Booster Compressor Market Size, Regional Outlook, Growth Potential, Industry Analysis Report, Competitive Market Share & Forecast, 2024 – 2032

Booster Compressor Market Size, Regional Outlook, Growth Potential, Industry Analysis Report, Competitive Market Share & Forecast, 2024 – 2032

Booster Compressor Market Size

Booster Compressor Market is poised to expand substantially from 2024 to 2032 owing to the increasing use of compressed air pressure boosters in engine starter systems, PET bottle production, and actuated braking systems.

With industries striving to optimize their operations while reducing energy consumption, the adoption of booster compressors equipped with advanced technologies such as variable speed drives and intelligent control systems is witnessing a notable surge. Moreover, stringent environmental regulations mandating the use of eco-friendly equipment are further bolstering market growth, as manufacturers focus on developing sustainable compressor solutions to align with regulatory standards.

Booster Compressor Market Trends

According to a report by IEA in 2023, Over 10 million electric cars, including both BEVs and PHEVs, were sold in 2021. The paradigm shifts toward electric vehicles (EVs) amidst the ongoing efforts to curb automotive emissions will have a positive impact on the booster compressor industry. The production of electric vehicle batteries requires precise compression processes to ensure optimal battery performance and longevity. Booster compressors provides the necessary air pressure for battery cell assembly, electrode coating, and electrolyte filling, among other manufacturing steps. As the demand for electric vehicle batteries continues to rise, so will the need for reliable and efficient compression solutions.

Booster Compressor Market Analysis

The single-stage compression stage segment is set to grow robustly till 2032, as they are widely utilized across various industries for applications requiring moderate pressure boosts. The simplicity of design, ease of maintenance, and cost-effectiveness make single-stage compressors a preferred choice for numerous industrial applications, including pneumatic tools, spray painting, and HVAC systems. Additionally, advancements in compressor technology, such as the integration of variable frequency drives and intelligent control algorithms, are further enhancing the performance and efficiency of single-stage compression units, driving their adoption across diverse industrial sectors.

The air-cooling type segment is projected to record sizeable growth through 2032 owing to the increasing availability of advanced compressor packages in the air-cooled version. Air-cooled boosters are gaining significant momentum as they boast of abilities to help industrial units recover heat losses by supplying the energy to charge heat buildings, or preheating batteries. High utility-saving associated with the deployment of these systems will also propel the industry trends.

North America booster compressor market is estimated to witness significant expansion from 2024 to 2032 led by the growing demand for space heating, water heating, and electricity produced from natural gas. The U.S. EIA (Energy Information Administration) expected that the country’s natural gas consumption would increase by 1% reaching 84.1 (Bcf/d) in 2022. The extremely cold weather conditions in the U.S. and Canada are also accelerating the demand for highly efficient space heating solutions. Moreover, the increasing inclination towards clean energy systems and the introduction of ambitious net-zero emission targets will further accelerate the adoption of booster compressors in the region.

Booster Compressor Market Share

Some of the major participants operating in the booster compressor industry are Haskel (Ingersoll Rand), Maximator, Baker Hughes Company (formerly BHGE), SAUER Compressors, Atlas Copco, Kaeser Kompressoren, Bauer Kompressoren, Gardner Denver, and Hitachi. These firms are focusing on new product developments to launch advanced portfolios to attain competitive edges.

Booster Compressor Industry News

• In April 2021, Kaeser introduced a CNC line of booster compressors that help to reduce installation difficulties, ensure smaller footprint, and enhance better machine protection.  While in 2022, the company unveiled the DN 37 C XL booster, the latest addition to its high-performance and energy efficient DN C series of boosters.

What Information does this report contain?

Historical data coverage 2018 to 2023; Growth Projections 2024 to 2032.

Expert analysis industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.

6-7 year performance forecasts major segments covering applications, top products and geographies.

Competitive landscape reporting market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.