October 3, 2018 - 7:30 AM EDT
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The Global Market for Turboexpanders to 2023: A $391 Million Opportunity, Led by Atlas Copco, BHGE, Cryostar, Air Products & Chemicals, and LA Turbine - ResearchAndMarkets.com


The global turboexpander market is expected to reach USD 390.8 Million by 2023 from USD 290.6 Million in 2018, at a CAGR of 6.61% during the forecast period.
This market growth can be attributed to increasing share of natural gas in primary energy consumption and increasing focus of end users such as the manufacturing and oil & gas industries on energy efficiency. Increasing production of natural gas is expected to create the demand for turboexpander in hydrocarbon applications. So, rising natural gas production is expected to boost the demand for turboexpanders. However, high initial costs of small-scale installations could act as a restraint for the turboexpander market.
Leading players in the turboexpander market are Atlas Copco (Sweden), BHGE (US), Cryostar (France), Air Products and Chemicals (US), and L.A. Turbine (US). Signing contracts and agreements was the most commonly adopted strategy by top players, followed by investments and expansions and mergers and acquisitions.
Key Highlights
  • By loading device, the compressor segment is expected to hold the largest market share (by value) by 2023.
  • By application, the hydrocarbon segment is expected to dominate the turboexpander market (by value) by 2023.
  • By end user, the oil & gas segment is expected to hold the largest market share (by value) during the forecast period.
  • By region, Asia Pacific is estimated to be the largest turboexpander market between 2018 and 2023.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Automotive Turbocharger Market, Premium Insights

5 Market Overview

6 Automotive Turbocharger Market, By Vehicle Type

7 Automotive Turbocharger Oe Market, By Fuel Type

8 Automotive Turbocharger Market, By Technology

9 Automotive Turbocharger Marker, By Material

10 Automotive Turbocharger Market, By Hybrid & Plug in Hybrid Vehicle

11 Off-Highway Turbocharger Market, By Application

12 Automotive Turbocharger Aftermarket, By Vehicle Type

13 Automotive Turbocharger Market, By Region

14 Competitive Landscape

15 Company Profiles

  • ABB
  • Additional Company Profiles
  • Asia Oceania
  • Borgwarner
  • Bosch Mahle
  • Continental AG
  • Cummins
  • Delphi Technologies
  • Eaton
  • Europe
  • Fuyuan Turbocharger Co. Ltd.
  • Honeywell
  • Hunan Tyen Machinery Co. Ltd.
  • IHI
  • Kompressorenbau Bannewitz GmbH (KBB)
  • Mitsubishi Heavy Industries
  • Ningbo Motor Industrial Co. Ltd.
  • North America
  • Precision Turbo & Engine Inc.
  • Rotomaster International
  • Tel
  • Turbo Dynamics Ltd.
  • Turbo International
  • Turbonetics Inc.

For more information about this report visit https://www.researchandmarkets.com/research/bkhvqv/the_global_market?w=4

Laura Wood, Senior Manager
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Related Topics: Compressors

Source: Business Wire (October 3, 2018 - 7:30 AM EDT)

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