Booster Compressor Market Size, Share, Growth, Analysis 2022-2027
The latest research study “Booster Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global booster compressor market size reached a value of US$ 3.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.49 Billion by 2027 exhibiting a CAGR of 5.30% during 2022-2027.
Booster compressors are a piece of machinery designed to increase the pressure of an existing system. They offer water- and air-based cooling and consist of a delivered valve cylinder head, a received tank, and a discharge tank. They are commonly used to test the pressures in pipelines and industrial conduits, optimize high-pressure tires and engine starter systems, increase the flow and pressure of water in showerheads and faucets, produce PET bottles, and improve torque in small air tools. They offer high-pressure production capacity, productivity, adaptability, safety, efficiency, and portability. As a result, booster compressors find extensive applications in the manufacturing, chemical, and oil and gas industries across the globe.
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Booster Compressor Market Trends and Drivers:
The global booster compressor market is primarily driven by the rapid growth in the oil and gas industry. Moreover, the escalating demand for compressed natural gas (CNG), liquified petroleum gas (LPG), and clean energy fuels due to the rising environmental consciousness is positively influencing market growth.
Besides this, numerous technological advancements, such as the integration of the Internet of Things (IoT) and artificial intelligence (AI) for remote monitoring, performance analysis, preventive maintenance (PM), and sending alerts for an unscheduled oil change, are other major growth-inducing factors. Additionally, there has been a rise in the use of booster compressors to supply continuous gas to turbines at specific pressure and temperature. In line with this, the surging product usage in hydrogen blanketing and nitrogen compression has catalyzed market growth.
Other factors, including favorable government policies, escalating demand for electric vehicles, and rapid expansion in the chemical industry, are also anticipated to create a positive market outlook.
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Global Booster Compressor Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Booster Compressor Companies:
Atlas Copco AB, BAUER COMP Holding GmbH, Bauer Compressors Inc., BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, Gas Compression Systems Inc., Generon, Hitachi Ltd., IDEX Corporation, Ingersoll Rand Inc., Kaeser Kompressoren SE, Sauer Compressors USA Inc. and TGT Fuel Technologies Pvt. Ltd.
The report has segmented the market on the basis of region, cooling type, compression stage, power source and end user.
Breakup by Cooling Type:
· Air
· Water
Breakup by Compression Stage:
· Single Stage
· Double Stage
· Multistage
Breakup by Power Source:
· Electric
· Combustion Engine
Breakup by End User:
· Oil and Gas
· Manufacturing
· Industrial Testing
· Construction
· Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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