Turboexpander Market Research Report – Forecast to 2027

Turboexpander Market Research Report : Information by Loading Device (Compressor, Generator and Oil Break), Application (Hydrocarbon, and Air Separation), End-use (Oil & Gas, Manufacturing, and Power Generation) and Regions - Forecast till 2027

ID: MRFR/E&P/4996-HCR | February, 2021 | Region : Global

Turboexpander Market Scenario


Turboexpander market is expected to expand at ~7.23% CAGR during the forecast period.


Several innovations are underway in the turboexpander market, for instance Atlas Copco has developed turboexpanders of various types including compressor loaded, generator loaded and hydraulic brake-loaded. Major applications of turboexpanders include reliquification of LNG, cooling and compressing of LNG, generation of energy from excess gases in fertilization process.


Key Players


The key players of global turboexpanders market are Atlas Corpo (Sweden), Baker Huges a GE company (US), Cyrostar (France), Air Products & Chemicals.Inc (US), L.A. Turbine (US), Honeywell (US), Man Energy Solutions (Germany), Siemens (Germany), ACD LLC (Switzerland), Elliot Group (US), R&D Dynamics Corporation (US), Turbogaz (Ukraine).


Demand for natural gas is growing worldwide because of its lower carbon footprint in comparison to other conventional fossil fuels. Major economies such as India have taken numerous initiatives to increase the use of LNG specially is rural areas, where firewood has been the fuel of choice. This has helped the country move towards energy efficiency. The Indian government is working with various organizations to increase the use of LNG, leading to the growing demand for LNG in the country. As per BP statistical data 2018, the US is the largest consumer of natural gas in the country accounting for 20.1% of the global natural gas consumption. There has been an average growth in per capita use of natural gas in the US, per annum from 2006 to 2016 is 2.5%, which is further expected to grow during the forecast period. All these factors will be the major factors driving the global turboexpanders market during the forecast period. The increasing need for energy efficiency is another major driver for the global turboexpander market. As per industry specialists, natural gas is the most efficient fossil fuel as more than 80% of the energy content in natural gas can be utilized to produce energy.


Turboexpanders are very efficient in the production of cryogenic liquids, the growing demand for which is expected to drive the turboexpander market during the forecast period. However, the major restraint for the turboexpander market is the high initial cost involved. Turboexpander market has been segmented on the basis of loading device type, application, end-use industry, and region. Based on loading device type, the market is classified as compressor, generator, and oil break. Among these, compressor segment is expected to dominate the market because of the products increasing utilization in the processing of LNG. Based on application, turboexpander market is further segmented into hydrocarbon, air separation, generation of energy from waste gases and others. Here, other applications include geothermal and pressure letdown. In this segment, hydrocarbon dominates the market as turboexpanders are being widely used in LNG production, ethane recovery, NGL recovery and dew point control. Based on end-use, the turboexpander market is segmented as oil and gas, power generation, and manufacturing. Oil and gas segment is expected to have the major share of the market during the forecast period on account of the increased production and consumption of LPG and LNG.


Turboexpander market players are expected to consider innovation as one of the strategic developments during the forecast period due to the increased demand for efficient production systems and the need for extraction of more energy content. Asia-Pacific is estimated to have the highest demand for turboexpanders during the forecast period due to the increase in use of natural gas.


Market Segmentation


turboexpander market


Global Turboexpander Market


Global turboexpander market is estimated to witness phenomenal growth during the forecast period due to the increase in demand for energy efficient production of natural gases. North America has been the largest producer and consumer of natural gas products for the last decade and is expected to retain the position during the forecast period. North America will be a major market for turboexpanders manufactures, with higher emphasis on innovative manufacturers. Russia is the second largest consumer of natural gases, following the US, and is expected to remain a major market for turboexpanders. Asia-Pacific region is expected to be the largest market for turboexpanders during the forecast period because of the increase in the demand for natural gas products in the region.


The turboexpander is a combination of an expander and a compressor in a single unit, where the expansion unit drives the compression unit, and both are attached on a single shaft. Turboexpanders convert kinetic energy into mechanical energy by passing pressurized and expanded gases through  turbines. Turboexpanders are mostly used in cryogenic applications including petrochemical, natural gas and air separation industries. Most industries use turboexpanders to achieve improved isentropic efficiency leading to higher productivity.

