from the motor is less, which increases the efficiency of the compressor even at high pressure. The air-cooled booster compressor is more cost-effective than the water-cooled booster compressor. These factors are driving the growth of the air-cooled booster compressor market, during forecasted period.
Asia Pacific: The leading market for booster compressors
Asia Pacific is projected to be the largest market for booster compressors during the forecast period. The major economies in the region such as China, India, and Australia are investing in the oil & gas industry in order to reduce their imports and meet their growing demand for oil & gas. The rising demand for oil & gas is attributed to the rapid industrialization in the region. The demand for natural gas in the region is increasing as countries such as China are diversifying their energy mix and moving toward natural gas to be used as a source for power generation. In addition, the petrochemical market in the region is rising driven by the growing oil & gas investments in the region. Booster compressors are used for different applications in this industry such as drilling activities in the oil & gas industry and air separation in the petrochemical industry. The growing investments in this industry is driving the booster compressor market in the region.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the booster compressor market. These players include Atlas Copco( Sweden), Ingersoll Rand( Republic of Ireland), Kaeser Kompressoren( Germany), SAUER Compressor( Germany) and BAUER Kompressoren( Germany). The leading players are trying to make inroads in the market in the developed economies and are adopting various strategies to increase their market shares.
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