Turboexpander Market Analysis

Turboexpander Segmentation

Loading Device (Compressor, Generator, Hydraulic/Oil Brake)

The generator equipment segment in the turboexpander market is anticipated to generate the largest revenue share by the end of 2035 and holds 41% share, owing to the high demand for hydrogen turboexpanders that is imperative during the hydrogen liquefaction process. Along with that, also the high demand for blue and green hydrogen in aerospace and automotive is estimated to bring lucrative growth opportunities for segment expansion. Moreover, with the surge in the demand for hydrogen generation, OEMs are focusing on providing the best kind of experience with generator-loaded turboexpanders.

End-Use (Oil & Gas, Energy Recover, Power Generation, Chemical & Petrochemical, Manufacturing)

The oil and gas segment is projected to hold 35% share of the global turboexpander market during the forecasted timeframe. The primary reason for segment size expansion is the increasing use of on-shore and off-shore LNG in various applications. Furthermore, the rapidly growing demand for industrial, commercial, and residential sectors is considered to favor the expansion of segment growth in the upcoming years.

Our in-depth analysis of the global turboexpander market includes the following segments:

Product Type	Axial Flow Radial Flow
Loading Device	Compressor Generator Hydraulic/Oil Brake
Power Capacity	Less than 1 MW 1MW – 4MW 5MW – 9MW 10MW – 19MW 20 MW – 24 MW 25 MW – 40 MW Above 40 MW
Application	Air Separation Oil & Gas Processing Cryogenic Application
End-Use	Oil & Gas Energy Recover Power Generation Chemical & Petrochemical Manufacturing

Frequently Asked Questions (FAQ)

The growth of the electricity demand along with the need for cleaner sources of energy are estimated to majorly boost the market growth.

The market size of turboexpander is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are L.A. Turbine (Chart Industries, Inc.), Air Liquide Engineering & Construction, Atlas Copco, Air Products and Chemicals, Inc., Baker Hughes Company, Linde plc, Elliott Company, Siemens Energy AG, MAN Energy Solutions SE, Honeywell International Inc., and other key players.

The oil & gas equipment segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The turboexpander market is estimated to reach USD 955 million in 2022 and USD 1450 million in 2035.

Easy availability of alternatives and high installation cost are the challenging factors affecting the growth of turboexpander market.

The generator equipment sub-segment in the loading device segment holds the highest share in the turboexpander market.

Turboexpander Market Analysis