QYResearch: The global market for Turbo Expander is expected to reach about 584.75 M USD by 2021

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According to QYResearch, The global market for Turbo Expander is expected to reach about 584.75 M USD by 2021 from 514.45 M USD in 2016.

QYResearch: The global market

for Turbo Expander is expected

to reach about 584.75 M USD

by 2021

QYRESEARCH FOCUS ON MARKET

SURVEY AND RESEARCH

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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.

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First, the turbo expander revenue was $534.16 million in 2015 and is expected to reach

$584.75 million in 2021, growing at a CAGR of 1.55% from 2015 to 2021. China`s

production accounted for the highest market share (45.39 %) in 2015, followed by

Europe. China is expected to maintain its leading position for the next five years owing

to the increasing demand of turbo expander products.

Second, the global turbo expander industry mainly concentrates in China, Europe and

North America. The global leading players in this market are Cryostar, Atlas Copco and

GE oil &gas, which accounts for 34.97% of total consumption value. In China the market

leaders are Hangyang Group, SASPG and HNEC.

Third, the turbo expander is mainly used in liquefaction of gases and power generation

field. The main application market is air separation which accounts for 59.71% in value in

2015 and it is forecasted that share will down to 57.23% in 2021.

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Forth, a major challenge affecting the market growth is the limitation of downstream market. As

large demand of high-end products at home and abroad, many companies began to enter the field

of high-end. Currently, the Chinese turbo expander industry is not only begin to transit to highend

turbo expander products, while still extend in the resource-rich land and downstream

industry chain.

Fifth, the people’s awareness of environment and comprehensive utilization of resources continues

to be raised; the application for power generation will be increased. Despite the presence of

competition problems, due to the global recovery trend is clear, investors are still optimistic

about this area; the future will still have more new investment enter the field. In the next five

years, the consumption volume will keep slow increasing, as well as the consumption value.

Finally, although sales of turbo expander products bring a lot of opportunities, the study group

recommends the new entrants who just have money but without technical advantage, raw

materials advantage and downstream support, do not enter into the turbo expander field hastily.

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