IMARC Group, a leading market research company, has recently releases report titled “Booster Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, Offers a comprehensive analysis of the industry, which comprises insights on the booster compressor market share.
How Big is the Booster Compressor Market?
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.
Industry Overview of Booster Compressor
A booster compressor is used to increase the pressure of gas in the existing system. It consists of an inlet filter, valve, intercooler, intermediate pressure receiver, and control system. It is smaller in size than the primary compressor, which saves space and reduces installation costs. It improves the energy efficiency of the system and reduces the load on the primary compressor, which results in lower energy costs and carbon emissions. It also facilitates a backup system in case of failure, which improves the reliability and continuity of the overall system. At present, it is widely utilized in industrial applications, such as gas pipelines, refineries, and chemical plants across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/booster-compressor-market/requestsample
What are the growth prospects and trends in the booster compressor industry?
The burgeoning oil and gas industry and escalating demand for booster compressors to supply continuous gas to turbines at specified pressure and temperature represent one of the key factors positively influencing the market across the globe.
In addition, the widespread adoption of advanced technologies, such as artificial intelligence (AI), augmented reality (AR), virtual reality (VR), and the internet of things (IoT) for real-time monitoring, analyzing performance, notification alerts for preventive maintenance (PM), are bolstering the market growth.
Furthermore, the increasing demand for liquified petroleum gas (LPG), compressed natural gas (CNG), and clean energy fuels due to rising environmental consciousness are propelling the market growth.
Leading Companies Operating in the Global Booster Compressor Industry:
- 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.
- TGT Fuel Technologies Pvt. Ltd.
Booster Compressor Market Report Segmentation:
The report has segmented the market into the following categories:
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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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