Booster Compressor Market Size, Share, Research Report, Latest Trends and Forecast 2023-2028
How Big is the Booster Compressor Market?
IMARC Group's latest research report, titled “Booster Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ,” offers a comprehensive analysis of the industry, which comprises insights on the global booster compressor industry. The global booster compressor market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
What is Booster Compressor?
A booster
compressor, also known as a secondary compressor, is a mechanical device that elevates
the pressure of gases that have already undergone initial compression. It
receives low-pressure gas and increases its pressure to a higher level, making
it suitable for specific applications or processes. It enables industries to
optimize various processes, from chemical reactions to gas transmission, by
providing the necessary high-pressure gases. It allows industries to achieve
enhanced productivity and efficiency in their operations by ensuring that
high-pressure requirements are met consistently.
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What are the growth prospects and trends in the booster compressor industry?
At present,
the increasing demand for booster compressors in the oil and gas industry to
maintain high-pressure levels in pipelines, enhance the efficiency of natural
gas transmission, and facilitate the injection of gases into wellheads
represents one of the crucial factors impelling the growth of the market.
Besides
this, the rising employment of booster compressors in manufacturing and
automation sectors to provide high-pressure air for pneumatic tools and
machinery, increasing their efficiency and precision is contributing to the
growth of the market. In addition, the
growing adoption of natural gas as an eco-friendly alternative to traditional
fossil fuels is offering a favorable market outlook.
Apart from
this, the increasing emphasis on infrastructure development and renovation and
remodeling of buildings is supporting the growth of the market.
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The report has segmented the market into the following categories:
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
The competitive landscape of the market has been studied in the report with the detailed profiles of the companies 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.
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