Turboexpander Market Strategies, Trends, and Forecast by 2030
The turboexpander market size is projected to rise from US$ 1,106.97 million in 2022 to US$ 1,751.48 million by 2030; the market is expected to grow at a CAGR of 5.9% during 2022–2030. The significantly growing demand for natural gas is likely to remain a key turboexpander market trend.
Turboexpander Market Analysis
A turboexpander primarily reduces the pressure of a gas stream by facilitating expansion. As an outcome, the enthalpy and temperature of the gas are decreased. This decline in temperature is accompanied by the condensation of substantial hydrocarbons into liquids. Turboexpanders help attain isentropic power as high as 90%, which results in much lower discharge temperatures. The high reliability of turboexpanders is attributed to their minimalistic construction and hermetically sealed design. Some plants have been operating with the same turboexpander for many decades, following a proper maintenance schedule. The main advantages of turboexpanders over regulators are that the former can moderate and reduce the gas pressure to a desired level, and electricity can be generated from the energy attained from a reduced gas pressure.
Turboexpander Market Overview
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.
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Turboexpander Market: Strategic Insights
Market Size Value in US$ 1,106.97 million in 2022 Market Size Value by US$ 1,751.48 million by 2030 Growth rate CAGR of 5.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Turboexpander Market: Strategic Insights
Market Size Value in | US$ 1,106.97 million in 2022 |
Market Size Value by | US$ 1,751.48 million by 2030 |
Growth rate | CAGR of 5.9% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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Speak to AnalystTurboexpander Market Drivers and Opportunities
Easy Regulation, Low Maintenance Requirements, and High Efficiency to Favor Market
Turboexpanders are critical in applications such as industrial gas processing, power recovery, and power generation. They are commonly used in the natural gas industry for liquification and dewpoint management. They are also used in the petrochemical industry primarily for ethylene plant refrigeration and air separation. A sustained performance of this equipment is crucial for the profitability of a business. A turboexpander can aid in attaining the same pressure drop more effortlessly than a valve. Easy regulation and moderate maintenance requirements are a few of the major features of turboexpanders.
Nonetheless, turboexpanders need to be monitored frequently after commissioning and in the initial stage of installation. The design of turboexpanders may vary depending on the plant type. However, original equipment manufacturers (OEMs) have standardized a few of the common components, and some critical parts are exclusive to specific machines. Thus, low maintenance, convenient design, and high efficiency in applications are the major factors driving the turboexpanders market.
Development of Cryogenic Expanders– An Opportunity in Turboexpander Market
Cryogenic liquids are gases in the liquefied form at low-temperature conditions. Cryogenic turbines facilitate the expansion of liquefied gas to decrease pressure and convert hydraulic energy to electric energy to control the enthalpy of liquefied gas and aid energy recovery. The cryogenic expanders are being used in diverse application areas, including refineries, ethylene plants, air separation facilities, and gas processing plants. These expanders help in generating the coldest level of refrigeration and large quantities of liquid are condensed in the gas expansion process. Thus, advancements in cryogenic turbines are anticipated to provide growth opportunities in the turboexpanders market during the forecast period.
Turboexpander Market Report Segmentation Analysis
Key segments that contributed to the derivation of the turboexpander market analysis are loading devices, power capacity, and end-user.
- Based on the loading device, the turboexpander market has been divided into compressor, generator, and hydraulic/oil brake. The compressor segment held a larger market share in 2022.
- In terms of power capacity, the market has been segmented into less than 1 MW (Up to 500 KW and 500 KW to 1 MW), 1 MW to 20 MW, and more than 20 MW. The 1 MW to 20 MW segment dominated the market in 2022.
- In terms of end-user, the market has been segmented into oil and gas, power generation, and industrial. The oil and gas segment dominated the market in 2022.
Turboexpander Market Share Analysis by Geography
The geographic scope of the Turboexpander Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has a robust and dynamic turboexpander market, mainly driven by the thriving oil and natural gas industry. With the US, Canada, and Mexico leading the way, this region demonstrates significant potential for market growth and innovation. In the US, dry natural gas production reached a record high in 2022, primarily due to developments in horizontal drilling and hydraulic fracturing techniques. This surge in production, especially in shale, sandstone, carbonate, and other tight geologic formations, has created a strong demand for turboexpanders.
