GlobalBooster Compressor Market was valued at US$ 1.80Bn in 2019 and is expectedto reach US$ 3.20Bn by 2026, at a CAGR of 7.46% during a forecast period.
The report includes the analysisof the impact of COVID-19 lockdown on the revenue of market leaders, followers,and disruptors. Since the lockdown was implemented differently in variousregions and countries; the impact of the same is also seen differently byregions and segments. The report has covered the current short-term andlong-term impact on the market, and it would help the decision-makers toprepare the outline and strategies for companies by region.
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Booster Compressor provideshigh-pressure air, which helps to save power about 35% compared to conventionalhigh-pressure compressors. These are a suitable solution over Polyethyleneterephthalate bottling applications whereas high pressure compressed air isrequired. It delivers to boost the pressure of air within the system withoutthe necessity for purchasing exclusive new equipment.
Rapid industrialization indeveloping economies is one of the key drivers for the booster compressormarket. Additionally, modular design as per the application requirement and thelower cost of booster compressors will drive the demand of the boostercompressor market.
Booster compressors are requisitein the oil & gas drilling process and for air separation in refineries.Growing investments in oil & gas industry exploration are increasing demandfor the booster compressor. Furthermore, the availability of substitutes suchas the standalone high-pressure compressor is limiting the growth of thebooster compressor market.
Technical Advancement in coolingtechnology is driving the demand for air-cooled booster compressors. Advancedair-cooled booster compressors are available in the forced ventilation package.The forced ventilation system provides the feature like it reduces the energyloss from the motor, which increases the efficiency of the compressor even athigh pressure. The air-cooled segment is expected to share significant growthin the booster compressor market. Air booster compressors are cost-effectivethan water booster compressors. They are used as a multistage boostercompressor for a different application. They are widely used in applicationssuch as nitrogen compressors of inert gases from generators or storage bundles,the compression of methane from pipelines.
The oil & gas industry isexpected to witness growth at a high rate of CAGR during the forecast year.Booster compressors are used in different manufacturing industries. They arewidely used in applications like drilling activity, hydrocarbon blanketing, andcompression stations. At the compressor stations for maintaining the pressureof the gas during the transits process booster compressors provides a suitablesolution. The increasing demand for natural gas from developing economies isexpected to grow the demand for the booster compressor. A rise in investmentsin LNG pipeline industry is expected to propel the growth of the boostercompressors market.
The report provides a detailedoverview of the including regional analysis information. Geographically, theAsia Pacific market is estimated to share significant growth in the boostercompressor market during the forecast period. The growth of the boostercompressor market is attributed to the rapid industrialization in the region.The manufacturing industries necessitate booster compressors for differentapplications such as laser cutting, high-pressure input for different types ofmachinery, and gas boosting. Increasing manufacturing industries in developingcountries such as India and China are contributing large market share in thisregion.
Middle East & Africa is alsoprojected to hold a significant share in the global booster compressor marketowing to the presence of the huge manufacturing industries of oil & gas.The growth is accredited to the increased drilling and midstream investments inthe oil & gas industry.
The key market players profiledand analyzed in the reports include such as Boge Kompressoren, SAUERCompressor, BAUER Kompressoren, Hitachi, Ingersoll Rand, Atlas Copco, KaeserKompressoren, Gardner Denver, BHGE, Index Corporation, Maximator, Haskel andKaeser Kompressoren. The report gives a clear representation of the currentmarket scenario of the Global Booster Compressor Market, which includesprojected market size in terms of value and volume, pestle analysis, porter’sanalysis factors in the market.
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Global Booster Compressor Market,by Cooling Type
• Air-cooled
• Water-cooled
Global Booster Compressor Market,by Compression Stage
• Single-stage
• Double stage
• Multistage
Global Booster Compressor Market,by Pressure
• 14–40 bar
• 41–100 bar
• 101–350 bar
• Above 351 bar
Global Booster Compressor Market,by End-User
• Oil & Gas
• Process Industry
• Chemical & Petrochemical
• Power Generation
• Others
Global Booster Compressor Market,by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players Operating in theGlobal Booster Compressor Market
• Boge Kompressoren
• SAUER Compressor
• BAUER Kompressoren
• Hitachi
• Ingersoll Rand
• Atlas Copco
• CORKEN - an IDEX Energy business
• Jazan Gas Projects Company
• Kaeser Kompressoren
• Gardner Denver
• BHGE
• Idex Corporation
• Maximator
• Haskel
• Kaeser Kompressoren
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