Download
1 / 2
20 likes | 40 Views
The global booster compressor market is projected to reach a market size of USD 2.39 Billion in 2023, growing at a CAGR of 4.50%, from an estimated USD 1.92 Billion in 2018. Booster compressors are used in different applications in industries such as air boosting, gas bosting, air separation, and compression of gases for storage and transportation. Thus, the growing industrialization in developing countries will create demand for booster compressors.
E N D
Booster Compressor Market worth 2.39 Billion USD by 2023 The booster compressor market is expected to grow from an estimated USD 1.92 Billion in 2018 to USD 2.39 Billion by 2023, at a CAGR of 4.50% during the forecast period. The booster compressor market is primarily driven by the growing investments in oil & gas exploration and increasing industrialization in developing economies. In addition, the modular design and the lower cost of booster compressors will drive the demand of the booster compressor market. Browse 72 market data Tables and Browse 72 market data Tables and 36 Figures spread through Compressor Market by Cooling Type (Air, Water), Stage (Single, Double, Multi), Pressure Rating (14 Compressor Market by Cooling Type (Air, Water), Stage (Single, Double, Multi), Pressure Rating (14- -40 bar, 41 41- -100, 101 100, 101- -350, >350), End use Industry (oil 350, >350), End use Industry (oil & gas, process, chemicals, power) and Region & gas, process, chemicals, power) and Region - - Global Forecast to 2023 " to 2023 " https://www.marketsandmarkets.com/Market https://www.marketsandmarkets.com/Market- -Reports/booster Reports/booster- -compressor 36 Figures spread through 127 Pages and in 127 Pages and in- -depth TOC on depth TOC on "Booster "Booster 40 bar, Global Forecast compressor- -market market- -1902 1902891.html 891.html The oil & gas segment is expected to hold the largest share of the booster compressor market, by end The oil & gas segment is expected to hold the largest share of the booster compressor market, by end- -user, during the forecast period during the forecast period user, The oil & gas segment led the booster compressor market in 2017 and is projected to dominate the market during the forecast period. The booster compressor market for the oil & gas industry is driven by the growing investments in the industry. The investments are made in both upstream and midstream markets. The investment is driven by the growing demand for oil & gas in countries such as India and China. Booster compressors are used in different applications in the upstream and midstream industries such as hydrocarbon blanketing and gas boosting in the compression station. Thus, growing investments in the oil & gas sector create demand for booster compressors. Asia Pacific: The leading market for booster compressors Asia Pacific: The leading market for booster compressors Asia Pacific is projected to be the largest market for booster compressors during the forecast period. The major economies in the region such as China, India, and Australia are investing in the oil & gas industry in order to reduce their imports and meet their growing demand for oil & gas. The rising demand for oil & gas is attributed to the rapid industrialization in the region. The demand for natural gas in the region is increasing as countries such as China are diversifying their energy mix and moving toward natural gas to be used as a source for power generation. In addition, the petrochemical market in the region is rising driven by the growing oil & gas investments in the region. Booster compressors are used for different applications in this industry such as drilling activities in the oil & gas industry and air separation in the petrochemical industry. The growing investments in this industry is driving the booster compressor market in the region. Top players in the booster compressor market include Atlas Copco (Sweden), Ingersoll Rand (Republic of Ireland), Kaeser Kompressoren (Germany), SAUER Compressor (Germany) and BAUER Kompressoren (Germany). Down Download PDF Brochure@ load PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=1902891 https://www.marketsandmarkets.com/pdfdownload.asp?id=1902891 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with
the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Salgarkar MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com
