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ターボエキスパンダー市場ー業界洞察、主要プレーヤー・企業別、成長機会別、最新傾向別、開発別、主要な成長ドライバー別、主要な課題別によってセグメンテーション、予測 2023年


[ 英語タイトル ] Turboexpander Market by Loading Device (Compressor, Generator, and Oil Break), Application (Air Separation, and Hydrocarbon), End-User (Manufacturing, Oil & Gas, and Power Generation), and Region - Global Forecast to 2023


Product Code : MNMEP00109874
Survey : MarketsandMarkets
Publish On : April, 2021
Category : Energy and Power
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
Single User USD5650 / Question Form
5 User USD6650 / Question Form
Enterprise User USD10000 / Question Form

[Report Description]

“The turboexpander market is projected to grow at a CAGR of 6.11% between 2018 and 2023”
The turboexpander market is projected to reach USD 390.8 million by 2023 from ~USD 290.6 million in 2018, at a CAGR of 6.61%. This growth can be attributed to the increasing share of natural gas in primary energy consumption and increasing focus on energy efficiency. Natural gas is a key fuel in the electric power and industrial sector because of its fuel efficiency. Thus, rising natural gas production is creating demand for turboexpanders in hydrocarbon applications. However, high initial costs involved in small-scale installations can hinder the growth of this market.
“The hydrocarbon segment is expected to dominate the turboexpander market (by value) between 2018 and 2023”
The hydrocarbon segment held the largest share of the turboexpander market in 2017, and is estimated to hold the largest share (by value) during the forecast period. Hydrocarbon turboexpanders are relatively large in size and delivers power output ranging between 1,600 kW and 20,000 kW. Hydrocarbon applications includes liquefaction of petroleum gases, liquefaction of natural gases, dew point control, FPSO LNG, regasification, and nitrogen rejection. Increasing natural gas production by major oil and gas economies such as North America and Middle East is expected to drive the hydrocarbon turboexpander market during the forecast period.
“Asia Pacific: the fastest-growing market (by value) for turboexpanders”
Asia Pacific is expected to be the largest market for turboexpanders in 2023, expected to grow at the highest CAGR during the forecast period. China accounted for the largest share of the turboexpander market in Asia Pacific in 2017. Countries such as China and India are driving the turboexpander market in Asia Pacific. These countries are focusing on increasing natural gas production and are investing in refineries. Natural gas production and consumption levels are set to increase in China, owing to growing demands for turboexpanders. Moreover, Indian Oil Corp. (IOC) plans to invest USD 10.4 million (INR 70,000 crore) in India to increase its oil refining capacity from 80.7 million tonnes per annum (MTPA) to 116.55 MTPA by 2030. All these factors are expected to drive the growth of the turboexpander market in Asia Pacific.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry experts, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 55%, Tier 2- 9%, and Tier 3- 36%
By Designation: C-Level- 9%, Managerial Level- 18%, and Others- 73%
By Region: Asia Pacific- 82%, Europe- 9%, and Middle East & Africa - 9%
Note: Others includes product engineers, product specialists, and engineering lead.
Company tiers are defined on the basis of each company’s total revenues; as of 2017: Tier 1 = >USD 10 billion, Tier 2 = From USD 1 billion to USD 10 billion, and Tier 3 =
The leading players in the turboexpander market include Atlas Copco (Sweden), BHGE (US), Cryostar (France), Air Products and Chemicals (US), and L.A. Turbine (US).
Research Coverage:
The report defines, describes, and forecasts the global turboexpander market by loading device, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of this market. The report provides a comprehensive view of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value and volume, and future trends in the turboexpander market.
