Market Size of Turbo Expander Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 1.08 Billion |
| Market Size (2029) | USD 1.35 Billion |
| CAGR (2024 - 2029) | 4.60 % |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Turboexpander Market Analysis
The Turbo Expander Market size is estimated at USD 1.08 billion in 2024, and is expected to reach USD 1.35 billion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
- Over the medium term, the increasing investment in the adaption of natural gas for power generation and fuel for various industries is expected to increase the demand for a turbo expander market.
- On the other hand, an increasing share of renewable energy sources such as solar and wind energy is expected to hinder the market growth.
- Nevertheless, the increasing technological investments in the market to produce energy efficiently and control carbon emissions are expected to create huge opportunities for the turbo expanders market.
