Booster Compressor Market Expanding

According MarketsandMarkets’ research report "Booster Compressor Market by Cooling Type (Air, Water), Stage (Single, Double, Multi), Pressure Rating (14-40 bar, 41-100, 101-350, >350), End use Industry (oil & gas, process, chemicals, power) and Region - Global Forecast to 2023", the booster compressor market is expected to grow from an $1.92 Billion in 2018 to $2.39 Billion by 2023, at a CAGR of 4.50%. This market is primarily driven by the growing investments in oil & gas exploration and increasing industrialization in developing economies. In addition, modular designs and lower cost of booster compressors will drive the demand further.

 

Report Takeaways

Fierce AI Week

Register today for Fierce AI Week - a free virtual event | August 10-12

Advances in AI and Machine Learning are adding an unprecedented level of intelligence to everything through capabilities such as speech processing and image & facial recognition. An essential event for design engineers and AI professionals, Engineering AI sessions during Fierce AI Week explore some of the most innovative real-world applications today, the technological advances that are accelerating adoption of AI and Machine Learning, and what the future holds for this game-changing technology.

 

The oil & gas segment is expected to hold the largest share of the Booster Compressor Market, by end-user, during the forecast period

Air-cooled segment is expected to be the fastest growing cooling type market

Asia Pacific: The leading market for booster compressors

Major market players include Atlas Copco (Sweden), Ingersoll Rand (Republic of Ireland), Kaeser Kompressoren (Germany), SAUER Compressor (Germany) and BAUER Kompressoren (Germany).      

 

Need more uncompressed information and data? Then browse 72 market data tables and 36 figures in the "Booster Compressor Market" report.

 

MarketsandMarkets

Northbrook, IL

888-600-6441

[email protected] 

Suggested Articles

HP leads the pack, but Apple sees 36% surge in notebooks, desktops compared to a year ago

New York City residents moving upstate will give hundreds of towns extra tax revenue to invest in new streetlights with IoT sensors, NYPA foresees

With about one-fifth the revenues of Intel, Nvidia’s market capitalization exceeds Intel’s as Nvidia stock hits record high