North America Turboexpander Market Forecast to 2030

At 6.0% CAGR, North America Turboexpander Market is Speculated to be Worth US$ 656.81 Million by 2030, says the Research Team

According to the Research Team’ research, the North America turboexpander market was valued at US$ 412.01 million in 2022 and is expected to reach US$ 656.81 million by 2030, registering a CAGR of 6.0% from 2022 to 2030. Technological advancements and development of cryogenic expanders are among the critical factors attributed to the North America turboexpander market expansion.

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.

On the contrary, availability of alternatives hampers the growth of North America turboexpander market.

Based on loading device, the North America turboexpander market is categorized into compressor, generator, and hydraulic/oil brake. The compressor segment held 45.9% market share in 2022, amassing US$ 189.01 million. It is projected to garner US$ 291.31 million by 2030 to register 5.6% CAGR during 2022-2030.

In terms of power capacity, the North America turboexpander market is segmented into less than 1 MW, 1 MW to 20 MW, and more than 20 MW. The 1 MW to 20 MW segment held 48.7% share of North America turboexpander market in 2022, amassing US$ 200.72 million. It is projected to garner US$ 328.04 million by 2030 to expand at 6.3% CAGR during 2022-2030. 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 North America turboexpander market is segmented into oil & gas, power generation, and industrial. The oil & gas segment held 54.7% share of North America turboexpander market in 2022, amassing US$ 225.41 million. It is projected to garner US$ 336.60 million by 2030 to expand at 5.1% CAGR during 2022-2030.

Based on country, the North America turboexpander market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.3% share of North America turboexpander market in 2022. It was assessed at US$ 306.32 million in 2022 and is likely to hit US$ 494.25 million by 2030, exhibiting a CAGR of 6.2% during 2022-2030.

Key players operating in the North America turboexpander market are Elliott Co, Air Products & Chemicals Inc, Atlas Copco AB, Cryostar SAS, Turboden SpA, L’Air Liquide SA, Sapphire Technologies Inc, R & D Dynamics Corp, and Siemens Energy AG, among others.

In February 2022, Plug Power partnered with Atlas Copco Mafi-Trench Company LLC and Fives to jointly develop hydrogen liquefaction plants. Liquifying hydrogen makes it easier to transport, leading to cost savings and broader distribution coverage. The collaboration follows Plug Power’s acquisition of Joule Processing LLC, a process solution and engineered equipment provider with a strong track record of execution among the largest EPC and oil and gas midstream companies. The partnership aims to address the biggest needs facing the liquid hydrogen production industry, such as improving the efficiency, cost, and lead time of hydrogen liquefiers. Plug Power expects to commission hydrogen liquefier trains with 15 ton per day and 30 ton per day capacities starting in 2023.

