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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

October 3, 2018
The “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” report has been added to ResearchAndMarkets.com’s offering.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 HighlightsBy 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

ABBAdditional Company ProfilesAsia OceaniaBorgwarnerBosch MahleContinental AGCumminsDelphi TechnologiesEatonEuropeFuyuan Turbocharger Co. Ltd.HoneywellHunan Tyen Machinery Co. Ltd.IHIKompressorenbau Bannewitz GmbH (KBB)Mitsubishi Heavy IndustriesNingbo Motor Industrial Co. Ltd.North AmericaPrecision Turbo & Engine Inc.Rotomaster InternationalTelTurbo Dynamics Ltd.Turbo InternationalTurbonetics 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/

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Related Topics:Compressors

KEYWORD:

INDUSTRY KEYWORD: ENERGY OIL/GAS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/03/2018 07:30 AM/DISC: 10/03/2018 07:31 AM

http://www.businesswire.com/news/home/20181003005431/en

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