Turbo expander is a machine, which continuously converts kinetic energy into mechanical energy. This is done by expanding the high pressure gas from upstream to a lower pressure downstream through the Expander. The high pressure gas causes the radial expander to rotate. Rotation is transmitted to the shaft, which is supported by a set of bearings. The power transmitted to the shaft can be used to drive a compressor, drive an electrical generator or can be dissipated through an oil brake or air brake. Turbo Expander is also referred to as a turbo-expander or an expansion turbine, is a centrifugal or axial flow turbine through which a high pressure gas is expanded to produce work that is often used to drive a compressor.
The global market for Axial Turbo Expander was estimated to be worth US$ 67 million in 2023 and is forecast to a readjusted size of US$ 98.7 million by 2030 with a CAGR of 5.9% during the forecast period 2024-2030
Turbo expanders play a critical role in processes involving cryogenic temperatures, such as natural gas processing, liquefied natural gas (LNG) production, and air separation units. The growth in energy and petrochemical industries has driven the demand for turbo expanders. With a growing focus on energy efficiency and sustainability, industries are looking for ways to recover and utilize waste energy. Turbo expanders are utilized to recover energy from high-pressure gas streams and convert it into mechanical power, which can then be used for other processes or electricity generation. The demand for turbo expanders is not limited to a specific region, and manufacturers are expanding their presence globally. Emerging markets with growing industrial sectors are becoming increasingly important for turbo expander sales. The turbo expander market has seen some consolidation as larger companies acquire or partner with smaller, specialized manufacturers. This can lead to increased technological capabilities and a broader range of offerings for customers.
Global Leading Market Research Publisher QYResearch announces the release of its latest report “Axial Turbo Expander - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”. Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Axial Turbo Expander market, including market size, share, demand, industry development status, and forecasts for the next few years.
The report provides advanced statistics and information on global market conditions and studies the strategic patterns adopted by renowned players across the globe. As the market is constantly changing, the report explores competition, supply and demand trends, as well as the key factors that contribute to its changing demands across many markets.
This information will help stakeholders make informed decisions and develop effective strategies for growth. The report's analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth. This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market's dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.
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Global Axial Turbo Expander Market: Driven factors and Restrictions factors
The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends, restraints, and drivers that influence the market positively or negatively. The report also outlines the potential impact of different segments and applications on the market in the future. The information presented is based on historical milestones and current trends, providing a detailed analysis of the production volume for each type from 2019 to 2030, as well as the production volume by region during the same period.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Axial Turbo Expander market is segmented as below:
By Company
Cryostar
Air Products
Atlas Copco
Hangyang Group
L.A. Turbine
Air Liquide
SASPG
HNEC
Turbogaz
Suzhou Xida
Hanwha
Beifang Asp
Jianyang Ruite
Segment by Type
Single-Stage
Multi-Stage
Segment by Application
Air Separation
Liquefied Natural Gas (Lng)
Petrochemical Processing
Waste Heat or Other Power Recovery
Others
Each chapter of the report provides detailed information for readers to further understand the Axial Turbo Expander market:
Chapter 1: Axial Turbo Expander Market Product Definition, Product Types, Sales Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2019 to 2024.
Chapter 2: Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Household Hazardous Waste Disposal, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Axial Turbo Expander industry.
Chapter 3: Axial Turbo Expander Market Historical (2019-2023) and forecast (2024-2030) sales and revenue analysis of Axial Turbo Expander in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4: Axial Turbo Expander Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2019 to 2024.
Chapter 5 to 9: Axial Turbo Expander Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10: Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Axial Turbo Expander introduction, etc. Axial Turbo Expander Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11: Industry Chain, including raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12: Market Channel, Distributors and Customers are listed.
Chapter 13: QYResearch’s Conclusions of Axial Turbo Expander market based on comprehensive survey.
Chapter 14: Methodology and Data Sources.
Table of Contents
1 Axial Turbo Expander Market Overview
1.1Axial Turbo Expander Product Overview
1.2 Axial Turbo Expander Market by Type
1.3 Global Axial Turbo Expander Market Size by Type
1.3.1 Global Axial Turbo Expander Market Size Overview by Type (2019-2030)
1.3.2 Global Axial Turbo Expander Historic Market Size Review by Type (2019-2024)
1.3.3 Global Axial Turbo Expander Forecasted Market Size by Type (2025-2030)
1.4 Key Regions Market Size by Type
1.4.1 North America Axial Turbo Expander Sales Breakdown by Type (2019-2024)
1.4.2 Europe Axial Turbo Expander Sales Breakdown by Type (2019-2024)
1.4.3 Asia-Pacific Axial Turbo Expander Sales Breakdown by Type (2019-2024)
1.4.4 Latin America Axial Turbo Expander Sales Breakdown by Type (2019-2024)
1.4.5 Middle East and Africa Axial Turbo Expander Sales Breakdown by Type (2019-2024)
2 Axial Turbo Expander Market Competition by Company
2.1 Global Top Players by Axial Turbo Expander Sales (2019-2024)
2.2 Global Top Players by Axial Turbo Expander Revenue (2019-2024)
2.3 Global Top Players by Axial Turbo Expander Price (2019-2024)
2.4 Global Top Manufacturers Axial Turbo Expander Manufacturing Base Distribution, Sales Area, Product Type
2.5 Axial Turbo Expander Market Competitive Situation and Trends
2.5.1 Axial Turbo Expander Market Concentration Rate (2019-2024)
2.5.2 Global 5 and 10 Largest Manufacturers by Axial Turbo Expander Sales and Revenue in 2023
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Axial Turbo Expander as of 2023)
2.7 Date of Key Manufacturers Enter into Axial Turbo Expander Market
2.8 Key Manufacturers Axial Turbo Expander Product Offered
2.9 Mergers & Acquisitions, Expansion
...
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