In May 2023, Turboden Spa, Unareti Spa, and Pietro Fiorentini Spa partnered to improve the Macconago gas station in Milan, aiming for greater energy efficiency and decarbonisation. The upgrade includes the installation of a 4 MWe gas expander to recover electricity from natural gas load losses. This is the largest project of its kind in Italy, demonstrating the sector’s commitment to the energy transition and decarbonisation of cities and the country.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America turboexpander market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America turboexpander market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America turboexpander market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Turboexpander Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Raw Material/Equipment Suppliers
4.2.2 Component Manufacturers
4.2.3 End-User
4.2.4 List of Vendors in the Value Chain
5. North America Turboexpander Market – Key Market Dynamics
5.1 Turboexpander Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rise in Demand for Natural Gas
5.2.2 Application in Energy Recovery and Power Generation Operations
5.2.3 Easy Regulation, Low Maintenance Requirements, and High Efficiency
5.3 Market Restraints
5.3.1 Availability of Alternatives
5.4 Market Opportunities
5.4.1 Use of Turboexpander as Distributed Generator
5.4.2 Development of Cryogenic Expanders
5.5 Future Trends
5.5.1 Technological Advancements
5.6 Impact of Drivers and Restraints:
6. Turboexpander Market – North America Market Analysis
6.1 Turboexpander Market Revenue (US$ Million), 2020-2030
6.2 Turboexpander Market Forecast Analysis
7. North America Turboexpander Market Analysis – by Loading Device
7.1 Compressor
7.1.1 Overview
7.1.2 Compressor: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Generator
7.2.1 Overview
7.2.2 Generator: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Hydraulic/Oil Brake
7.3.1 Overview
7.3.2 Hydraulic/Oil Brake: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Turboexpander Market Analysis – by Power Capacity
8.1 Less than 1 MW
8.1.1 Overview
8.1.2 Less than 1 MW: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
8.1.2.1 Up to 500 KW
8.1.2.2 Up to 500 KW: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
8.1.2.3 500 KW to 1 MW
8.1.2.4 500 KW to 1 MW: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
8.2 1 MW to 20 MW
8.2.1 Overview
8.2.2 1 MW to 20 MW: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
8.3 More than 20 MW
8.3.1 Overview
8.3.2 More than 20 MW: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Turboexpander Market Analysis – by End user
9.1 Oil and Gas
9.1.1 Overview
9.1.2 Oil and Gas: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Power Generation
9.2.1 Overview
9.2.2 Power Generation: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
10. North America Turboexpander Market – Country Analysis
10.1 North America
10.1.1 North America Turboexpander Market Overview
10.1.2 North America: Turboexpander Market – Revenue and Forecast Analysis – by Country
10.1.2.1 North America: Turboexpander Market – Revenue and Forecast Analysis – by Country
10.1.2.2 US: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.2.1 US: Turboexpander Market Breakdown, by Loading Device
10.1.2.2.2 US: Turboexpander Market Breakdown, by Power Capacity
10.1.2.2.3 US: Turboexpander Market Breakdown, by Less Than 1 Mw
10.1.2.2.4 US: Turboexpander Market Breakdown, by End user
10.1.2.3 Canada: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.3.1 Canada: Turboexpander Market Breakdown, by Loading Device
10.1.2.3.2 Canada: Turboexpander Market Breakdown, by Power Capacity
10.1.2.3.3 Canada: Turboexpander Market Breakdown, by Less Than 1 Mw
10.1.2.3.4 Canada: Turboexpander Market Breakdown, by End user
10.1.2.4 Mexico: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
10.1.2.4.1 Mexico: Turboexpander Market Breakdown, by Loading Device
10.1.2.4.2 Mexico: Turboexpander Market Breakdown, by Power Capacity
10.1.2.4.3 Mexico: Turboexpander Market Breakdown, by Less Than 1 Mw
10.1.2.4.4 Mexico: Turboexpander Market Breakdown, by End user
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 Elliott Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Air Products & Chemicals Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Atlas Copco AB
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cryostar SAS
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Turboden SpA
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 L’Air Liquide SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Sapphire Technologies Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 R & D Dynamics Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Siemens Energy AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams

LIST OF TABLES

Table 1. Turboexpander Market Segmentation
Table 2. List of Vendors
Table 3. Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Turboexpander Market – Revenue and Forecast to 2030 (US$ Million) – by Loading Device
Table 5. Turboexpander Market – Revenue and Forecast to 2030 (US$ Million) – by Power Capacity
Table 6. Turboexpander Market – Revenue and Forecast to 2030 (US$ Million) – by End user
Table 7. North America: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 8. US: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 9. US: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 10. US: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 11. US: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by End user
Table 12. Canada: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 13. Canada: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 14. Canada: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 15. Canada: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by End user
Table 16. Mexico: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 17. Mexico: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 18. Mexico: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 19. Mexico: Turboexpander Market – Revenue and Forecast to 2030(US$ Million) – by End user

LIST OF FIGURES

Figure 1. Turboexpander Market Segmentation, by Country
Figure 2. Ecosystem: Turboexpander Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Turboexpander Market Revenue (US$ Million), 2020-2030
Figure 5. Turboexpander Market Share (%) – by Loading Device (2022 and 2030)
Figure 6. Compressor: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Generator: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Hydraulic/Oil Brake: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Turboexpander Market Share (%) – by Power Capacity (2022 and 2030)
Figure 10. Less than 1 MW: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Up to 500 KW: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. 500 KW to 1 MW: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. 1 MW to 20 MW: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. More than 20 MW: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Turboexpander Market Share (%) – by End user (2022 and 2030)
Figure 16. Oil and Gas: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Power Generation: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Industrial: Turboexpander Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. North America: Turboexpander Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 20. North America: Turboexpander Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. US: Turboexpander Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. Canada: Turboexpander Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Mexico: Turboexpander Market – Revenue and Forecast to 2030(US$ Million)