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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).