Turboexpanders have recently gained popularity in the oil and gas industry for extracting hydrocarbon liquids from natural gas.

DUBLIN, July 14, 2022 (GLOBE NEWSWIRE) — “Global Turboexpander Market Size, Share & Industry Trends Analysis Report, By Product, Loading Equipment, Application, End-use, Power Capacity, Regional Outlook and Forecasts, 2022- 2028″ report has been added to ResearchAndMarkets.com’s offerings.The global turboexpander market size is expected to reach USD 1.3 billion by 2028, growing at a CAGR of 4.5% over the forecast period.A turboexpander is an axial flow expander turbine used in process facilities to recover thermal energy from high temperature pressurized gas streams and convert it into mechanical energy.A compressor or generator is powered by this mechanical energy.Turboexpanders have recently gained popularity in the oil and gas industry for extracting hydrocarbon liquids from natural gas.
Turboexpanders are widely used in petrochemical applications such as nitrogen, hydrogen and ethylene liquefied natural gas.Oil and gas continue to dominate the energy landscape.Some countries are moving away from dirty energy.Natural gas is one of the most suitable alternatives to fossil fuels.It produces less carbon dioxide and burns cleaner than coal.As a result, operators are continuously investing in increasing natural gas production, which is likely to drive the expansion of the turboexpander market.Furthermore, the market is expected to rise owing to the continuous technological development in bearing technology and greater demand for Active Magnetic Bearings (AMB).Oil-impregnated bearings in turboexpanders.Rising industry awareness to reduce greenhouse gas (GHG) emissions is expected to further drive the demand for turbo expanders in geothermal and heat recovery applications.Domestic demand for LNG and the resulting need to store and transport LNG is expected to increase the demand for turbo expanders.Natural gas is seen as a greener and more reliable energy source.In October 2021, local energy suppliers such as Sinopec, CNOOC, Zhejiang Energy and U.S. natural exporter Cheniere Energy (LNG. A) and venture capital global.The goal of the effort is to build a long-term partnership to avoid a shortage of LNG supplies due to rising gas prices and domestic power problems caused by low coal production.COVID-19 Impact Analysis
The turboexpander market has seen a moderate downturn due to the COVID-19 outbreak.Falling gas consumption across economies is to blame, prompting many companies to reschedule or delay investment options for LNG projects.As a result, the deployment of the new turboexpander has been delayed by two to three years.
However, the demand for liquid oxygen has increased dramatically since the onset of the pandemic, prompting many governments to announce plans to build more oxygen plants.This opens up new growth opportunities for turboexpander OEMs through 2021, which are expected to continue in the years to come.Natural gas demand fell by 4% in 2020 due to the cumulative effect of low heating demand after a mild winter, lockdown restrictions imposed in almost all countries, and a decline in physical activity levels due to the macroeconomic crisis triggered by COVID-19. Market Growth Factors
Natural gas consists primarily of methane (CH4), with small amounts of heavier hydrocarbon gases including propane (C3H8), ethane (C2H6) and n-butane (nC4H10), isobutane (iC4H10), pentane, and more molecular weight hydrocarbons.Acid gases such as hydrogen sulfide (H2S), carbon dioxide (CO2), and mercaptans such as methyl mercaptan (CH3SH) and ethyl mercaptan (ETH) are also present in crude oil (C2H5SH).
These heavier hydrocarbons are called NGLs when they are converted into final products (natural gas liquids).Turboexpanders and low column extraction temperatures are commonly used in the extraction of NGLs, also known as demethanizers.In the heat exchanger, the incoming gas is compressed to around -51 degrees Celsius.The gas produced by the liquid combination is divided into a liquid-gas stream and a liquid stream.The liquid flows through the valve and undergoes an isenthalpic process, reducing the flow temperature from approximately -51°C to approximately -81°C.Advances in Turboexpander Air Conditioning Service
Turboexpanders are required for cryogenic, refrigeration and cryogenic services.The main purpose of this turbo expander is to minimize the temperature of the energy in the high pressure gas stream.The expansion cools the gas significantly, while also providing mechanical power to rotate the tool to perform beneficial tasks.In some embodiments, the turboexpander is connected to the compressor and the work produced is used to compress the gas in the process.Turboexpanders and compressors are sometimes combined into a single machine with a single shaft.In many refrigeration, cryogenic and cryogenic gas applications, turboexpanders can produce cryogenic gas that is more efficient than “Joule-Thomson” (JT) valves or other solutions.market constraints
Between the furnace/reactor and the final product, most processing plants employ a single-stage or multi-stage effluent system.These systems reduce flow pressure while maintaining media integrity.When the pressure is reduced, energy is released in multiple stages, allowing the flow to stabilize before reaching the desired product conditions or downstream extrusion processes.Depending on the medium and process conditions, control valves and isolation valves are available for the discharge system.These valves can be subject to turbulence, vibration and noise, while reducing high pressure and/or velocity, as well as wear, corrosion and sticky sludge.
