The North America Turboexpander Market is expected to witness market growth of 3.8% CAGR during the forecast period (2022-2028).
The energy output is proportional to pressure ratio, temperature, and flow rate. In a turbo-expander, the gas is cooled by the Joule-Thomson effect. The larger the flow maximum pressure difference, the greater the potential energy output. Using a turbo-expander instead of a standard Joule-Thomson valve can help chill a wide range of processes, including dewpoint, refrigeration, and natural gas liquefaction. Modern turbo-expander installations use efficient methods for dealing with this temperature loss in particular conditions.
There are two main configurations for turbo-expander generators, one with the generator installed directly on the turbine shaft, and the other with a connection via speed-reducing gears. Multi-staging is possible with an integral gearing option, which allows numerous expander stages to be installed on a single gearbox. Skid-mounted turbo-expander generators simplify transportation and lower installation costs.
The oil and gas and mining industries in the United States are major export markets for machinery, equipment, and overall supply chain items and services. U.S. manufacturers have a huge cost advantage over competitors due to their embrace of innovative technology and cost leadership.
Canada possesses the world's third-largest crude oil reserves, accounting for 97 percent of the country's 171 billion barrels. The geological basin for natural gas production in Canada is shared by Alberta, Saskatchewan, and British Columbia. Meanwhile, shale gas deposits can be discovered in practically every Canadian province. The oil and natural gas sectors are important drivers of the Canadian economy, accounting for 7% of GDP and employing more than 500,000 people across the country.
The US market dominated the North America Turboexpander Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $235.1 million by 2028. The Canada market is estimated to grow at a CAGR of 6.1% during (2022 - 2028). Additionally, The Mexico market is expected to display a CAGR of 5.2% 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 U.S., Mexico, Canada, and Rest of North America.
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.
The energy output is proportional to pressure ratio, temperature, and flow rate. In a turbo-expander, the gas is cooled by the Joule-Thomson effect. The larger the flow maximum pressure difference, the greater the potential energy output. Using a turbo-expander instead of a standard Joule-Thomson valve can help chill a wide range of processes, including dewpoint, refrigeration, and natural gas liquefaction. Modern turbo-expander installations use efficient methods for dealing with this temperature loss in particular conditions.
There are two main configurations for turbo-expander generators, one with the generator installed directly on the turbine shaft, and the other with a connection via speed-reducing gears. Multi-staging is possible with an integral gearing option, which allows numerous expander stages to be installed on a single gearbox. Skid-mounted turbo-expander generators simplify transportation and lower installation costs.
The oil and gas and mining industries in the United States are major export markets for machinery, equipment, and overall supply chain items and services. U.S. manufacturers have a huge cost advantage over competitors due to their embrace of innovative technology and cost leadership.
Canada possesses the world's third-largest crude oil reserves, accounting for 97 percent of the country's 171 billion barrels. The geological basin for natural gas production in Canada is shared by Alberta, Saskatchewan, and British Columbia. Meanwhile, shale gas deposits can be discovered in practically every Canadian province. The oil and natural gas sectors are important drivers of the Canadian economy, accounting for 7% of GDP and employing more than 500,000 people across the country.
The US market dominated the North America Turboexpander Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $235.1 million by 2028. The Canada market is estimated to grow at a CAGR of 6.1% during (2022 - 2028). Additionally, The Mexico market is expected to display a CAGR of 5.2% 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 U.S., Mexico, Canada, and Rest of North America.
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
- Radial Flow
- Axial Flow
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
- US
- Canada
- Mexico
- Rest of North America
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
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 4. North America Turboexpander Market by Product
Chapter 5. North America Turboexpander Market by Loading Device
Chapter 6. North America Turboexpander Market by Application
Chapter 7. North America Turboexpander Market by End-use
Chapter 8. North America Turboexpander Market by Power Capacity
Chapter 9. North America Turboexpander Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- 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
Methodology
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![Turboexpander Market Size and Forecasts, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Loading Device, Power Capacity [Less than 1 MW, 1 MW to 20 MW, and More than 20 MW], End User, and Geography - Product Image](http://www.researchandmarkets.com/product_images/11634/11634370_60px_jpg/turbo_expanders_market.jpg)
