Turboexpander Market

Turboexpander Market

Turboexpander - Global Market Outlook (2019-2027)

4.2 (71 reviews)
4.2 (71 reviews)
Published: 2020 ID: SMRC19877

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Turboexpander Market is accounted for $327.84 million in 2019 and is expected to reach $611.77 million by 2027 growing at a CAGR of 8.1% during the forecast period. Increasing share of natural gas in primary energy consumption and increasing focus on energy efficiency are the major factors driving the market growth. However, high initial cost for smaller installations is restraining the market growth.

Turboexpander - Global Market Outlook (2019 -2027)

Turboexpander is a centrifugal or axial-flow turbine, through which high-pressure gas is expanded to produce work to drive a compressor or generator. It is a turbo machine designed to reduce the pressure and the temperature of the gases, increasing their volume to be able to liquefy them or to condense them, this device converts the energy of the gas pressure into useful work which is exploited in the form of work produced for generating power. 

Based on end user, the oil & gas segment is likely to have a huge demand. Increased production of LNG and LPG are expected to be the major drivers boosting growth of the turboexpanders market in the oil & gas sector. By geography, Asia Pacific is going to have a lucrative growth during the forecast period. Factors, such as increasing investments in natural gas production plants are driving the Asia Pacific turboexpander market during the forecasted period.

Some of the key players profiled in the Turboexpander Market include Air Liquide, Air Products and Chemicals, Atlas Copco, Baker Hughes, Bhge, Chengdu Shenleng, Cryostar, Elliott Group, GE Energy, Hangzhou Hangyang, High-Speed, Honeywell, Kaifeng Air Separation, L.A. Turbine, Linde, R&D Dynamics Corporation, Siemens, Suzhou Xida, Turbogaz and UniEco.

Types Covered:
• Axial Turboexpander
• Radial Turboexpander
• Radial-Axial Turboexpander

Bearings Covered:
• Gas Bearing
• Magnetic Bearing
• Oil Bearing   

Loading Devices Covered:
• Oil Break /Hydraulic Brake
• Generator (Electrical)
• Compressor(Centrifugal)

Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider

Applications Covered:
• Air Separation Turboexpanders
• Hydrocarbon Turboexpanders
• Liquefaction of Gases
• Natural Gas Pressure Letdown Stations
• Pharmaceutical Plants
• Other Applications   

End Users Covered:
• Chemical & Petrochemical
• Heating, Ventilation, and Air Conditioning (HVAC)
• Industrial
• Manufacturing
• Oil & Gas
• Power Generation
• Refrigeration Systems
• Energy Recovery

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
2 Preface       
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions       
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Application Analysis      
 3.7 End User Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
5 Global Turboexpander Market, By Type      
 5.1 Introduction       
 5.2 Axial Turboexpander      
 5.3 Radial Turboexpander      
 5.4 Radial-Axial Turboexpander      
6 Global Turboexpander Market, By Bearing      
 6.1 Introduction       
 6.2 Gas Bearing       
 6.3 Magnetic Bearing       
 6.4 Oil Bearing       
7 Global Turboexpander Market, By Loading Device     
 7.1 Introduction       
 7.2 Oil Break /Hydraulic Brake      
 7.3 Generator (Electrical)      
 7.4 Compressor (Centrifugal)      
8 Global Turboexpander Market, By Sales Channel     
 8.1 Introduction       
 8.2 Aftermarket       
 8.3 Manufacturer/Distributor/Service Provider    
9 Global Turboexpander Market, By Application     
 9.1 Introduction       
 9.2 Air Separation Turboexpanders     
 9.3 Hydrocarbon Turboexpanders      
 9.4 Liquefaction of Gases      
 9.5 Natural Gas Pressure Letdown Stations     
 9.6 Pharmaceutical Plants      
 9.7 Other Applications       
  9.7.1 Energy Generation from Waste Heat/ Gases   
  9.7.2 Geothermal      
10 Global Turboexpander Market, By End User     
 10.1 Introduction       
 10.2 Chemical & Petrochemical      
 10.3 Heating, Ventilation, and Air Conditioning (HVAC)    
 10.4 Industrial        
 10.5 Manufacturing       
 10.6 Oil & Gas        
 10.7 Power Generation       
 10.8 Refrigeration Systems      
 10.9 Energy Recovery       
11 Global Turboexpander Market, By Geography     
 11.1 Introduction       
 11.2 North America       
  11.2.1 US       
  11.2.2 Canada       
  11.2.3 Mexico       
 11.3 Europe        
  11.3.1 Germany       
  11.3.2 UK       
  11.3.3 Italy       
  11.3.4 France       
  11.3.5 Spain       
  11.3.6 Rest of Europe      
 11.4 Asia Pacific       
  11.4.1 Japan       
  11.4.2 China       
  11.4.3 India       
  11.4.4 Australia       
  11.4.5 New Zealand      
  11.4.6 South Korea      
  11.4.7 Rest of Asia Pacific      
 11.5 South America       
  11.5.1 Argentina      
  11.5.2 Brazil       
  11.5.3 Chile       
  11.5.4 Rest of South America     
 11.6 Middle East & Africa      
  11.6.1 Saudi Arabia      
  11.6.2 UAE       
  11.6.3 Qatar       
  11.6.4 South Africa      
  11.6.5 Rest of Middle East & Africa     
12 Key Developments        
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 12.2 Acquisitions & Mergers      
 12.3 New Product Launch      
 12.4 Expansions       
 12.5 Other Key Strategies      
13 Company Profiling        
 13.1 Air Liquide       
 13.2 Air Products and Chemicals      
 13.3 Atlas Copco       
 13.4 Baker Hughes       
 13.5 Bhge        
 13.6 Chengdu Shenleng       
 13.7 Cryostar        
 13.8 Elliott Group       
 13.9 GE Energy       
 13.10 Hangzhou Hangyang      
 13.11 High-Speed       
 13.12 Honeywell       
 13.13 Kaifeng Air Separation      
 13.14 L.A. Turbine       
 13.15 Linde        
 13.16 R&D Dynamics Corporation      
 13.17 Siemens        
 13.18 Suzhou Xida       
 13.19 Turbogaz        
 13.20 UniEco        

