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Turboexpander Market - Global Trends and Forecast to 2023

The turboexpander market is expected to grow from an estimated USD 290.6 Million in 2018 to USD 390.8 Million by 2023, at a CAGR of 6.11%, from 2018 to 2023. This growth is primarily due to the increasing natural gas production and rising focus of end-users such as manufacturing and oil & gas sectors on energy efficiency.

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Turboexpander Market - Global Trends and Forecast to 2023

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  1. TurboexpanderMarket by Loading Device, Application, End-User, and Region - Global Forecast to 2023 www.MarketsandMarkets.com

  2. According to the new market research report "Turboexpander Market by Loading Device (Compressor, Generator, and Oil Break), Application (Air Separation, and Hydrocarbon), End-User (Manufacturing, Oil & Gas, and Power Generation), and Region - Global Forecast to 2023", published by MarketsandMarkets™, The global turboexpander market is expected to reach a market size of USD 390.8 million by 2023, growing at a CAGR of 6.11%. In 2018, the market in North America is estimated to be the largest (by value) for turboexpanders, followed by the market in Asia Pacific. The trend is expected to change, with Asia Pacific leading the turboexpander market in 2023. Factors such as increasing share of natural gas in primary energy consumption and rising focus on energy efficiency are driving the turboexpander market. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=217580907

  3. Asia Pacific will remain the fastest-growing turboexpander market during the forecast period, being primarily driven by the growth in production capacity of natural gas and oil refineries in countries such as China and India. As per BP Statistical Review of World Energy 2017, natural gas production in the region increased from 490.6 billion cubic metres in 2010 to 579.9 billion cubic metres in 2016, indicating a positive growth curve of the turboexpander market. Meanwhile, steel industries also play a vital role in the development of the turboexpander market in the region and will positively impact the turboexpander market during the forecast period. Browse and in-depth TOC on "Turboexpander Market" 78 - Tables 32 - Figures 121 - Pages View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/turboexpander-market-217580907.html

  4. The turboexpander market by end-user is segmented into oil & gas, manufacturing, and power generation. Power generation will remain the fastest growing turboexpander market during the forecast period owing to increasing share of geothermal power in total power production; this is expected to generate demand for turboexpanders during the forecast period. As per National Renewable Energy Laboratory (NREL), the global geothermal electricity market is expected to reach a total installed capacity of 18.4 GW by 2021. This would positively impact the growth of the turboexpander market during the forecast period. Don’t miss out on business opportunities in Turboexpander Market. Download PDF Brochure and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/pdfdownload.asp?id=217580907

  5. Target Audience: • Turboexpander manufacturing companies • LNG transmission and distribution companies • Power generation companies • LNG refinery EPC contractors • Governments and industry associations • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=217580907

  6. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the turboexpander market including • Atlas Copco (Sweden), • BHGE (US), • Cryostar(France), • Air Products and Chemicals (US), • L.A. Turbine (US), etc. • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=217580907

  7. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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