Booster Compressor Market by Value, by Region, by
Segment, and Key Players 2017-2023
The report "Booster Compressor Market by Cooling Type (Air, Water), Stage (Single, Double,
Multi), Pressure Rating (14-40 bar, 41-100, 101-350, >350), End use Industry (oil & gas,
process, chemicals, power) and Region - Global Forecast to 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 36 Figures spread through 127 Pages and in-depth TOC
on "Booster Compressor Market by Cooling Type (Air, Water), Stage (Single, Double,
Multi), Pressure Rating (14-40 bar, 41-100, 101-350, >350), End use Industry (oil & gas,
process, chemicals, power) and Region - Global Forecast to 2023 "
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The oil & gas segment is expected to hold the largest share of the booster compressor
market, by end-user, during the forecast period
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.
Air-cooled segment is expected to be the fastest growing cooling type market
The air-cooled segment is expected to be the fastest growing cooling type market during the
forecast period. The market for air-cooled booster compressors is primarily driven by the
technical advancements in the cooling technology. The new air-cooled booster compressors are
available in forced ventilation package. Due to the forced ventilation system, the energy loss