Booster Compressor Market Size, Industry Analysis Report By cooling type (Air, Water), By compression stage (Single stage, Double stage, Multi stage), By power source (Electric, Combustion engine), By end-user (Manufacturing, Industrial testing, Oil and gas, Construction) & Region - Forecasts By 2033
- PUBLISHED ON
- 2024-10-08
- NO OF PAGES
- 221
- CATEGORY
- Machinery & Heavy Industry
Market Overview
The Global Booster Compressor Market is presently worth USD 3,350 million and is poised to amplify at a CAGR of 5.6% over 2023-2033, thereby amassing a valuation of USD 5,100 million by end of the assessment timeline.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 3,350 Million |
Market Forecast in 2033 | USD 5,100 Million |
CAGR % 2023-2033 | 5.6% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product type, end-user industry, company share, company heatmap, company Compression stage Technology type capacity, growth factors and more |
Segments Covered | cooling type, compression stage, power source, end user |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | KAESER KOMPRESSOREN SE, ATLAS COPCO AB, TGT FUEL TECHNOLOGIES, HITACHI LTD., CORKEN, INC., NIGEN INTERNATIONAL LLC, GENERON, SAUER USA., INGERSOLL RAND and JEREH GROUP. |
Booster Compressor Market: Description
A booster compressor is a tool used to increase the pressure of an existing compressor by around three to five times the pressure produced normally. A plunger or piston-type compressor is a booster compressor. The booster compressor is used in industries to maintain high pressures for brief periods of time. Pneumatic booster compressors are the majority. Existing compressors are unable to generate the necessary pressure for several industrial applications because they require high pressure and power. In these circumstances, a booster compressor is used to increase the operation's pressure.
A good prognosis for the market is being produced by the significant increase experienced by the global oil and gas industry. In order to continuously provide gas to turbines at a specific pressure and temperature, booster compressors are frequently utilised. Accordingly, the broad use of the substance in nitrogen compression and hydrogen blanketing is promoting market expansion.
The industry is also being boosted by a number of technological developments, such as the integration of artificial intelligence and the Internet of Things (IoT) for remote monitoring, performance analysis, alarms for an unscheduled oil change, and preventative maintenance (PM). Additionally, growing environmental consciousness is having a favourable impact on market growth, driving up demand for clean energy fuels including liquified petroleum gas (LPG), compressed natural gas (CNG), and LPG.
The market is expected to rise as a result of a number of other factors, including as the major expansion of the chemical industry, rising demand for electric vehicles, and the execution of numerous government efforts to promote the manufacturing sector.
Booster compressors are widely used in air-filled products like perfumes, deodorants, handheld cylinders, and many others. In addition, the demand for fashion items like hair spray and many others is driving up the price of booster compressors. Rising tourism activity is also driving up demand for the market for booster compressors globally.
The demand for single stage booster compressors is expected to rise due to the light work and brief periods of high-pressure usage with pressure requirements lower than 100 pounds square inch gauge. In addition, single stage compressors are heavily used to power numerous portable devices, including grinding tools for woodworking.
Global Booster Compressor Market- Segmental Analysis:
Cooling type Insights
The water cooled booster segment holds the largest market share, and is projected to grow further in the future years, due to the rise in demand for booster compressor from large-scale industries such as mining, plastics, chemical, manufacturing, industrial testing, and power generation.
Compression stage Insights
The Single stage segment is expected to generate significant returns by 2030 owing to their energy efficient nature.
Power source Insights
The Electric segment holds the largest market share, and is projected to grow further in the future years. An electric booster compressor is a type of compressor that uses an electric motor to compress air or gas to a higher pressure. This type of compressor is commonly used in various industrial and manufacturing applications where compressed air or gas is required at high pressure.
End user Insights
The Manufacturing segment is poised to amass notable gains over estimated timeframe due to the rising adoption of manufacturing technologies across the globe.
Regional Insights
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share, the region's expanding industrialization is blamed for the market expansion in Asia and the Pacific. In nations like China, India, Taiwan, and Indonesia, manufacturing industries are expanding. For a variety of uses, including laser cutting, high pressure input for various machines, and gas boosting, the industrial sectors need booster compressors. Therefore, the increasing industrialization in the area is probably going to open up a demand for booster compressors.
Competitive Analysis
The prominent companies defining the competitive terrain of this marketplace are KAESER KOMPRESSOREN SE, ATLAS COPCO AB, TGT FUEL TECHNOLOGIES, HITACHI LTD., CORKEN, INC., NIGEN INTERNATIONAL LLC, GENERON, SAUER USA., INGERSOLL RAND and JEREH GROUP.
