Top Turboexpander Companies

Global Turboexpander Market size was valued at USD 1.37 Billion in 2024 and is poised to grow from USD 1.44 Billion in 2025 to USD 2.16 Billion by 2033, growing at a CAGR of 5.2% during the forecast period (2026–2033). 

Turboexpander manufacturers should focus on innovation to create more efficient and novel products to maximize their revenue generation. Creating specific turboexpanders for different industrial applications can also help companies boost revenue generation. As per this global turboexpander market forecast, investing in oil & gas and energy companies is slated to offer best returns on investment for market players. 'Atlas Copco AB (Sweden) ', 'Baker Hughes Company (USA) ', 'Cryostar SAS (France) ', 'Air Products and Chemicals Inc. (USA) ', 'L.A. Turbine (USA) ', 'Elliott Group (USA) ', 'MAN Energy Solutions (Germany) ', 'Siemens Energy (Germany) ', 'Nikkiso ACD (USA) ', 'R&D Dynamics Corporation (USA) ', 'Turbogaz (Ukraine) ', 'Air Liquide Engineering & Construction (France) ', 'Hangzhou Hangyang Co., Ltd. (China) ', 'Kaifeng Air Separation Group Co., Ltd. (China) ', 'Sichuan Air Separation Plant Group (SASPG) (China) ', 'Suzhou Xida Cryogenic Equipment Co., Ltd. (China) ', 'Gaztron Engineering Private Limited (India) ', 'Anax Power (USA) ', 'ZJ-Tibo (China)'

Increasing emphasis on clean energy adoption has led to a major upsurge in demand for natural gas and liquified natural gas around the world. Turboexpanders play a crucial role in cryogenic applications, enabling efficient gas separation and pressure reduction. With expanding LNG infrastructure worldwide, the need for high efficiency turboexpanders is growing. Countries such as the United States, Qatar, and Australia are slated to drive sales of turboexpanders.

Use of Turboexpanders in Hydrogen Liquefaction and Processing: Turboexpander companies can target the growing popularity of hydrogen and align their products with the effort of governments to create a hydrogen-based economy. Liquefied hydrogen requires ultra-low temperatures, and turboexpanders play a critical role in maintaining energy efficiency during the liquefaction process. Hence, creating products especially for hydrogen applications is a key turboexpander market trend for all companies in the long run.

Why is Asia Pacific a Preferred Market for Turboexpander Suppliers?