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Global Turbo Expander Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Turbo Expander Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Radial-Axial Turbo Expander
    • 1.3.3 Radial Turbo Expander
    • 1.3.4 Axial Turbo Expander
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Turbo Expander Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Air Separation
    • 1.4.3 Liquefied Natural Gas(LNG)
    • 1.4.4 Petrochemical Processing
    • 1.4.5 Waste Heat or Other Power Recovery
    • 1.4.6 Others
  • 1.5 Global Turbo Expander Market Size & Forecast
    • 1.5.1 Global Turbo Expander Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Turbo Expander Sales Quantity (2020-2031)
    • 1.5.3 Global Turbo Expander Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Cryostar
    • 2.1.1 Cryostar Details
    • 2.1.2 Cryostar Major Business
    • 2.1.3 Cryostar Turbo Expander Product and Services
    • 2.1.4 Cryostar Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Cryostar Recent Developments/Updates
  • 2.2 Atlas Copco
    • 2.2.1 Atlas Copco Details
    • 2.2.2 Atlas Copco Major Business
    • 2.2.3 Atlas Copco Turbo Expander Product and Services
    • 2.2.4 Atlas Copco Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Atlas Copco Recent Developments/Updates
  • 2.3 GE(Baker Hughes)
    • 2.3.1 GE(Baker Hughes) Details
    • 2.3.2 GE(Baker Hughes) Major Business
    • 2.3.3 GE(Baker Hughes) Turbo Expander Product and Services
    • 2.3.4 GE(Baker Hughes) Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 GE(Baker Hughes) Recent Developments/Updates
  • 2.4 Air Products
    • 2.4.1 Air Products Details
    • 2.4.2 Air Products Major Business
    • 2.4.3 Air Products Turbo Expander Product and Services
    • 2.4.4 Air Products Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Air Products Recent Developments/Updates
  • 2.5 ACD
    • 2.5.1 ACD Details
    • 2.5.2 ACD Major Business
    • 2.5.3 ACD Turbo Expander Product and Services
    • 2.5.4 ACD Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 ACD Recent Developments/Updates
  • 2.6 L.A. Turbine
    • 2.6.1 L.A. Turbine Details
    • 2.6.2 L.A. Turbine Major Business
    • 2.6.3 L.A. Turbine Turbo Expander Product and Services
    • 2.6.4 L.A. Turbine Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 L.A. Turbine Recent Developments/Updates
  • 2.7 Turbogaz
    • 2.7.1 Turbogaz Details
    • 2.7.2 Turbogaz Major Business
    • 2.7.3 Turbogaz Turbo Expander Product and Services
    • 2.7.4 Turbogaz Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Turbogaz Recent Developments/Updates
  • 2.8 Samsung
    • 2.8.1 Samsung Details
    • 2.8.2 Samsung Major Business
    • 2.8.3 Samsung Turbo Expander Product and Services
    • 2.8.4 Samsung Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Samsung Recent Developments/Updates
  • 2.9 RMG
    • 2.9.1 RMG Details
    • 2.9.2 RMG Major Business
    • 2.9.3 RMG Turbo Expander Product and Services
    • 2.9.4 RMG Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 RMG Recent Developments/Updates
  • 2.10 Hangyang Group
    • 2.10.1 Hangyang Group Details
    • 2.10.2 Hangyang Group Major Business
    • 2.10.3 Hangyang Group Turbo Expander Product and Services
    • 2.10.4 Hangyang Group Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Hangyang Group Recent Developments/Updates
  • 2.11 SASPG
    • 2.11.1 SASPG Details
    • 2.11.2 SASPG Major Business
    • 2.11.3 SASPG Turbo Expander Product and Services
    • 2.11.4 SASPG Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 SASPG Recent Developments/Updates
  • 2.12 HNEC
    • 2.12.1 HNEC Details
    • 2.12.2 HNEC Major Business
    • 2.12.3 HNEC Turbo Expander Product and Services
    • 2.12.4 HNEC Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 HNEC Recent Developments/Updates
  • 2.13 Suzhou Xida
    • 2.13.1 Suzhou Xida Details
    • 2.13.2 Suzhou Xida Major Business
    • 2.13.3 Suzhou Xida Turbo Expander Product and Services
    • 2.13.4 Suzhou Xida Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Suzhou Xida Recent Developments/Updates
  • 2.14 Beifang Asp
    • 2.14.1 Beifang Asp Details
    • 2.14.2 Beifang Asp Major Business
    • 2.14.3 Beifang Asp Turbo Expander Product and Services
    • 2.14.4 Beifang Asp Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Beifang Asp Recent Developments/Updates
  • 2.15 Jianyang Ruite
    • 2.15.1 Jianyang Ruite Details
    • 2.15.2 Jianyang Ruite Major Business
    • 2.15.3 Jianyang Ruite Turbo Expander Product and Services
    • 2.15.4 Jianyang Ruite Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Jianyang Ruite Recent Developments/Updates
  • 2.16 Huayu
    • 2.16.1 Huayu Details
    • 2.16.2 Huayu Major Business
    • 2.16.3 Huayu Turbo Expander Product and Services
    • 2.16.4 Huayu Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.16.5 Huayu Recent Developments/Updates
  • 2.17 Air Liquide
    • 2.17.1 Air Liquide Details
    • 2.17.2 Air Liquide Major Business
    • 2.17.3 Air Liquide Turbo Expander Product and Services
    • 2.17.4 Air Liquide Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.17.5 Air Liquide Recent Developments/Updates
  • 2.18 Hanwha
    • 2.18.1 Hanwha Details
    • 2.18.2 Hanwha Major Business
    • 2.18.3 Hanwha Turbo Expander Product and Services
    • 2.18.4 Hanwha Turbo Expander Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.18.5 Hanwha Recent Developments/Updates

