The Europe Turboexpander Market would witness market growth of 4.1% CAGR during the forecast period (2022-2028).
Turbo-expanders are used in expansion-based gas liquefaction procedures to generate the refrigeration for liquefaction. To generate refrigeration, the turbo-expander refrigeration cycle compresses and expands a fluid. Due to advancements in high-efficiency turbo-expanders, the expansion cycle has been substantially enhanced.
Single, twin or multi turboexpander models are used, so they can be powered by electric motors or gas engines. The temperature gap between the refrigerant and the cooling gas in compressor liquefaction procedures is normally near the hotter end of the natural gas chilling slope. The chiller, usually nitrogen or methane, is a volatile organic component that is preferable for low-temperature cooling rather than high-temperature cooling when the input gas contains considerable amounts of C3+ components at the beginning of the gas chilling.
Russia's largest market for oil and natural gas exports is Europe, and by implication, Europe is Russia's main revenue source. Russia is a key supplier of oil and natural gas to Europe, accounting for a large portion of the continent's oil and natural gas imports. In 2020, Russia was the world's third-largest producer of petroleum and other liquids, with total liquid fuel output of 10.5 million barrels per day (b/d). In 2020, Russia surpassed the United States as the world's second-largest producer of dry natural gas, producing an anticipated 22.5 trillion cubic feet.
The Russian administration intends to become a global natural gas supplier in 2020, it approved its most recent energy policy plan, the Energy Strategy to 2035, which emphasizes the advancement and expansion of energy exports and strives to massively raise the incentive to invest in liquefied natural gas (LNG), particularly in the Arctic region.
The Germany market dominated the Europe Turboexpander Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $80 million by 2028. The UK market is experiencing a CAGR of 3.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 4.8% during (2022 - 2028).
Based on Product, the market is segmented into Radial Flow and Axial Flow. Based on Loading Device, the market is segmented into Compressor, Generator, and Hydraulic/Oil-brake. Based on Application, the market is segmented into Cryogenic, Air Separation, Oil & Gas Processing, and Others. Based on End-use, the market is segmented into Oil & Gas, Energy & Power, Chemical & Petrochemicals, and Others. Based on Power Capacity, the market is segmented into 1MW - 4 MW, 5MW - 9MW, Less than 1 MW, 10MW - 19MW, 20MW - 24 MW, 25 MW - 40 MW, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Turboexpander Market will Hit $1.3 Billion by 2028, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Baker Hughes Company, Siemens AG, Atlas Copco AB, Cryostar, Air Products and Chemicals, Inc., Chart Industries, Inc., MAN Energy Solutions SE, Elliott Group, and R&D Dynamics Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Loading Device
- Compressor
- Generator
- Hydraulic/Oil-brake
By Application
- Cryogenic
- Air Separation
- Oil & Gas Processing
- Others
By End-use
- Oil & Gas
- Energy & Power
- Chemical & Petrochemicals
- Others
By Power Capacity
- 1MW - 4 MW
- 5MW - 9MW
- Less than 1 MW
- 10MW - 19MW
- 20MW - 24 MW
- 25 MW - 40 MW
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Baker Hughes Company
- Siemens AG
- Atlas Copco AB
- Cryostar
- Air Products and Chemicals, Inc.
- Chart Industries, Inc.
- MAN Energy Solutions SE
- Elliott Group
- R&D Dynamics Corporation
TABLE 1 Europe Turboexpander Market, 2018 - 2021, USD Million
TABLE 2 Europe Turboexpander Market, 2022 - 2028, USD Million
TABLE 3 Europe Turboexpander Market by Product, 2018 - 2021, USD Million
TABLE 4 Europe Turboexpander Market by Product, 2022 - 2028, USD Million
TABLE 5 Europe Radial Flow Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Radial Flow Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Axial Flow Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Axial Flow Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Turboexpander Market by Loading Device, 2018 - 2021, USD Million
TABLE 10 Europe Turboexpander Market by Loading Device, 2022 - 2028, USD Million
TABLE 11 Europe Compressor Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Compressor Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Generator Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Generator Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Hydraulic/Oil-brake Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Hydraulic/Oil-brake Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Turboexpander Market by Application, 2018 - 2021, USD Million