Turboexpander Market Report Scope
Turboexpander Market News and Recent Developments
The Turboexpander Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In April 2023, Rotoflow, an Air Products business, signed a Memorandum of Understanding with SKF S2M to expand its services to turbomachinery customers through its Dharan Solutions Center in Saudi Arabia. (Source: Air Products & Chemicals Inc., Press Release/Company Website/Newsletter)
- 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 decarbonization. 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 decarbonization of cities and the country. (Source: Turboden Spa, Press Release/Company Website/Newsletter)
Turboexpander Market Report Coverage and Deliverables
The “Turboexpander Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering the following areas:
- Turboexpander Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Turboexpander Market trends
- Detailed PEST and SWOT analysis
- Turboexpander Market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
- Turboexpander Market Industry, landscape and competition analysis, covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Loading Device, Power Capacity, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 The Insight Partners 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. Turboexpander market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material/Equipment Suppliers
4.3.2 Component Manufacturers
4.3.3 End-User
4.3.4 List of Vendors in the Value Chain
5. 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 – Global Market Analysis
6.1 Turboexpander market Revenue (US$ Million), 2022–2030
6.2 Turboexpander market Forecast Analysis
7. 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. 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 KW to 1 MW
8.1.2.4 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. 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. Turboexpander market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Turboexpander market Overview
10.2.2 North America: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.2.3 North America: Turboexpander market Breakdown, by Loading Device
10.2.3.1 North America: Turboexpander market – Revenue and Forecast Analysis – by Loading Device
10.2.4 North America: Turboexpander market Breakdown, by Power Capacity
10.2.4.1 North America: Turboexpander market – Revenue and Forecast Analysis – by Power Capacity
10.2.5 North America: Turboexpander market Breakdown, by Less Than 1 Mw
10.2.5.1 North America: Turboexpander market – Revenue and Forecast Analysis – by Less Than 1 Mw
10.2.6 North America: Turboexpander market Breakdown, by End-user
10.2.6.1 North America: Turboexpander market – Revenue and Forecast Analysis – by End-user
10.2.7 North America: Turboexpander market – Revenue and Forecast Analysis – by Country
10.2.7.1 North America: Turboexpander market – Revenue and Forecast Analysis – by Country
10.2.7.2 US: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.2.7.2.1 US: Turboexpander market Breakdown, by Loading Device
10.2.7.2.2 US: Turboexpander market Breakdown, by Power Capacity
10.2.7.2.3 US: Turboexpander market Breakdown, by Less Than 1 Mw
10.2.7.2.4 US: Turboexpander market Breakdown, by End-user
10.2.7.3 Canada: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.2.7.3.1 Canada: Turboexpander market Breakdown, by Loading Device
10.2.7.3.2 Canada: Turboexpander market Breakdown, by Power Capacity
10.2.7.3.3 Canada: Turboexpander market Breakdown, by Less Than 1 Mw
10.2.7.3.4 Canada: Turboexpander market Breakdown, by End-user
10.2.7.4 Mexico: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.2.7.4.1 Mexico: Turboexpander market Breakdown, by Loading Device
10.2.7.4.2 Mexico: Turboexpander market Breakdown, by Power Capacity
10.2.7.4.3 Mexico: Turboexpander market Breakdown, by Less Than 1 Mw
10.2.7.4.4 Mexico: Turboexpander market Breakdown, by End-user
10.3 Europe
10.3.1 Europe Turboexpander market Overview
10.3.2 Europe: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.3.3 Europe: Turboexpander market Breakdown, by Loading Device
10.3.3.1 Europe: Turboexpander market – Revenue and Forecast Analysis – by Loading Device
10.3.4 Europe: Turboexpander market Breakdown, by Power Capacity
10.3.4.1 Europe: Turboexpander market – Revenue and Forecast Analysis – by Power Capacity
10.3.5 Europe: Turboexpander market Breakdown, by Less Than 1 Mw
10.3.5.1 Europe: Turboexpander market – Revenue and Forecast Analysis – by Less Than 1 Mw
10.3.6 Europe: Turboexpander market Breakdown, by End-user
10.3.6.1 Europe: Turboexpander market – Revenue and Forecast Analysis – by End-user
10.3.7 Europe: Turboexpander market – Revenue and Forecast Analysis – by Country
10.3.7.1 Europe: Turboexpander market – Revenue and Forecast Analysis – by Country
10.3.7.2 Germany: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.3.7.2.1 Germany: Turboexpander market Breakdown, by Loading Device
10.3.7.2.2 Germany: Turboexpander market Breakdown, by Power Capacity
10.3.7.2.3 Germany: Turboexpander market Breakdown, by Less Than 1 Mw
10.3.7.2.4 Germany: Turboexpander market Breakdown, by End-user
10.3.7.3 Italy: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.3.7.3.1 Italy: Turboexpander market Breakdown, by Loading Device
10.3.7.3.2 Italy: Turboexpander market Breakdown, by Power Capacity
10.3.7.3.3 Italy: Turboexpander market Breakdown, by Less Than 1 Mw
10.3.7.3.4 Italy: Turboexpander market Breakdown, by End-user
10.3.7.4 France: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.3.7.4.1 France: Turboexpander market Breakdown, by Loading Device
10.3.7.4.2 France: Turboexpander market Breakdown, by Power Capacity
