Turboexpander Market Regional Analysis

Why is Asia Pacific a Preferred Market for Turboexpander Suppliers?

Surging use of natural gas for power generation and increasing industrialization are key factors allowing Asia Pacific to spearhead turboexpander sales on a global level. Growing emphasis on sustainability and launch of new favorable initiatives by governments to promote hydrogen economy are also slated to create new business scope for turboexpander companies in the long run. High investments in the development of new LNG terminals and infrastructure are also helping boost revenue generation in this region.

Turboexpander Market in China

Surging demand for clean power generation in China and growing investments in the adoption of novel natural gas solutions are helping it emerge as the leading country. Growing adoption of natural gas-powered vehicles and high investments in the R&D of natural gas and LNG infrastructure are also helping bolster the dominance of this country.

• As per China’s Natural Gas Development Report, natural gas consumption of the country was 210.8 bcm in the first half of 2024 driven by surging sales of LNG-fueled-heavy-duty trucks.

Turboexpander Market in India

Growing investments in the establishment of clean energy infrastructure and rising popularity of hydrogen as a fuel are expected to create new business scope for turboexpander providers in India. Rising investments in petrochemical complexes and ammonia-based fertilizer production in India require turboexpanders for energy recovery and efficiency enhancement.

Is Europe a Favorable Market for Turboexpander Companies?

High emphasis on sustainability is the prime factor driving sales of turboexpanders in the European region. Increasing use of hydrogen and natural gas to achieve net zero carbon emission goals and the launch of stringent regulations for energy efficiency are promoting the use of turboexpanders in this region. High natural gas production coupled with favorable government policies are slated to boost business in Europe.

Turboexpander Market in United Kingdom

Increasing demand for clean hydrogen production and rising emphasis on the development of renewable energy infrastructure are helping create new opportunities in the United Kingdom. Aging oilfields and decommissioning of old natural gas processing terminals are also estimated to boost the sales of turboexpanders in the country going forward.

Turboexpander Market in Germany

High Investments in hydrogen transition and establishment of new hydrogen processing facilities are helping Germany emerge as the top country for turboexpander providers operating in Europe. German industries are focusing on the adoption turboexpanders for waste heat and pressure recovery applications to comply with stringent energy efficiency regulations.

Can North America be a Rewarding Market for Turboexpander Companies?

The presence of a robust oil & gas industry makes North America a key market for turboexpander suppliers around the world. High natural gas and shale gas production is also slated to bolster the demand for turboexpanders in this region. Growing emphasis on sustainability and energy efficiency is also anticipated to promote the use of turboexpanders in multiple industry verticals such as energy, petrochemicals, and chemicals.

Turboexpander Market in United States

High production of natural gas and growing exports of the same from United States are helping it led the adoption of turboexpanders in the North American region. High emphasis of government on carbon emission reduction has led to investments in carbon reduction through carbon capture and utilization (CCU) projects.

• As per data published on the United States Energy Information Administration (EIA), the country exported 7,610 Bcf (20.8 Bcf/d) of natural gas in the year 2023.

Turboexpander Market in Canada

Growing investments in the development of new LNG terminals on the West Coast of Canada are helping boost the demand for turboexpanders in the country. High emphasis on adoption of geothermal energy in the country is also forecasted to uplift the use of turboexpanders in energy conversion applications.