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model


3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis


4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends


5 Global Turboexpanders Market, By Loading Device

5.1 Introduction

5.2 Compressor

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Generator

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Oil Break

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Turboexpanders Market, By Application

6.1 Introduction

6.2 Hydrocarbon

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Air Separation

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 Generation of Energy from Waste Gases

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

6.5 Others

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Turboexpanders Market, By End-Use

7.1 Introduction

7.2 Manufacturing

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Power Generation

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Oil & Gas

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Turboexpanders Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.2.3 Market Estimates & Forecast by Application Type, 2020-2027

8.2.4 Market Estimates & Forecast by End-Use, 2020-2027

8.2.5 US

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.2.5.3 Market Estimates & Forecast by Application Type, 2020-2027

8.2.5.4 Market Estimates & Forecast by End-Use, 2020-2027

8.2.6 Canada

8.2.6.1 Market Estimates & Forecast, 2020-2027

8.2.6.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.2.6.3 Market Estimates & Forecast by Application Type, 2020-2027

8.2.6.4 Market Estimates & Forecast by End-Use, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.3.3 Market Estimates & Forecast by Application Type, 2020-2027

8.3.4 Market Estimates & Forecast by End-Use, 2020-2027

8.3.5 UK

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.3.5.3 Market Estimates & Forecast by Application Type, 2020-2027

8.3.5.4 Market Estimates & Forecast by End-Use, 2020-2027

8.3.6 Germany

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.3.6.3 Market Estimates & Forecast by Application Type, 2020-2027

8.3.6.4 Market Estimates & Forecast by End-Use, 2020-2027

8.3.7 France

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.3.7.3 Market Estimates & Forecast by Application Type, 2020-2027

8.3.7.4 Market Estimates & Forecast by End-Use, 2020-2027

8.3.8 Italy

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.3.8.3 Market Estimates & Forecast by Application Type, 2020-2027

8.3.8.4 Market Estimates & Forecast by End-Use, 2020-2027

8.3.9 Rest of Europe

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.3.9.3 Market Estimates & Forecast by Application Type, 2020-2027

8.3.9.4 Market Estimates & Forecast by End-Use, 2020-2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.4.3 Market Estimates & Forecast by Application Type, 2020-2027

8.4.4 Market Estimates & Forecast by End-Use, 2020-2027

8.4.5 China

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.4.5.3 Market Estimates & Forecast by Application Type, 2020-2027

8.4.5.4 Market Estimates & Forecast by End-Use, 2020-2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.4.6.3 Market Estimates & Forecast by Application Type, 2020-2027

8.4.6.4 Market Estimates & Forecast by End-Use, 2020-2027

8.4.7 India

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.4.7.3 Market Estimates & Forecast by Application Type, 2020-2027

8.4.7.4 Market Estimates & Forecast by End-Use, 2020-2027

8.4.8 Rest of Asia-Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.4.8.3 Market Estimates & Forecast by Application Type, 2020-2027

8.4.8.4 Market Estimates & Forecast by End-Use, 2020-2027

8.5 Rest of the World

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Loading Device, 2020-2027

8.5.3 Market Estimates & Forecast by Application Type, 2020-2027

8.5.4 Market Estimates & Forecast by End-Use, 2020-2027

9 Competitive Landscape


10 Company Profile

10.1 Atlas Corpo (Sweden)

10.1.1 Company Overview

10.1.2 Product/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 Baker Huges a GE company (US)

10.2.1 Company Overview

10.2.2 Product /Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 Air Products & Chemicals.Inc (US)

10.3.1 Company Overview

10.3.2 Product /Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 L.A. Turbine (US)

10.4.1 Company Overview

10.4.2 Product /Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 Honeywell (US)

10.5.1 Company Overview

10.5.2 Product /Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 Man Energy Solutions (Germany)

10.6.1 Company Overview

10.6.2 Product /Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 Siemens (Germany)

10.7.1 Company Overview

10.7.2 Product /Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 ACD LLC (Switzerland)

10.8.1 Company Overview

10.8.2 Product /Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

10.9 Elliot Group (US)

10.9.1 Company Overview

10.9.2 Product /Services Offering

10.9.3 Financial Overview

10.9.4 Key Developments

10.9.5 Strategy

10.9.6 SWOT Analysis

10.10 R&D Dynamics Corporation (US)

10.10.1 Company Overview

10.10.2 Product /Services Offering

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Strategy

10.10.6 SWOT Analysis

10.11 Turbogaz (Ukraine)

10.11.1 Company Overview

10.11.2 Product /Services Offering

10.11.3 Financial Overview

10.11.4 Key Developments

10.11.5 Strategy

10.11.6 SWOT Analysis


List of Tables

Table 1 Global Microbial Enhanced Oil Recovery Market: By Region, 2020-2027

Table 2 North America Microbial Enhanced Oil Recovery Market: By Country, 2020-2027

Table 3 Europe Microbial Enhanced Oil Recovery Market: By Country, 2020-2027

Table 4 Asia-Pacific Microbial Enhanced Oil Recovery Market: By Country, 2020-2027

Table 5 RoW Microbial Enhanced Oil Recovery Market: By Country, 2020-2027

Table 6 Global Microbial Enhanced Oil Recovery Market by Applications Market: By Regions, 2020-2027

Table 7 North America Microbial Enhanced Oil Recovery Market by Applications: By Country, 2020-2027

Table 8 Europe Microbial Enhanced Oil Recovery Market by Applications: By Country, 2020-2027

