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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; 2024-2032
Turboexpander Market Growth
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.
Turboexpander Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 (2018-2023)
8.3 Global Turboexpander Market Forecast (2024-2032)
8.4 Global Turboexpander Market by Type
8.4.1 Radial Turboexpanders
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Axial Turboexpanders
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Radial-axial Turboexpanders
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Turboexpander Market by Loading Device
8.5.1 Compressor
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Generator
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Hydraulic Brake
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Air Separation
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Cryogenic Application
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Energy and Power
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Manufacturing
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
9.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.5.2 Forecast Trend (2024-2032)
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, 2018 and 2032
2. Global Turboexpander Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Turboexpander Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Turboexpander Historical Market: Breakup by Loading Device (USD Million), 2018-2023
5. Global Turboexpander Market Forecast: Breakup by Loading Device (USD Million), 2024-2032
6. Global Turboexpander Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Turboexpander Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Turboexpander Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
9. Global Turboexpander Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
10. Global Turboexpander Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Turboexpander Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Turboexpander Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Turboexpander Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Turboexpander Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Turboexpander Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Turboexpander Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Turboexpander Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Turboexpander Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Turboexpander Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Turboexpander Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Turboexpander Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Turboexpander Market Structure.
Key Questions Answered in the Report
In 2023, the global turboexpanders market attained a value of nearly USD 1.02 billion.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.58 billion by 2032.
The market is estimated to grow at a CAGR of 4.90% between 2024 and 2032.
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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