Turbo Expanders Market Report 2021: Global Industry Overview, Size, Share, Trends, Growth and Forecast Till 2026

 According to the latest report by IMARC Group, titled “Turbo Expanders Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, 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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Turbo expanders refer to the centrifugal or axial flow turbines using which a high-pressure gas drives a generator or compressor. They are extensively utilized in the gas supply chain, energy recovery, power generation, etc., during natural gas processing and petrochemical applications. Turbo expanders are also employed in industrial processes to produce refrigerants for the liquefaction of various gases, such as nitrogen, oxygen, helium, etc. Furthermore, these turbines can be incorporated with different computer-aided tools, including finite-element analyses (FEA), computational fluid dynamics (CFD), computer numerical control (CNC) machining, etc., to offer enhanced design and various key features, such as compressor stage, maximized efficiency, improved reliability, etc.

The widespread utilization of these systems in oil and gas facilities for dew-point control (DPC), pressure let-down, nitrogen rejection, fluid catalytic cracking (FCC), etc., is a primary factor catalyzing the turbo expanders market. In line with this, the increasing application of these turbines to optimize power generation efficiency and potential and remove ethane and heavy hydrocarbons, including gasoline blends, from natural gas to facilitate the production of natural gas liquids (NGL) is further augmenting the global market. Moreover, the rising energy requirements in offshore oil production sites are also propelling the product demand. Apart from this, numerous leading manufacturers are adopting sophisticated techniques to develop modern multilink turbo expanders that can adjust inlet guide vanes (IGVs) for precision flow control and minimal actuating forces. This is expected to fuel the turbo expanders market in the coming years.

Turbo Expanders Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global turbo expanders market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 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.
• Turbogaz

Key Market Segmentation:

The report has segmented the global turbo expanders market on the basis of loading devices, application, end use industry and region.

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
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/turbo-expanders-market

Key highlights of the report:            

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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