booster compressor market imarcgroup

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.

A booster compressor represents a piece of equipment that is manufactured for sustaining the high pressure of an existing system. It primarily consists of a received tank, delivered valve cylinder head, and discharge tank. Booster compressors are extensively utilized for optimizing high-pressure tires and engine starter systems, testing industrial conduit and pipeline pressures, increasing the volume and pressure of water in showerheads, enhancing toque in small air tools, etc. They offer various beneficial properties, such as versatility, productivity, transportability, safety, reliability, etc. Consequently, booster compressors find wide-ranging applications across several industries, including manufacturing, chemical, construction, etc.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Booster Compressor Market Trends and Drivers:

The escalating demand for compressed natural gas (CNG), liquified petroleum gas (LPG), and clean energy fuels, on account of the rising environmental consciousness among individuals, is primarily driving the booster compressor market.

Additionally, the widespread product adoption for supplying continuous gas to turbines at specified pressures and temperatures is further catalyzing the market growth. Besides this, the increasing utilization of booster compressors in nitrogen compression and hydrogen blanketing applications is acting as another significant growth-inducing factor.

Moreover, the shifting consumer inclinations towards carbon-neutrality and economic efficiency are propelling the need for customized product variants for complex industrial processes, which is also bolstering the global market.

Apart from this, the introduction of numerous advanced technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), for remote monitoring, analyzing performance, providing alerts, etc., is projected to fuel the booster compressor market over the forecasted period.

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.

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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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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