Turboexpander Market Size,Trend & Forecast by 2034

Turboexpander Market Outlook from 2024 to 2034

The turboexpander market is estimated to be valued at US$ 1.2 billion in 2024 and is projected to reach US$ 2 billion by 2034, exhibiting a modest CAGR of 5.40% over the forecast period.

Key Market Drivers:

The turboexpander market generated an estimated revenue of US$ 800 million in 2019. Over the span of four years, the market developed at a pace of 7.00% CAGR and added revenue of US$ 400 million in 2023. Several reasons can be attributed to this growth:

Increased demand for efficient natural gas processing plants, where turboexpanders play a crucial role in gas processing and liquefaction
The expansion of LNG infrastructure, including liquefaction plants, regasification terminals, and LNG carriers, which require turboexpanders for various processes
Rising emphasis of industries on optimizing energy usage and minimizing waste, where turboexpanders are used to harness the energy from high-pressure gas streams and convert it into mechanical power or electricity
Surging demand for cryogenic applications in industries such as healthcare (medical gases), food processing (cryogenic freezing), and electronics (semiconductor manufacturing)
Ongoing advancements in turboexpander design and manufacturing is leading to significant improvements in efficiency, reliability, and performance
The exploration and production of oil and gas which require efficient processing technologies like turboexpanders to extract and process hydrocarbons effectively
Stringent environmental regulations to reduce emissions, pushing industries to install turboexpanders in their plants to recover waste energy and reduce overall energy consumption and emissions

Attributes	Key Statistics
Estimated Market Size (2024)	US$ 1.2 billion
Forecasted Market Year Value (2034)	US$ 2 billion
Projected Growth (2024 to 2034)	5.40% CAGR

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Consumption Analysis of Turboexpanders

The global oil and gas sector is increasingly adopting turboexpanders, especially by companies involved in natural gas processing plants, LNG facilities, and oil refineries for gas processing, gas liquefaction, and hydrocarbon recovery processes.
The sales of turboexpanders are also growing among chemical plants. Companies in this group use turboexpanders for cryogenic applications, such as the separation and purification of gases, as well as for energy recovery from high-pressure gas stream.
Turboexpanders are also experiencing increasing demand from power plants, particularly those utilizing combined-cycle or cogeneration systems to recover waste heat from exhaust gases and convert it into electricity.
Petrochemical facilities also incorporate turboexpanders for various processes, including ethylene and propylene production, gas separation, and hydrogen recovery.
The growing adoption of turboexpanders is also observed in geothermal power plants, biomass facilities, and waste heat recovery systems, where they help generate electricity from renewable sources and improve overall energy efficiency.
The sales of turboexpanders are also soaring in healthcare for the production and purification of medical gases, such as oxygen, nitrogen, and argon, used in medical facilities and laboratories.

Restraining Factors Adversely Affecting the Turboexpander Market

The market is anticipated to surpass a valuation of US$ 2 billion by 2034, with a growth rate of 5.40% CAGR. While the market is expected to experience remarkable growth, several restraining factors could adversely affect its development:

The upfront cost associated with acquiring modern turboexpanders is keeping a substantial number of consumers away from the market, particularly smaller companies or organizations with limited budgets.
Integrating turboexpanders into existing industrial setups is a very cumbersome and costly process. This complexity increases implementation time and costs, posing a barrier to adoption for some industries.
Turboexpanders require precise engineering and maintenance to ensure optimal performance and reliability. The lack of a skilled workforce is another challenge, hindering the widespread adoption of turboexpanders in industries.
Alternative technologies for energy recovery and waste heat utilization, such as organic Rankine cycle (ORC) systems and absorption chillers, are also diverting potential consumers away from the market.

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Category-wise Insights

Axial Flow Turboexpanders to Gain Impetus in Industrial Units

Depending on the product type, the turboexpander market is bifurcated into axial and radial flow. The axial flow segment is anticipated to grow at a modest CAGR of 5.10%.

The demand for axial flow turboexpanders is skyrocketing among manufacturing units as they offer higher efficiency, a compact design, and better performance in handling large volume flows and variable operating conditions.
These turboexpanders also find their place in various industrial applications, including natural gas processing, liquefied natural gas (LNG) production, and petrochemical refining.
Manufacturing units seeking energy-efficient and reliable solutions for energy recovery and process optimization are also adopting turboexpanders, further contributing to the market value.

