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