Industry Background:
Rapid growing industrialization will help to boost global booster compressor market. Booster Compressor is used to delivers high-pressure air, saving about 35% power, compared to conventional high-pressure compressors. Growing investment in oil & gas industry, expansion in the manufacturing industry and increasing usage of Multi-Stage Compressor. These are key driving factors of the global booster compressor market.
According to AMA, the market for Booster Compressor is expected to register a CAGR of 5.8% during the forecast period to 2026. This growth is primarily driven by High Demand Due To Lower Cost and Modular Design of Booster Compressor and Growing Demand in Various End-User Industry Segments.
Globally, a noticeable market trend is evident Industrialization in Emerging Economies
. The Industrial Machinery sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Atlas Copco (Sweden), Ingersoll Rand (Republic of Ireland), Kaeser Kompressoren (Germany), SAUER Compressor (Germany), BAUER Kompressoren (Germany), Hitachi (Japan), Ingersoll Rand (Ireland), Gardner Denver (United States), BHGE (United Kingdom) and Idex Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 4th September 2018, Atlas Copco has expands its compressed air and nitrogen product ranges with innovative products. New low-pressure blower ranges include ZB and ZM centrifugal products, ZS rotary screw blowers and ZL lobe blowers.
Market Drivers
- High Demand Due To Lower Cost and Modular Design of Booster Compressor
- Growing Demand in Various End-User Industry Segments
Market Trend
- Industrialization in Emerging Economies
- High Demand Due To Use in the Upstream Market Such As Nitrogen Production
Restraints
- High Maintenance Cost
- Availability of Alternative Equipment Such As Standalone High-Pressure Compressor
Opportunities
Rising Investment in Oil & Gas Industry and Technical Advancement in Cooling Technology
Challenges
Adherence to Stringent Quality Standards
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Booster Compressor Study Sheds Light on
The Booster Compressor Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Booster Compressor industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Booster Compressor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.