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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Turboexpander Market Size
The global turboexpander market stood at a value of around USD 1.02 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.90% to reach USD 1.58 billion by 2032.
Turboexpander Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global turboexpanders market attained a value of nearly USD 1.02 billion.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.58 billion by 2032.
The market is estimated to grow at a CAGR of 4.90% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major market drivers include the increasing applications of the product in industrial gas processes, rising demand for natural gas, and rising demand for ammonia.
The growing mergers and acquisitions bolstering the product innovations are likely to be the key trends in the market.
Radial turboexpanders, axial turboexpanders, and radial-axial turboexpanders are the different segments based on type.
Compressor, generator, and hydraulic brake is the segmentation of market based on loading device.
Oil and gas processing, air separation, and cryogenic application, among others are the different applications considered in the market report.
Oil and gas, energy and power, and manufacturing, among others are the major industry verticals included in the market report.
The major players in the industry are ZJ-Tibo, Atlas Copco AB, Rotoflow, Sapphire Technologies, R&D Dynamics Corporation, and HAVAYAR Group, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124