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Turboexpander Market by Loading Device, Application, End-User And Region - Global Forecast to 2023

Turboexpander Market: Global Forecast until 2023

  • June 2018
  • 122 pages
  • ID: 5437161
In this report:
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The turboexpander market is estimated to rise at a compound annual growth rate of ~6.1 percent between 2018 and 2023

The turboexpander market is estimated to grow $390.80M by 2023 from ~USD 290.6 million in 2018, at a compound annual growth rate (CAGR) of ~6.6 percent. This increase can be accredited to the growing share of natural gas in primary energy consumption and rising focus on energy efficiency. Natural gas is a main fuel in the electric power and industrial market as a result of its fuel efficiency. Therefore, increasing natural gas production is creating demand for turboexpanders in hydrocarbon applications. Nevertheless, high initial costs engaged in small-scale installations can hinder the increase of this market.

The hydrocarbon segment is forecasted to dominate the turboexpander market between 2018 and 2023

The hydrocarbon segment held the most important share of the turboexpander market in 2017, and is forecasted to hold the biggest share during the outlook period.Hydrocarbon turboexpanders are relatively big in size and delivers power output ranging between 1,600 kW and 20,000 kW.

Hydrocarbon applications includes liquefaction of petroleum gases, liquefaction of natural gases, dew point control, FPSO LNG, regasification, and nitrogen rejection. Growing natural gas production by main oil and gas economies including North America and Middle East area is predicted to push the hydrocarbon turboexpander market during the estimate period.

Asia Pacific (APAC): the quickest developing market for turboexpanders

Asia-Pac (APAC) is anticipated to be the biggest market for turboexpanders in 2023, forecasted to grow at the highest compound annual growth rate (CAGR) during the outlook period.China (CN) recorded for the biggest share of the turboexpander market in APAC in 2017.

Countries including China (CN) and India (IN) are driving the turboexpander market in Asia-Pac.These countries are focusing on rising natural gas production and are investing in refineries.

Natural gas production and consumption levels are set to growth in China (CN), owing to increasing demands for turboexpanders. Furthermore, Indian Oil Corp. plans to invest $10.40M (INR 70,000 crore) in India (IN) to rise its oil refining capacity from 80.7 million tonnes per annum to 116.55 MTPA by 2030. All these factors are forecast to steer the rise of the turboexpander market in Asia Pacific (APAC).

Key players' distribution profiles:

Comprehensive interviews have been managed with several top industry experts, subject-matter experts, C-suite executives of key industry players, and industry consultants to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 55.0 percent, Tier 2 9.0 percent, and Tier 3 36.0 percent

• By Description: C-Level- 9.0 percent, Managerial Level- 18.0 percent, and Others- 73.0 percent

• By Area: Asia Pacific- 82.0 percent, EU- 9.0 percent, and Middle East (ME) & African continent - 9.0 percent

Note: Others includes product engineers, product specialists, and engineering lead.

Company tiers are defined on the basis of each company's total revenues; as of 2017: Tier 1 = >USD 10 billion, Tier 2 = From $1.0B to $10.0B, and Tier 3 =

The key players in the turboexpander market contain Atlas Copco, BHGE, Cryostar, Air Products and Chemicals Inc (NYSE:APD) and Chemicals, and L.A. Turbine.

Segment Research

The analysis defines, depicts, and forecasts the overall turboexpander market by loading device, application, end-user, and area.It also provides a in-depth qualitative and quantitative analysis of this market.

The market research offers a comprehensive view of the main market drivers, industry restraints, possibilities, and opportunities.It also includes different important aspects of the market.

These include an review of the competitive landscape, market forces, industry estimates in terms of value importance and quantity, and next trends in the turboexpander market.

Why acquire this analysis?

1. This market report determines and addresses main markets for turboexpanders; this will be helpful for manufacturers wanting to assess demand increase.

2. This business report benefits system providers comprehend the pulse of the turboexpander market and offers business insights into drivers, market restraints, alternatives, and opportunities for the same.

3. This industry report will facilitate top players have a better understanding of strategies of their players and in making tactical conclusions.

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