Europe Turboexpander Market
No. of Pages: 96 | Report Code: BMIRE00030611 | Category: Electronics and Semiconductor
No. of Pages: 96 | Report Code: BMIRE00030611 | Category: Electronics and Semiconductor
The Europe turboexpander market was valued at US$ 227.77 million in 2022 and is expected to reach US$ 325.78 million by 2030; it is estimated to record a CAGR of 4.6% from 2022 to 2030. Easy Regulation, Low Maintenance Requirements, and High Efficiency Drive Europe Turboexpander Market
Turboexpanders are critical in applications such as industrial gas processing, power recovery, and power generation. They are commonly used in the natural gas industry for liquification and dewpoint management. They are also used in the petrochemical industry primarily for ethylene plant refrigeration and air separation. A sustained performance of this equipment is crucial for the profitability of a business. A turboexpander can aid in attaining the same pressure drop more effortlessly than a valve. Easy regulation and moderate maintenance requirements are a few of the major features of turboexpanders. Nonetheless, turboexpanders need to be monitored frequently after commissioning and in the initial stage of installation. A turboexpander system is generally divided into three major parts: an expander, a compressor, and a bearing. Expander casing is generally made of stainless steel, and compressor casing and bearings are fabricated of carbon steel. Regular monitoring and periodic servicing are enough to maintain a turboexpander for many years. Repair time sometimes varies depending on the severity of the damage.
The design of turboexpanders may vary depending on the plant type. However, original equipment manufacturers (OEMs) have standardized a few of the common components, and some critical parts are exclusive to specific machines. Thus, low maintenance, convenient design, and high efficiency in applications are the major factors driving the turboexpanders market.Europe Turboexpander Market Overview
Russia is the world's third-largest oil producer, following the US and Saudi Arabia. In January 2022, its total oil production reached 11.3 million barrels per day (mb/d), with crude oil accounting for 10 mb/d, condensates at 960 kb/d, and natural gas liquids (NGLs) at 340 kb/d. Notably, Russia stands as the leading exporter of oil to international markets, ranking second only to Saudi Arabia in terms of crude oil exports. In December 2021, oil exports in Russia reached 7.8 mb/d, with crude and condensate contributing 5 mb/d, representing 64% of the total exports. The remaining exports included oil products, totaling 2.85 mb/d. Among these products, gasoil accounted for 1.1 mb/d, fuel oil for 650 kb/d, naphtha for 500 kb/d, and vacuum gas oil (VGO) for 280 kb/d. Gasoline, liquefied petroleum gas (LPG), jet fuel, and petroleum coke comprised the remaining 350 kb/d. The prominence of Russia in global oil production and exports, coupled with its diverse range of oil products, indicates a robust and dynamic energy sector, which, in turn, benefits the turboexpander market in the country.
Europe Turboexpander Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Europe Turboexpander provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Turboexpander refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report Europe Turboexpander Strategic Insights
Get more information on this report Europe Turboexpander Report Scope
Report Attribute
Details
Market size in 2022
US$ 227.77 Million
Market Size by 2030
US$ 325.78 Million
Global CAGR (2022 - 2030)
4.6%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Loading Device
By Power Capacity
By End User
Regions and Countries Covered
Europe
Market leaders and key company profiles
Get more information on this report Europe Turboexpander Regional Insights
Get more information on this report Europe Turboexpander Market Segmentation
The Europe turboexpander market is segmented based on loading device, power capacity, end user, and country. Based on loading device, the Europe turboexpander market is segmented into compressor, generator, and hydraulic/oil brake. The compressor segment held the largest market share in 2022.
In terms of power capacity, the Europe turboexpander market is categorized into less than 1 MW, 1 MW to 20 MW, and more than 20 MW. The 1 MW to 20 MW segment held the largest market share in 2022. The 1 MW to 20 MW segment is further bifurcated into Up to 500 KW and 500 KW to 1 MW.
By end user, the Europe turboexpander market is segmented into oil & gas, power generation, and industrial. The oil & gas segment held the largest market share in 2022.
Based on country, the Europe turboexpander market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia dominated the Europe turboexpander market share in 2022.
Elliott Co, Air Products & Chemicals Inc, Atlas Copco AB, Cryostar SAS, Turboden SpA, L'Air Liquide SA, and Siemens Energy AG are some of the leading players operating in the Europe turboexpander market.
1. Elliott Co
2. Air Products & Chemicals Inc
3. Atlas Copco AB
4. Cryostar SAS
5. Turboden SpA
6. L'Air Liquide SA
7. Siemens Energy AG
The Europe Turboexpander Market is valued at US$ 227.77 Million in 2022, it is projected to reach US$ 325.78 Million by 2030.
As per our report Europe Turboexpander Market, the market size is valued at US$ 227.77 Million in 2022, projecting it to reach US$ 325.78 Million by 2030. This translates to a CAGR of approximately 4.6% during the forecast period.
The Europe Turboexpander Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Turboexpander Market report:
The Europe Turboexpander Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Turboexpander Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Turboexpander Market value chain can benefit from the information contained in a comprehensive market report.
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