10.3.7.4.3 France: Turboexpander market Breakdown, by Less Than 1 Mw
10.3.7.4.4 France: Turboexpander market Breakdown, by End-user
10.3.7.5 UK: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.3.7.5.1 UK: Turboexpander market Breakdown, by Loading Device
10.3.7.5.2 UK: Turboexpander market Breakdown, by Power Capacity
10.3.7.5.3 UK: Turboexpander market Breakdown, by Less Than 1 Mw
10.3.7.5.4 UK: Turboexpander market Breakdown, by End-user
10.3.7.6 Russia: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.3.7.6.1 Russia: Turboexpander market Breakdown, by Loading Device
10.3.7.6.2 Russia: Turboexpander market Breakdown, by Power Capacity
10.3.7.6.3 Russia: Turboexpander market Breakdown, by Less Than 1 Mw
10.3.7.6.4 Russia: Turboexpander market Breakdown, by End-user
10.3.7.7 Rest of Europe: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.3.7.7.1 Rest of Europe: Turboexpander market Breakdown, by Loading Device
10.3.7.7.2 Rest of Europe: Turboexpander market Breakdown, by Power Capacity
10.3.7.7.3 Rest of Europe: Turboexpander market Breakdown, by Less Than 1 Mw
10.3.7.7.4 Rest of Europe: Turboexpander market Breakdown, by End-user
10.4 Asia Pacific
10.4.1 Asia Pacific Turboexpander market Overview
10.4.2 Asia Pacific: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.4.3 Asia Pacific: Turboexpander market Breakdown, by Loading Device
10.4.3.1 Asia Pacific: Turboexpander market – Revenue and Forecast Analysis – by Loading Device
10.4.4 Asia Pacific: Turboexpander market Breakdown, by Power Capacity
10.4.4.1 Asia Pacific: Turboexpander market – Revenue and Forecast Analysis – by Power Capacity
10.4.5 Asia Pacific: Turboexpander market Breakdown, by Less Than 1 Mw
10.4.5.1 Asia Pacific: Turboexpander market – Revenue and Forecast Analysis – by Less Than 1 Mw
10.4.6 Asia Pacific: Turboexpander market Breakdown, by End-user
10.4.6.1 Asia Pacific: Turboexpander market – Revenue and Forecast Analysis – by End-user
10.4.7 Asia Pacific: Turboexpander market – Revenue and Forecast Analysis – by Country
10.4.7.1 Asia Pacific: Turboexpander market – Revenue and Forecast Analysis – by Country
10.4.7.2 Australia: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.4.7.2.1 Australia: Turboexpander market Breakdown, by Loading Device
10.4.7.2.2 Australia: Turboexpander market Breakdown, by Power Capacity
10.4.7.2.3 Australia: Turboexpander market Breakdown, by Less Than 1 Mw
10.4.7.2.4 Australia: Turboexpander market Breakdown, by End-user
10.4.7.3 China: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.4.7.3.1 China: Turboexpander market Breakdown, by Loading Device
10.4.7.3.2 China: Turboexpander market Breakdown, by Power Capacity
10.4.7.3.3 China: Turboexpander market Breakdown, by Less Than 1 Mw
10.4.7.3.4 China: Turboexpander market Breakdown, by End-user
10.4.7.4 India: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.4.7.4.1 India: Turboexpander market Breakdown, by Loading Device
10.4.7.4.2 India: Turboexpander market Breakdown, by Power Capacity
10.4.7.4.3 India: Turboexpander market Breakdown, by Less Than 1 Mw
10.4.7.4.4 India: Turboexpander market Breakdown, by End-user
10.4.7.5 Japan: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.4.7.5.1 Japan: Turboexpander market Breakdown, by Loading Device
10.4.7.5.2 Japan: Turboexpander market Breakdown, by Power Capacity
10.4.7.5.3 Japan: Turboexpander market Breakdown, by Less Than 1 Mw
10.4.7.5.4 Japan: Turboexpander market Breakdown, by End-user
10.4.7.6 South Korea: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.4.7.6.1 South Korea: Turboexpander market Breakdown, by Loading Device
10.4.7.6.2 South Korea: Turboexpander market Breakdown, by Power Capacity
10.4.7.6.3 South Korea: Turboexpander market Breakdown, by Less Than 1 Mw
10.4.7.6.4 South Korea: Turboexpander market Breakdown, by End-user
10.4.7.7 Rest of Asia Pacific: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.4.7.7.1 Rest of Asia Pacific: Turboexpander market Breakdown, by Loading Device
10.4.7.7.2 Rest of Asia Pacific: Turboexpander market Breakdown, by Power Capacity
10.4.7.7.3 Rest of Asia Pacific: Turboexpander market Breakdown, by Less Than 1 Mw
10.4.7.7.4 Rest of Asia Pacific: Turboexpander market Breakdown, by End-user
10.5 Middle East and Africa
10.5.1 Middle East and Africa Turboexpander market Overview
10.5.2 Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.5.3 Middle East and Africa: Turboexpander market Breakdown, by Loading Device
10.5.3.1 Middle East and Africa: Turboexpander market – Revenue and Forecast Analysis – by Loading Device
10.5.4 Middle East and Africa: Turboexpander market Breakdown, by Power Capacity
10.5.4.1 Middle East and Africa: Turboexpander market – Revenue and Forecast Analysis – by Power Capacity
10.5.5 Middle East and Africa: Turboexpander market Breakdown, by Less Than 1 Mw
10.5.5.1 Middle East and Africa: Turboexpander market – Revenue and Forecast Analysis – by Less Than 1 Mw
10.5.6 Middle East and Africa: Turboexpander market Breakdown, by End-user
10.5.6.1 Middle East and Africa: Turboexpander market – Revenue and Forecast Analysis – by End-user
10.5.7 Middle East and Africa: Turboexpander market – Revenue and Forecast Analysis – by Country
10.5.7.1 Middle East and Africa: Turboexpander market – Revenue and Forecast Analysis – by Country
10.5.7.2 South Africa: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.5.7.2.1 South Africa: Turboexpander market Breakdown, by Loading Device
10.5.7.2.2 South Africa: Turboexpander market Breakdown, by Power Capacity
10.5.7.2.3 South Africa: Turboexpander market Breakdown, by Less Than 1 Mw
10.5.7.2.4 South Africa: Turboexpander market Breakdown, by End-user