Attributes	Details
Product Type	Axial Flow
Forecasted CAGR (from 2024 to 2034)	5.10%

The Sales of Compressor Turboexpanders to Skyrocket in the Coming Decade

The turboexpander market is categorized by loading devices into compressors, generators, and hydraulic/oil-brakes. The compressors segment dominates the market and is anticipated to grow at a modest CAGR of 4.80%.

Businesses are increasingly preferring turboexpanders as they offer significant energy savings by recovering and utilizing waste energy from high-pressure gas streams. This energy can be converted into mechanical power or electricity.
The world is constantly pushing toward sustainability, and with increasing awareness of environmental issues and the need to reduce greenhouse gas emissions, factory units are installing turboexpanders to mitigate energy costs.

Attributes	Details
Loading Devices	Compressors
Forecasted CAGR (from 2024 to 2034)	4.80%

Country-wise Insights

The section provides an analysis of the turboexpander market by country, including Japan, China, the United States, South Korea, and the United Kingdom. The table presents the CAGR for each country, indicating the expected growth of the market in that country through 2034.

Countries	Forecasted CAGR (from 2024 to 2034)
South Korea	7.40%
The United Kingdom	6.90%
China	6.40%
The United States	5.80%
Japan	4.00%

Turboexpander Market in South Korea

South Korea is one of the leading countries in this market. The market in South Korea is anticipated to retain its dominance by progressing at an annual growth rate of 7.40% until 2034.

South Korea's government has been actively promoting energy efficiency measures to reduce greenhouse gas emissions for the past few years. This creates a favorable environment for companies to invest in turboexpanders, which help in energy recovery and process optimization.
In recent years, South Korea has also experienced exponential expansion in its petrochemical industry, with significant investments in refining and processing facilities. The expansion of these industries drives the demand for turboexpanders, which are essential for gas processing, liquefaction, and hydrocarbon recovery.

Turboexpander Market in the United Kingdom

The United Kingdom has also emerged as an important market for turboexpanders. The market is anticipated to maintain its strength by progressing at an annual growth rate of 6.90% until 2034.

Similar to South Korea, the United Kingdom's government is also investing heavily in renewable energy sources to reduce dependence on fossil fuels and combat climate change. Turboexpanders play a role in renewable energy applications such as geothermal power plants and waste heat recovery systems, driving market growth.
The United Kingdom also maintains a significant oil and gas sector, particularly in the North Sea region. This naturally generates excellent demand for turboexpanders as they are essential components in gas processing and liquefaction plants.

Turboexpander Market in China

China is a significant player in the turboexpander industry, closely following the United States in dominance. The Chinese turboexpander market is anticipated to exhibit an annual growth rate of 6.40% till 2034.

China has experienced rapid industrialization and modernization in the last few decades. This has led to an increased demand for energy across various sectors. Turboexpanders are utilized in industries such as oil and gas, chemicals, and power generation for energy recovery and process optimization, fueling the market growth.
China has also been investing heavily in the expansion of natural gas pipelines, LNG terminals, and petrochemical facilities. This infrastructure investment drives the demand for turboexpanders for gas processing, liquefaction, and energy recovery applications.

Turboexpander Market in the United States

The turboexpander market is primarily led by the United States, and it is expected to witness a CAGR of 5.80% through the year 2034.

The United States has experienced a boom in shale gas production, leading to increased investments in gas processing and LNG export facilities. Turboexpanders are critical components in these facilities for gas processing, driving the market growth.
Just like China, the United States is also undergoing a period of industrial modernization. This has amplified the adoption of turboexpanders as they offer energy-saving solutions for industries such as petrochemicals, chemicals, and power generation.

Turboexpander Market in Japan

Japan also makes a significant contribution to the turboexpander industry. Over the next ten years, the Japanese demand for turboexpander is projected to rise at a 4.00% CAGR.

Japan, as a country, is very concerned about its energy sources, being an island nation with limited natural resources. This is why companies in Japan emphasize turboexpanders in LNG terminals and gas processing plants to support energy imports and ensure efficient resource utilization.
Japan is also known for its technological innovation and engineering expertise. Scientific advancements in turboexpander design and manufacturing have enhanced their efficiency and reliability, making them attractive solutions for energy recovery in industrial processes.