3 Competitive Environment: Turbo Expander by Manufacturer

  • 3.1 Global Turbo Expander Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Turbo Expander Revenue by Manufacturer (2020-2025)
  • 3.3 Global Turbo Expander Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Turbo Expander by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Turbo Expander Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Turbo Expander Manufacturer Market Share in 2024
  • 3.5 Turbo Expander Market: Overall Company Footprint Analysis
    • 3.5.1 Turbo Expander Market: Region Footprint
    • 3.5.2 Turbo Expander Market: Company Product Type Footprint
    • 3.5.3 Turbo Expander Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Turbo Expander Market Size by Region
    • 4.1.1 Global Turbo Expander Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Turbo Expander Consumption Value by Region (2020-2031)
    • 4.1.3 Global Turbo Expander Average Price by Region (2020-2031)
  • 4.2 North America Turbo Expander Consumption Value (2020-2031)
  • 4.3 Europe Turbo Expander Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Turbo Expander Consumption Value (2020-2031)
  • 4.5 South America Turbo Expander Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Turbo Expander Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Turbo Expander Sales Quantity by Type (2020-2031)
  • 5.2 Global Turbo Expander Consumption Value by Type (2020-2031)
  • 5.3 Global Turbo Expander Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Turbo Expander Sales Quantity by Application (2020-2031)
  • 6.2 Global Turbo Expander Consumption Value by Application (2020-2031)
  • 6.3 Global Turbo Expander Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Turbo Expander Sales Quantity by Type (2020-2031)
  • 7.2 North America Turbo Expander Sales Quantity by Application (2020-2031)
  • 7.3 North America Turbo Expander Market Size by Country
    • 7.3.1 North America Turbo Expander Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Turbo Expander Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Turbo Expander Sales Quantity by Type (2020-2031)
  • 8.2 Europe Turbo Expander Sales Quantity by Application (2020-2031)
  • 8.3 Europe Turbo Expander Market Size by Country
    • 8.3.1 Europe Turbo Expander Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Turbo Expander Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Turbo Expander Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Turbo Expander Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Turbo Expander Market Size by Region
    • 9.3.1 Asia-Pacific Turbo Expander Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Turbo Expander Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Turbo Expander Sales Quantity by Type (2020-2031)
  • 10.2 South America Turbo Expander Sales Quantity by Application (2020-2031)
  • 10.3 South America Turbo Expander Market Size by Country
    • 10.3.1 South America Turbo Expander Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Turbo Expander Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Turbo Expander Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Turbo Expander Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Turbo Expander Market Size by Country
    • 11.3.1 Middle East & Africa Turbo Expander Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Turbo Expander Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Turbo Expander Market Drivers
  • 12.2 Turbo Expander Market Restraints
  • 12.3 Turbo Expander Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Turbo Expander and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Turbo Expander
  • 13.3 Turbo Expander Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Turbo Expander Typical Distributors
  • 14.3 Turbo Expander Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Turbo Expander market size was valued at US$ 587 million in 2024 and is forecast to a readjusted size of USD 736 million by 2031 with a CAGR of 3.3% during review period.
    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.
    Global leading players in turbo expander market are Cryostar, Atlas Copco and GE oil &gas etc. The top 5 companies hold a share about 55%. Asia Pacific is the largest market, with a share about 35%, followed by Europe and North America with the share about 30% and 23%.
    This report is a detailed and comprehensive analysis for global Turbo Expander market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Turbo Expander market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2020-2031
    Global Turbo Expander market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2020-2031
    Global Turbo Expander market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2020-2031
    Global Turbo Expander market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K USD/Unit), 2020-2025
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Turbo Expander
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Turbo Expander market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Cryostar, Atlas Copco, GE(Baker Hughes), Air Products, ACD, L.A. Turbine, Turbogaz, Samsung, RMG, Hangyang Group, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Turbo Expander market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Radial-Axial Turbo Expander
    Radial Turbo Expander
    Axial Turbo Expander
    Market segment by Application
    Air Separation
    Liquefied Natural Gas(LNG)
    Petrochemical Processing
    Waste Heat or Other Power Recovery
    Others
    Major players covered
    Cryostar
    Atlas Copco
    GE(Baker Hughes)
    Air Products
    ACD
    L.A. Turbine
    Turbogaz
    Samsung
    RMG
    Hangyang Group
    SASPG
    HNEC
    Suzhou Xida
    Beifang Asp
    Jianyang Ruite
    Huayu
    Air Liquide
    Hanwha
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Turbo Expander product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Turbo Expander, with price, sales quantity, revenue, and global market share of Turbo Expander from 2020 to 2025.
    Chapter 3, the Turbo Expander competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Turbo Expander breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Turbo Expander market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Turbo Expander.
    Chapter 14 and 15, to describe Turbo Expander sales channel, distributors, customers, research findings and conclusion.

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