Global Turboexpanders Market

Turboexpanders are a critical component in many industrial processes. They provide a reliable and efficient way to expand high-pressure gas into mechanical energy, which can be used to power other equipment or generate electricity. The turboexpander works on the principle of the Joule-Thomson Effect, which states that when a gas is forced through a small opening, its temperature decreases. The turboexpander uses this effect by directing the high-pressure gas through a series of nozzles or blades. This causes the gas to expand rapidly, and its temperature drops. The expanding gas causes a turbine to rotate, producing mechanical energy. The global turboexpanders market was estimated at USD 854.7 million in 2022 and is expected to hit USD 1,114.9 million by 2029, registering a CAGR of 3.87% from 2023 to 2029 as per the latest market estimates.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global turboexpanders market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the loading device, product type, power capacity, application, end user, and region. The global market for turboexpanders can be segmented by loading device: compressors, generators, oil brake. According to the research, the compressors segment had the largest share in the global turboexpanders market. Turboexpanders market is further segmented by product type: axial flow, radial flow. In 2022, the radial flow segment made up the largest share of revenue generated by the turboexpanders market. Based on power capacity, the turboexpanders market is segmented into: less than 1 MW, 1 MW–4 MW, 5 MW–9 MW, 10 MW–19 MW, 20 MW -24 MW, 25 MW- 40 MW, above 40 MW. Among these, the 1 MW–4 MW segment was accounted for the highest revenue generator in 2022. On the basis of application, the turboexpanders market also can be divided into: air separation, cryogenic application, oil & gas processing, others. The cryogenic application segment captured the largest share of the market in 2022. Turboexpanders market by end user is categorized into: chemicals, energy & power, oil & gas, others. According to the research, the oil & gas segment had the largest share in the global turboexpanders market. The turboexpanders market by region can be segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. In 2022, Asia-Pacific made up the largest share of revenue generated by the turboexpanders market.

Market Segmentation
By loading device: compressors, generators, oil brake
By product type: axial flow, radial flow
By power capacity: less than 1 MW, 1 MW–4 MW, 5 MW–9 MW, 10 MW–19 MW, 20 MW -24 MW, 25 MW- 40 MW, above 40 MW
By application: air separation, cryogenic application, oil & gas processing, others
By end user: chemicals, energy & power, oil & gas, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides analysis of the key companies of the industry and their detailed company profiles including Air Liquide S.A., Air Products and Chemicals, Inc., Atlas Copco AB, Chart Industries, Inc., Cryostar SAS, Ebara Corporation, General Electric Company, Hangzhou Hangyang Holdings Co., Ltd., MAN SE, R&D Dynamics Corporation, Shaanxi Blower (Group) Co., Ltd., Sichuan Air Separation Plant (Group) Co., Ltd. (SASPG), Siemens AG, Turbogaz PJSC, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global turboexpanders market.
• To classify and forecast the global turboexpanders market based on loading device, product type, power capacity, application, end user, region.
• To identify drivers and challenges for the global turboexpanders market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global turboexpanders market.
• To identify and analyze the profile of leading players operating in the global turboexpanders market.

Why Choose This Report
• Gain a reliable outlook of the global turboexpanders market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.

Global Turboexpanders Market

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Global Turboexpanders Market - Report Scope
REPORT ATTRIBUTE

DETAILS

Base Year

2022

Forecast Year

2023-2029

CAGR (2023-2029)

3.87%

Pages

90

Key Players

Air Liquide S.A., Air Products and Chemicals Inc., Atlas Copco AB, Chart Industries Inc., Cryostar SAS, Ebara Corporation, General Electric Company, Hangzhou Hangyang Holdings Co. Ltd., MAN SE, R&D Dynamics Corporation, Shaanxi Blower (Group) Co. Ltd., Sichuan Air Separation Plant (Group) Co. Ltd. (SASPG), Siemens AG, Turbogaz PJSC

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