10.5.7.3 Saudi Arabia: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.5.7.3.1 Saudi Arabia: Turboexpander market Breakdown, by Loading Device
10.5.7.3.2 Saudi Arabia: Turboexpander market Breakdown, by Power Capacity
10.5.7.3.3 Saudi Arabia: Turboexpander market Breakdown, by Less Than 1 Mw
10.5.7.3.4 Saudi Arabia: Turboexpander market Breakdown, by End-user
10.5.7.4 UAE: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.5.7.4.1 UAE: Turboexpander market Breakdown, by Loading Device
10.5.7.4.2 UAE: Turboexpander market Breakdown, by Power Capacity
10.5.7.4.3 UAE: Turboexpander market Breakdown, by Less Than 1 Mw
10.5.7.4.4 UAE: Turboexpander market Breakdown, by End-user
10.5.7.5 Rest of Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.5.7.5.1 Rest of Middle East and Africa: Turboexpander market Breakdown, by Loading Device
10.5.7.5.2 Rest of Middle East and Africa: Turboexpander market Breakdown, by Power Capacity
10.5.7.5.3 Rest of Middle East and Africa: Turboexpander market Breakdown, by Less Than 1 Mw
10.5.7.5.4 Rest of Middle East and Africa: Turboexpander market Breakdown, by End-user
10.6 South America
10.6.1 South America Turboexpander market Overview
10.6.2 South America: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.6.3 South America: Turboexpander market Breakdown, by Loading Device
10.6.3.1 South America: Turboexpander market – Revenue and Forecast Analysis – by Loading Device
10.6.4 South America: Turboexpander market Breakdown, by Power Capacity
10.6.4.1 South America: Turboexpander market – Revenue and Forecast Analysis – by Power Capacity
10.6.5 South America: Turboexpander market Breakdown, by Less Than 1 Mw
10.6.5.1 South America: Turboexpander market – Revenue and Forecast Analysis – by Less Than 1 Mw
10.6.6 South America: Turboexpander market Breakdown, by End-user
10.6.6.1 South America: Turboexpander market – Revenue and Forecast Analysis – by End-user
10.6.7 South America: Turboexpander market – Revenue and Forecast Analysis – by Country
10.6.7.1 South America: Turboexpander market – Revenue and Forecast Analysis – by Country
10.6.7.2 Brazil: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.6.7.2.1 Brazil: Turboexpander market Breakdown, by Loading Device
10.6.7.2.2 Brazil: Turboexpander market Breakdown, by Power Capacity
10.6.7.2.3 Brazil: Turboexpander market Breakdown, by Less Than 1 Mw
10.6.7.2.4 Brazil: Turboexpander market Breakdown, by End-user
10.6.7.3 Argentina: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.6.7.3.1 Argentina: Turboexpander market Breakdown, by Loading Device
10.6.7.3.2 Argentina: Turboexpander market Breakdown, by Power Capacity
10.6.7.3.3 Argentina: Turboexpander market Breakdown, by Less Than 1 Mw
10.6.7.3.4 Argentina: Turboexpander market Breakdown, by End-user
10.6.7.4 Rest of South America: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
10.6.7.4.1 Rest of South America: Turboexpander market Breakdown, by Loading Device
10.6.7.4.2 Rest of South America: Turboexpander market Breakdown, by Power Capacity
10.6.7.4.3 Rest of South America: Turboexpander market Breakdown, by Less Than 1 Mw
10.6.7.4.4 Rest of South America: Turboexpander market Breakdown, by End-user
11. Turboexpander market – Impact of COVID-19 Pandemic
11.1 Pre & Post COVID-19 Impact
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
14.1 Elliott Co
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Air Products & Chemicals Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Atlas Copco AB
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Cryostar SAS
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Turboden SpA
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 L’Air Liquide SA
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Sapphire Technologies Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 ZJ-Tibo
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 R & D Dynamics Corp
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Siemens Energy AG
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
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 Loading Device
Table 8. North America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 9. North America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 10. North America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 11. North America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 12. US: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 13. US: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 14. US: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 15. US: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 16. Canada: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 17. Canada: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 18. Canada: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 19. Canada: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 20. Mexico: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 21. Mexico: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 22. Mexico: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 23. Mexico: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 24. Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 25. Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 26. Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 27. Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 28. Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 29. Germany: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 30. Germany: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 31. Germany: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 32. Germany: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 33. Italy: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 34. Italy: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 35. Italy: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 36. Italy: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 37. France: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 38. France: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 39. France: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 40. France: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 41. UK: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 42. UK: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 43. UK: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 44. UK: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 45. Russia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 46. Russia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 47. Russia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 48. Russia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 49. Rest of Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 50. Rest of Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 51. Rest of Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 52. Rest of Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 53. Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 54. Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 55. Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 56. Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 57. Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 58. Australia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 59. Australia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 60. Australia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 61. Australia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 62. China: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 63. China: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 64. China: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 65. China: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 66. India: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 67. India: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 68. India: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 69. India: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 70. Japan: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 71. Japan: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 72. Japan: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 73. Japan: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 74. South Korea: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 75. South Korea: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 76. South Korea: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 77. South Korea: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 78. Rest of Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 79. Rest of Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 80. Rest of Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 81. Rest of Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 82. Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 83. Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 84. Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 85. Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 86. Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 87. South Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 88. South Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 89. South Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 90. South Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 91. Saudi Arabia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 92. Saudi Arabia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 93. Saudi Arabia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 94. Saudi Arabia: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 95. UAE: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 96. UAE: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 97. UAE: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 98. UAE: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 99. Rest of Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 100. Rest of Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 101. Rest of Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 102. Rest of Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 103. South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 104. South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 105. South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 106. South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 107. South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 108. Brazil: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 109. Brazil: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 110. Brazil: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 111. Brazil: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 112. Argentina: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 113. Argentina: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 114. Argentina: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 115. Argentina: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 116. Rest of South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Loading Device
Table 117. Rest of South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Power Capacity
Table 118. Rest of South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by Less Than 1 Mw
