Booster Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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.
A booster compressor refers to a piece of equipment made to boost the pressure of an existing system. It consists of a delivered valve cylinder head, received tank and discharge tank and provides water-based and air-based cooling. It is widely used for testing industrial conduit and pipeline pressures, optimizing high-pressure tires, engine starter systems, increasing the volume and pressure of water in showerheads and faucets, PET bottle production and enhancing toque in small air tools. Booster compressor provides efficiency, productivity, versatility, transportability, safety, reliability, high-pressure production ability and profitability. Most of the booster compressors are pneumatic and are used for short durations to sustain high pressures. As a result, they find extensive application across various industries, such as manufacturing, chemical, and oil and gas.
Booster Compressor Market Trends:
Significant growth in the oil and gas industry across the globe is creating a positive outlook for the market. Booster compressors are widely used to supply continuous gas to turbines at specified pressure and temperature. In line with this, the widespread product utilization in nitrogen compression and hydrogen blanketing is favoring the market growth. Moreover, various technological advancements, such as the integration of artificial intelligence and the Internet of Things (IoT) for remote monitoring, analyzing performance, providing alerts for an unscheduled oil change and preventive maintenance (PM), are providing an impetus to the market growth. Additionally, the increasing demand for liquified petroleum gas (LPG), compressed natural gas (CNG) and clean energy fuels due to rising environmental consciousness are positively impacting the market growth. Other factors, including significant expansion in the chemical industry, increasing demand for electric vehicles and the implementation of various government initiatives toward the development of the manufacturing industry, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global booster compressor market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report
1. What was the size of the global booster compressor market in 2022?
2. What is the expected growth rate of the global booster compressor market during 2023-2028?
3. What has been the impact of COVID-19 on the global booster compressor market?
4. What are the key factors driving the global booster compressor market?
5. What is the breakup of the global booster compressor market based on the cooling type?
6. What is the breakup of the global booster compressor market based on the compression stage?
7. What is the breakup of the global booster compressor market based on the power source?
8. What is the breakup of the global booster compressor market based on the end user?
9. What are the key regions in the global booster compressor market?
10. Who are the key players/companies in the global booster compressor market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Booster Compressor Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Cooling Type
- 6.1 Air
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Water
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Compression Stage
- 7.1 Single Stage
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Double Stage
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Multistage
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Power Source
- 8.1 Electric
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Combustion Engine
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by End User
- 9.1 Oil and Gas
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Manufacturing
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Industrial Testing
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Construction
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Others
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
- 11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
- 12 Value Chain Analysis
- 13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
- 14 Price Analysis
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Atlas Copco AB
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 BAUER COMP Holding GmbH
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Bauer Compressors Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Gas Compression Systems Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Generon
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Hitachi Ltd.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 IDEX Corporation
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Ingersoll Rand Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Kaeser Kompressoren SE
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Sauer Compressors USA Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 TGT Fuel Technologies Pvt. Ltd.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
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