Booster compressor market
Booster Compressor Market, By Cooling Type (Air, Water), By Power-Source (Air Cooled, Liquid Cooled), By Compression Stage (North America, Europe, Asia-Pacific, LAMEA), By The End-User (Single Stage, Double Stage, Multi Stage), By Geography (Manufacturing, Industrial Testing, Oil & Gas, Construction, Others) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Jul 2022
- CMI5092
- 172 Pages
- Excel & Pdf
- Industrial Automation and Machinery
A booster system refers to a device used to optimize pre-compressed air circulating in a system. This booster is accomplished of multiplying air from the low-pressure compressor to produce compressed air at higher pressures. A booster compressor can boost pressure in systems, usually by 4 to 6 times comparatively to normal pressure generated by various machines in factories.
Statistics:
The booster compressor market was valued at US$ 3127.1 Mn in 2021 and is forecast to reach a value of US$ 5111.2 Mn by 2030 at a CAGR of 5.6% between 2022 and 2030.
Figure 1: Global Booster Compressor Market Value (US$ Bn) Analysis and Forecast, 2017 - 2030
Key Developments:
In June 2021, Atlas Copco has adopted a distributor of the compressor in the North Carolina in U.S known as Compressed Air Systems, Inc. This acquirement is projected to improve the sales network of the company and also rise the new consumers based in the North America.
In February 2020, Atlas Copco AB attained a German distributor known as Dr. Gustav Gail Drucklufttechnik GmbH. The organization is situated in the southern part of the cologne and has a very potential market in the same location of the industrial compressor.
Figure 2: Global Booster Compressor Market Share (%), By Region, 2021
Market Drivers:
Driver 1:
Rising demand in oil& gas industry, petroleum and CNG products is expected to propel the growth of the global booster compressor market. As per Statista, the capacity of oil produced in a day is amounted around 89.9 million barrels in 2021.
Driver 2:
Rising demand for the products such as deodorants, perfumes and hair spray is expected to propel the growth of the global booster compressor market. As per a Statista, it is observed that around 98.54 million Americans use hair spray on regular basis.
Booster Compressor Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2022: | US$ 3127.1 Mn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 5.6 % | 2030 Value Projection: | US$ 5111.2 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
KAESER KOMPRESSOREN SE, ATLAS COPCO AB, TGT FUEL TECHNOLOGIES, HITACHI LTD., CORKEN, INC., NIGEN INTERNATIONAL LLC, GENERON, SAUER USA., INGERSOLL RAND and JEREH GROUP |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Market Restraint:
Restraint 1:
Industrial manufacturers depend on servicing and constantly use the existing compressors rather than investing in the new compressors to reduce the spending due to high cost of booster compressors is expected to hamper the growth of the booster compressor market.
Restraint 2:
Rising demand of electric vehicles and decreasing number of fuel stations is projected to hamper the growth of global booster compressor market. As per Statista the sales of electric vehicles is estimated to be around 4, 29,217 units in FY22 compared to 1, 34,821 units in FY21.
Market Opportunities:
Opportunity 1:
With the rising demand of oil & gas industry, there is a fueling need of crude oil which is projected to fuel the growth of the global booster compressor market. As per Statista the Global oil production evaluated to 89.9 million barrels per day in 2021and was around 95 million barrels per day in 2019.
Opportunity 2:
Increasing demand for water cooled booster compressors from heavy duty applications such as manufacturing, oil & gas exploration & production applications, industrial high-power operations and several others is expected to drive the growth of the booster compressor market during the forecast period.
Market Key Takeaways/Trends:
Trend 1:
Governments are aiming on improving industrial policies and rules to create a conducive surrounding for exploring new industries and enhancing sustainability among key players is expected to boost the growth of the booster compressor market .
Trend 2:
Increase in demand for single stage booster compressor from light duty and short period high pressure application with pressure need of less than 100 pounds per square inch gauge (PSIG) is projected to drive the growth of the market during the forecast period.
Competitive Landscape:
Major companies operating the global booster compressor market are KAESER KOMPRESSOREN SE, ATLAS COPCO AB, TGT FUEL TECHNOLOGIES, HITACHI LTD., CORKEN, INC., NIGEN INTERNATIONAL LLC, GENERON, SAUER USA., INGERSOLL RAND and JEREH GROUP.
Table of Contents:
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Cooling Type
- Market Snapshot, By Power Source
- Market Snapshot, By End-user
- Market Snapshot, By Geography
- Market Snapshot, By Compression stage
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Rising need of CNG and petroleum products
- Decreasing need of the fuel stations
- The use of booster compressor in paints, PVCs and drugs
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Global Booster Compressor Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Global Booster Compressor Market, By Cooling type, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Air
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Water
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Introduction
- Global Booster Compressor Market, By Power Source, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Air cooled
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Liquid cooled
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Introduction
- Global Booster Compressor Market, By Compressor Stage 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Single Stage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Double Stage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Multi Stage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Introduction
- Global Booster Compressor Market, By End-user industry, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Industrial Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Oil and Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Other
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn)
- Introduction
- Global Booster Compressor Market, By Region, 2017-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2022-2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Mn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Mn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Mn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Mn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Mn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Mn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Mn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Mn)
- Middle East &Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Mn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Mn)
- Introduction
- Competitive Landscape:
- ATLAS COPCO AB
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- CORKEN, INC.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- GENERON
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- HITACHI LTD.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- INGERSLL RAND
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- JEREH GROUP
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- KAESER KOMPRESSOREN SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- NIGEN INTERNATIONAL LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- SAUER USA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- TGT FUEL TECHNOLOGIES
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ATLAS COPCO AB
- Section:
- Research Methodology
- About Us
*Browse 24 market data tables and 28 figures on "Global Booster Compressor Market” - Europe forecast to 2030
Detailed Segmentation:
- Global Booster Compressor Market, By Cooling Type:
-
- Air
- Water
- Global Booster Compressor Market, By Power Source:
-
- Air Cooled
- Liquid Cooled
- Global Booster Compressor Market, By Region:
-
- North America
- Europe
- Asia-Pacific
- LAMEA
- Global Booster Compressor Market, By Compression Stage:
-
- Single Stage
- Double Stage
- Multi Stage
- Global Booster Compressor Market, By End-Use:
-
- Manufacturing
- Industrial Testing
- Oil & Gas
- Construction
- Others