Turboexpander Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Turboexpander Market Manufacturers and the market is segmented by loading devices (compressor, generator, and hydraulic brake), end-user industry (oil and gas, power generation, energy recovery, and other end-user industries), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers the market size and forecasts for Turbo Expander in revenue (USD billion) for all the above segments.

Turboexpander Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Turboexpander Market Size

Turbo Expander Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 1.13 Billion
Market Size (2030) USD 1.41 Billion
CAGR (2025 - 2030) 4.60 %
Fastest Growing Market Middle East and Africa
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Turbo Expander Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Turbo Expander Market with other markets in Energy & Power Industry

Oil and Gas

Power

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Turboexpander Market Analysis

The Turbo Expander Market size is estimated at USD 1.13 billion in 2025, and is expected to reach USD 1.41 billion by 2030, at a CAGR of 4.6% during the forecast period (2025-2030).

  • 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.

Turboexpander Industry Overview

The turbo expander market is semi-consolidated. Some of the major players in the market (in no particular order) include Atlas Copco AB, Baker Hughes Company, Cryostar SAS, Nikkiso ADC, and PBS Group., among others

Turboexpander Market Leaders

  1. Atlas Copco AB

  2. Cryostar SAS

  3. PBS Group

  4. Baker Hughes Company

  5. Nikkiso ADC

  6. *Disclaimer: Major Players sorted in no particular order
Turbo Expander Market Concentration
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Turboexpander Market News

  • August 2023: Sapphire Technologies and TB Global Technologies Ltd. announced the development of a turboexpander generator that harnesses waste energy in city gas transportation routes. Two FreeSpin In-line Turbo Expanders (FIT) were successfully commissioned at the Toho Gasin’s Yokkaichi liquefied natural gas (LNG) terminal in Japan. 
  • October 2022: Sapphire Technologies, a developer and manufacturer of energy recovery systems for hydrogen and natural gas industrial applications, signed an agreement to collaborate with Tallgrass Energy, a leading US energy infrastructure company. It is to pursue a nationwide clean energy project to install 72 turbo expander systems over the next three years.

Turboexpander Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Investment in the Adaption of Natural Gas for Power Generation and Fuel for Various Industries
    • 4.5.2 Restraints
    • 4.5.2.1 Increasing Share of Renewable Energy Sources
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Loading Devices
    • 5.1.1 Compressor
    • 5.1.2 Generator
    • 5.1.3 Hydraulic Brake
  • 5.2 End-user Industry
    • 5.2.1 Oil and Gas
    • 5.2.2 Power Generation
    • 5.2.3 Energy Recovery
    • 5.2.4 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 France
    • 5.3.2.3 United Kingdom
    • 5.3.2.4 Italy
    • 5.3.2.5 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Chile
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 South Africa
    • 5.3.5.4 Qatar
    • 5.3.5.5 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Atlas Copco AB
    • 6.3.2 Baker Hughes Company
    • 6.3.3 Cryostar SAS
    • 6.3.4 Nikkiso ACD
    • 6.3.5 PBS Group
    • 6.3.6 LA Turbine
    • 6.3.7 Elliott Group
    • 6.3.8 Blair Engineering
    • 6.3.9 Air Products and Chemicals Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Technological Investments in the Market to Produce Energy Efficiently and Control Carbon Emissions
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Turboexpander Industry Segmentation

Turbo expanders, also known as expansion turbines, convert the energy of a high-pressure gas or fluid into mechanical energy by expanding the gas or fluid through a series of nozzles and blades. They are commonly used in industrial processes, such as natural gas processing, liquefied natural gas (LNG) production, and air separation plants.

Loading devices, end-user industry, and geography segment the turbo expander market. The loading devices segment the market into compressors, generators, and Hydraulic Brakes. The market is segmented into oil and gas, power generation, energy recovery, and other end-user industries by end-user industry. The report also covers the market size and forecasts across major regions. For each segment, the market sizing and forecasts for the turbo expander market in revenue (USD) for all the above segments.

Loading Devices Compressor
Generator
Hydraulic Brake
End-user Industry Oil and Gas
Power Generation
Energy Recovery
Other End-user Industries
Geography North America United States
Canada
Rest of North America
Europe Germany
France
United Kingdom
Italy
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Chile
Rest of South America
Middle-East and Africa Saudi Arabia
United Arab Emirates
South Africa
Qatar
Rest of Middle-East and Africa
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Turboexpander Market Research FAQs

How big is the Turbo Expander Market?

The Turbo Expander Market size is expected to reach USD 1.13 billion in 2025 and grow at a CAGR of 4.60% to reach USD 1.41 billion by 2030.

What is the current Turbo Expander Market size?

In 2025, the Turbo Expander Market size is expected to reach USD 1.13 billion.

Who are the key players in Turbo Expander Market?

Atlas Copco AB, Cryostar SAS, PBS Group, Baker Hughes Company and Nikkiso ADC are the major companies operating in the Turbo Expander Market.

Which is the fastest growing region in Turbo Expander Market?

Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Turbo Expander Market?

In 2025, the Asia Pacific accounts for the largest market share in Turbo Expander Market.

What years does this Turbo Expander Market cover, and what was the market size in 2024?

In 2024, the Turbo Expander Market size was estimated at USD 1.08 billion. The report covers the Turbo Expander Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Turbo Expander Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Turboexpander Industry Report

Statistics for the 2025 Turbo Expander market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Turbo Expander analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.