QYResearch: The global market for Turbo Expander is expected to reach about 584.75 M USD by 2021
http://www.qyresearchglobal.com/goods-675155.html According to QYResearch, The global market for Turbo Expander is expected to reach about 584.75 M USD by 2021 from 514.45 M USD in 2016.
http://www.qyresearchglobal.com/goods-675155.html
According to QYResearch, The global market for Turbo Expander is expected to reach about 584.75 M USD by 2021 from 514.45 M USD in 2016.
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<strong>QYResearch</strong>: <strong>The</strong> <strong>global</strong> <strong>market</strong><br />
<strong>for</strong> <strong>Turbo</strong> <strong>Expander</strong> <strong>is</strong> <strong>expected</strong><br />
<strong>to</strong> <strong>reach</strong> <strong>about</strong> <strong>584.75</strong> M <strong>USD</strong><br />
<strong>by</strong> <strong>2021</strong><br />
QYRESEARCH FOCUS ON MARKET<br />
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<strong>QYResearch</strong><br />
<strong>Turbo</strong> expander <strong>is</strong> a machine, which continuously converts kinetic energy in<strong>to</strong><br />
mechanical energy. Th<strong>is</strong> <strong>is</strong> done <strong>by</strong> expanding the high pressure gas from upstream<br />
<strong>to</strong> a lower pressure downstream through the <strong>Expander</strong>. <strong>The</strong> high pressure gas<br />
causes the radial expander <strong>to</strong> rotate. Rotation <strong>is</strong> transmitted <strong>to</strong> the shaft, which <strong>is</strong><br />
supported <strong>by</strong> a set of bearings. <strong>The</strong> power transmitted <strong>to</strong> the shaft can be used <strong>to</strong><br />
drive a compressor, drive an electrical genera<strong>to</strong>r or can be d<strong>is</strong>sipated through an oil<br />
brake or air brake. <strong>Turbo</strong> <strong>Expander</strong> <strong>is</strong> also referred <strong>to</strong> as a turbo-expander or an<br />
expansion turbine, <strong>is</strong> a centrifugal or axial flow turbine through which a high<br />
pressure gas <strong>is</strong> expanded <strong>to</strong> produce work that <strong>is</strong> often used <strong>to</strong> drive a compressor.<br />
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<strong>QYResearch</strong><br />
First, the turbo expander revenue was $534.16 million in 2015 and <strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong><br />
$<strong>584.75</strong> million in <strong>2021</strong>, growing at a CAGR of 1.55% from 2015 <strong>to</strong> <strong>2021</strong>. China`s<br />
production accounted <strong>for</strong> the highest <strong>market</strong> share (45.39 %) in 2015, followed <strong>by</strong><br />
Europe. China <strong>is</strong> <strong>expected</strong> <strong>to</strong> maintain its leading position <strong>for</strong> the next five years owing<br />
<strong>to</strong> the increasing demand of turbo expander products.<br />
Second, the <strong>global</strong> turbo expander industry mainly concentrates in China, Europe and<br />
North America. <strong>The</strong> <strong>global</strong> leading players in th<strong>is</strong> <strong>market</strong> are Cryostar, Atlas Copco and<br />
GE oil &gas, which accounts <strong>for</strong> 34.97% of <strong>to</strong>tal consumption value. In China the <strong>market</strong><br />
leaders are Hangyang Group, SASPG and HNEC.<br />
Third, the turbo expander <strong>is</strong> mainly used in liquefaction of gases and power generation<br />
field. <strong>The</strong> main application <strong>market</strong> <strong>is</strong> air separation which accounts <strong>for</strong> 59.71% in value in<br />
2015 and it <strong>is</strong> <strong>for</strong>ecasted that share will down <strong>to</strong> 57.23% in <strong>2021</strong>.<br />
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<strong>QYResearch</strong><br />
Forth, a major challenge affecting the <strong>market</strong> growth <strong>is</strong> the limitation of downstream <strong>market</strong>. As<br />
large demand of high-end products at home and abroad, many companies began <strong>to</strong> enter the field<br />
of high-end. Currently, the Chinese turbo expander industry <strong>is</strong> not only begin <strong>to</strong> transit <strong>to</strong> highend<br />
turbo expander products, while still extend in the resource-rich land and downstream<br />
industry chain.<br />
Fifth, the people’s awareness of environment and comprehensive utilization of resources continues<br />
<strong>to</strong> be ra<strong>is</strong>ed; the application <strong>for</strong> power generation will be increased. Despite the presence of<br />
competition problems, due <strong>to</strong> the <strong>global</strong> recovery trend <strong>is</strong> clear, inves<strong>to</strong>rs are still optim<strong>is</strong>tic<br />
<strong>about</strong> th<strong>is</strong> area; the future will still have more new investment enter the field. In the next five<br />
years, the consumption volume will keep slow increasing, as well as the consumption value.<br />
Finally, although sales of turbo expander products bring a lot of opportunities, the study group<br />
recommends the new entrants who just have money but without technical advantage, raw<br />
materials advantage and downstream support, do not enter in<strong>to</strong> the turbo expander field hastily.<br />
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<strong>QYResearch</strong><br />
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