· Atlas Copco announced the launch of a new range of energy-efficient booster compressors in December 2021, designed to deliver high-pressure air for a range of industrial applications. Similarly, Ingersoll-Rand plc announced the acquisition of an air compressor distribution company in Canada, Power Equipment Company, in November 2021, to strengthen its market position in North America.
Booster Compressor Market- Segmental Analysis
By cooling type
· Air
· Water
· Others
By compression stage
· Single stage
· Double stage
· Multi stage
· Others
By power source
· Electric
· Combustion engine
· Others
By end-user
· Manufacturing
· Industrial testing
· Oil and gas
· Construction
· Others
1. Global Booster Compressor Market Introduction and Market Overview
1.1.
Objectives of the Study
1.2.
Global Booster Compressor
Market Scope and Market Estimation
1.2.1.Global Booster
Compressor Overall Market Size, Revenue (US$ Mn) and Volume (Units), Market
CAGR (%), Market forecast (2023 - 2033)
1.2.2.Global Booster
Compressor Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033
1.3.
Market Segmentation
1.3.1.Cooling
type of Global Booster Compressor Market
1.3.2.Power
source of Global Booster Compressor Market
1.3.3.Compression
stage of Global Booster Compressor Market
1.3.4.End User
of Global Booster Compressor Market
1.3.5.Region
of Global Booster Compressor Market
2. Executive Summary
3. Market Factor Analysis
3.1. Global Booster Compressor
Market Application Trends under COVID-19 Outbreak
3.1.1.Global
COVID-19 Status Overview
3.1.2.Influence
of COVID-19 Outbreak on Global Booster Compressor Market Application
Development
3.2. Market Dynamics
3.2.1.Drivers
3.2.2.Limitations
3.2.3.Opportunities
3.2.4.Impact
Analysis of Drivers and Restraints
3.3. Value Chain/ Ecosystem
Analysis
3.3.1.Manufacturers
/ Vendors
3.3.2.Distributors
3.3.3.Buyers /
End-users
3.3.4.Forward
Integration & Backward Integration of Key Stakeholders
3.4. Global Booster Compressor
Market - Pricing Trends Analysis & Average Selling Prices (ASPs)
3.5. Porter’s Five Forces
Analysis
3.5.1.Bargaining
Power of Suppliers
3.5.2.Bargaining
Power of Buyers
3.5.3.Threat
of Substitutes
3.5.4.Threat
of New Entrants
3.5.5.Competitive
Rivalry
3.6. PEST Analysis
3.6.1.Political
Factors
3.6.2.Economic
Factors
3.6.3.Social
Factors
3.6.4.Technological
Factors
3.7. Impact of Russia Ukraine
War on Booster Compressor Market
3.8. Impact of Economic
Downturn on Booster Compressor Market
3.9. Booster Compressor Production
Capacity, by Major Countries
3.10. Market Investment
Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
4. Global Booster Compressor
Market Estimates & Forecast Trend Analysis, by Cooling
type
4.1.
Global Booster Compressor
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Cooling type, 2019 to 2033
4.1.1. Air
4.1.2.·Water
4.1.3.Others
5. Global Booster Compressor
Market Estimates & Forecast Trend Analysis, by Compression
Stage
5.1.
Global Booster Compressor
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Compression Stage, 2019 to 2033
5.1.1. Single
stage
5.1.2.Double
stage
5.1.3.Multi
stage
5.1.4.Others
6. Global Booster Compressor
Market Estimates & Forecast Trend Analysis, by End
User
6.1.
Global Booster Compressor
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by End User, 2019 to 2033
6.1.1. Manufacturing
6.1.2.Industrial
testing
6.1.3.Oil and
gas
6.1.4.Construction
6.1.5.Others
7. Global Booster Compressor
Market Estimates & Forecast Trend Analysis, by Power
Source
7.1.
Global Booster Compressor
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Power Source, 2019 to 2033
7.1.1. Electric
7.1.2.Combustion
engine
7.1.3.Others
8. Global Booster Compressor
Market Estimates & Forecast Trend Analysis, by
Region
8.1.
Global Booster Compressor
Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region,
2019 to 2033
8.1.1.North
America
8.1.2.Europe
8.1.3.Asia
Pacific
8.1.4.Middle East & Africa
8.1.5.South
America
9. North America Booster Compressor Market:
Estimates & Forecast Trend Analysis
9.1. North America Booster Compressor Market Assessments & Key
Findings
9.1.1.Booster
Compressor Market Introduction
9.1.2.Booster
Compressor Market Size Estimates and Forecast (US$ Million & Units) (2019 –
2033)
9.1.2.1.
By Cooling type
9.1.2.2.
By compression stage
9.1.2.3.
By end user
9.1.2.4.
By Power source
9.1.2.5.
By Country
9.1.2.5.1.
The U.S.
9.1.2.5.2.
Canada
9.1.2.5.3.