Chapter 2 Market Overview Chapter 3 Strategies Deployed in the Turboexpander Market Chapter 4 Global Turboexpander Market by Product 4.1 Global Radial Flow Market by Region.2 Global Generator Market by Region 5.3 Global Generator Market by Region Chapter 6 of the Global Hydraulic/Oil Brake Market by Region.Global Turboexpander Market by Application 6.1 Global Cryogenics Market by Region 6.2 Global Air Separation Market by Region 6.3 Global Oil and Gas Processing Market by Region 6.4 Global Other Markets by Region Chapter 7 7.1 Global Oil & Gas Market by Region 7.2 Global Energy & Power Market by Region 7.3 Global Chemical & Petrochemical Market by Region 7.4 Global Other Markets by Region Chapter 8 . Global Turboexpander Market by Power Capacity 8.1 Global 1MW – 4 MW Market by Region 8.2 Global 5MW – 9MW Market by Region 8.3 Global Less than 1 MW Market by Region 8.4 Global 10MW – 19MW Market ( By Region) 8.5 Global 20MW – 24 MW Market (By Region) 8.6 Global 25 MW – 40 MW Market (By Region) 8.7 Global Other Markets (By Region) Chapter 9.Chapter 10 of the Global Turboexpander Market by Regions.Company Profile 10.1 Honeywell International, Inc. 10.1.1 Company Overview 10.1.2 Financial Analysis 10.1.3 Segment and Regional Analysis 10.1.4 Research and Development Expenses 10.2 Baker Hughes Corporation 10.2.1 Company Overview 10.2.2 Financial Analysis 10.2 .3 Segment and Regional Analysis 10.2.4 Research and Development Expenses 10.2.5 Recent Strategies and Developments: Acquisitions and Mergers: Geographical Expansion: 10.3 Siemens AG 10.3.1 Company Overview 10.3.2 Financial Analysis 10.3.3 Points Segment and Regional Analysis 10.3.4 R&D Expenses 10.3.5 SWOT Analysis 10.4 Atlas Copco AB10 .4.1 Company Overview 10.4.2 Financial Analysis 10.4.3 Segment and Regional Analysis 10.4.4 R&D Expenses 10.4.5 Near-Term Strategies And Development: Partnership, Kohl’s Waiver and Agreement: Product Launch and Product Expansion: 10.5 Cryostar (Linde plc) 10.5.1 Company Overview 10.5.2 Financial Analysis 10.5.3 Segment Analysis 10.5.4 Research and Development Expenses 10.6 Air Products and Chemicals, Inc. 10.6.1 Company Overview 10.6.2 Financial Analysis 10.6.3 Sector and Regional Analysis 10.6.4 Research and Development Expenses 10.6.5 Recent Strategies and Developments: Partnerships, Collaborations and Agreements: Acquisitions and Mergers: 10.7 Chart Industries, Inc. (First Reserve) 10.7.1 Company Overview 10.7.2 Financial Analysis 10.7.3 Segment and Regional Analysis 10.7.4 Research and Development Expenses 10.7.5 Recent Strategies and Developments: 10.7 .5.1 Acquisitions and Mergers: 10.8 MAN Energy Solutions SE (Volkswagen Group) 10.8.1 Company Overview 10.8.2 Financial Analysis 10.8.3 Segment and Regional Analysis 10.8.4 Research and Development Expenses 10.9 Elliott Group (Ebara Corporation) 10.9.1 Company General 10.9.2 Financial Analysis 10.9.3 Segment and Regional Analysis 10.9.4 Research and Development Expenses 10.10.R&D Dynamics Corporation10.10.1 Company Profile

Post time: Jul-18-2022