Turbo Expanders Market Forecast and Growth 2019–2027|Air Products & Chemicals, Atlas Copco, Cryostar, Man Energy Solutions, Baker Hughes
The “Turbo Expanders Market to 2027- by Loading Device (Compressor, Generator, and Oil Brake); Application (Hydrocarbon, Air Separation, and Others); and End-User (Oil & Gas, Power Generation, and Industrial) – Global Analysis and Forecast”. The scope of study involves understanding on the factors responsible for this growth of Turbo Expanders Market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant Turbo Expanders players in the market and their key developments.
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Major companies operating in the market include Air Products & Chemicals, Atlas Copco, Cryostar, Man Energy Solutions, Baker Hughes, Turbogaz, Honeywell International Inc., Elliott Group, R&D Dynamics Corporation, and ACD, LLC among others.
As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets. Partnership across the verticals and merger & acquisition are two of the noteworthy market trend seen in past years to grow and survive in this market. Various companies in the value chain are acquiring and entering into partnership with other players in the market to maintain their position in market and provide efficient solutions to their customers. Major market players of turbo expander market are based in North America, mainly US. However, the market is penetrating at high growth rate in APAC region.
In terms of revenue, the global Turbo Expanders Market is expected to grow to US$ 570.08 million by 2027 from US$ 302.05 million in 2017, growing at a CAGR of 6.7%.
The turbo expander market is expected to experience significant growth in the coming years due to the increasing demand in industries such as chemical, renewable energy production and other emerging applications, exhibiting substantial market growth. Power recovery or pressure let down and natural gas liquification processes are the largest application of the expander however, the growth of turbo expander in non-industrial applications such as power generation, refrigeration, and others is also rising owing to ongoing improvements in the technology resulting in penetration of the equipment in the market.
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The rapid and continued growth in the industrial refrigeration systems has serious economic and environmental consequences. With the increase of refrigeration units in use comes the corresponding increase in energy consumption and environmental impact. As turbo-expanders provide higher cooling efficiencies to the industrial refrigeration systems, these products are being increasingly adopted in various regions of the world. Oil & gas sector is also experiencing volatile demands in the recent times.
The report segments the global turbo expanders market as follows:
Global Turbo Expanders Market – By Loading Device
Compressor
Generator
Oil Brake
Global Turbo Expanders Market – By Application
Hydrocarbon
Air Separation
Others
Global Turbo Expanders Market – By End-User
Oil & Gas
Power Generation
Industrial
Global Turbo Expanders Market – By Geography
North America, U.S., Canada, Mexico, Europe, France, Germany, Italy, Spain , UK, Russia, Rest of Europe, Asia Pacific (APAC), China, India, Japan, South Korea, Rest of APAC, Middle East and Africa (MEA), South Africa, Middle East, Rest of MEA, South America (SAM), Brazil, Argentina, Rest of SAM
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Reason to Purchase :
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the turbo expander market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to segmentations like loading device, application, and end user.
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