April 20, 2022 08:03 ET | Source: Research and Markets Research and Markets
Dublin, April 20, 2022 (GLOBE NEWSWIRE) -- The "Booster Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global booster compressor market reached a value of US$ 3.24 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 4.49 Billion by 2027 exhibiting a CAGR of 5.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different industries. These insights are included in the report as a major market contributor. A booster compressor refers to a piece of equipment made to boost the pressure of an existing system. It consists of a delivered valve cylinder head, received tank and discharge tank and provides water-based and air-based cooling. It is widely used for testing industrial conduit and pipeline pressures, optimizing high-pressure tires, engine starter systems, increasing the volume and pressure of water in showerheads and faucets, PET bottle production and enhancing toque in small air tools. Booster compressor provides efficiency, productivity, versatility, transportability, safety, reliability, high-pressure production ability and profitability. Most of the booster compressors are pneumatic and are used for short durations to sustain high pressures. As a result, they find extensive application across various industries, such as manufacturing, chemical, and oil and gas. Booster Compressor Market Trends:
Significant growth in the oil and gas industry across the globe is creating a positive outlook for the market. Booster compressors are widely used to supply continuous gas to turbines at specified pressure and temperature. In line with this, the widespread product utilization in nitrogen compression and hydrogen blanketing is favoring the market growth.
Moreover, various technological advancements, such as the integration of artificial intelligence and the Internet of Things (IoT) for remote monitoring, analyzing performance, providing alerts for an unscheduled oil change and preventive maintenance (PM), are providing an impetus to the market growth.
Additionally, the increasing demand for liquified petroleum gas (LPG), compressed natural gas (CNG) and clean energy fuels due to rising environmental consciousness are positively impacting the market growth. Other factors, including significant expansion in the chemical industry, increasing demand for electric vehicles and the implementation of various government initiatives toward the development of the manufacturing industry, are anticipated to drive the market toward growth. Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global booster compressor market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on cooling type, compression stage, power source and end user. Breakup by Cooling Type:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. Key Questions Answered in This Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Booster Compressor Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Cooling Type 6.1 Air 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Water 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Compression Stage 7.1 Single Stage 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Double Stage 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Multistage 7.3.1 Market Trends 7.3.2 Market Forecast 8 Market Breakup by Power Source 8.1 Electric 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Combustion Engine 8.2.1 Market Trends 8.2.2 Market Forecast 9 Market Breakup by End User 9.1 Oil and Gas 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Manufacturing 9.2.1 Market Trends 9.2.2 Market Forecast 9.3 Industrial Testing 9.3.1 Market Trends 9.3.2 Market Forecast 9.4 Construction 9.4.1 Market Trends 9.4.2 Market Forecast 9.5 Others 9.5.1 Market Trends 9.5.2 Market Forecast 10 Market Breakup by Region 11 SWOT Analysis 12 Value Chain Analysis 13 Porters Five Forces Analysis
14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players 15.3.1 Atlas Copco AB 15.3.1.1 Company Overview 15.3.1.2 Product Portfolio 15.3.1.3 Financials 15.3.1.4 SWOT Analysis 15.3.2 BAUER COMP Holding GmbH 15.3.2.1 Company Overview 15.3.2.2 Product Portfolio 15.3.3 Bauer Compressors Inc. 15.3.3.1 Company Overview 15.3.3.2 Product Portfolio 15.3.4 BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG 15.3.4.1 Company Overview 15.3.4.2 Product Portfolio 15.3.5 Gas Compression Systems Inc. 15.3.5.1 Company Overview 15.3.5.2 Product Portfolio 15.3.6 Generon 15.3.6.1 Company Overview 15.3.6.2 Product Portfolio 15.3.7 Hitachi Ltd. 15.3.7.1 Company Overview 15.3.7.2 Product Portfolio 15.3.7.3 Financials 15.3.7.4 SWOT Analysis 15.3.8 IDEX Corporation 15.3.8.1 Company Overview 15.3.8.2 Product Portfolio 15.3.8.3 Financials 15.3.8.4 SWOT Analysis 15.3.9 Ingersoll Rand Inc. 15.3.9.1 Company Overview 15.3.9.2 Product Portfolio 15.3.9.3 Financials 15.3.9.4 SWOT Analysis 15.3.10 Kaeser Kompressoren SE 15.3.10.1 Company Overview 15.3.10.2 Product Portfolio 15.3.11 Sauer Compressors USA Inc. 15.3.11.1 Company Overview 15.3.11.2 Product Portfolio 15.3.12 TGT Fuel Technologies Pvt. Ltd. 15.3.12.1 Company Overview 15.3.12.2 Product Portfolio
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