Worldwide Turboexpander market is valued at 530 million US$ in 2018 & will exceed sales of 640 million US$ by the end of 2025, growing at a CAGR of 2.5% during 2019-2025 | Global Top Players are: 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|

Worldwide Turboexpander market is valued at 530 million US$ in 2018 & will exceed sales of 640 million US$ by the end of 2025, growing at a CAGR of 2.5% during 2019-2025 | Global Top Players are: 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|

Press Release

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:
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

Market Segment by Regions includes:
North America
Europe
China
Japan

Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
Radial Turboexpander
Axial Turboexpander
Radial-Axial Turboexpander

By Industrial Application, the market can be split into:
Liquefaction of Gases
Power Generation

Market Segment by Regions includes:

  • North America (the USA, Canada, and Mexico)
  • Europe (Germany, France, UK, Russia, and Italy)
  • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
  • South America
  • Middle East and Africa.

Browse contents of Global Turboexpander Market Research Report 2019

Contacts

Trusted Business Insights
Joseph Anthony Jones
Senior Media & Marketing Executive
US: +1 646 568 9797
UK: +44 330 808 0580

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,