Global Booster Compressor Market Trends, Segmentation, Growth, Analysis and Forecast 2023-2032

Market Overview:
The Global Booster Compressors Market Size Was Valued at USD 1.96 Billion in 2021, and is Projected to Reach USD 2.43 Billion By 2028, Growing at A CAGR of 3.1 % From 2022 to 2028.

Booster compressors are designed to increase the pressure of an existing compressor by using a plunger or piston to compress the air further. These types of compressors are often used in industrial applications where high pressures are required for short periods, such as in pneumatic tools or certain manufacturing processes. Booster compressors are especially useful in situations where a standard compressor is unable to provide the necessary pressure or power required. They can be used in a variety of industries, including manufacturing, oil and gas, and mining, among others.

Download PDF Copy -
https://introspectivemarketresearch.com/request/16124

Market Dynamics:
Driver:
Gas-fired power plants use natural gas as a fuel source to generate electricity. In these plants, gas turbines are used to produce mechanical energy, which is then converted into electrical energy using a generator. The efficiency of the gas turbine is affected by the air pressure entering the combustion chamber, and this is where booster compressors play an important role. Booster compressors are used in gas-fired power plants to increase the pressure of the air entering the gas turbine's combustion chamber. This is necessary because the pressure of the air in the combustion chamber affects the efficiency of the gas turbine.

Opportunities:
The demand for booster compressors is likely to be supported by increased investments in developing nations, particularly in industries such as oil and gas, chemicals, and power generation. Developing nations are investing heavily in their infrastructure and industries to support economic growth, which is driving demand for booster compressors. Governments in these nations are also focusing on improving industrial regulations and policies to provide a favorable environment for the development of new industries and the enhancement of competitive sustainability. This includes supportive laws and policies to promote foreign investment and facilitate the establishment of new businesses, which in turn drives demand for industrial equipment like booster compressors.

Segmentation Analysis of Booster Compressor Market
By Cooling Type, the air-cooled segment is anticipated to dominate the market over the forecast period. This segment's growth is linked to the growing availability of new compressor packages in the air-cooled variant. Heat can be recovered from air-cooled booster compressors by using it to power preheating batteries or heat buildings. Significant utility savings as a result of the deployment of this compressor type will promote segmental growth during the predicted period. Furthermore, because of the forced ventilation system, the motor loses less energy, increasing the compressor's efficiency even at high pressure. The cost of an air-cooled booster compressor is less than that of a water-cooled booster compressor. During the anticipated period, these factors will propel the air-cooled booster compressor market forward.
• Air-cooled
• Water-cooled

By Compression Stage, owing to advantages connected with double stage booster compressors such as more economical, low power consumption, reduced compressor displacement, and low discharge temperature, the double stage segment led the global market in terms of share. Furthermore, an increase in demand for double stage booster compressors from heavy-duty applications such as lifting, screwing, greasing, painting, and others, in furniture factories, the food & beverage packaging industry, aerospace & military construction, and other industries, is expected to drive market growth over the forecast period.
• Single stage
• Double stage
• Multistage

By End-User, the oil & gas segment is projected to register the maximum market share over the forecast period. The increased investments in the oil and gas industry are driving the booster compressor market. Both upstream and midstream areas are targeted for investment. The investment is motivated by rising oil and gas demand in nations like India and China. Booster compressors are utilized in a variety of upstream and midstream applications, including hydrocarbon blanketing and gas boosting in compression stations. In oilfield facilities, compressor equipment is used to maintain or increase the pressure of transported gas as it travels through pipelines to the source and eventual customer. Gas-driven reciprocating compressors are commonly used in this application. They also have a power rating of 150 to 3,500 kW and working discharge pressure of 20 to 50 bar. This technique also enables the removal of contaminants such as hydrogen sulfide, which can be as high as 6% in some hydrocarbons. As a result, demand for booster compressors is expanding in the oil and gas industry.
• Oil & Gas
• Process Industry
• Chemical & Petrochemical
• Power Generation
• Others

Speak to Our Analyst at
https://introspectivemarketresearch.com/speak-to-analyst/16124

Regional Analysis of Booster Compressor Market
Asia Pacific region is anticipated to dominate the market over the forecast period. The increasing pace of urbanization in emerging countries has resulted in an increase in energy consumption in Asia. As a result, there has been a rise in the number of power production projects and new fuel supply transit networks. Natural gas is one of the most common generation sources in the power generation industry in the region. According to the BP Statistical Review of World Energy, the country's natural gas-based power generation in 2020 was roughly 1457 TWh, with China, Japan, and South Korea accounting for the majority of it. Asian governments have enacted strict requirements for greener power generating sources, resulting in a slew of gas-fired power plant developments expected in the next years. Furthermore, the region's petrochemical sector is expanding, thanks to increased oil and gas investments. Booster compressors are utilized in this industry for a variety of purposes, including drilling in the oil and gas industry and air separation in the petrochemical industry. The booster compressor market in the area is being driven by rising investments in this industry.

