The global booster compressor market is expected to reach US$ 3.48 Bn in 2028, registering a CAGR of 4.9% during the forecast period 2022-2028. The demand of booster compressor is rising from various industries such as chemical, renewable energy production and other emerging applications. The factors contributing towards the growth of booster compressor market include high application of booster compressor in power recovery, natural gas liquification processes. In addition, in non-industrial applications such as power generation, manufacturing, and others are also rising owing to ongoing improvements in the technology resulting in penetration of the equipment in the market. The above-mentioned aspects are responsible to drive the market during the forecast period and have a high impact in the short term.

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Globally, booster compressor market is experiencing an intense growth with regards to continuous investments in the booster compressor by companies. Continuous emphasis on energy efficiency/ energy recovery and the decrease of CO2 emissions, along with higher demand for service and monitoring of compressed air installations, and emerging applications of the booster compressor in new industrial segments are some the major market trends that will drive the market in the near future. Growing investments in automation and machinery, industrial production and energy costs would assist the booster compressors market to grow. Asia pacific held the largest share of the booster compressor market in 2018, and it is expected to continue its dominance during the forecast period of 2019–2027. North America and Europe held the second and third position in the global booster compressor market in 2018 with market shares of >25% and >20%, respectively.

Market Insights

Upsurge in the demand for portable boosters

Industrial boosters are widely used in diverse range of industries ranging from oil & gas to food & beverages to increase the pressure of feed compressor. With increasing industrialization across the world, the demand for portable and light weight booster compressors is anticipated to increase at an impressive pace. These portable boosters are well suited for offshore applications in oil & gas, power generation and mining industries and they are anticipated to drive the future growth of booster compressor market globally. This factor is subsequently anticipated to encourage the booster compressor market growth during the forecast period.

Significant investments in natural gas to accelerate futuristic demand

With increasing focus of various countries on reducing carbon emissions and pollution, the demand for clean energy fuels and renewables is growing at an unprecedented rate. Favorable government policies worldwide and falling costs of clean energy sources, it is expected that the global natural gas capacity is set to surge during the forecast period of 2019 to 2027. In advanced economies, the availability of gas at affordable prices is further anticipated to boost the demand. This is expected to provide huge benefits to the companies providing this systems and thus, positively impacting the booster compressor market.

Pressure Segment Insights

The global booster compressor market by pressure is segmented into 14-40 Bar, 41-100 Bar, 101-350 Bar, and >350 Bar. 14-40 Bar segment dominated the booster compressor market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027. The booster compressor has the capability of handling 14 bar to 40 bar of pressure in order to offer regulated services for high-pressure oil or gases

Type of Cooling Segment Insights

The booster compressor market by type of cooling is further segmented into water and air. The air segment of the booster compressor market dominated the type of cooling segment and is anticipated to continue its dominance throughout the forecast period from 2019 – 2027. Attributing to the cost-effective nature of the air-cooled boosters are used in a broad range of applications. Durability of these booster compressors is another major factor driving their adoptions.

Industry Vertical Segment Insights

The booster compressor market by application is further segmented into manufacturing, oil and gas, energy and power, chemicals, and others. The manufacturing segment of the booster compressor market dominated the end user segment and is expected to dominante the market throughout the forecast period from 2019 – 2027. The increase in manufacturing plants across the globe and rising advancements in the production process owing to the huge investments are major factors for growth of booster compressor market.

Compression Stage Segment Insights

The booster compressor market by compression stage is further segmented into single, double, and multi. Double compression stage segment of the booster compressor market dominated the application segment and is expected to dominante the market throughout the forecast period from 2019 – 2027. Higher efficiencies and longer hours of operation achieved with the two stage booster compressors suit them for industrial applications and drive their adoptions.

Exhibit: Rest of Asia Pacific Booster Compressor Market by Industry Vertical

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Strategic Insights

Market initiatives are observed to be the most adopted strategy in the global booster compressor market. Few of the recent market initiatives are listed below;

2018: Gardner Denver has completed the acquisition of Ontario headquartered DV Systems Inc. The DV Systems gone under the industrial segment of Gardner Denver. DV systems manufactures rotary screw and piston compressors and other aftermarket parts. This acquisition has enabled Gardner Denver to capitalize mission critical technologies in different attractive markets.

GLOBAL BOOSTER COMPRESSOR MARKET SEGMENTATION

Global Booster Compressor Market - By Pressure

• 14-40 Bar
• 41-100 Bar
• 101-350 Bar
• >350 Bar

Global Booster Compressor Market - By Type of Cooling

• Water
• Air

Global Booster Compressor Market - By Compression Stage

• Single
• Double
• Multi

Global Booster Compressor Market - By Industry Vertical

• Manufacturing
• Chemicals
• Oil and Gas
• Energy and Power
• Others

The List of Companies

• Atlas Copco AB
• Baker Huges (General Electric)
• BAUER COMP Holding GmbH
• Boge Kompressoren
• Corken, Inc.
• Gardner Denver, Inc.
• Hitachi Ltd.
• Ingersoll-Rand PLC
• Kaeser Kompressoren
• Sauer Compressors USA, Inc.

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