About Power Recovery Expanders
Power Recovery Expanders is a turbine technology, it converts high temperature, low pressure flue gas energy into usable power. It is used to drive compressors or generators in refinery fluid catalytic cracking service. In this market Asia Pacific region is having largest market share, because of high investment by manufacturers all over the world.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
In This Market Major Players Are Focus On The Development Of The Industries By Upstream & Downstream, Overall Development Of Product Offerings And Also Companies Are Focusing On The Organic And Inorganic Growth Strategies By Launching New Products And Improving Product Offerings. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Power Recovery Expanders market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Elliott Group (United States), Dresser-Rand Group (United States), GE (United States), IPIECA (England), IMI Critical (England), Heliex Power (Scotland), Star Rotor (United States), Calnetix (United States), Helidyne Power (United States) and Aerco (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Power Recovery Expanders market by Type (FCC, Compressed Air Energy Storage and Others), Application (Refinery, Oil & Gas and Others) and Region.
On the basis of geography, the market of Power Recovery Expanders has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Customer Services will boost the Power Recovery Expanders market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Use of Compressors or Generators and Increasing Technology Adoption
Challenges:
High Temperatures, Gas Volume, and the Continuous Flow of Very Hard and Potentially Erosive Catalyst Particles Entrained In the Gas Stream Require Special Design Considerations
Opportunities:
Market Has Strong Growth Opportunities in Asia Pacific Region, Due To High Presence of Oil & Gas Industry
Market Leaders and their expansionary development strategies
In July 2021, Chart Industries Inc. (Chart) has acquired L.A. Turbine, is a global player in turboexpander design, engineering, manufacturing, assembly, and testing process for new and aftermarket equipment.
In October 2022, Elliott Group, a leader in the engineering and manufacturing of rotating equipment, has announced the release of its new CO2Phase hybrid compressor pump solution. Elliott has combined its proven expertise and extensive experience in carbon dioxide (CO2) compression and pump technology to develop a solution that addresses the handling of high-pressure CO2. This compressor/pump design is equipped to handle any project and/or equipment related to CO2 compression needs from atmospheric pressure to typical piping pressure of around 2200 PSI and higher for sequestration requirements.
Key Target Audience
Government Bodies, Transportation Industry, Healthcare Industry, Oil and Gas Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.