Table 119. Rest of South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million) – by End-user
Table 120. Heat Map Analysis by Key Players
List of Figures
Figure 1. Turboexpander market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Turboexpander Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Turboexpander Market Breakdown, by Geography, 2022 and 2030 (%)
Figure 6. Turboexpander market Revenue (US$ Million), 2022–2030
Figure 7. Turboexpander Market Share (%) – by Loading Device (2022 and 2030)
Figure 8. Compressor: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Generator: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Hydraulic/Oil Brake: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Turboexpander market Share (%) – by Power Capacity (2022 and 2030)
Figure 12. Less than 1 MW: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Up to 500 KW: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. KW to 1 MW: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. 1 MW to 20 MW: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. More than 20 MW: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Turboexpander market Share (%) – by End-user (2022 and 2030)
Figure 18. Oil and Gas: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Power Generation: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Industrial: Turboexpander market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Turboexpander market Breakdown by Region, 2022 and 2030 (%)
Figure 22. North America: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 23. North America: Turboexpander market Breakdown, by Loading Device (2022 and 2030)
Figure 24. North America: Turboexpander market Breakdown, by Power Capacity (2022 and 2030)
Figure 25. North America: Turboexpander market Breakdown, by Less Than 1 Mw (2022 and 2030)
Figure 26. North America: Turboexpander market Breakdown, by End-user (2022 and 2030)
Figure 27. North America: Turboexpander market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 28. US: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 29. Canada: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 30. Mexico: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 31. Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 32. Europe: Turboexpander market Breakdown, by Loading Device (2022 and 2030)
Figure 33. Europe: Turboexpander market Breakdown, by Power Capacity (2022 and 2030)
Figure 34. Europe: Turboexpander market Breakdown, by Less Than 1 Mw (2022 and 2030)
Figure 35. Europe: Turboexpander market Breakdown, by End-user (2022 and 2030)
Figure 36. Europe: Turboexpander market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 37. Germany: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 38. Italy: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 39. France: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 40. UK: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 41. Russia: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 42. Rest of Europe: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 43. Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 44. Asia Pacific: Turboexpander market Breakdown, by Loading Device (2022 and 2030)
Figure 45. Asia Pacific: Turboexpander market Breakdown, by Power Capacity (2022 and 2030)
Figure 46. Asia Pacific: Turboexpander market Breakdown, by Less Than 1 Mw (2022 and 2030)
Figure 47. Asia Pacific: Turboexpander market Breakdown, by End-user (2022 and 2030)
Figure 48. Asia Pacific: Turboexpander market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 49. Australia: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 50. China: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 51. India: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 52. Japan: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 53. South Korea: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 54. Rest of Asia Pacific: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 55. Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 56. Middle East and Africa: Turboexpander market Breakdown, by Loading Device (2022 and 2030)
Figure 57. Middle East and Africa: Turboexpander market Breakdown, by Power Capacity (2022 and 2030)
Figure 58. Middle East and Africa: Turboexpander market Breakdown, by Less Than 1 Mw (2022 and 2030)
Figure 59. Middle East and Africa: Turboexpander market Breakdown, by End-user (2022 and 2030)
Figure 60. Middle East and Africa: Turboexpander market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 61. South Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 62. Saudi Arabia: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 63. UAE: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 64. Rest of Middle East and Africa: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 65. South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 66. South America: Turboexpander market Breakdown, by Loading Device (2022 and 2030)
Figure 67. South America: Turboexpander market Breakdown, by Power Capacity (2022 and 2030)
Figure 68. South America: Turboexpander market Breakdown, by Less Than 1 Mw (2022 and 2030)
Figure 69. South America: Turboexpander market Breakdown, by End-user (2022 and 2030)
Figure 70. South America: Turboexpander market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 71. Brazil: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 72. Argentina: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 73. Rest of South America: Turboexpander market – Revenue and Forecast to 2030(US$ Million)
Figure 74. Company Positioning & Concentration
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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