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A turboexpander is a type of turbine used in engineering to convert the pressure energy of a gas into mechanical work. It is typically used in industrial processes such as liquefaction of natural gas, air separation, and petrochemical production. The turboexpander market is driven by the increasing demand for energy-efficient and cost-effective solutions for industrial processes. The growing demand for natural gas and air separation is expected to drive the market growth. Additionally, the increasing demand for petrochemical products is expected to further fuel the market growth.
The turboexpander market is highly competitive, with several players offering a wide range of products. Some of the major players in the market include Siemens AG, General Electric, Dresser-Rand Group, Inc., Atlas Copco AB, Elliott Group, and Howden Group. Show Less Read more