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