Publication Month: Oct 2019 | Report Code: TIPEL00002495 | No. of Pages: 211 | Category: Electronics and Semiconductor | Status: Published
Geographically, the booster compressor market is segmented into North America, APAC, Europe, MEA, and SAM. Asia Pacific led the booster compressor market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years to during the forecast period. The presence of a strong manufacturing sector coupled with sturdy Government initiatives towards the development of the manufacturing sector in the developing countries such as the India and China is anticipated to drive the demand of booster compressors in this region.
North America is the second-largest market in the booster compressor market. Apart from APAC and North America, Europe remains the third-largest geographic segment in the booster compressor market. In Europe, the presence of robust booster compressor manufacturing companies and their significant investments in developing innovative as well as highly advanced products and equipment is anticipated to boost the growth of the booster compressor market in Europe.
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.
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.
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
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.
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.
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.
|Market Size Value in||US$ 2.29 Billion in 2018|
|Market Size Value by||US$ 3.48 Billion by 2027|
|Growth rate||CAGR of 4.9% from 2019-2027|
|No. of Pages||211|
|No. of Tables||111|
|No. of Charts & Figures||90|
|Historical data available||Yes|
|Segments covered||Pressure ; Type of Cooling ; Compression Stage ; Industry Vertical|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
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:
2019:Atlas Copco AB acquired Eurochiller S.r.l., Vallen Distribution Inc., MGES Inc., Air Compresseur service, Bold & Cichos GbR and more distributors. The acquisition would be considered under the compressor segment. Through this acquisition, the global operations of the company would grow.
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.
2018:KAESER presented a compact and powerful reciprocating compressor. The new i.Comp provides oil-free compressed air when need arises. It is a mobile, infinitely-adjustable reciprocating compressor developed which is powerful, durable, compact, maintenance-friendly, and easy to handle with greater efficiency. These compressors are capable to operate with 100% duty cycles.
2017:BHGE has received contracts from Eni East Africa’s Coral South FLNG development offshore Mozambique. The company is accountable to offer rotating equipment for the power and gas refrigeration process of the FLNG vessel. The company also entitled to provide boil-off gas (BOG) and booster compressors to re-liquefy extreme BOG evaporating from the LNG storage tanks.
The List of Companies