Worldwide Turboexpander market is valued at 530 million US$ in 2018 is expected to reach 640 million US$ by the end of 2025, growing at a CAGR of 2.5% during 2019-2025 | Industry Leaders Covered | 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|
Turboexpander 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.
Asia Pacific is estimated to be the largest turboexpander market between 2018 and 2023. As per the BP Statistical Review of World Energy 2017, natural gas production increased from 490.6 billion cubic meters in 2010 to 579.9 billion cubic meters in 2016 in Asia Pacific, indicating a positive growth curve of the turboexpander market in this region. Factors, such as increasing investments in natural gas production plants are driving the Asia Pacific market for turboexpanders during the forecasted period.
The global Turboexpander market is valued at 530 million US$ in 2018 is expected to reach 640 million US$ by the end of 2025, growing at a CAGR of 2.5% during 2019-2025.
This report focuses on Turboexpander volume and value at global level, regional level and company level. From a global perspective, this report represents overall Turboexpander market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The report includes an in-depth analysis of the competitive landscape of this business vertical, constituting manufacturers like:
GE oil & gas
Market Segment by Regions includes:
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
By Industrial Application, the market can be split into:
Liquefaction of Gases
Global Turboexpander Market Research Report 2019 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2019 through 2025. Also, a five-year historic analysis is provided for these markets in this 86 pages report.
This market report provides in-depth analytics of the Turboexpander industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
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