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Booster Compressor Market Industry Analysis Research and Trends Report For 2019-2025

Author : Rahul Sankrityayan | Published Date : 2019-09-09 

The booster compressor market is set to grow on account of increasing investments in oil & gas exploration and rapid industrialization across emerging economies. Key factors including innovative designs and low installation cost will enhance the industry outlook. In addition, it further saves power and provides high-pressure air in comparison with other conventional products.

Growing demand for the gas owing to the stringent emission norms and rising environmental concerns will fuel the booster compressor market growth. Increase in the development of gas distribution lines coupled with the establishment of the booster stations will augment the business landscape.

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The booster compressor market is anticipated to grow on account of rising petrol & diesel prices along with augmenting demand for other fuels including liquified petroleum gas and compressed natural gas which are more economically and technologically feasible. ongoing research and development efforts in the automotive industries to enhance the efficiency of gas operated engines will further enhance the business outlook.

Ongoing construction of LNG terminals across the globe will provide substantial growth prospects for the booster compressor market. Increasing capital expenditure toward the development of existing and upcoming projects will further complement the business landscape.

Increasing efforts in the shale development across primarily across the U.S. and China will propel the booster compressor market growth. Availability of substitute products including standalone high-pressure compressors can act as a barrier in growth. Booster compressors are used in different applications in various industries including gas boosting, air boosting, air separation, and compression of gases for transportation and storage.

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The Asia Pacific will witness the substantial growth across the booster compressor market owing to the reduction in the imports and diversification of the energy basket. A paradigm shift toward cleaner fuels along with the growing demand for natural gas across the industries will positively enhance the business outlook. In addition, Improvement in petrochemical infrastructure on account of surge in refinery capacity and technological advancement will further augment the industry landscape.

Major players operating across the booster compressor market include Ingersoll Rand, Hitachi, Haskel, Gardner Denver, Kaeser Kompressoren, Bauer Kompressoren, Atlas Copco, Idex Corporation, BHGE, SAUER Compressor, and Maximator.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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