Middle East and Africa Turboexpander Market to 2030 - By Size, Share, Growth by End User and Forecast

The Middle East & Africa turboexpander market was valued at US$ 60.31 million in 2022 and is expected to reach US$ 80.57 million by 2030; it is estimated to record a CAGR of 3.7% from 2022 to 2030.

Technological Advancements Bolster Middle East & Africa Turboexpander Market

Turbine efficiency is one of the major parameters that determine the efficiency and competence of a turboexpander system. As a turboexpander consumes high power, a slight improvement in turbine effectiveness leads to a major improvement in system efficiency. The aerodynamic performance of turbomachines varies on the mean-line design methodology of the rotor and stator. The flexibility and competence of turboexpanders led to a diversity of configurations, which make them flexible in diverse applications. Increasing focus on turbans with high speed and precision is one of the major trends in the turboexpanders market. In addition, with increasingly varying applications, the demand for advanced turboexpanders consisting of advanced active magnetic bearings, a high-frequency variable-speed drive, and a high-speed permanent magnet generator is also surging. Moreover, the elevating demand for high end machineries in large-scale refineries and gas processing stations are anticipated to boost the advanced turboexpanders market growth during the forecast period.

Middle East & Africa Turboexpander Market Overview

According to IEA, the Middle East and Africa generates ~95% of its electricity from oil and gas. More than 290 billion cubic meters of gas, or more than one-third of the region's gas production, and 1.75 million barrels of oil per day are consumed by thermal plants in the region. The oil and gas producing economies of the Middle East & Africa rely heavily on fossil fuels, which raises the carbon intensity of their electricity generation by approximately a fifth compared to the global average. As a result, this region is expected to offer promising opportunities for opting for CCUS-EOR projects to achieve carbon neutrality. In May 2023, the Abu Dhabi National Oil Company (ADNOC) granted three contracts totaling US$ 4 billion to reduce carbon emissions and reach a production capacity of 5 million barrels per day by 2030. The contracts can cover ADNOC's onshore and offshore operations for five years with a two-year extension option. Thus, the growing adoption of carbon-neutral oil and gas production is expected to offer lucrative growth opportunities to the turboexpander market during the forecast period.

Middle East & Africa Turboexpander Market Revenue and Forecast to 2030 (US$ Million)

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Middle East & Africa Turboexpander Strategic Insights

Strategic insights for the Middle East & Africa 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.

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Middle East & Africa Turboexpander Report Scope

Report Attribute	Details
Market size in 2022	US$ 60.31 Million
Market Size by 2030	US$ 80.57 Million
Global CAGR (2022 - 2030)	3.7%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Loading Device Compressor Generator Hydraulic/Oil Brake By Power Capacity Less than 1 MW 1 MW to 20 MW More than 20 MW By End User Oil and Gas Power Generation Industrial
Regions and Countries Covered	Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Elliott Co Air Products & Chemicals Inc Atlas Copco AB Cryostar SAS Turboden SpA L'Air Liquide SA Siemens Energy AG

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Middle East & Africa Turboexpander Regional Insights

The geographic scope of the Middle East & Africa 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.

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Middle East & Africa Turboexpander Market Segmentation

The Middle East & Africa turboexpander market is segmented based on loading device, power capacity, end user, and country. Based on loading device, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa turboexpander market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa 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 Middle East & Africa turboexpander market.

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