Mexico
10. Europe Booster Compressor Market:
Estimates & Forecast Trend Analysis
10.1. Europe Booster Compressor Market Assessments & Key Findings
10.1.1.
Booster Compressor Market
Introduction
10.1.2.
Booster Compressor Market Size
Estimates and Forecast (US$ Million & Units) (2019 – 2033)
10.1.2.1.
By Cooling type
10.1.2.2.
By compression stage
10.1.2.3.
By end user
10.1.2.4.
By Power source
10.1.2.5.
By Country
10.1.2.5.1. Italy
10.1.2.5.2. Germany
10.1.2.5.3. U.K.
10.1.2.5.4. France
10.1.2.5.5. Spain
10.1.2.5.6. Rest of Europe
11. Asia Pacific Booster Compressor Market:
Estimates & Forecast Trend Analysis
11.1. Asia Pacific Market Assessments & Key Findings
11.1.1.
Booster Compressor Market
Introduction
11.1.2.
Booster Compressor Market Size and
Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
11.1.2.1.
By Cooling type
11.1.2.2.
By compression stage
11.1.2.3.
By end user
11.1.2.4.
By Power source
11.1.2.5.
By Country
11.1.2.5.1. China
11.1.2.5.2. Japan
11.1.2.5.3. India
11.1.2.5.4. Australia
11.1.2.5.5. South Korea
11.1.2.5.6. ASEAN
11.1.2.5.7. Rest of Asia Pacific
12. Middle East & Africa Booster Compressor Market: Estimates & Forecast Trend Analysis
12.1. Middle East & Africa Market Assessments & Key Findings
12.1.1.
Booster Compressor Market
Introduction
12.1.2.
Booster Compressor Market Size
and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
12.1.2.1.
By Cooling type
12.1.2.2.
By compression stage
12.1.2.3.
By end user
12.1.2.4.
By Power source
12.1.2.5.
By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13. South America Booster Compressor Market:
Estimates & Forecast Trend Analysis
13.1. South America Market Assessments & Key Findings
13.1.1.
Booster Compressor Market
Introduction
13.1.2.
Booster Compressor Market Size and
Volume Estimates and Forecast (US$ Million & Units) (2019 – 2033)
13.1.2.1.
By Cooling type
13.1.2.2.
By compression stage
13.1.2.3.
By end user
13.1.2.4.
By Power source
13.1.2.5.
By Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest of South America
14.
Competition Landscape
14.1. Booster Compressor Market Competition Matrix & Benchmarking, by
Leading Players / Innovators / Emerging Players / New Entrants
14.2. Booster Compressor Market Competition White Space Analysis, By End-user
14.3. Booster Compressor Market Competition Regional Intensity Map
Analysis, By Geographies Served
14.4. Booster Compressor Market Concentration & Company Market Shares
(%) Analysis, 2022
15.
Company Profiles
15.1.KAESER KOMPRESSOREN SE
15.1.1.
Company Overview & Key
Stats
15.1.2.
Financial Performance &
KPIs
15.1.3.
Product Portfolio
15.1.4.
Business Strategy & Recent
Developments
* Similar details would be provided for all the players
mentioned below
15.2.ATLAS COPCO AB
15.3.TGT FUEL TECHNOLOGIES
15.4.HITACHI LTD
15.5. CORKEN, INC.
15.6.NIGEN INTERNATIONAL LLC
15.7.GENERON
15.8.SAUER USA
15.9.INGERSOLL RAND
15.10.
Others**
16.
Research Methodology
16.1.
External Power
Outputs / Databases
16.2.
Internal
Proprietary Database
16.3.
Primary
Research
16.4.
Secondary
Research
16.5.
Assumptions
16.6.
Limitations
16.7.
Report
FAQs
17.
Research Findings & Conclusion
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Frequently Asked Questions
What is the market size and growth projections?
The Global Booster Compressor Market is presently worth USD 3,350 million and is poised to amplify at a CAGR of 5.6% over 2023-2033, thereby amassing a valuation of USD 5,100 million by end of the assessment timeline.
What are the drivers shaping various markets?
Booster compressors are widely used in air-filled products like perfumes, deodorants, handheld cylinders, and many others. In addition, the demand for fashion items like hair spray and many others is driving up the price of booster compressors. Rising tourism activity is also driving up demand for the market for booster compressors globally.
Who are the key competitors of market Players?
Some of the major players operating within the market are KAESER KOMPRESSOREN SE, ATLAS COPCO AB, TGT FUEL TECHNOLOGIES, HITACHI LTD., CORKEN, INC., NIGEN INTERNATIONAL LLC, GENERON, SAUER USA., INGERSOLL RAND and JEREH GROUP.
What are the top performing segments, and countries / regions of each of the markets?
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share, the region's expanding industrialization is blamed for the market expansion in Asia and the Pacific.
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