Global Low Temperature Hydrogen Expansion Turbine Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Low Temperature Hydrogen Expansion Turbine market size was valued at US$ 54.8 million in 2023 and is forecast to a readjusted size of USD 138 million by 2030 with a CAGR of 13.9% during review period.

A low-temperature hydrogen expansion turbine, also known as a hydrogen turboexpander, is a specialized turbine designed to expand and cool hydrogen gas at cryogenic temperatures. It extracts energy from the high-pressure hydrogen stream, converting it into rotational work, which can drive a compressor or generator. This process significantly reduces the hydrogen's temperature, often crucial for hydrogen liquefaction, a key process for efficient hydrogen storage and transportation. These turbines require specialized materials and design considerations to handle the unique properties of hydrogen at low temperatures, such as its low boiling point and high flammability.

The industry trend for low-temperature hydrogen expansion turbines is strongly linked to the growing interest in hydrogen as a clean energy carrier. Key trends include:

Increased Efficiency and Capacity: Research is focused on improving the thermodynamic efficiency of these turbines to minimize energy consumption during hydrogen liquefaction. This involves advancements in aerodynamic design, materials science (to withstand cryogenic temperatures and hydrogen embrittlement), and sealing technologies to minimize leakage. Larger capacity turbines are also being developed to support large-scale hydrogen liquefaction plants.

Oil-Free and Compact Designs: To prevent contamination of the hydrogen stream and simplify integration into liquefaction systems, oil-free designs using magnetic bearings or other non-contact bearing technologies are favored. Compact designs are also desirable to reduce footprint and installation costs.

Integration with Hydrogen Liquefaction Plants: These turbines are becoming essential components in various hydrogen liquefaction technologies, including Claude and Brayton cycles. Optimization of the integration between the turbine and the overall liquefaction process is a key focus.

Safety and Reliability: Given the flammability of hydrogen, safety is paramount. Research is dedicated to developing robust safety systems, including leak detection and prevention mechanisms. High reliability is also crucial to ensure continuous operation of liquefaction plants.

Cost Reduction: Making hydrogen liquefaction more economically viable is a major driver. This involves optimizing the design and manufacturing of these turbines to reduce capital and operating costs.

This report is a detailed and comprehensive analysis for global Low Temperature Hydrogen Expansion Turbine market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Low Temperature Hydrogen Expansion Turbine market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Low Temperature Hydrogen Expansion Turbine market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Low Temperature Hydrogen Expansion Turbine market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Low Temperature Hydrogen Expansion Turbine market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Low Temperature Hydrogen Expansion Turbine

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Low Temperature Hydrogen Expansion Turbine market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Cryostar, Atlas Copco, Baker Hughes, Air Products, ACD, L.A. Turbine, Turbogaz, Air Liquide, Hangzhou Oxygen, Sichuan Air Separation Plant, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Low Temperature Hydrogen Expansion Turbine market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Radial-Axial Turbo Expander
Radial Turbo Expander
Axial Turbo Expander

Market segment by Application
Gray Hydrogen
Blue Hydrogen
Green Hydrogen

Major players covered
Cryostar
Atlas Copco
Baker Hughes
Air Products
ACD
L.A. Turbine
Turbogaz
Air Liquide
Hangzhou Oxygen
Sichuan Air Separation Plant
Harbin North China Kongfen Equipment
Sichuan Huayu

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Low Temperature Hydrogen Expansion Turbine product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Low Temperature Hydrogen Expansion Turbine, with price, sales quantity, revenue, and global market share of Low Temperature Hydrogen Expansion Turbine from 2019 to 2024.

Chapter 3, the Low Temperature Hydrogen Expansion Turbine competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Low Temperature Hydrogen Expansion Turbine breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Low Temperature Hydrogen Expansion Turbine market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Low Temperature Hydrogen Expansion Turbine.

Chapter 14 and 15, to describe Low Temperature Hydrogen Expansion Turbine sales channel, distributors, customers, research findings and conclusion.