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

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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

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