The Worldwide Turboexpander Industry is Expected to Reach $1.3 Billion by 2028 - ResearchAndMarkets.com
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Wednesday, July 13, 2022
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The Global Turboexpander Market size is expected to reach $1.3 billion by 2028, rising at a market growth of 4.5% CAGR during the forecast period.
Key Points:
- The Global Turboexpander Market size is expected to reach $1.3 billion by 2028, rising at a market growth of 4.5% CAGR during the forecast period.
- Turboexpander have recently gained popularity in the oil and gas industry for extracting hydrocarbon liquid from natural gas.
- Turbo expanders are employed extensively in petrochemical applications such as nitrogen, hydrogen, and ethylene to liquefying natural gas.
- As a result, operators are continually investing in boosting natural gas production, which might fuel the turboexpander market's expansion.