Market Size of Asia-Pacific Booster Compressor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.13 Billion |
| Market Size (2029) | USD 1.45 Billion |
| CAGR (2024 - 2029) | 5.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Booster Compressor Market Analysis
The Asia-Pacific Booster Compressor Market size in terms of assets under management value is expected to grow from USD 1.13 billion in 2024 to USD 1.45 billion by 2029, at a CAGR of 5.20% during the forecast period (2024-2029).
- Over the medium term, various factors, such as the growth in industrial projects across the region and the escalating natural gas demand for various applications, are driving the growth of the booster compressor market.
- On the other hand, since the technology involves high installation costs, the use of existing compression systems to avoid the high expenditure on new installations could constrain market growth.
- Nevertheless, there is a rapid transition from coal to gas power stations, as well as a rise in the use of gas in motor vehicles, which is expected to provide lucrative growth opportunities for key players to maintain their position in the market in the coming years.
- China is expected to dominate the market during the forecast period due to the increase in energy consumption.
Asia-Pacific Booster Compressor Industry Segmentation
Booster compressors are used to increase or amplify air pressures generated by existing compression systems by passing them through additional compression stages. An air compressor that is a booster can increase existing air pressure between 80 - 150 PSI to as much as 2,000 PSI. In industrial plants, obtaining higher process gas pressures through compressed air flow boosters is a cost-effective method of achieving that pressure.
The Asia-Pacific booster compressor market is segmented by cooling type, end user, and geography. By cooling type, the market is segmented into air-cooled and water-cooled. By end user, the market is segmented into oil and gas, chemical, power generation, and other end users. The report also covers the market sizes and forecasts across various countries in the region. For each segment, the market size and forecasts have been done based on value (USD).
| Cooling Type | |
| Air-cooled | |
| Water-cooled |
| End User | |
| Oil and Gas | |
| Chemical | |
| Power Generation | |
| Other End Users |
| Geography | |
| China | |
| India | |
| Indonesia | |
| Malaysia | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
Asia-Pacific Booster Compressor Market Size Summary
The Asia-Pacific booster compressor market is poised for significant growth over the forecast period, driven by increasing industrial projects and rising demand for natural gas across various applications. The transition from coal to gas power stations and the growing use of gas in motor vehicles are expected to create lucrative opportunities for market players. However, high installation costs and the preference for existing compression systems may pose challenges to market expansion. China is anticipated to lead the market due to its escalating energy consumption and extensive natural gas infrastructure developments, including new gas transmission pipelines to meet growing demand.
Booster compressors play a crucial role in the oil and gas value chain, with substantial deployment in midstream gas pipeline transit systems. The region's shift towards natural gas for energy needs is enhancing the growth of gas transmission networks. Countries like Australia and Malaysia are expanding their pipeline infrastructures to support domestic and export demands. In China, the government's push for cleaner power generation and the construction of new gas power plants are further propelling market growth. The market is characterized by fragmentation, with key players such as IDEX India Private Ltd, Hitachi Ltd, and Atlas Copco Ltd actively participating in the region's development.
Asia-Pacific Booster Compressor Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2029
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.1.1 Growth in Industrial Projects
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1.5.1.2 Escalating Natural Gas Demand for Various Applications
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1.5.2 Restraints
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1.5.2.1 High Installation Costs
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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1.8 Investment Analysis
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2. MARKET SEGMENTATION
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2.1 Cooling Type
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2.1.1 Air-cooled
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2.1.2 Water-cooled
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2.2 End User
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2.2.1 Oil and Gas
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2.2.2 Chemical
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2.2.3 Power Generation
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2.2.4 Other End Users
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Indonesia
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2.3.4 Malaysia
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2.3.5 Thailand
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2.3.6 Vietnam
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2.3.7 Rest of Asia-Pacific
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Asia-Pacific Booster Compressor Market Size FAQs
How big is the Asia-Pacific Booster Compressor Market?
The Asia-Pacific Booster Compressor Market size is expected to reach USD 1.13 billion in 2024 and grow at a CAGR of 5.20% to reach USD 1.45 billion by 2029.
What is the current Asia-Pacific Booster Compressor Market size?
In 2024, the Asia-Pacific Booster Compressor Market size is expected to reach USD 1.13 billion.