Competitive Landscape

The turboexpander market has numerous players that cater to both international and domestic consumers. Some of the prominent companies in the market, such as Atlas Copco, Cryostar, Air Products and Chemicals, Inc., Baker Hughes, and General Electric, are continuously investing in research and development activities to enhance the efficiency, functionality, and sustainability of their products.

Along with this, these companies often receive grants and subsidies from the government to promote the adoption of turboexpander technology in various industries.

Recent Developments

In June 2023, Sapphire Technologies shipped its largest batch of turboexpanders yet, partnering with Tallgrass and Evolve Energy. The delivery of four turboexpanders marked the beginning of a significant milestone, with plans for a 400% production increase by year-end.
In May 2023, Iranian experts and technicians at Shazand Petrochemical Company in Markazi Province domestically designed and produced a turboexpander, breaking the West's monopoly. The feat, announced by Iran's Ministry of Petroleum's Shana news agency, involved collaboration with a local knowledge-based firm, offering significant cost savings.
In August 2023, Nikkiso Clean Energy & Industrial Gases Group's Cryogenic Service unit, Nikkiso Cryogenic Services (NCS), partnered with Neuman & Esser (NEA) Brazil, expanding local support for Nikkiso products like ACD cryogenic pumps and turboexpanders in Brazil, aiming to streamline repairs and enhance customer service.

Key Companies in the Market

Atlas Copco
Cryostar
Air Products and Chemicals, Inc.
Baker Hughes
General Electric
Siemens
Elliott Group
Turbogaz
L.A. Turbine
Kobelco
Hangyang
ACD
Cryoquip
Cryodynamics
GE Oil & Gas
Sulzer
R&D Dynamics Corporation
Howden
Toshiba
Voith Turbo

Key Coverage in the Turboexpander Market Report

Turboexpander Market Pricing Strategy
Top Companies and Manufacturers in the Turboexpander Market
Analytical Adjacent Study on Hydrogen/Helium Turboexpander Market and Turboexpander Compressor Market
Raw Material Price Variation in the Market

Turboexpander Market by Segmentation

By Product Type:

Axial Flow
Radial Flow

By Loading Device:

Compressor
Generator
Hydraulic/Oil-brake

By Power Capacity:

Less than 1 MW
1MW - 4 MW
5MW - 9MW
10MW - 19MW
20MW - 24 MW
25 MW - 40 MW
Above 40 MW

By Application:

Air Separation
Oil & Gas Processing
Cryogenic Application
Others

By End Use:

Oil & Gas
Energy & Power
Chemical & Petrochemicals
Others

By Region:

North America
Latin America
Asia Pacific
Middle East and Africa (MEA)
Europe

Frequently Asked Questions

What is the Current Worth of the Turboexpander Market?

The market is expected to be worth US$ 1.2 billion by 2024.

What is the Sales Forecast for Turboexpander through 2034?

The market for turboexpander is expected to reach US$ 2 billion by 2034.

What is the Projected Growth Rate for the Turboexpander Market?

The market is set to grow at a CAGR of 5.40% from 2024 to 2034.

Who are the Key Manufacturing Companies Offering Turboexpander?

Atlas Copco, Cryostar, Air Products and Chemicals, Inc., Baker Hughes, and General Electric are some of the major players in the market.

What was the Overall Value of the Turboexpander Market in 2023?

The valuation for the turboexpander industry in 2023 was US$ 1.1 billion.

