QYResearch: The global market for Turbo Expander is expected to reach about 584.75 M USD by 2021
http://www.qyresearchglobal.com/goods-675155.html 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.
http://www.qyresearchglobal.com/goods-675155.html
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.
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<strong>QYResearch</strong><br />
First, the turbo expander revenue was $534.16 million in 2015 and <strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong><br />
$<strong>584.75</strong> million in <strong>2021</strong>, growing at a CAGR of 1.55% from 2015 <strong>to</strong> <strong>2021</strong>. China`s<br />
production accounted <strong>for</strong> the highest <strong>market</strong> share (45.39 %) in 2015, followed <strong>by</strong><br />
Europe. China <strong>is</strong> <strong>expected</strong> <strong>to</strong> maintain its leading position <strong>for</strong> the next five years owing<br />
<strong>to</strong> the increasing demand of turbo expander products.<br />
Second, the <strong>global</strong> turbo expander industry mainly concentrates in China, Europe and<br />
North America. <strong>The</strong> <strong>global</strong> leading players in th<strong>is</strong> <strong>market</strong> are Cryostar, Atlas Copco and<br />
GE oil &gas, which accounts <strong>for</strong> 34.97% of <strong>to</strong>tal consumption value. In China the <strong>market</strong><br />
leaders are Hangyang Group, SASPG and HNEC.<br />
Third, the turbo expander <strong>is</strong> mainly used in liquefaction of gases and power generation<br />
field. <strong>The</strong> main application <strong>market</strong> <strong>is</strong> air separation which accounts <strong>for</strong> 59.71% in value in<br />
2015 and it <strong>is</strong> <strong>for</strong>ecasted that share will down <strong>to</strong> 57.23% in <strong>2021</strong>.<br />
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