Table 9 Asia-Pacific Microbial Enhanced Oil Recovery Market by Applications: By Country, 2020-2027

Table 10 RoW Microbial Enhanced Oil Recovery Market by Applications: By Country, 2020-2027

Table 11 Global Microbial Enhanced Oil Recovery Market, by Bacterial Injection, By Regions, 2020-2027

Table 12 North America Microbial Enhanced Oil Recovery Market, by Bacterial Injection, By Country, 2020-2027

Table 13 Europe Microbial Enhanced Oil Recovery Market, by Bacterial Injection, By Country, 2020-2027

Table 14 Asia-Pacific Microbial Enhanced Oil Recovery Market, by Bacterial Injection, By Country, 2020-2027

Table 15 RoW Microbial Enhanced Oil Recovery Market, by Bacterial Injection, By Country, 2020-2027

Table 16 Global Microbial Enhanced Oil Recovery Market, by Well Types, By Regions, 2020-2027

Table 17 North America Microbial Enhanced Oil Recovery Market, by Well Types, By Country, 2020-2027

Table 18 Europe Microbial Enhanced Oil Recovery Market, by Well Types, By Country, 2020-2027

Table 19 Asia-Pacific Microbial Enhanced Oil Recovery Market, by Well Types, By Country, 2020-2027

Table 20 RoW Microbial Enhanced Oil Recovery Market, by Well Types, By Country, 2020-2027

Table 21 Global Microbial Enhanced Oil Recovery Market: By Region, 2020-2027

Table 22 Global Microbial Enhanced Oil Recovery Market: By Region, 2020-2027

Table 23 Global Microbial Enhanced Oil Recovery Market: By Region, 2020-2027

Table 24 North America Microbial Enhanced Oil Recovery Market, By Country

Table 25 North America Microbial Enhanced Oil Recovery Market, by Applications

Table 26 North America Microbial Enhanced Oil Recovery Market, By Bacterial Injection

Table 27 North America Microbial Enhanced Oil Recovery Market, By Well Types

Table 28 Europe: Microbial Enhanced Oil Recovery Market, By Country

Table 29 Europe: Microbial Enhanced Oil Recovery Market, by Applications

Table 30 Europe: Microbial Enhanced Oil Recovery Market, By Bacterial Injection

Table 31 Europe: Microbial Enhanced Oil Recovery Market, By Well Types

Table 32 Europe: Microbial Enhanced Oil Recovery Market, By Well Types

Table 33 Asia-Pacific: Microbial Enhanced Oil Recovery Market, By Country

Table 34 Asia-Pacific: Microbial Enhanced Oil Recovery Market, by Applications

Table 35 Asia-Pacific: Microbial Enhanced Oil Recovery Market, By Bacterial Injection

Table 36 Asia-Pacific: Microbial Enhanced Oil Recovery Market, By Well Types

Table 37 RoW: Microbial Enhanced Oil Recovery Market, By Region

Table 38 RoW Microbial Enhanced Oil Recovery Market, by Applications

Table 39 RoW Microbial Enhanced Oil Recovery Market, By Bacterial Injection

Table 40 RoW Microbial Enhanced Oil Recovery Market, By Well Types




List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL MICROBIAL ENHANCED OIL RECOVERY MARKET SHARE, BY END-USE, 2020 (%)

FIGURE 9 GLOBAL MICROBIAL ENHANCED OIL RECOVERY MARKET, BY END-USE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL MICROBIAL ENHANCED OIL RECOVERY MARKETSHARE, BY BACTERIAL INJECTION, 2020 (%)

FIGURE 11 GLOBAL MICROBIAL ENHANCED OIL RECOVERY MARKET, BY BACTERIAL INJECTION, 2020-2027 (USD MILLION)

FIGURE 12 GLOBAL MICROBIAL ENHANCED OIL RECOVERY MARKET SHARE (%), BY REGION, 2020

FIGURE 13 GLOBAL MICROBIAL ENHANCED OIL RECOVERY MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 14 NORTH AMERICA MICROBIAL ENHANCED OIL RECOVERY MARKETSHARE (%), 2020

FIGURE 15 NORTH AMERICA MICROBIAL ENHANCED OIL RECOVERY MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 EUROPE MICROBIAL ENHANCED OIL RECOVERY MARKETSHARE (%), 2020

FIGURE 17 EUROPE MICROBIAL ENHANCED OIL RECOVERY MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 ASIA PACIFIC MICROBIAL ENHANCED OIL RECOVERY MARKETSHARE (%), 2020

FIGURE 19 ASIA PACIFIC MICROBIAL ENHANCED OIL RECOVERY MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 20 REST OF THE WORLD MICROBIAL ENHANCED OIL RECOVERY MARKETSHARE (%), 2020

FIGURE 21 REST OF THE WORLD MICROBIAL ENHANCED OIL RECOVERY MARKETBY COUNTRY, 2020-2027 (USD MILLION)

Turboexpander Market