Global Turbo Expander Market Insights, Forecast to 2025

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.

The Turbo Expander market was valued at 520 Million US$ in 2018 and is projected to reach 650 Million US$ by 2025, at a CAGR of 2.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Turbo Expander.

This report presents the worldwide Turbo Expander market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The following manufacturers are covered in this report:
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

Turbo Expander Breakdown Data by Type
Radial-Axial Turbo Expander
Radial Turbo Expander
Axial Turbo Expander
Turbo Expander Breakdown Data by Application
Air separation
Liquefied Natural Gas(LNG)
Petrochemical processing
Waste heat or other power recovery
Others

Turbo Expander Production by Region
United States
Europe
China
Japan
Other Regions

Turbo Expander Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Turbo Expander status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Turbo Expander manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Turbo Expander :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Turbo Expander market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Frequently Asked Questions