May 3, 2018   SOURCE: BusinessWire

Global Turbo Expander Market 2018-2023 - Increase in Natural Gas for Power Generation is Driving the Market - ResearchAndMarkets.com

The "Global Turbo Expander Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

Natural gas is expected to play an important role in global energy portfolios, owing to its increasing abundance via pipelines, and especially liquefied natural gas (LNG) and its lower emissions. The shift from coal-fired thermal power plants to gas turbines is expected to increase the demand for natural gas. As a result, the demand for turboexpander is expected to grow.

Moreover, as of 2017, Natural gas had a significant share in the global energy mix. It reflected a share of 24% in global primary energy consumption, and it is the second energy source in power generation, representing a 22% share. Natural gas has the potential to play a significant role in the world's transition to a cleaner, more affordable, and secure energy in the future. In developing regions, natural gas can be used to provide electricity to growing communities.

As the lowest carbon-emitting fossil fuel, natural gas also has the potential to serve as a cleaner source of power. With the increase in natural gas-based power generation, the demand for turboexpanders is expected to increase during the forecast period.

Key Developments in the Market

  • February 2017: Venture Global LNG, Inc. had selected GE Oil & Gas as a strategic partner to provide a plant-wide technology solution for its liquefied natural gas (LNG) export facilities under development in Louisiana.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

  • GE Oil and Gas
  • Atlas Copco
  • Cryostar
  • ACD
  • L.A. Turbine
  • Air Products and Chemicals Inc.
  • Turbogaz
  • Elliot Group
  • Blair Engineering

10. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/d9bnxv/global_turbo?w=4