About Booster Compressor
Rapid growing industrialization will help to boost global booster compressor market. Booster Compressor is used to delivers high-pressure air, saving about 35% power, compared to conventional high-pressure compressors. Growing investment in oil & gas industry, expansion in the manufacturing industry and increasing usage of Multi-Stage Compressor. These are key driving factors of the global booster compressor market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 5.9% |
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Booster Compressor market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Atlas Copco (Sweden), Ingersoll Rand (Republic of Ireland), Kaeser Kompressoren (Germany), SAUER Compressor (Germany), BAUER Kompressoren (Germany), Hitachi (Japan), Ingersoll Rand (Ireland), Gardner Denver (United States), BHGE (United Kingdom) and Idex Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Maximator (Germany) and Haskel (United States).
Segmentation Overview
AMA Research has segmented the market of Global Booster Compressor market by and Region.
On the basis of geography, the market of Booster Compressor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Compression Stage, the sub-segment i.e. Single stage will boost the Booster Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cooling Type, the sub-segment i.e. Air-cooled will boost the Booster Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pressure, the sub-segment i.e. 14–40 Bar will boost the Booster Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Oil & Gas will boost the Booster Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Industrialization in Emerging Economies and High Demand Due To Use in the Upstream Market Such As Nitrogen Production
Market Growth Drivers:
High Demand Due To Lower Cost and Modular Design of Booster Compressor and Growing Demand in Various End-User Industry Segments
Challenges:
Adherence to Stringent Quality Standards
Restraints:
High Maintenance Cost and Availability of Alternative Equipment Such As Standalone High-Pressure Compressor
Opportunities:
Rising Investment in Oil & Gas Industry and Technical Advancement in Cooling Technology
Market Leaders and their expansionary development strategies
In December 2023, Safran Aero Boosters, based in Belgium's Walloon region, and the Flemish company BMT Aerospace will partner under the Memorandum of Understanding (MoU) that Safran Aero Boosters signed with Pratt & Whitney. The signing took place at Lockheed Martin, manufacturer of the F35 aircraft, in Texas (USA), during the roll-out ceremony for the first Belgian F35, and was attended by Prime Minister Alexander De Croo and a large Belgian delegation.
In July 2023, Atlas Copco has launched new versions of its XAVS 238 and XATS 288 portable compressors with a 27 per cent smaller footprint. This unique size for 238-288 cfm single-axis compressors, which are also 20 per cent lighter, offers users ultimate flexibility for both transport and usage on site.
Key Target Audience
End-Use Industries Such As Oil & Gas and Petrochemical and Chemical, Booster Compressor Manufacturers and Suppliers, Industry Associations, Government and Private Research Organizations, Government Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.