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.
The global turbo expander industry mainly concentrates in China, Europe and North America. The global leading players in this market are Cryostar, Atlas Copco and GE oil &gas, which accounts for 34.97% of total consumption value. In China the market leaders are Hangyang Group, SASPG and HNEC.
Although sales of turbo expander products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the turbo expander field hastily.
According to this study, over the next five years the Turbo Expander market will register a 2.9% CAGR in terms of revenue, the global market size will reach US$ 620 million by 2024, from US$ 520 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Turbo Expander business, shared in Chapter 3.
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.
This study considers the Turbo Expander value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3: and forecast to 2024 in section 11.7.
Radial-Axial Turbo Expander
Radial Turbo Expander
Axial Turbo Expander
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4: and forecast to 2024 in section 11.8.
Air separation
Liquefied Natural Gas(LNG)
Petrochemical processing
Waste heat or other power recovery
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Cryostar
Atlas Copco
GE oil &gas
Air Products
ACD
L.A. Turbine
Turbogaz
Samsung
RMG
Hangyang Group
SASPG
HNEC
Suzhou Xida
Beifang Asp
Jianyang Ruite
Huayu
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Turbo Expander consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Turbo Expander market by identifying its various subsegments.
Focuses on the key global Turbo Expander manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Turbo Expander with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Turbo Expander submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