TABLE 18 Europe Turboexpander Market by Application, 2022 - 2028, USD Million
TABLE 19 Europe Cryogenic Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Cryogenic Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Air Separation Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Air Separation Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Oil & Gas Processing Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Oil & Gas Processing Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Turboexpander Market by End-use, 2018 - 2021, USD Million
TABLE 28 Europe Turboexpander Market by End-use, 2022 - 2028, USD Million
TABLE 29 Europe Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Energy & Power Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Energy & Power Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Chemical & Petrochemicals Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Chemical & Petrochemicals Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Turboexpander Market by Power Capacity, 2018 - 2021, USD Million
TABLE 38 Europe Turboexpander Market by Power Capacity, 2022 - 2028, USD Million
TABLE 39 Europe 1MW - 4 MW Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe 1MW - 4 MW Market by Country, 2022 - 2028, USD Million
TABLE 41 Europe 5MW - 9MW Market by Country, 2018 - 2021, USD Million
TABLE 42 Europe 5MW - 9MW Market by Country, 2022 - 2028, USD Million
TABLE 43 Europe Less than 1 MW Market by Country, 2018 - 2021, USD Million
TABLE 44 Europe Less than 1 MW Market by Country, 2022 - 2028, USD Million
TABLE 45 Europe 10MW - 19MW Market by Country, 2018 - 2021, USD Million
TABLE 46 Europe 10MW - 19MW Market by Country, 2022 - 2028, USD Million
TABLE 47 Europe 20MW - 24 MW Market by Country, 2018 - 2021, USD Million
TABLE 48 Europe 20MW - 24 MW Market by Country, 2022 - 2028, USD Million
TABLE 49 Europe 25 MW - 40 MW Market by Country, 2018 - 2021, USD Million
TABLE 50 Europe 25 MW - 40 MW Market by Country, 2022 - 2028, USD Million
TABLE 51 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 52 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 53 Europe Turboexpander Market by Country, 2018 - 2021, USD Million
TABLE 54 Europe Turboexpander Market by Country, 2022 - 2028, USD Million
TABLE 55 Germany Turboexpander Market, 2018 - 2021, USD Million
TABLE 56 Germany Turboexpander Market, 2022 - 2028, USD Million
TABLE 57 Germany Turboexpander Market by Product, 2018 - 2021, USD Million
TABLE 58 Germany Turboexpander Market by Product, 2022 - 2028, USD Million
TABLE 59 Germany Turboexpander Market by Loading Device, 2018 - 2021, USD Million
TABLE 60 Germany Turboexpander Market by Loading Device, 2022 - 2028, USD Million
TABLE 61 Germany Turboexpander Market by Application, 2018 - 2021, USD Million
TABLE 62 Germany Turboexpander Market by Application, 2022 - 2028, USD Million
TABLE 63 Germany Turboexpander Market by End-use, 2018 - 2021, USD Million
TABLE 64 Germany Turboexpander Market by End-use, 2022 - 2028, USD Million
TABLE 65 Germany Turboexpander Market by Power Capacity, 2018 - 2021, USD Million
TABLE 66 Germany Turboexpander Market by Power Capacity, 2022 - 2028, USD Million
TABLE 67 UK Turboexpander Market, 2018 - 2021, USD Million
TABLE 68 UK Turboexpander Market, 2022 - 2028, USD Million
TABLE 69 UK Turboexpander Market by Product, 2018 - 2021, USD Million
TABLE 70 UK Turboexpander Market by Product, 2022 - 2028, USD Million
TABLE 71 UK Turboexpander Market by Loading Device, 2018 - 2021, USD Million
TABLE 72 UK Turboexpander Market by Loading Device, 2022 - 2028, USD Million
TABLE 73 UK Turboexpander Market by Application, 2018 - 2021, USD Million
TABLE 74 UK Turboexpander Market by Application, 2022 - 2028, USD Million
TABLE 75 UK Turboexpander Market by End-use, 2018 - 2021, USD Million
TABLE 76 UK Turboexpander Market by End-use, 2022 - 2028, USD Million
TABLE 77 UK Turboexpander Market by Power Capacity, 2018 - 2021, USD Million
TABLE 78 UK Turboexpander Market by Power Capacity, 2022 - 2028, USD Million
TABLE 79 France Turboexpander Market, 2018 - 2021, USD Million
TABLE 80 France Turboexpander Market, 2022 - 2028, USD Million
TABLE 81 France Turboexpander Market by Product, 2018 - 2021, USD Million
TABLE 82 France Turboexpander Market by Product, 2022 - 2028, USD Million
TABLE 83 France Turboexpander Market by Loading Device, 2018 - 2021, USD Million
TABLE 84 France Turboexpander Market by Loading Device, 2022 - 2028, USD Million
TABLE 85 France Turboexpander Market by Application, 2018 - 2021, USD Million
TABLE 86 France Turboexpander Market by Application, 2022 - 2028, USD Million
