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Booster Compressor Market Size, Regional Outlook, Growth Potential, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3617

Booster Compressor Market size is expected to increase commendably over 2022-2028, owing to the rising application scope of compressed air pressure boosters, including in PET bottle production, actuated braking systems, and engine starter systems. Likewise, the considerable increase in spending across the oil and gas industry for production and exploration activities will also augment the product demand, given its deployment in oil and gas wells for enhanced recovery.

An air pressure booster system refers to a device used to optimize pre-compressed air circulating in a system. This booster is capable of multiplying air from the low-pressure compressor to yield compressed air at higher pressures. A booster compressor can boost pressure in systems, typically by 4 to 6 times as compared to normal pressure produced by various machines in factories.

Rapid completion of natural gas pipeline projects is among the key trends characterizing the booster compressor market dynamics through 2022-2028. As per the Natural Gas Pipeline Project Tracker of the U.S. EIA (Energy Information Administration), over 4.4 billion ft³ per day of natural gas pipeline capacity have entered service from November 2020 to January 2021. Developments such as these could amplify the need for natural gas booster compressors for natural oil and gas recovery. In addition, the gradual shift towards electric vehicles to reduce emissions will also stimulate industry growth, considering the requirement of compressed air and gas to optimize the production of electric car batteries.

Based on cooling type, the air segment is set to hold an appreciable share in the booster compressor industry by 2028. Growth from this segment can be credited to the increasing availability of modern compressor packages in the air-cooled version. Industries can also recover heat loss from air-cooled booster compressors by using the energy to power preheating batteries or heat buildings. Significant utility savings through the deployment of this compressor type will thus augment the segmental expansion over the projected timeframe.

North America booster compressor market share is poised to amass considerable gains by 2028, as a result of the growing reliance on natural gas for heating and generating electricity. According to the EIA, the U.S. used nearly 30.5 trillion ft³ of natural gas in 2020, which will drive the need for booster air compressors in the natural gas industry. Additionally, the rapid shift away from coal and the escalating investment in clean energy to reach a net-zero footprint will further proliferate the regional industry outlook in the years ahead.

The competitive landscape of the booster compressor market comprises companies such as Maximator, SAUER Compressors, Baker Hughes Company (formerly BHGE), Atlas Copco, Bauer Kompressoren, Kaeser Kompressoren, Gardner Denver, Haskel (Ingersoll Rand), and Hitachi, among others. Strategic product launches, acquisitions, and mergers are some of the initiatives being undertaken by these firms to reinforce their presence across the competitive market. For instance, in April 2021, Kaeser unveiled a CNC line of booster compressors, designed to reduce installation difficulties, ensure better machine protection, and offer a smaller footprint.

COVID-19 to Impact Booster Compressor Market Trends:

The ongoing coronavirus pandemic has posed severe impacts on the oil and gas industry, due to the massive decline in government revenues, lower demand, and inflated stockpiles of petroleum and crude production. Such an environment has also influenced the oil and gas companies to reduce capital expenditures to support their balance sheets. However, the gradual revival of the oil and gas sector from the pandemic, alongside the urgent requirement for access to medical-grade oxygen for COVID-19-infected patients, may aid industry recovery. Given the ability of the product to be used in pressure swing adsorption (PSA) oxygen plants to boost output for hospital consumption, the need for oxygen booster compressors is expected to surge over the foreseeable future.

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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