Table of Content

1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Producers
            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
            3.5.1.3. Wholesalers and Distributors
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyer’s
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
        3.7.2. Wholesalers and Distributors
        3.7.3. Retailers
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
        5.3.1. Axial Flow
        5.3.2. Radial Flow
    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
    5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Loading Device
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Loading Device, 2019 to 2023
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Loading Device, 2024 to 2034
        6.3.1. Compressor
        6.3.2. Generator
        6.3.3. Hydraulic/Oil-brake
    6.4. Y-o-Y Growth Trend Analysis By Loading Device, 2019 to 2023
    6.5. Absolute $ Opportunity Analysis By Loading Device, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Power Capacity
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power Capacity, 2019 to 2023
    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power Capacity, 2024 to 2034
        7.3.1. Less than 1 MW
        7.3.2. 1MW - 4 MW
        7.3.3. 5MW - 9MW
        7.3.4. 10MW - 19MW
        7.3.5. 20MW - 24 MW
        7.3.6. 25 MW - 40 MW
        7.3.7. Above 40 MW
    7.4. Y-o-Y Growth Trend Analysis By Power Capacity, 2019 to 2023
    7.5. Absolute $ Opportunity Analysis By Power Capacity, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
    8.1. Introduction / Key Findings
    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2019 to 2023
    8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2024 to 2034
        8.3.1. Air Separation
        8.3.2. Oil & Gas Processing
        8.3.3. Cryogenic Application
        8.3.4. Others
    8.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
    8.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use
    9.1. Introduction / Key Findings
    9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-use, 2019 to 2023
    9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-use, 2024 to 2034
        9.3.1. Oil & Gas
        9.3.2. Energy & Power
        9.3.3. Chemical & Petrochemicals
        9.3.4. Others
    9.4. Y-o-Y Growth Trend Analysis By End-use, 2019 to 2023
    9.5. Absolute $ Opportunity Analysis By End-use, 2024 to 2034
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    10.1. Introduction
    10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
    10.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
        10.3.1. North America
        10.3.2. Latin America
        10.3.3. Western Europe
        10.3.4. Eastern Europe
        10.3.5. South Asia and Pacific
        10.3.6. East Asia
        10.3.7. Middle East and Africa
    10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        11.2.1. By Country
            11.2.1.1. USA
            11.2.1.2. Canada
        11.2.2. By Product Type
        11.2.3. By Loading Device
        11.2.4. By Power Capacity
        11.2.5. By Application
        11.2.6. By End-use
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Product Type
        11.3.3. By Loading Device
        11.3.4. By Power Capacity
        11.3.5. By Application
        11.3.6. By End-use
    11.4. Key Takeaways
12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        12.2.1. By Country
            12.2.1.1. Brazil
            12.2.1.2. Mexico
            12.2.1.3. Rest of Latin America
        12.2.2. By Product Type
        12.2.3. By Loading Device
        12.2.4. By Power Capacity
        12.2.5. By Application
        12.2.6. By End-use
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Product Type
        12.3.3. By Loading Device
        12.3.4. By Power Capacity
        12.3.5. By Application
        12.3.6. By End-use
    12.4. Key Takeaways
13. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        13.2.1. By Country
            13.2.1.1. Germany
            13.2.1.2. UK
            13.2.1.3. France
            13.2.1.4. Spain
            13.2.1.5. Italy
            13.2.1.6. Rest of Western Europe
        13.2.2. By Product Type
        13.2.3. By Loading Device
        13.2.4. By Power Capacity
        13.2.5. By Application
        13.2.6. By End-use
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Product Type
        13.3.3. By Loading Device
        13.3.4. By Power Capacity
        13.3.5. By Application
        13.3.6. By End-use
    13.4. Key Takeaways
14. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        14.2.1. By Country
            14.2.1.1. Poland
            14.2.1.2. Russia
