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Global Turboexpander Market Size, Trends, Analysis, Research: By Type: Radial Turboexpanders, Axial Turboexpanders, Radial-axial Turboexpanders; By Loading Device: Compressor, Generator, Hydraulic Brake; By Application; By Industry Vertical; Regional Analysis; Competitive Landscape: Industry Events and Developments; 2022-2027

Global Turboexpander Market Outlook

The global turboexpander market size stood at a value of around USD 0.93 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 4.90% to reach USD 1.24 billion by 2027.

 

Increasing Demand in the Industrial and Commercial Sectors to Augment the Global Turboexpander Industry

Compressors are gaining traction in various industrial and commercial segments which is propelling the growth of turboexpanders. The increasing demand for compressors in the construction industry to power drills and compactors is generating a significant demand for turboexpanders. Meanwhile, the heightened demand for compressors in the agricultural sector to facilitate farming operations is further propelling the segment’s growth. 

 

Some of the major uses of compressors include pressure washing, scuba diving, and oil rig operations in the oil and gas sector, which are anticipated to provide impetus to the segment in the forecast period. Meanwhile, the increasing demand for hydraulic breaks from passenger and commercial vehicles is a crucial driving factor of the segment as it is generating great demand for the turboexpander market. 

 

North America Occupies a Significant Market Share for Turboexpanders

The market in the North America region is being driven by the increasing investments in the shale exploration in the United States which is propelling the demand for turboexpanders. Over the forecast period, the anticipated increase in demand for natural gas in the region owing to the technological advancements in the industrial sector is likely to aid the turboexpander market. Moreover, the strong foothold of major manufacturers is anticipated to offer lucrative opportunities to the market in the coming years.  

 

Market Segmentation

A turboexpander is defined as an axial-flow turbine which enables high-pressure gases to expand in order to produce work. The produced work is used to drive a compressor. The temperature requirement of turboexpanders is low and it is widely used in the industrial sector as a refrigerant. The sizes of fully operational turboexpanders vary from 750 W to 7.5 MW. 

 

Based on type, the market can be segmented into:

  • Radial Turboexpanders
  • Axial Turboexpanders
  • Radial-axial Turboexpanders

 

By loading device, the turboexpander market has been divided into:

  • Compressor
  • Generator
  • Hydraulic Brake

 

On the basis of application, the market has been categorised into:

  • Oil and Gas Processing
  • Air Separation
  • Cryogenic Application
  • Others

 

The significant industry verticals included in the market are as follows:

  • Oil and Gas
  • Energy and Power
  • Manufacturing
  • Others

 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Applications in Industrial Gas Processes to Boost the Growth of the Turboexpander Industry

The increasing applications of turboexpanders in industrial gas processes, such as the separation of gases at low temperatures is driving the turboexpander market growth. A turboexpander is also a crucial component in ethylene production and ammonia purification. In addition to this, turboexpanders are used as refrigerating agents in the extraction process of natural gas. In this regard, the transition towards using clean energy sources in the industrial processing sector is likely to propel the demand for natural gas in the forecast period, thereby, boosting the turboexpanders market. 

 

Furthermore, the growing mergers and acquisitions by the key market players aimed towards manufacturing turboexpanders with increased efficiency, superior design are likely to lead to progressive product innovations in the coming years. Moreover, the market is anticipated to be aided by the increasing focus on maintenance services in turboexpanders facilities. 

