Booster Compressor Market Size, Regional Outlook, Growth Potential, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2023 – 2032

Booster Compressor Market size is poised to expand substantially from 2023 to 2032 owing to the increasing use of compressed air pressure boosters in engine starter systems, PET bottle production, and actuated braking systems.
 

Natural gas boosters are widely used by oil and gas companies for natural oil and gas recovery. The dynamic growth in the number of natural gas pipeline projects to serve the skyrocketing energy needs worldwide will foster the demand for novel booster compressor technologies. According to the National Gas Pipeline Project Tracker of the U.S. Energy Information Administration (EIA), natural gas pipeline capacity of more than 4.4 billion ft³ per day has been added between November 2020 to January 2021.
 

Additionally, the paradigm shift toward electric vehicles (EVs) amidst the ongoing efforts to curb automotive emissions will have a positive impact on the booster compressor market. As per the International Energy Agency (IEA), the sales of electric cars doubled in 2021 reaching a record high of 6.6 million. Furthermore, compressed air and gas play a vital role in the production of electric car batteries, indicating the substantial need for associated technologies, thereby driving the industry expansion.
 

Booster compressor market share from the air-cooling segment is projected to record sizeable growth by 2032. The increasing availability of advanced compressor packages in the air-cooled version will spur the product adoption. Air-cooled boosters are gaining significant momentum as they boast of abilities to help industrial units recover heat losses by supplying the energy to charge heat buildings, or preheating batteries. High utility-saving associated with the deployment of these systems will also propel the industry trends.
 

North America booster compressor market size is set to witness significant expansion from 2023 to 2032 led by the growing demand for space heating, water heating, and electricity produced from natural gas. The U.S. EIA (Energy Information Administration) projected that the country’s natural gas consumption would increase by 1% reaching 84.1 (Bcf/d) in 2022. The presence of extremely cold weather conditions in the U.S. and Canada are also accelerating the demand for highly efficient space heating solutions. Moreover, the increasing inclination towards clean energy systems and the introduction of ambitious net-zero emission targets will further accelerate the adoption of booster compressors in the region.
 

Major participants operating in the global booster compressor market  are Haskel (Ingersoll Rand), Maximator, Baker Hughes Company (formerly BHGE), SAUER Compressors, Atlas Copco, Kaeser Kompressoren, Bauer Kompressoren, Gardner Denver, and Hitachi. These firms are focusing on new product developments to launch advanced portfolios to attain competitive edges. For instance, in April 2021, Kaeser introduced a CNC line of booster compressors that help to reduce installation difficulties, ensure smaller footprint, and enhance better machine protection. 
 

However, the introduction of novel challenges such as the COVID-19 pandemic and the Russia-Ukraine war may hamper the industry outlook. While the pandemic introduced unprecedented supply chain disruptions, the fallout between Russia and Ukraine further aggravated the rate of inflation driven by rigorous sanctions implemented by the western economies. The unprecedented crisis significantly affected the oil and gas sectors worldwide, negatively influencing investments in modern compressor systems.
 

Nonetheless, booster compressors are recording multiple applications, such as in the healthcare sector to provide COVID-19 patients access to medical-grade oxygen. These compressors are also increasingly used in pressure swing adsorption (PSA) oxygen plants to enhance output for hospital consumption, subsequently driving the industry growth.
 

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