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Booster Compressor Market by Cooling Type, Stage, Pressure Rating, End use Industry and Region - Global Forecast to 2023

Booster Compressor Market: Global Forecast until 2023

  • June 2018
  • 128 pages
  • ID: 5439207
In this report:
The ##-## bar segment accounted for ##.##% share of the global booster compressor market in 2017, and it is expected to grow at a CAGR of ##.##% during the forecast period.
According to the Canadian Association of Petroleum Producers, the drilling activity in Canada is expected to increase by ##% as compared to that in 2016, and the growth of its crude supply is estimated to increase from ##.## million barrels per day (b/d) in 2016 to ##.## million b/d by 2030.

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The booster compressor market is estimated to rise at a compound annual growth rate of ~4.5 percent from 2018 to 2023.

The booster compressor market is projected to be ~$1.9B in 2018 and is expected to grow at a compound annual growth rate (CAGR) of ~4.5 percent, to attain ~$2.4B in 2023. Factors driving the rise of the booster compressor market are increased investments in the oil & gas drilling activities and refining capacity addition. Booster compressors are required in the oil & gas drilling process and also for air separation in refineries. Therefore, increasing investments in oil & gas will create demand for booster compressors. The availability of alternative products including the standalone high-pressure compressor can act as a restraint for the booster compressor market.

The oil & gas segment is anticipated to be the quickest increasing end-user segment by 2023.

The oil & gas segment is the quickest increasing, during the estimate period.The factor driving the increase of booster compressors in the oil & gas market is the increasing investments in the upstream market.

Booster compressors are used in varied applications in the upstream market including nitrogen generation, hydrocarbon blanketing, and air separation. Therefore, the investments in the upstream activity create demand for booster compressors.

Asia-Pac is intended to be the largest industry for booster compressors during the outlook period.

Asia Pacific (APAC) is forecasted to be the biggest market for booster compressors during the projected period.The factor driving the rise of the booster compressor market is strong demand for oil & gas due to the quickly developing manufacturing sector.

The main economies in the region including China, India (IN), and Australia (AU) are investing heavily in oil & gas, primarily to reduce their imports.These countries are also undertaking projects for the development of the LNG pipelines.

These projects are developed in order to enhance their distribution network in the area.The LNG pipeline need compressor station, which use booster compressors to preserve the pressure of gas in transit.

Therefore, the increasing investments in oil & gas exploration will create demand for the booster compressor market.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1-10.0 percent, Tier 2 -20.0 percent, Tier 3-70.0 percent,

• By Description: C-Level-10%, Director Level-20%, Others-70%

• By Area: North America-40%, Europe-10%, Asia Pacific-50%

Note: Others includes sales managers, product managers, consultants, and design engineers.

The tier of the company has been defined on the basis of its total revenue, as of 2013: Tier 1 = > $1.0B, Tier 2 = From $1.0B to $500.0M, and Tier 3 = < $500.0M.

The main players in the booster compressor market contain Atlas Copco, Ingersoll Rand, Kaeser Kompressoren, SAUER Compressor, BHGE, Hitachi, Garner Denver, Maximator, BAUER Kompressoren. BOGE, Haskel, and Idex Corporation.

Segment Research

The market research defines, depicts, and forecasts the overall booster compressor market based on cooling type, compression stage, end-user, pressure, and area.It also provides a in-depth qualitative and quantitative analysis of the market.

The industry report offers a comprehensive review of the main market drivers, industry restraints, alternatives, opportunities, winning imperatives, and main issues. It also includes different important aspects of the market.

Why acquire this industry report?

1. The study determines and addresses main markets for booster compressors, which will help providers review the rise in the industry demand for the product.

2. The analysis benefits solution providers distinguish the pulse of the sector and offer business insights into drivers, market restraints, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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