Turboexpander Market Size, Share, 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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Comparative View of Adjacent Industries

A comprehensive study has been conducted for the global manufacturing and industrial sector, identifying two products that have the potential to pose rigorous competition to the turboexpander market: the advanced energy storage system market and the absorption chillers market.

The growth rates and current market valuations have been mentioned in the table below. The growth factors and critical challenges in the respective markets have also been discussed. Based on these numbers, the market for advanced energy storage systems is anticipated to outpace the other two in the near future.

Turboexpander Market:

Attributes	Turboexpander Market
CAGR (2024 to 2034)	5.40%
Growth Factor	Technological advancements enhancing turboexpander performance and reliability
Challenges	High initial investment costs associated with turboexpander systems

Advanced Energy Storage System Market:

Attributes	Advanced Energy Storage System Market
CAGR (2024 to 2034)	9.50%
Growth Factor	Increasing adoption of electric vehicles (EVs) and renewable energy systems
Challenges	Environmental concerns related to battery disposal and materials sourcing

Absorption Chillers Market:

Attributes	Absorption Chillers Market
CAGR (2024 to 2034)	4.50%
Growth Factor	Increasing demand for air conditioning and refrigeration in commercial and industrial sectors
Challenges	Competition from alternative cooling technologies such as vapor compression systems

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