Global Turboexpander Market 2018-2023 with Atlas Copco, BHGE, Cryostar, Air Products and Chemicals and L.A. Turbine Dominating
DUBLIN, June 13, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
The turboexpander market is projected to reach USD 390.8 million by 2023 from USD 290.6 million in 2018, at a CAGR of 6.61%
This growth can be attributed to the increasing share of natural gas in primary energy consumption and increasing focus on energy efficiency. Natural gas is a key fuel in the electric power and industrial sector because of its fuel efficiency. Thus, rising natural gas production is creating demand for turboexpanders in hydrocarbon applications. However, high initial costs involved in small-scale installations can hinder the growth of this market.
The hydrocarbon segment is expected to dominate the turboexpander market (by value) between 2018 and 2023
The hydrocarbon segment held the largest share of the turboexpander market in 2017, and is estimated to hold the largest share (by value) during the forecast period. Hydrocarbon turboexpanders are relatively large in size and delivers power output ranging between 1,600 kW and 20,000 kW. Hydrocarbon applications includes liquefaction of petroleum gases, liquefaction of natural gases, dew point control, FPSO LNG, regasification, and nitrogen rejection. Increasing natural gas production by major oil and gas economies such as North America and Middle East is expected to drive the hydrocarbon turboexpander market during the forecast period.
Asia Pacific: the fastest-growing market (by value) for turboexpanders
Asia Pacific is expected to be the largest market for turboexpanders in 2023, expected to grow at the highest CAGR during the forecast period. China accounted for the largest share of the turboexpander market in Asia Pacific in 2017. Countries such as China and India are driving the turboexpander market in Asia Pacific. These countries are focusing on increasing natural gas production and are investing in refineries. Natural gas production and consumption levels are set to increase in China, owing to growing demands for turboexpanders. Moreover, Indian Oil Corp. (IOC) plans to invest USD 10.4 million (INR 70,000 crore) in India to increase its oil refining capacity from 80.7 million tonnes per annum (MTPA) to 116.55 MTPA by 2030. All these factors are expected to drive the growth of the turboexpander market in Asia Pacific.
The leading players in the turboexpander market include Atlas Copco (Sweden), BHGE (US), Cryostar (France), Air Products and Chemicals (US), and L.A. Turbine (US).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Automotive Turbocharger Market, Premium Insights
4.1 Attractive Opportunities in the Automotive Turbocharger Market
4.2 Automotive Turbocharger Market, By Technology
4.3 Automotive Turbocharger Market, By Fuel Type
4.4 Automotive Turbocharger Market, By Vehicle Type
4.5 Automotive Turbocharger Market, By Material,
4.6 Automotive Turbocharger Market, By Off-Highway Vehicles
4.7 Automotive Turbocharger Market, By Country
4.8 Hybrid Vehicle Turbocharger Market, Vehicle Type
4.9 Automotive Turbocharger Aftermarket
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Stringency in Emission & Fuel Efficiency Regulations to Boost the Market for Automotive Turbochargers
5.2.1.2 Growing Demand for Commercial Vehicles to Drive the Market for Turbochargers
5.2.2 Restraints
5.2.2.1 Declining Demand for Diesel Passenger Car to Restrain the Market for Turbochargers
5.2.2.2 The Increasing Sale of Electric Vehicles Will Reduce the Demand for Turbochargers
5.2.3 Opportunities
5.2.3.1 Future Demand for Electric Turbochargers to Create Opportunities for Turbo Manufacturers
5.2.3.2 Turbocharger for Gasoline Engines
5.2.4 Challenges
5.2.4.1 Turbo Lag
5.2.4.2 Lightweight Material for Turbocharger Housing
6 Automotive Turbocharger Market, By Vehicle Type
6.1 Introduction
6.2 Passenger Car
6.3 Light Commercial Vehicle (LCV)
6.4 Truck
6.5 Bus
7 Automotive Turbocharger Oe Market, By Fuel Type
7.1 Introduction
7.2 Diesel
7.3 Gasoline
8 Automotive Turbocharger Market, By Technology
8.1 Introduction
8.2 VGT/VNT Turbocharger
8.3 Wastegate Turbocharger
8.4 Electric Turbocharger
9 Automotive Turbocharger Marker, By Material
9.1 Introduction
9.2 Cast Iron
9.3 Aluminum
9.4 Others
10 Automotive Turbocharger Market, By Hybrid & Plug in Hybrid Vehicle
10.1 Introduction
10.2 HEV
10.3 PHEV
11 Off-Highway Turbocharger Market, By Application
11.1 Introduction
11.2 Agricultural Tractor
11.3 Construction Equipment
11.4 Locomotive
12 Automotive Turbocharger Aftermarket, By Vehicle Type
12.1 Introduction
12.2 Light Commercial Vehicle (LCV)
12.3 Heavy Commercial Vehicle
13 Automotive Turbocharger Market, By Region
14 Competitive Landscape
14.1 Overview
14.2 Automotive Turbocharger: Market Share Analysis
14.3 Competitive Scenario
14.3.1 Expansions
14.3.2 New Product Launches/Developments
14.3.3 Supply Contracts/Agreements
14.3.4 Partnerships/Joint Ventures
15 Company Profiles
15.1 Honeywell
15.2 Continental AG
15.3 Borgwarner
15.4 Mitsubishi Heavy Industries
15.5 IHI
15.6 Eaton
15.7 Bosch Mahle
15.8 Cummins
15.9 ABB
15.10 Tel
15.11 Delphi Technologies
15.12 Additional Company Profiles
15.12.1 North America
15.12.1.1 Rotomaster International
15.12.1.2 Precision Turbo & Engine Inc.
15.12.1.3 Turbonetics Inc.
15.12.1.4 Turbo International
15.12.2 Europe
15.12.2.1 Kompressorenbau Bannewitz GmbH (KBB)
15.12.2.2 Turbo Dynamics Ltd
15.12.3 Asia Oceania
15.12.3.1 Fuyuan Turbocharger Co. Ltd
15.12.3.2 Hunan Tyen Machinery Co. Ltd
15.12.3.3 Ningbo Motor Industrial Co. Ltd
For more information about this report visit https://www.researchandmarkets.com/research/gcnc8g/global?w=5
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