Global Turboexpanders Market to Reach $1.4 Billion by 2030
The global market for Turboexpanders estimated at US$963.9 Million in the year 2022, is projected to reach a revised size of US$1.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Radial Flow, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$806.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Axial Flow segment is readjusted to a revised 5.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $260.5 Million, While China is Forecast to Grow at 7.8% CAGR
The Turboexpanders market in the U.S. is estimated at US$260.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$304.4 Million by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.Select Competitors (Total 11 Featured) -
- Air Products And Chemicals, Inc.
- Atlas Copco Group AB
- Cryostar SAS
- Elliott Group
- L.A. Turbine
- MAN SE
- R D Dynamics Corporation
- Siemens AG
- Turbogaz PJSC
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Air Products And Chemicals, Inc.
- Atlas Copco Group AB
- Cryostar SAS
- Elliott Group
- L.A. Turbine
- MAN SE
- R D Dynamics Corporation
- Siemens AG
- Turbogaz PJSC
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 229 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 963.9 Million |
Forecasted Market Value ( USD | $ 1400 Million |
Compound Annual Growth Rate | 4.8% |
Regions Covered | Global |