Turboexpander Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2022-2028.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the turboexpander market include Atlas Copco AB, Air Products Inc. (Rotoflow), Air Liquide (formerly Nikkiso Cryogenic Industries), Baker Hughes Company, L.A. Turbine (Chart Industries), Cryostar SAS (Linde Plc), R&D Dynamics Corporation, Elliott Group (EBARA Corporation), Siemens Energy (Siemens AG), Man Energy, PBS Group, a.s, Turbogaz. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The growing demand for natural gas in industries and the residential sector is becoming the main growth factor for this market. Moreover, ongoing bearing technological advancements and increased demand for active magnetic bearings (AMB) in turboexpanders are likely to scale up the market revenues of turboexpander in the coming years. Also, increased industry awareness of the need to reduce greenhouse gas (GHG) emissions would drive demand for turboexpanders in geothermal and heat recovery applications even further. Furthermore, increasing usage of natural gas for meeting the needs of a power supply is expected to drive the global turboexpander market. Additionally, growing industrialization and investment in end-user industries such as power generation and oil & gas are expected to drive turboexpander market growth. However, the high initial cost of turboexpander may hamper the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of turboexpander. The growth and trends of turboexpander industry provide a holistic approach to this study.
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Market Segmentation
This section of the turboexpander market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Axial Flow
- Radial Flow
By Loading Device
- Compressor
- Generator
- Hydraulic/Oil-Brake
By Power Capacity
- Less Than 1 MW
- 1Mw - 4 MW
- 5Mw - 9MW
- 10Mw - 19MW
- 20Mw - 24 MW
- 25 Mw - 40 MW
- Above 40 MW
By Application
- Air Separation
- Oil & Gas Processing
- Cryogenic Application
- Others
By End-Use
- Oil & Gas
- Energy & Power
- Chemical & Petrochemicals
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Turboexpander market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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