Global Turboexpander Market Overview to 2028

DublinAnd the 11 July 2022 /PRNewswire/ – “Global Turboexpander market size, industry share and industry trends by product, by device load, by application, by end use, by power capacity, by regional and forecast, 2022 – 2028” analysis report added to ResearchAndMarkets.com Show.

The global Turboexpander market size is expected to reach 1.3 billion dollars by 2028, rising at a compound annual growth rate of 4.5% over the forecast period.

A turbine expander is an axial flow expansion turbine used in process facilities to recover thermal energy from high pressure gas streams and convert it into mechanical energy. The compressor or generator is driven by this mechanical energy. Turboexpander has recently gained popularity in the oil and gas industry for extracting liquid hydrocarbons from natural gas.

Turboexpanders are widely used in petrochemical applications such as nitrogen, hydrogen and ethylene to liquefy natural gas. Oil and gas continue to dominate the energy landscape. Many countries are moving away from dirty energy sources. Natural gas is one of the most suitable alternatives to fossil fuels. It generates less carbon dioxide and burns cleaner than coal. As a result, operators are constantly investing in boosting natural gas production, which may boost turboprop market expansion.

Moreover, the market is expected to rise due to continuous technological developments in bearing technology and increasing demand for Active Magnetic Bearings (AMB) over oil bearings in turbines. Increased industrial awareness of the need to reduce greenhouse gas (GHG) emissions is expected to increase the demand for turboprop in geothermal and heat recovery applications. The need for LNG for domestic uses, along with the resulting requirements for LNG storage and transportation, is expected to increase demand for turboprops. Natural gas is a more reliable and environmentally friendly energy source.

in October 2021Sinopec, China National Offshore Oil Company (CNOOC) and energy suppliers to local authorities such as Zhejiang Energy have started agreements with US natural exporters Cheniere Energy (LNG.A) and Venture Global. The aim of this effort was to establish long-term cooperation to avoid LNG supply shortages in the face of rising gas prices and domestic energy problems due to poor coal production.

Analysis of the impact of COVID-19

The turbo market has seen a modest downturn due to the COVID-19 outbreak. Decreased natural gas consumption across economies is to blame, leading many companies to reschedule or postpone investment options in LNG projects. As a result, the deployment of new turbines was delayed by two to three years.

However, since the outbreak of the epidemic, the demand for liquid oxygen has increased dramatically, leading many governments to announce plans to build additional oxygen stations. In 2021, this opened up new opportunities for growth for the turbo-extended OEMs, which are expected to continue for the next few years. Due to the cumulative effects of lower heating demand after a mild winter, implementation of lockdown restrictions in almost all countries, and reduced level of physical activity caused by the macroeconomic crisis caused by COVID-19, natural gas demand declined by 4% in 2020.

Market Growth Factors

The hydrocarbon extraction process with liquid natural gas uses a turbine

Natural gas consists mostly of methane (CH4), with smaller amounts of heavy hydrocarbon gases including propane (C3H8), ethane (C2H6), regular butane (nC4H10), isobutane (iC4H10), pentanes and even higher molecular weight hydrocarbons. Acidic gases such as hydrogen sulfide (H2S) and carbon dioxide (CO2) and mercaptans such as methanethiol (CH3SH) and ethanethiol (ETH) are also present in raw gas (C2H5SH).

These heavy hydrocarbons are referred to as natural gas liquids when they are converted into end products (natural gas liquids). Turboexpander and low column extraction temperature are often used in NGL extraction also known as demethanizer. In the heat exchanger, the incoming gas is compressed to about -51 ° C. The gas produced by the liquid combination is divided into a gas-liquid stream and a stream. The fluid flow is transmitted through a valve and undergoes an analogue process that lowers the flow temperatures from about -51°C to about -81°C.