 

Key Players in the Global Market for Turboexpanders

The report gives a detailed analysis of the following key players in the turboexpander market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • ZJ-Tibo
  • Atlas Copco AB
  • Rotoflow
  • Sapphire Technologies
  • R&D Dynamics Corporation
  • HAVAYAR Group
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Loading Device
  • Application
  • Industry Vertical
  • Region
Breakup by Type
  • Radial Turboexpanders
  • Axial Turboexpanders
  • Radial-axial Turboexpanders
Breakup by Loading Device
  • Compressor
  • Generator
  • Hydraulic Brake
Breakup by Application
  • Oil and Gas Processing
  • Air Separation
  • Cryogenic Application
  • Others
Breakup by Industry Vertical
  • Oil and Gas
  • Energy and Power
  • Manufacturing
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ZJ-Tibo
  • Atlas Copco AB
  • Rotoflow
  • Sapphire Technologies
  • R&D Dynamics Corporation
  • HAVAYAR Group
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Industry Opportunities and Challenges  
8    Global Turboexpander Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Turboexpander Historical Market (2017-2021) 
    8.3    Global Turboexpander Market Forecast (2022-2027)
    8.4    Global Turboexpander Market by Type
        8.4.1    Radial Turboexpanders
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Axial Turboexpanders
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Radial-axial Turboexpanders
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Turboexpander Market by Loading Device
        8.5.1    Compressor
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Generator
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Hydraulic Brake
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Turboexpander Market by Application
        8.6.1    Oil and Gas Processing
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Air Separation
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Cryogenic Application
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Turboexpander Market by Industry Vertical
        8.7.1    Oil and Gas
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Energy and Power
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Manufacturing
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Others
    8.8    Global Turboexpander Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    ZJ-Tibo
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Atlas Copco AB
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Rotoflow
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Sapphire Technologies
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    R&D Dynamics Corporation
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    HAVAYAR Group
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Industry Events and Developments


List of Key Figures and Tables

1.    Global Turboexpander Market: Key Industry Highlights, 2017 and 2027
2.    Global Turboexpander Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Turboexpander Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Turboexpander Historical Market: Breakup by Loading Device (USD Million), 2017-2021
5.    Global Turboexpander Market Forecast: Breakup by Loading Device (USD Million), 2022-2027
6.    Global Turboexpander Historical Market: Breakup by Application (USD Million), 2017-2021
7.    Global Turboexpander Market Forecast: Breakup by Application (USD Million), 2022-2027
8.    Global Turboexpander Historical Market: Breakup by Industry Vertical (USD Million), 2017-2021
9.    Global Turboexpander Market Forecast: Breakup by Industry Vertical (USD Million), 2022-2027
10.    Global Turboexpander Historical Market: Breakup by Region (USD Million), 2017-2021
11.    Global Turboexpander Market Forecast: Breakup by Region (USD Million), 2022-2027
12.    North America Turboexpander Historical Market: Breakup by Country (USD Million), 2017-2021
13.    North America Turboexpander Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Europe Turboexpander Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Europe Turboexpander Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Asia Pacific Turboexpander Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Asia Pacific Turboexpander Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Latin America Turboexpander Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Latin America Turboexpander Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Middle East and Africa Turboexpander Historical Market: Breakup by Country (USD Million), 2017-2021
21.    Middle East and Africa Turboexpander Market Forecast: Breakup by Country (USD Million), 2022-2027
22.    Global Turboexpander Market Structure.

Key Questions Answered in the Report

In 2021, the global turboexpanders market attained a value of nearly USD 0.93 billion.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 1.24 billion by 2027. 

The market is estimated to grow at a CAGR of 4.90% between 2022 and 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major market drivers include the increasing applications of the product in industrial gas processes, rising demand for natural gas, and rising demand for ammonia. 

The growing mergers and acquisitions bolstering the product innovations are likely to be the key trends in the market. 

Radial turboexpanders, axial turboexpanders, and radial-axial turboexpanders are the different segments based on type.

Compressor, generator, and hydraulic brake is the segmentation of market based on loading device.

Oil and gas processing, air separation, and cryogenic application, among others are the different applications considered in the market report. 

Oil and gas, energy and power, and manufacturing, among others are the major industry verticals included in the market report. 

The major players in the industry are ZJ-Tibo, Atlas Copco AB, Rotoflow, Sapphire Technologies, R&D Dynamics Corporation, and HAVAYAR Group, among others. 

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