The turboexpander market is expanding rapidly and will reach a high compound annual growth rate of 6.7% by 2028
(ProNewsReport editorial):-Ashland, Kentucky, August 18, 2021 (Issuewire.com)-Market Overview
Turboexpanders are expansion turbines used to capture energy lost in natural gas facilities and refineries. Turboexpanders are widely used for energy recovery and power generation. These expanders convert kinetic energy into useful energy/electricity with the help of turbines and generators. The gas flows from the high-pressure stream into the turboexpander and the turbine, and the auxiliary generator of the cogeneration machine produces electricity. Turboexpanders are widely used in cryogenic applications, including petrochemical, natural gas and air separation industries.
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The market's demand for turboexpanders continues to grow, and there is a safe working environment in industrial facilities. Due to global warming, people’s awareness of the impact of air pollution has continued to increase, the degree of industrialization has continued to increase, and environmental problems have become increasingly serious, which will further promote the demand for turboexpanders.
The market is witnessing technological progress in the development of fabric filters. For example, the advancement of turboexpanders under temperature and harsh working conditions, as well as improvements in stability and filtration efficiency, have led to the development of turboexpanders with different surface finishes and characteristics. The introduction of micro-denier fibers is lightweight and high-volume water-repellent, resulting in highly efficient and durable fabric filtration efficiency. This improves the efficiency of the turbo expander. Several companies are developing turboexpanders that use low-pressure filtration technology. This technology has developed a turboexpander with a clean pressure of 0.8 bar. Low pressure filtration is achieved by using physical flow model studies/computed flow distribution studies. The turbo expander is developed with low-pressure filtration technology, which can achieve low energy consumption, low outlet emissions, extend the life of the filter bag and reduce overall operating costs.
The introduction of new filter media will stimulate market growth. For example, in November 2018, Ahlstrom-Munksjö launched Ahlstrom-Munksjö Extia 1000, a breakthrough, highly durable filter media designed to extend the filter life of air pollution control applications. Ahlstrom-Munksjö Extia 1000 will help protect people and the environment. It will extend the filter life by more than 40%. It has a unique design and is easier to convert to a filter on a knife and rotary pleating machine. It efficiently removes coarse particles at a pressure drop level more than 3 times lower.
However, the availability of alternatives, especially electrostatic precipitators (ESP). Electrostatic precipitator (ESP) is better than turbo expander, especially suitable for high temperature applications such as clinker cooler and power plant flue gas treatment.
By region, the global turboexpander market is divided into North America, South America, Europe, Asia Pacific, Middle East and Africa. Among all regions, the Asia-Pacific region dominates the global turboexpander market and is expected to grow at the highest compound annual growth rate during the forecast period due to the high utilization rate of turboexpanders to capture energy losses in facilities and refineries. Turbo expanders are used to generate electricity. Various industries involve the use of turboexpanders to increase isentropic efficiency to increase productivity. The use of turboexpanders to achieve LNG, cooling and compression of LNG barrels generates energy from excess gas during fertilization. Increasing use of natural gas for power generation will stimulate market growth. Natural gas is widely used as an energy source for heating, cooking, and power generation. It is also used as vehicle fuel and as a chemical raw material for plastics and other commercially important organic chemicals.
According to data from the US Energy Information Administration, by 2025, the annual natural gas consumption of Asian countries such as China, India, Bangladesh, Thailand and Vietnam is expected to reach 120 billion cubic feet per day (Bcf/d). High investment in refineries and expansion of natural gas production. Due to the extensive use of technologically advanced turboexpanders in the petrochemical, natural gas and air separation industries, China has the highest market share of XX%. Several companies are developing innovative turboexpanders, including compressor loading, generator loading and hydraulic brake loading.
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The global turboexpander market is highly competitive, with multiple international and local markets. Product diversification, revenue generation and opportunities have intensified market competition. Atlas Copco, Baker Hughes, LA Turbine, ADC, LLC, Air Products and Chemicals, Cryostar SAS, PBS Group, Siemens and Honeywell International are leading market players with significant market shares.
Major players are using product development, new product launches, market expansion, contracts and product diversification strategies to maintain their position in the market. For example, in November 2019, LA Turbine commissioned the first ARES AMB turboexpander-compressor at Bakken Shale Play, a newly established natural gas liquid (NGL) processing plant in North Dakota. The ARES AMB turboexpander-compressor machine adopts the industry's first skid-mounted AMB controller and PLC design. LA Turbine will continue to share performance data updates for turbo expanders and AMB controllers from the NGL installation site.
In April 2018, LA Turbine announced that its L3000 turboexpander-compressor at the UOP Russell cryogenic natural gas processing plant in Eddie County, New Mexico has exceeded its designed 200MMSCFD flow rate by 10%.
In May 2017, LA Turbine awarded a turboexpander contract to provide turboexpander units for gas processing and natural gas liquid (NGL) recovery in Honeywell's UOP Russell modular natural gas plant unit. The turboexpander-compressor unit is designed to handle the flow range of 60-200 million cubic feet per day at the UOP Russell Standard Gas Plant.
The two companies are carrying out cooperation, mergers, strategic cooperation and acquisitions to increase the demand for turboexpanders and their global expansion. For example, in August 2018, Air Products acquired the Roto Flow Turbo-expand business from General Electric Baker Hughes. Air Products has acquired all engineering and service capabilities to continue to provide world-class services to Rotoflow customers. The acquisition will expand Air Products’ existing world-class industrial gas and liquefied natural gas (LNG) turboexpander capabilities into the growing hydrocarbon, petrochemical and energy sectors.
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Abu Dhabi t10 is supported by Sky247 (ProNewsReport editorial):-New Delhi, Delhi, November 11, 2021 (Issuewire.com)-Sky247.net announces new partners
Abu Dhabi t10 is supported by Sky247 (ProNewsReport editorial):-New Delhi, Delhi, November 11, 2021 (Issuewire.com)-Sky247.net announces new partners