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Turbo Expanders Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global turbo expanders market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Turbo expanders are centrifugal or axial flow turbines through which a high-pressure gas drives a generator or compressor. They are widely utilized in the gas supply chain, energy recovery, and power generation during natural gas processing and petrochemical applications. They are also used in industrial processes to produce refrigerants for the liquefaction of gases, such as oxygen, nitrogen, and helium. Presently, several manufacturers are offering turbo expanders incorporated with computer-aided tools, such as finite-element analyses (FEA), computer numerical control (CNC) machining, and computational fluid dynamics (CFD). These turbo expanders offer enhanced design and key features, such as compressor stage, maximized efficiency, and improved reliability.

Turbo Expanders Market Trends:

In oil and gas facilities, turbo expander systems are extensively utilized in dew-point control (DPC), nitrogen rejection, pressure let-down, and fluid catalytic cracking (FCC). They optimize power generation potential and efficiency and facilitate the production of natural gas liquids (NGL) by removing ethane and heavy hydrocarbons like gasoline blends from natural gas. This, in confluence with surging energy needs and rapid rise in the installation of turbo expanders in offshore oil production sites, represents one of the key factors fueling the market growth. Apart from this, leading manufacturers are using sophisticated techniques to develop modern multilink turbo expanders that can adjust inlet guide vanes (IGVs) for precision flow control and minimal actuating forces. Furthermore, due to a shift in consumer preferences towards carbon-neutrality and economic efficiency, these manufacturers are offering customized products for complex industrial processes, which is driving the market. These products can be used in a broad range of applications, such as nitric acid, terephthalic acid, gasification, and blast furnace top gas recovery plants.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global turbo expanders market report, along with forecasts at the global, regional and country-level from 2021-2026. Our report has categorized the market based on loading devices, application, and end-use industry.

Breakup by Loading Devices:

  • Compressor
  • Generator
  • Hydraulic Brake
     

Breakup by Application:

  • Hydrocarbon Turboexpanders
  • Air Separation Turboexpanders
  • Others
     

Breakup by End Use Industry:

  • Oil and Gas
  • Power Generation
  • Energy Recovery
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Products & Chemicals.Inc, Atlas Copco, Baker Hughes Company (General Electric Company), Blair Engineering, Elliott Group (Ebara Corporation), HangZhou Oxygen Plant Group, LA Turbine (Chart Industries Inc.), PBS Group a. s., R&D Dynamics Corporation, Sichuan Air Separation Plant (Group) Co. Ltd., Suzhou Sida Cryogenic Equipment Co. Ltd. and Turbogaz.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Loading Devices, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Air Products & Chemicals.Inc, Atlas Copco, Baker Hughes Company (General Electric Company), Blair Engineering, Elliott Group (Ebara Corporation), HangZhou Oxygen Plant Group, LA Turbine (Chart Industries Inc.), PBS Group a. s., R&D Dynamics Corporation, Sichuan Air Separation Plant (Group) Co. Ltd., Suzhou Sida Cryogenic Equipment Co. Ltd. and Turbogaz.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global turbo expanders market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global turbo expanders market?
  • What are the key regional markets?
  • What is the breakup of the market based on the loading devices?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global turbo expanders market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Turbo Expanders Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Loading Devices
    6.1    Compressor
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Generator
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Hydraulic Brake
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Hydrocarbon Turboexpanders
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Air Separation Turboexpanders
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Oil and Gas
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Power Generation
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Energy Recovery
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Air Products & Chemicals.Inc
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Atlas Copco
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Baker Hughes Company (General Electric Company)
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Blair Engineering
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Elliott Group (Ebara Corporation)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    HangZhou Oxygen Plant Group
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
        14.3.7    LA Turbine (Chart Industries Inc.)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    PBS Group a. s.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    R&D Dynamics Corporation
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Sichuan Air Separation Plant (Group) Co. Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Suzhou Sida Cryogenic Equipment Co. Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Turbogaz 
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Turbo Expanders Market: Major Drivers and Challenges
Figure 2: Global: Turbo Expanders Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Turbo Expanders Market: Breakup by Loading Devices (in %), 2020
Figure 5: Global: Turbo Expanders Market: Breakup by Application (in %), 2020
Figure 6: Global: Turbo Expanders Market: Breakup by End Use Industry (in %), 2020
Figure 7: Global: Turbo Expanders Market: Breakup by Region (in %), 2020
Figure 8: Global: Turbo Expanders (Compressor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Turbo Expanders (Compressor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Turbo Expanders (Generator) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Turbo Expanders (Generator) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Turbo Expanders (Hydraulic Brake) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Turbo Expanders (Hydraulic Brake) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Turbo Expanders (Hydrocarbon Turboexpanders) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Turbo Expanders (Hydrocarbon Turboexpanders) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Turbo Expanders (Air Separation Turboexpanders) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Turbo Expanders (Air Separation Turboexpanders) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Turbo Expanders (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Turbo Expanders (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Turbo Expanders (Oil and Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Turbo Expanders (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Turbo Expanders (Power Generation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Turbo Expanders (Power Generation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Turbo Expanders (Energy Recovery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Turbo Expanders (Energy Recovery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Turbo Expanders (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Turbo Expanders (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: North America: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: United States: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: United States: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Canada: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Canada: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Asia-Pacific: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Asia-Pacific: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: China: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: China: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Japan: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Japan: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: India: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: India: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: South Korea: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: South Korea: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Australia: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Australia: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Indonesia: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Indonesia: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Others: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Others: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Europe: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Europe: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Germany: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Germany: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: France: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: France: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: United Kingdom: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: United Kingdom: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Italy: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Italy: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Spain: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Spain: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Russia: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Russia: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Others: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Others: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Latin America: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Latin America: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Brazil: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Brazil: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Mexico: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Mexico: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Middle East and Africa: Turbo Expanders Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Middle East and Africa: Turbo Expanders Market: Breakup by Country (in %), 2020
Figure 76: Middle East and Africa: Turbo Expanders Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Global: Turbo Expanders Industry: SWOT Analysis
Figure 78: Global: Turbo Expanders Industry: Value Chain Analysis
Figure 79: Global: Turbo Expanders Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Turbo Expanders Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Turbo Expanders Market Forecast: Breakup by Loading Devices (in Million US$), 2021-2026
Table 3: Global: Turbo Expanders Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Turbo Expanders Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 5: Global: Turbo Expanders Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Turbo Expanders Market: Competitive Structure
Table 7: Global: Turbo Expanders Market: Key Players

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