The booster compressor market in North America is likely to increase at a high rate in terms of revenue, and this growth is expected to continue throughout the forecast period. This is due to the region's large customer base and presence of important players. Furthermore, due to their durability and exceptional high-pressure efficiency, booster compressors are gaining popularity in the construction, food & beverage packaging, industrial, and oil & gas industries, which is likely to support market growth during the forecast period. According to the EIA, the United States will consume over 30.5 trillion ft3 of natural gas in 2020, resulting in a demand for booster air compressors in the natural gas sector. Furthermore, the quick transition away from coal and increasing investment in renewable energy to achieve a net-zero footprint will amplify the regional industrial picture in the next years.
North America
• US
• Canada
• Mexico
Eastern Europe
• Bulgaria
• The Czech Republic
• Hungary
• Poland
• Romania
• Rest of Eastern Europe
Western Europe
• Germany
• UK
• France
• Netherlands
• Italy
• Russia
• Spain
• Rest of Western Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Thailand
• Vietnam
• The Philippines
• Australia
• New Zealand
• Rest of APAC
Middle East & Africa
• Turkey
• Bahrain
• Kuwait
• Saudi Arabia
• Qatar
• UAE
• Israel
• South Africa
South America
• Brazil
• Argentina
• Rest of SA

Enquire before buying at
https://introspectivemarketresearch.com/inquiry/16124

Players Covered in Booster Compressor Market are:
• Atlas Copco Ltd.
• Gardner Denver Inc.
• KAESER KOMPRESSOREN
• Baker Hughes
• BOGE
• Sauer USA
• BAUER COMP Holding GmbH
• Hitachi Ltd.
• Haskel
• Ingersoll-Rand Plc.
• a GE company LLC
• IDEX
• Maximator GmbH and other major players.

Key Industry Developments In Booster Compressor Market
1. In 2021, HP Oil Gas Private Limited (HOGPL), a joint venture between HPCL and OIL, recently published a tender for the installation and configuration of 400SCMH booster compressors for the Kolhapur district, Maharashtra, India, city gas distribution project. The winning bidder will be responsible for CNG Booster compressor supply (including shipping, transit insurance, loading, and unloading), installation, commissioning, and field performance testing.

2. In January 2021, SIAD Macchine Impianti (SIAD MI) has signed a contract to design and build boosters for FPSO units operating in the Foinaven offshore area, west of the Shetland Islands. Due to the installation requirements, the compressor required unique adaptation. Engineers at the business had to modify the compressor design to fit the FPSO's tiny quarters while maintaining a pressure of 5221 psi.

What makes the information worth buying?

• A comprehensive and in-depth overview of the global Electric Mobility industry in exchange, use, and geographical area sectors is provided.

• This research looks at the industry rewards and constraints that influence industry growth.

• Developing business strategies and aspects to aid in an emerging market.

• Examining free markets and developing appropriate strategies.

Purchase This Report:
https://introspectivemarketresearch.com/checkout/?user=1&_sid=16124

Read Our Published Report:
Water Desalination Equipment Market:
https://introspectivemarketresearch.com/reports/water-desalination-equipment-market/

Emission Control Catalysts Market:
https://introspectivemarketresearch.com/reports/emission-control-catalysts-market/

Energy Trading & Risk Management (ETRM) Market:
https://introspectivemarketresearch.com/reports/energy-trading-risk-management-etrm-market/

Amniotic Products Market:
https://introspectivemarketresearch.com/reports/amniotic-products-market/

Contact Us:
Mike Cooper
Business Development Manager
3001 S King Drive, Chicago, Illinois,
U.S. A 60616
Contact No: USA: +1 (773)-382-1049 / IND: +91-81-8009-6367
Email: sales@introspectivemarketresearch.com

About Us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyse extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

This release was published on openPR.