Market Overview

The Global Turboexpander Market was valued at USD 407.1 million in 2023 and is expected to reach USD 654.3 million by 2031 while growing at a CAGR of 6.1% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global turboexpander market growth. A turboexpander converts high-pressure gas (like natural gas or steam) into mechanical energy for electricity generation, compressor drive, or industrial processes.

Increasing demand for natural gas and LNG, coupled with the expansion of LNG infrastructure, drives the growth of the turboexpander market. However, obstacles like high initial investment costs and technological challenges may hinder market expansion.

Furthermore, the global turboexpander industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Loading Devices Analysis

The Global Turboexpander Market is segmented among Compressor, Generator, and Hydraulic Brake, based on Loading Devices. In 2023, Compressor accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Turboexpander Market is segmented among Oil and Gas, Power Generation, Energy Recovery, and Other End-user Industries, based on End-user Industry. In 2023, Oil and Gas accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Turboexpander Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Atlas Copco AB, Baker Hughes Company, Cryostar SAS, Nikkiso ACD, PBS Group, LA Turbine, Elliott Group, Blair Engineering, and Air Products and Chemicals Inc. 

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Turboexpander Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Turboexpander Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Turboexpander Market Segmentation, By Loading Devices   

• Global Turboexpander Market Share Analysis, By Loading Devices    

• Global Turboexpander Market Growth Analysis, By Loading Devices   

• Global Turboexpander Market Trends, By Loading Devices  

o Compressor

o Generator

o Hydraulic Brake

6. Global Turboexpander Market Segmentation, By End-user Industry    

• Global Turboexpander Market Share Analysis, By End-user Industry    

• Global Turboexpander Market Growth Analysis, By End-user Industry   

• Global Turboexpander Market Trends, By End-user Industry   

o Oil and Gas

o Power Generation

o Energy Recovery

o Other End-user Industries

7. Global Turboexpander Market Segmentation, By Region

• Global Turboexpander Market Share Analysis, By Region

• Global Turboexpander Market Growth Analysis, By Region

• Global Turboexpander Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Atlas Copco AB*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Baker Hughes Company

• Cryostar SAS

• Nikkiso ACD

• PBS Group

• LA Turbine

• Elliott Group

• Blair Engineering

• Air Products and Chemicals Inc  

 *Similar analysis will be provided for each company listed above.