TABLE 87 France Turboexpander Market by End-use, 2018 - 2021, USD Million
TABLE 88 France Turboexpander Market by End-use, 2022 - 2028, USD Million
TABLE 89 France Turboexpander Market by Power Capacity, 2018 - 2021, USD Million
TABLE 90 France Turboexpander Market by Power Capacity, 2022 - 2028, USD Million
TABLE 91 Russia Turboexpander Market, 2018 - 2021, USD Million
TABLE 92 Russia Turboexpander Market, 2022 - 2028, USD Million
TABLE 93 Russia Turboexpander Market by Product, 2018 - 2021, USD Million
TABLE 94 Russia Turboexpander Market by Product, 2022 - 2028, USD Million
TABLE 95 Russia Turboexpander Market by Loading Device, 2018 - 2021, USD Million
TABLE 96 Russia Turboexpander Market by Loading Device, 2022 - 2028, USD Million
TABLE 97 Russia Turboexpander Market by Application, 2018 - 2021, USD Million
TABLE 98 Russia Turboexpander Market by Application, 2022 - 2028, USD Million
TABLE 99 Russia Turboexpander Market by End-use, 2018 - 2021, USD Million
TABLE 100 Russia Turboexpander Market by End-use, 2022 - 2028, USD Million
TABLE 101 Russia Turboexpander Market by Power Capacity, 2018 - 2021, USD Million
TABLE 102 Russia Turboexpander Market by Power Capacity, 2022 - 2028, USD Million
TABLE 103 Spain Turboexpander Market, 2018 - 2021, USD Million
TABLE 104 Spain Turboexpander Market, 2022 - 2028, USD Million
TABLE 105 Spain Turboexpander Market by Product, 2018 - 2021, USD Million
TABLE 106 Spain Turboexpander Market by Product, 2022 - 2028, USD Million
TABLE 107 Spain Turboexpander Market by Loading Device, 2018 - 2021, USD Million
TABLE 108 Spain Turboexpander Market by Loading Device, 2022 - 2028, USD Million
TABLE 109 Spain Turboexpander Market by Application, 2018 - 2021, USD Million
TABLE 110 Spain Turboexpander Market by Application, 2022 - 2028, USD Million
TABLE 111 Spain Turboexpander Market by End-use, 2018 - 2021, USD Million
TABLE 112 Spain Turboexpander Market by End-use, 2022 - 2028, USD Million
TABLE 113 Spain Turboexpander Market by Power Capacity, 2018 - 2021, USD Million
TABLE 114 Spain Turboexpander Market by Power Capacity, 2022 - 2028, USD Million
TABLE 115 Italy Turboexpander Market, 2018 - 2021, USD Million
TABLE 116 Italy Turboexpander Market, 2022 - 2028, USD Million
TABLE 117 Italy Turboexpander Market by Product, 2018 - 2021, USD Million
TABLE 118 Italy Turboexpander Market by Product, 2022 - 2028, USD Million
TABLE 119 Italy Turboexpander Market by Loading Device, 2018 - 2021, USD Million
TABLE 120 Italy Turboexpander Market by Loading Device, 2022 - 2028, USD Million
TABLE 121 Italy Turboexpander Market by Application, 2018 - 2021, USD Million
TABLE 122 Italy Turboexpander Market by Application, 2022 - 2028, USD Million
TABLE 123 Italy Turboexpander Market by End-use, 2018 - 2021, USD Million
TABLE 124 Italy Turboexpander Market by End-use, 2022 - 2028, USD Million
TABLE 125 Italy Turboexpander Market by Power Capacity, 2018 - 2021, USD Million
TABLE 126 Italy Turboexpander Market by Power Capacity, 2022 - 2028, USD Million
TABLE 127 Rest of Europe Turboexpander Market, 2018 - 2021, USD Million
TABLE 128 Rest of Europe Turboexpander Market, 2022 - 2028, USD Million
TABLE 129 Rest of Europe Turboexpander Market by Product, 2018 - 2021, USD Million
TABLE 130 Rest of Europe Turboexpander Market by Product, 2022 - 2028, USD Million
TABLE 131 Rest of Europe Turboexpander Market by Loading Device, 2018 - 2021, USD Million
TABLE 132 Rest of Europe Turboexpander Market by Loading Device, 2022 - 2028, USD Million
TABLE 133 Rest of Europe Turboexpander Market by Application, 2018 - 2021, USD Million
TABLE 134 Rest of Europe Turboexpander Market by Application, 2022 - 2028, USD Million
TABLE 135 Rest of Europe Turboexpander Market by End-use, 2018 - 2021, USD Million
TABLE 136 Rest of Europe Turboexpander Market by End-use, 2022 - 2028, USD Million
TABLE 137 Rest of Europe Turboexpander Market by Power Capacity, 2018 - 2021, USD Million
TABLE 138 Rest of Europe Turboexpander Market by Power Capacity, 2022 - 2028, USD Million
TABLE 139 Key Information – Honeywell International, Inc.
TABLE 140 Key Information – Baker Hughes Company
TABLE 141 Key Information – Siemens AG
TABLE 142 Key Information – Atlas Copco AB
TABLE 143 Key Information – Cryostar
TABLE 144 Key Information – Air Products and Chemicals, Inc.
TABLE 145 Key Information – Chart Industries, Inc.
TABLE 146 Key Information – MAN Energy Solutions SE
TABLE 147 Key Information – Elliott Group
TABLE 148 Key Information – R&D Dynamics Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Baker Hughes Company
FIG 3 Swot analysis: Siemens AG
FIG 4 Recent strategies and developments: Atlas Copco AB