The Global Booster Compressor Market report for by type (air-cooled and water-cooled) –by compressor stage (single stage, double stage and multistage) –By pressure (14–40 bar, 41–100 bar, 101–350 bar and Above 351 bar)- by end user (oil & gas, process industry, chemical& petrochemical, power generation and others) -by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) – is expected to reach US $ 3.20Bn by 2026, at a CAGR of 7.46%.
Rapid industrialization in developing economies is one of the key drivers for the booster compressor market. Additionally, modular design as per the application requirement and the lower cost of booster compressors will drive the demand of the booster compressor market.
Booster compressors are requisite in the oil & gas drilling process and for air separation in refineries. Growing investments in oil & gas industries exploration are increasing demand for the booster compressor. Furthermore, the availability of substitute such as the standalone high-pressure compressor is limiting the growth of booster compressor market.
The oil & gas industry is expected to witness grow at a high rate of CAGR during the forecast year.
The Asia Pacific market is estimated to share significant growth in the booster compressor market during the forecast period.
The Asia Pacific market is estimated to share significant growth in the booster compressor market during the forecast period. The growth of the booster compressor market is attributed toward the rapid industrialization in the region. The manufacturing industries necessitate booster compressors for different applications such as laser cutting, high-pressure input for different types of machinery, and gas boosting. Increasing manufacturing industries in developing countries such as India and China are contributing large market share in this region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as Boge Kompressoren ,SAUER Compressor ,BAUER Kompressoren ,Hitachi ,Ingersoll Rand ,Atlas Copco ,Kaeser Kompressoren ,Gardner Denver ,BHGE ,Idex Corporation ,Maximator ,Haskel and Kaeser Kompressoren.
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