Why Buy this Report?
1. This report identifies and addresses key markets for turboexpanders; this will be helpful for manufacturers wanting to assess demand growth.
2. This report helps system providers understand the pulse of the turboexpander market and provides insights into drivers, restraints, opportunities, and challenges for the same.
3. This report will help key players have a better understanding of strategies of their competitors and in making strategic decisions.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 REGIONAL SCOPE 14
1.3.3 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 15
1.5 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.1.1 Key data from secondary sources 17
2.1.2 PRIMARY DATA 18
2.1.2.1 Key data from primary sources 18
2.1.2.2 Key industry insights 18
2.1.2.3 Breakdown of primaries 19
2.2 MARKET SIZE ESTIMATION 19
2.2.1 BOTTOM-UP APPROACH 20
2.2.2 TOP-DOWN APPROACH 21
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 22
2.4 ASSUMPTIONS 23
3 EXECUTIVE SUMMARY 24
4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE OPPORTUNITIES IN THE TURBOEXPANDER MARKET 28
4.2 TURBOEXPANDER MARKET, BY LOADING DEVICE 28
4.3 TURBOEXPANDER MARKET, BY APPLICATION 29
4.4 TURBOEXPANDER MARKET, BY END-USER 29
4.5 NORTH AMERICAN TURBOEXPANDER MARKET, BY COUNTRY AND END-USER 30
5 MARKET OVERVIEW 31
5.1 INTRODUCTION 31
5.2 MARKET DYNAMICS 31
5.2.1 DRIVERS 32
5.2.1.1 Increasing share of natural gas in primary energy consumption 32
5.2.1.2 Increasing focus on energy efficiency 32
5.2.2 RESTRAINTS 33
5.2.2.1 High initial cost for smaller installations 33
5.2.3 OPPORTUNITIES 33
5.2.3.1 Increasing demand for cryogenic liquids 33
5.2.4 CHALLENGES 34
5.2.4.1 Availability of alternative energy recovery devices and pressure letdown systems 34
6 TURBOEXPANDER MARKET, BY LOADING DEVICE 35
6.1 INTRODUCTION 36
6.2 COMPRESSOR 37
6.3 GENERATOR 38
6.4 OIL BREAK 39
7 TURBOEXPANDER MARKET, BY APPLICATION 41
7.1 INTRODUCTION 42
7.2 HYDROCARBON 43
7.3 AIR SEPARATION 44
7.4 OTHERS 45
8 TURBOEXPANDER MARKET, BY END-USER 47
8.1 INTRODUCTION 48
8.2 OIL & GAS 49
8.3 MANUFACTURING 50
8.4 POWER GENERATION 51
9 TURBOEXPANDER MARKET, BY REGION 53
9.1 INTRODUCTION 54
9.2 NORTH AMERICA 56
9.2.1 BY APPLICATION 58
9.2.2 BY END-USER 58
9.2.3 BY LOADING DEVICE 59
9.2.4 BY COUNTRY 60
9.2.4.1 US 61
9.2.4.2 Canada 62
9.2.4.3 Mexico 63
9.3 ASIA PACIFIC 64
9.3.1 BY APPLICATION 66
9.3.2 BY END-USER 66
9.3.3 BY LOADING DEVICE 67
9.3.4 BY COUNTRY 68
9.3.4.1 China 69
9.3.4.2 India 70
9.3.4.3 Japan 71
9.3.4.4 Rest of Asia Pacific 72
9.4 EUROPE 73
9.4.1 BY APPLICATION 73
9.4.2 BY END-USER 74
9.4.3 BY LOADING DEVICE 74
9.4.4 BY COUNTRY 75
9.4.4.1 Germany 76
9.4.4.2 Russia 77
9.4.4.3 Rest of Europe 78
9.5 REST OF THE WORLD 79
9.5.1 BY APPLICATION 79
9.5.2 BY END-USER 80
9.5.3 BY LOADING DEVICE 80
9.5.4 BY COUNTRY 81
9.5.4.1 Brazil 81
9.5.4.2 Saudi Arabia 81
9.5.4.3 Others 82
10 COMPETITIVE LANDSCAPE 83
10.1 OVERVIEW 83
10.2 RANKING OF PLAYERS AND MARKET CONCENTRATION 84
10.3 COMPETITIVE SCENARIO 85
10.3.1 CONTRACTS & AGREEMENTS 85
10.3.2 INVESTMENTS AND EXPANSIONS 86
10.3.3 MERGERS & ACQUISITIONS 86
10.3.4 NEW PRODUCT LAUNCHES 87
10.3.5 PARTNERSHIPS & COLLABORATIONS 87
11 COMPANY PROFILES 89
11.1 BENCHMARKING 89
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.2 ATLAS COPCO 90
11.3 BHGE 92
11.4 CRYOSTAR 95
11.5 AIR PRODUCTS AND CHEMICALS 97
11.6 L.A. TURBINE 100
11.7 HONEYWELL 103
11.8 MAN 104
11.9 SIEMENS 105
11.10 ACD 107
11.11 ELLIOTT GROUP 109
11.12 R&D DYNAMICS CORPORATION 110
11.13 TURBOGAZ 111
*Details on Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12 APPENDIX 113
12.1 INSIGHTS FROM INDUSTRY EXPERTS 113
12.2 DISCUSSION GUIDE 114
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 117
12.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 119
12.5 AVAILABLE CUSTOMIZATION 120
12.6 RELATED REPORT 120
12.7 AUTHOR DETAILS 121

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