Global Booster Compressor Market to Reach USD 5.6 Billion by 2033, Impelled by Significant Growth in Oil and Gas Industry

December 20, 2024 | Energy & Mining

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According to the latest report by IMARC Group, titled “Booster Compressor Market Report by Cooling Type (Air, Water), Compression Stage (Single Stage, Double Stage, Multistage), Power Source (Electric, Combustion Engine), End User (Oil and Gas, Manufacturing, Industrial Testing, Construction, and Others), and Region 2025-2033," the global booster compressor market reached a value of USD 3.8 Billion in 2024. A booster compressor is an equipment used to increase or amplify the pressure of an existing system. It can multiply air from the low-pressure compressor to yield compressed air at higher pressures. It consists of a valve cylinder head, discharge tank and provides water-based and air-based cooling. The booster compressor offers high-pressure production ability, safety, reliability, continuous high-pressure operation, efficiency, productivity, versatility, transportability, and profitability. As a result, it is widely used for testing pipeline pressures, producing polyethylene terephthalate (PET) bottles, increasing the volume and pressure of water in showerheads and faucets, optimizing engine starter systems and high-pressure tires, and enhancing torque in small air tools.

Global Booster Compressor Market Trends:

The significant growth in the oil and gas industry across the globe is one of the key factors driving the market growth. Booster compressors are widely used in hydrocarbon blanketing, nitrogen generation, drilling activity, and compression stations. In line with this, the widespread product adoption to supply continuous gas to turbines and compressor stations to maintain the gas pressure during transit is favoring the market growth. Apart from this, the integration of the Internet of Things (IoT) and artificial intelligence (AI) for remote monitoring, providing alerts for an unscheduled oil change and preventive maintenance (PM), and analyzing performance is providing a thrust to the market growth. Additionally, the introduction of booster compressors with higher discharge pressure, capacity, efficiency, and operational characteristics is acting as another growth-inducing factor. Besides this, the rising need for air cooling, extensive research and development (R&D) activities, and increasing demand for electric vehicles (EVs) are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach USD 5.6 Billion by 2033, exhibiting a CAGR of 4.19% during 2025-2033.

Market Summary:

On the basis of the cooling type, the market has been bifurcated into air and water.
Based on the compression stage, the market has been divided into single, double, and multistage.
On the basis of the power source, the market has been classified into electric and combustion engine.
Based on the end user, the market has been divided into oil and gas, manufacturing, industrial testing, construction, and others.
On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and Others) Latin America (Brazil, Mexico and Others), and Middle East and Africa.
The competitive landscape of the industry has also been examined, with some of the key players being Atlas Copco AB, BAUER COMP Holding GmbH, Bauer Compressors Inc., BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, Gas Compression Systems Inc., Generon, Hitachi Ltd., IDEX Corporation, Ingersoll Rand Inc., Kaeser Kompressoren SE, Sauer Compressors USA Inc. and TGT Fuel Technologies Pvt. Ltd.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Cooling Type, Compression Stage, Power Source, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Atlas Copco AB, BAUER COMP Holding GmbH, Bauer Compressors Inc., BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, Gas Compression Systems Inc., Generon, Hitachi Ltd., IDEX Corporation, Ingersoll Rand Inc., Kaeser Kompressoren SE, Sauer Compressors USA Inc. and TGT Fuel Technologies Pvt. Ltd.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Booster Compressor Market to Reach USD 5.6 Billion by 2033, Impelled by Significant Growth in Oil and Gas Industry

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