenic, and Atlas Copco, among several others.
Global Turboexpander Market: Regional Segment Analysis

Global Turboexpander Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Light Tower Market – By Lighting (Electric, LED, Metal Halide, and Others), By Product (Mobile and Stationary), By Technology (Hydraulic Lifting System and Manual Lifting System), By Power Source (Direct, Diesel, Solar, and Others), By Application (Emergency & Disaster Relief, Construction, Mining, Infrastructure Development, Military & Defense, Oil & Gas, and Others), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5316 | Report Format:

This report analyzes and estimates the light tower market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the light tower market driv...Read More

Ice Maker Market – By Product (Ice Flake, Ice Cube, and Ice Nugget), By Application (Commercial and Residential), and By Region: Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5315 | Report Format:

This report analyzes and estimates the ice maker market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with a forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the ice maker market drivers an...Read More

Global Aerobridge Market – By Product Type (T-Bridge, Noseloader, Commuter Bridge, Apron Drive, and Others), By Elevation System (Electromechanical and Hydraulic), By Movement (Movable and Fixed), By Wall Structure (Glass and Steel), By Tunnel Sections (Two and Three), and By Region: Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5310 | Report Format:

This report analyzes and estimates the aerobridge market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the aerobridge market driver...Read More

Hybrid Drivetrain Market – By Component (PHEV and HEV), By Level (PHEV, Full HEV, and Mild HEV), By Type (Parallel, Series-Parallel, and Series), and By Region: Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5297 | Report Format:

This report analyzes and estimates the hybrid drivetrain market at global, regional, and country level. The research study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the Hybrid drivetrain m...Read More

Electric Powertrain Market – By Component (Motor/Generator, 12V/HV/48V Battery, Battery Management System, 48V ISG/BSG, Controller, Power Distribution Module, DC/AC Inverter, DC/DC Converter Regenerative Braking, Idle Start-Stop, On-Board Charger, and Others), By Vehicle Type (48V Mild Hybrid Vehicle (MHEV), Battery Electric Vehicle (BEV), and Hybrid And Plug-In Hybrid Vehicle (HEV/PHEV)), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5292 | Report Format:

This report analyzes and estimates the Electric Powertrain market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on value (USD Billion). The report offers detailed insights of the Electric Powertrain m...Read More

Request Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.