Market Dynamics
Introduction
The booster compressor is defined as a high-pressure air or gas compressor designed to raise the pressure of the air or gas from a starting point to a higher pressure. They are widely used in the oil & gas, manufacturing, power generation, aerospace, and chemical sectors where high pressure is required for their operations. There are several different types of booster compressors (electric, combustion engine, water- or air-cooled), and they are essential for applications such as gas transmission, pressure testing, and PET bottle manufacturing.
Market Driver
One of the primary market drivers is the growing demand for high-pressure applications in the oil & gas sector for applications like natural gas boosting and pipeline compression. As industrialization expands in emerging economies, the need for strong and efficient booster compressor systems is also increasing due to rising investments in manufacturing and energy infrastructure.
Recent Market JVs and Acquisitions:
A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:
- In February 2023, Atlas Copco AB completed the acquisition of DF Pumps, a move aimed at strengthening its offering of high-pressure compressor systems for industrial and energy sectors.
- In July 2022, Ingersoll Rand entered a joint venture with Tuthill Corporation, enhancing its position in vacuum and compressed air solutions globally.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Segments with High-Growth Opportunity
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Compression Stage-Type Analysis
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Double-Stage Compressors and Multi-Stage Compressors
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Double-stage compressors are expected to remain the dominant compression stage type in the coming years.
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Cooling-Type Analysis
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Water-Cooled Compressors and Air-Cooled Compressors
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Water-Cooled Compressors hold the largest share of the market due to superior heat management in heavy-duty applications.
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Power Source-Type Analysis
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Combustion Engine Compressors and Electric Engine Compressors
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Combustion Engine Compressors are anticipated to dominate operations throughout the forecast period.
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End User-Type Analysis
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Oil & Gas and Manufacturing
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The Oil & Gas industry is expected to maintain its dominance in the booster compressors market.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is expected to maintain its reign over the forecast period.
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By Compression Stage Type
“Double-stage compressors are expected to remain the dominant compression stage type in the coming years.”
Double-stage compressors are the undisputed king because they provide the best pressure increase to energy consumption ratio. They are used in many industries, such as oil & gas and manufacturing, where moderate to high pressure boosting is needed and lower cost and complexity are desired.
Multi-stage compressors are usually seen in specialized applications that require extremely high pressures or precisely controlled pressures, such as chemical processing and advanced manufacturing. They are becoming more widely used over time, but the ultimate cost of capital and maintenance continues to limit their total market share relative to the double-stage.
By Cooling Type
“Water-Cooled Compressors hold the largest share of the market in the forecasted period.”
Water-cooled compressors are favored for heavy-duty and continuous operating conditions because they offer better heat extraction capabilities, allowing them to stay cool, perform well, and be expected to last longer. They are usually selected in oil and gas processing facilities and industrial plants that can have cooling water provided.
Air-cooled compressors find their place in smaller or portable applications where water is unavailable or where there are environmental restrictions. Demand for air-cooled systems is increasing, especially in areas where water is scarce; The market share of air-cooled systems is still smaller than that of the water-cooled type.
By Power Source Type
“Combustion engine compressors are anticipated to dominate the market in the forecasted period.”
Combustion engine compressors continue to dominate in remote or offshore settings where there may be poor or no access to electric power, such as on an oil rig or a mining facility. Their ruggedness and power make them indispensable when working in these types of conditions.
Electric engine compressors are rapidly gaining traction because of the electrification of industry and sustainability goals. Electric compressors can be used more often in urban and onshore industrial facilities where strict emission and noise regulations are present, and they can be easily wired for control and automation.
By End User Type
“The Oil & Gas industry is expected to maintain its dominance as the larger end-user industry for booster compressors.”
The oil & gas industry is expected to be the bigger end-user’s category of booster compressors as they are utilized for compression of gas across various applications, pipeline pressure maintenance, and it complements operations in refineries, in addition to the significant infrastructure higher pressures and investments being made, there is a steady and reliable demand from the oil & gas for booster compressors.
Manufacturing is the second largest market, particularly the automotive, food & beverage, and chemicals industries, where compressed air and gas streams are essential for better efficiency, process reliability, and product quality. The manufacturing sector produces significantly lower volumes of booster compressors than oil & gas, but because of increased automation and energy efficiency, the manufacturing market is seeing steady growth.
Regional Analysis
“North America is expected to remain the largest market for booster compressors during the forecast period.”
North America is a dominant regional market as a result of its mature oil & gas industry, diverse industrial base, and advanced technology adoption. The region is expected to grow as the oil and gas industry invests in upgrading aging infrastructure along with regulatory modernization.
The Asia-Pacific region is growing the fastest due to rapid industrialization, energy demand, and infrastructure projects in countries like China, India, & Southeast Asia. The availability of low-cost manufacturing & increasing oil & gas exploration continue to drive the regional market expansion.
Key Players
The market is moderately concentrated, with over 100 players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. The following are the key players in the booster compressor market.
Here is the list of the Top Players (Based on Dominance)
- Atlas Copco AB
- Baker Hughes (General Electric)
- BAUER COMP Holding GmbH
- Boge Kompressoren
- Corken Inc.
- Gardner Denver Inc.
- Hitachi Ltd.
- Ingersoll Rand PLC
- Kaeser Kompressoren
- Sauer Compressors USA Inc.
Note: The above list does not necessarily include all the top players in the market.
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