            14.2.1.3. Czech Republic
            14.2.1.4. Romania
            14.2.1.5. Rest of Eastern Europe
        14.2.2. By Product Type
        14.2.3. By Loading Device
        14.2.4. By Power Capacity
        14.2.5. By Application
        14.2.6. By End-use
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Product Type
        14.3.3. By Loading Device
        14.3.4. By Power Capacity
        14.3.5. By Application
        14.3.6. By End-use
    14.4. Key Takeaways
15. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        15.2.1. By Country
            15.2.1.1. India
            15.2.1.2. Bangladesh
            15.2.1.3. Australia
            15.2.1.4. New Zealand
            15.2.1.5. Rest of South Asia and Pacific
        15.2.2. By Product Type
        15.2.3. By Loading Device
        15.2.4. By Power Capacity
        15.2.5. By Application
        15.2.6. By End-use
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Product Type
        15.3.3. By Loading Device
        15.3.4. By Power Capacity
        15.3.5. By Application
        15.3.6. By End-use
    15.4. Key Takeaways
16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        16.2.1. By Country
            16.2.1.1. China
            16.2.1.2. Japan
            16.2.1.3. South Korea
        16.2.2. By Product Type
        16.2.3. By Loading Device
        16.2.4. By Power Capacity
        16.2.5. By Application
        16.2.6. By End-use
    16.3. Market Attractiveness Analysis
        16.3.1. By Country
        16.3.2. By Product Type
        16.3.3. By Loading Device
        16.3.4. By Power Capacity
        16.3.5. By Application
        16.3.6. By End-use
    16.4. Key Takeaways
17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    17.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    17.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        17.2.1. By Country
            17.2.1.1. GCC Countries
            17.2.1.2. South Africa
            17.2.1.3. Israel
            17.2.1.4. Rest of MEA
        17.2.2. By Product Type
        17.2.3. By Loading Device
        17.2.4. By Power Capacity
        17.2.5. By Application
        17.2.6. By End-use
    17.3. Market Attractiveness Analysis
        17.3.1. By Country
        17.3.2. By Product Type
        17.3.3. By Loading Device
        17.3.4. By Power Capacity
        17.3.5. By Application
        17.3.6. By End-use
    17.4. Key Takeaways
18. Key Countries Market Analysis
    18.1. USA
        18.1.1. Pricing Analysis
        18.1.2. Market Share Analysis, 2023
            18.1.2.1. By Product Type
            18.1.2.2. By Loading Device
            18.1.2.3. By Power Capacity
            18.1.2.4. By Application
            18.1.2.5. By End-use
    18.2. Canada
        18.2.1. Pricing Analysis
        18.2.2. Market Share Analysis, 2023
            18.2.2.1. By Product Type
            18.2.2.2. By Loading Device
            18.2.2.3. By Power Capacity
            18.2.2.4. By Application
            18.2.2.5. By End-use
    18.3. Brazil
        18.3.1. Pricing Analysis
        18.3.2. Market Share Analysis, 2023
            18.3.2.1. By Product Type
            18.3.2.2. By Loading Device
            18.3.2.3. By Power Capacity
            18.3.2.4. By Application
            18.3.2.5. By End-use
    18.4. Mexico
        18.4.1. Pricing Analysis
        18.4.2. Market Share Analysis, 2023
            18.4.2.1. By Product Type
            18.4.2.2. By Loading Device
            18.4.2.3. By Power Capacity
            18.4.2.4. By Application
            18.4.2.5. By End-use
    18.5. Germany
        18.5.1. Pricing Analysis
        18.5.2. Market Share Analysis, 2023
            18.5.2.1. By Product Type
            18.5.2.2. By Loading Device
            18.5.2.3. By Power Capacity
            18.5.2.4. By Application
            18.5.2.5. By End-use
    18.6. UK
        18.6.1. Pricing Analysis
        18.6.2. Market Share Analysis, 2023
            18.6.2.1. By Product Type
            18.6.2.2. By Loading Device
            18.6.2.3. By Power Capacity
            18.6.2.4. By Application
            18.6.2.5. By End-use
    18.7. France
        18.7.1. Pricing Analysis
        18.7.2. Market Share Analysis, 2023
            18.7.2.1. By Product Type
            18.7.2.2. By Loading Device
            18.7.2.3. By Power Capacity
            18.7.2.4. By Application
            18.7.2.5. By End-use
    18.8. Spain
        18.8.1. Pricing Analysis
        18.8.2. Market Share Analysis, 2023
            18.8.2.1. By Product Type
            18.8.2.2. By Loading Device
            18.8.2.3. By Power Capacity
            18.8.2.4. By Application
            18.8.2.5. By End-use
    18.9. Italy