Advances in Turboexpander Cold Gas Services

All low-temperature, cooling and refrigeration services require turbo-expanders. The primary purpose of these turbo expanders is to reduce the power temperature in a high pressure gas stream. Expansion significantly cools the gas while providing mechanical energy to rotate tools to perform useful tasks. In some applications, the turbo expander is connected to a compressor, and the work created to compress the gas is used in the process. The turbo expander and compressor are sometimes combined into a single machine with a single shaft. In many cryogenic, cryogenic and low temperature gas applications, a turbo expander can produce significantly more efficient low temperature gas than solutions such as a “Joule-Thomson” valve (JT) or others.

Market Restricting Factors

The presence of alternative energy recovery devices in the market

Between the furnace/reactor and the final end product, most processing plants use single or multistage flow systems. These systems lower flow pressure while maintaining media integrity. Energy is released in many stages when the pressure is reduced, allowing the flow to stabilize before the desired product conditions or downstream extrusion process are reached. Depending on the media and process conditions, retraction systems can use both control and isolation valves. These valves can undergo turbulence, vibration and noise while reducing high pressures and/or velocities, as well as wear, erosion and viscous sludge.

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview

Chapter 3. Strategies Used in Turboexpander Market

Chapter 4. Global Turboexpander Market, by Product
4.1 Global Radiation Flux Market by Region
4.2 Global Axial Flow Market by Region

Chapter 5. Global Turboexpander Market by Machine Load
5.1 Global Compressor Market by Region
5.2 Global Generators Market by Region
5.3 Global Hydraulic/Oil Brake Market by Region

Chapter 6. Global Turboexpander Market, by Application
6.1 Global cryogenic market by region
6.2 Global Air Separation Market by Region
6.3 Global Oil and Gas Processing Market by Region
6.4 Other global market by region

Chapter 7. Global Turboexpander Market, by End Use
7.1 Global Oil and Gas Market by Region
7.2 Global Energy and Energy Market by Region
7.3 Global Chemicals and Petrochemicals Market by Region
7.4 Other global market by region

Chapter 8. Global Turboexpander Market By Energy Capacity
8.1 Globally 1 MW – 4 MW Market by Region
8.2 Global Market 5MW – 9MW by Region
8.3 Global market is less than 1 MW by region
8.4 Global 10MW – 19MW Market by Region
8.5 Global 20MW – 24MW Market by Region
8.6 Global 25 MW – 40 MW Market by Region
8.7 Other global market by region

Chapter 9. Global Turboexpander Market by Region

Chapter 10. Company Profiles
10.1 Honeywell International, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Sectoral and Regional Analysis
10.1.4 R&D Expenditure
10.2 Baker Hughes Company
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Sectoral and Regional Analysis
10.2.4 Research and development expenditures
10.2.5 Strategies and Recent Developments:
10.2.5.1 Acquisition and Merger:
10.2.5.2 Geographical Expansions:
10.3 Siemens AG
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Sectoral and Regional Analysis
10.3.4 Research and development expenditures
10.3.5 SWOT Analysis
10.4 Atlas Copco AB
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Sector and Regional Analysis
10.4.4 R&D Expenditure
10.4.5 Strategies and recent developments:
10.4.5.1 Partnerships, Collaborations and Agreements:
10.4.5.2 Product launch and product expansion:
10.5 Cryostar (Linde plc)
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental Analysis
10.5.4 Research and development expenditures
10.6 Air Products and Chemicals, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Sectoral and Regional Analysis
10.6.4 R&D Expenditure
10.6.5 Recent Strategies and Developments:
10.6.5.1 Partnerships, Collaborations and Agreements:
10.6.5.2 Acquisition and Merger:
10.7 Chart Industries, Inc. (First Reserve)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Sectoral and Regional Analysis
10.7.4 R&D Expenditure
10.7.5 Recent Strategies and Developments:
10.7.5.1 Acquisition and Merger:
10.8 MAN Energy Solutions SE (Volkswagen Group)
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Sectoral and Regional Analysis
10.8.4 Research and development expenditures
10.9 Elliott Group (Ebara Corporation)
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Sectoral and Regional Analysis
10.9.4 Research and development expenditures
10.10. R&D Dynamics Company
10.10.1 Company Overview

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