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.” The study provides a detailed analysis of the industry, including the global booster compressor market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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.

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.

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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.

What is included in market 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

Market 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

Who are the key players operating in the industry?

The report covers the major market players including:

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. and TGT Fuel Technologies Pvt. Ltd.

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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