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
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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
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ABB
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Additional Company Profiles
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Asia Oceania
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Borgwarner
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Bosch Mahle
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Continental AG
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Cummins
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Delphi Technologies
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Eaton
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Europe
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Fuyuan Turbocharger Co. Ltd.
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Honeywell
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Hunan Tyen Machinery Co. Ltd.
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IHI
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Kompressorenbau Bannewitz GmbH (KBB)
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Mitsubishi Heavy Industries
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Ningbo Motor Industrial Co. Ltd.
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North America
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Precision Turbo & Engine Inc.
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Rotomaster International
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Tel
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Turbo Dynamics Ltd.
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Turbo International
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Turbonetics Inc.
For more information about this report visit https://www.researchandmarkets.com/research/bkhvqv/the_global_market?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181003005431/en/
Copyright Business Wire 2018
Source: Business Wire
(October 3, 2018 - 7:30 AM EDT)
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