List of Tables         
1 Global Turboexpander Market Outlook, By Region (2018-2027) ($MN)   
2 Global Turboexpander Market Outlook, By Type (2018-2027) ($MN)   
3 Global Turboexpander Market Outlook, By Axial Turboexpander (2018-2027) ($MN) 
4 Global Turboexpander Market Outlook, By Radial Turboexpander (2018-2027) ($MN) 
5 Global Turboexpander Market Outlook, By Radial-Axial Turboexpander (2018-2027) ($MN) 
6 Global Turboexpander Market Outlook, By Bearing (2018-2027) ($MN)   
7 Global Turboexpander Market Outlook, By Gas Bearing (2018-2027) ($MN)  
8 Global Turboexpander Market Outlook, By Magnetic Bearing (2018-2027) ($MN)  
9 Global Turboexpander Market Outlook, By Oil Bearing (2018-2027) ($MN)  
10 Global Turboexpander Market Outlook, By Loading Device (2018-2027) ($MN)  
11 Global Turboexpander Market Outlook, By Oil Break /Hydraulic Brake (2018-2027) ($MN) 
12 Global Turboexpander Market Outlook, By Generator (Electrical) (2018-2027) ($MN) 
13 Global Turboexpander Market Outlook, By Compressor (Centrifugal) (2018-2027) ($MN) 
14 Global Turboexpander Market Outlook, By Sales Channel (2018-2027) ($MN)  
15 Global Turboexpander Market Outlook, By Aftermarket (2018-2027) ($MN)  
16 Global Turboexpander Market Outlook, By Manufacturer/Distributor/Service Provider (2018-2027) ($MN)
17 Global Turboexpander Market Outlook, By Application (2018-2027) ($MN)  
18 Global Turboexpander Market Outlook, By Air Separation Turboexpanders (2018-2027) ($MN) 
19 Global Turboexpander Market Outlook, By Hydrocarbon Turboexpanders (2018-2027) ($MN) 
20 Global Turboexpander Market Outlook, By Liquefaction of Gases (2018-2027) ($MN) 
21 Global Turboexpander Market Outlook, By Natural Gas Pressure Letdown Stations (2018-2027) ($MN)
22 Global Turboexpander Market Outlook, By Pharmaceutical Plants (2018-2027) ($MN) 
23 Global Turboexpander Market Outlook, By Other Applications (2018-2027) ($MN)  
24 Global Turboexpander Market Outlook, By Energy Generation from Waste Heat/ Gases (2018-2027) ($MN)
25 Global Turboexpander Market Outlook, By Geothermal (2018-2027) ($MN)  
26 Global Turboexpander Market Outlook, By End User (2018-2027) ($MN)   
27 Global Turboexpander Market Outlook, By Chemical & Petrochemical (2018-2027) ($MN) 
28 Global Turboexpander Market Outlook, By Heating, Ventilation, and Air Conditioning (HVAC) (2018-2027) ($MN)
29 Global Turboexpander Market Outlook, By Industrial (2018-2027) ($MN)   
30 Global Turboexpander Market Outlook, By Manufacturing (2018-2027) ($MN)  
31 Global Turboexpander Market Outlook, By Oil & Gas (2018-2027) ($MN)   
32 Global Turboexpander Market Outlook, By Power Generation (2018-2027) ($MN)  
33 Global Turboexpander Market Outlook, By Refrigeration Systems (2018-2027) ($MN) 
34 Global Turboexpander Market Outlook, By Energy Recovery (2018-2027) ($MN)  
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at info@strategymrc.com

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