        18.9.1. Pricing Analysis
        18.9.2. Market Share Analysis, 2023
            18.9.2.1. By Product Type
            18.9.2.2. By Loading Device
            18.9.2.3. By Power Capacity
            18.9.2.4. By Application
            18.9.2.5. By End-use
    18.10. Poland
        18.10.1. Pricing Analysis
        18.10.2. Market Share Analysis, 2023
            18.10.2.1. By Product Type
            18.10.2.2. By Loading Device
            18.10.2.3. By Power Capacity
            18.10.2.4. By Application
            18.10.2.5. By End-use
    18.11. Russia
        18.11.1. Pricing Analysis
        18.11.2. Market Share Analysis, 2023
            18.11.2.1. By Product Type
            18.11.2.2. By Loading Device
            18.11.2.3. By Power Capacity
            18.11.2.4. By Application
            18.11.2.5. By End-use
    18.12. Czech Republic
        18.12.1. Pricing Analysis
        18.12.2. Market Share Analysis, 2023
            18.12.2.1. By Product Type
            18.12.2.2. By Loading Device
            18.12.2.3. By Power Capacity
            18.12.2.4. By Application
            18.12.2.5. By End-use
    18.13. Romania
        18.13.1. Pricing Analysis
        18.13.2. Market Share Analysis, 2023
            18.13.2.1. By Product Type
            18.13.2.2. By Loading Device
            18.13.2.3. By Power Capacity
            18.13.2.4. By Application
            18.13.2.5. By End-use
    18.14. India
        18.14.1. Pricing Analysis
        18.14.2. Market Share Analysis, 2023
            18.14.2.1. By Product Type
            18.14.2.2. By Loading Device
            18.14.2.3. By Power Capacity
            18.14.2.4. By Application
            18.14.2.5. By End-use
    18.15. Bangladesh
        18.15.1. Pricing Analysis
        18.15.2. Market Share Analysis, 2023
            18.15.2.1. By Product Type
            18.15.2.2. By Loading Device
            18.15.2.3. By Power Capacity
            18.15.2.4. By Application
            18.15.2.5. By End-use
    18.16. Australia
        18.16.1. Pricing Analysis
        18.16.2. Market Share Analysis, 2023
            18.16.2.1. By Product Type
            18.16.2.2. By Loading Device
            18.16.2.3. By Power Capacity
            18.16.2.4. By Application
            18.16.2.5. By End-use
    18.17. New Zealand
        18.17.1. Pricing Analysis
        18.17.2. Market Share Analysis, 2023
            18.17.2.1. By Product Type
            18.17.2.2. By Loading Device
            18.17.2.3. By Power Capacity
            18.17.2.4. By Application
            18.17.2.5. By End-use
    18.18. China
        18.18.1. Pricing Analysis
        18.18.2. Market Share Analysis, 2023
            18.18.2.1. By Product Type
            18.18.2.2. By Loading Device
            18.18.2.3. By Power Capacity
            18.18.2.4. By Application
            18.18.2.5. By End-use
    18.19. Japan
        18.19.1. Pricing Analysis
        18.19.2. Market Share Analysis, 2023
            18.19.2.1. By Product Type
            18.19.2.2. By Loading Device
            18.19.2.3. By Power Capacity
            18.19.2.4. By Application
            18.19.2.5. By End-use
    18.20. South Korea
        18.20.1. Pricing Analysis
        18.20.2. Market Share Analysis, 2023
            18.20.2.1. By Product Type
            18.20.2.2. By Loading Device
            18.20.2.3. By Power Capacity
            18.20.2.4. By Application
            18.20.2.5. By End-use
    18.21. GCC Countries
        18.21.1. Pricing Analysis
        18.21.2. Market Share Analysis, 2023
            18.21.2.1. By Product Type
            18.21.2.2. By Loading Device
            18.21.2.3. By Power Capacity
            18.21.2.4. By Application
            18.21.2.5. By End-use
    18.22. South Africa
        18.22.1. Pricing Analysis
        18.22.2. Market Share Analysis, 2023
            18.22.2.1. By Product Type
            18.22.2.2. By Loading Device
            18.22.2.3. By Power Capacity
            18.22.2.4. By Application
            18.22.2.5. By End-use
    18.23. Israel
        18.23.1. Pricing Analysis
        18.23.2. Market Share Analysis, 2023
            18.23.2.1. By Product Type
            18.23.2.2. By Loading Device
            18.23.2.3. By Power Capacity
            18.23.2.4. By Application
            18.23.2.5. By End-use
19. Market Structure Analysis
    19.1. Competition Dashboard
    19.2. Competition Benchmarking
    19.3. Market Share Analysis of Top Players
        19.3.1. By Regional
        19.3.2. By Product Type
        19.3.3. By Loading Device
        19.3.4. By Power Capacity
        19.3.5. By Application
        19.3.6. By End-use
20. Competition Analysis
    20.1. Competition Deep Dive
