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3 months ago

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.

QYResearch 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. www.qyresearch.com

QYResearch 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. www.qyresearch.com

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