        20.1.1. Atlas Copco AB
            20.1.1.1. Overview
            20.1.1.2. Product Portfolio
            20.1.1.3. Profitability by Market Segments
            20.1.1.4. Sales Footprint
            20.1.1.5. Strategy Overview
                20.1.1.5.1. Marketing Strategy
                20.1.1.5.2. Product Strategy
                20.1.1.5.3. Channel Strategy
        20.1.2. Air Products Inc. (ROTOFLOW)
            20.1.2.1. Overview
            20.1.2.2. Product Portfolio
            20.1.2.3. Profitability by Market Segments
            20.1.2.4. Sales Footprint
            20.1.2.5. Strategy Overview
                20.1.2.5.1. Marketing Strategy
                20.1.2.5.2. Product Strategy
                20.1.2.5.3. Channel Strategy
        20.1.3. Air Liquide (formerly Nikkiso Cryogenic Industries)
            20.1.3.1. Overview
            20.1.3.2. Product Portfolio
            20.1.3.3. Profitability by Market Segments
            20.1.3.4. Sales Footprint
            20.1.3.5. Strategy Overview
                20.1.3.5.1. Marketing Strategy
                20.1.3.5.2. Product Strategy
                20.1.3.5.3. Channel Strategy
        20.1.4. Baker Hughes Company
            20.1.4.1. Overview
            20.1.4.2. Product Portfolio
            20.1.4.3. Profitability by Market Segments
            20.1.4.4. Sales Footprint
            20.1.4.5. Strategy Overview
                20.1.4.5.1. Marketing Strategy
                20.1.4.5.2. Product Strategy
                20.1.4.5.3. Channel Strategy
        20.1.5. Chart Industries (L.A. Turbine)
            20.1.5.1. Overview
            20.1.5.2. Product Portfolio
            20.1.5.3. Profitability by Market Segments
            20.1.5.4. Sales Footprint
            20.1.5.5. Strategy Overview
                20.1.5.5.1. Marketing Strategy
                20.1.5.5.2. Product Strategy
                20.1.5.5.3. Channel Strategy
        20.1.6. Linde Plc (Cryostar)
            20.1.6.1. Overview
            20.1.6.2. Product Portfolio
            20.1.6.3. Profitability by Market Segments
            20.1.6.4. Sales Footprint
            20.1.6.5. Strategy Overview
                20.1.6.5.1. Marketing Strategy
                20.1.6.5.2. Product Strategy
                20.1.6.5.3. Channel Strategy
        20.1.7. R&D Dynamics Corporation
            20.1.7.1. Overview
            20.1.7.2. Product Portfolio
            20.1.7.3. Profitability by Market Segments
            20.1.7.4. Sales Footprint
            20.1.7.5. Strategy Overview
                20.1.7.5.1. Marketing Strategy
                20.1.7.5.2. Product Strategy
                20.1.7.5.3. Channel Strategy
        20.1.8. Elliott Group (EBARA Corporation)
            20.1.8.1. Overview
            20.1.8.2. Product Portfolio
            20.1.8.3. Profitability by Market Segments
            20.1.8.4. Sales Footprint
            20.1.8.5. Strategy Overview
                20.1.8.5.1. Marketing Strategy
                20.1.8.5.2. Product Strategy
                20.1.8.5.3. Channel Strategy
        20.1.9. Siemens Energy (Siemens AG)
            20.1.9.1. Overview
            20.1.9.2. Product Portfolio
            20.1.9.3. Profitability by Market Segments
            20.1.9.4. Sales Footprint
            20.1.9.5. Strategy Overview
                20.1.9.5.1. Marketing Strategy
                20.1.9.5.2. Product Strategy
                20.1.9.5.3. Channel Strategy
        20.1.10. Man Energy
            20.1.10.1. Overview
            20.1.10.2. Product Portfolio
            20.1.10.3. Profitability by Market Segments
            20.1.10.4. Sales Footprint
            20.1.10.5. Strategy Overview
                20.1.10.5.1. Marketing Strategy
                20.1.10.5.2. Product Strategy
                20.1.10.5.3. Channel Strategy
        20.1.11. PBS Group, a. s.
            20.1.11.1. Overview
            20.1.11.2. Product Portfolio
            20.1.11.3. Profitability by Market Segments
            20.1.11.4. Sales Footprint
            20.1.11.5. Strategy Overview
                20.1.11.5.1. Marketing Strategy
                20.1.11.5.2. Product Strategy
                20.1.11.5.3. Channel Strategy
        20.1.12. Turbogaz
            20.1.12.1. Overview
            20.1.12.2. Product Portfolio
            20.1.12.3. Profitability by Market Segments
            20.1.12.4. Sales Footprint
            20.1.12.5. Strategy Overview
                20.1.12.5.1. Marketing Strategy
                20.1.12.5.2. Product Strategy
                20.1.12.5.3. Channel Strategy
21. Assumptions & Acronyms Used
22. Research Methodology

Turboexpander Market

Turboexpander Market Forecast by Axial and Radial Flow Type for 2024 to 2034