The Southeast Asia Booster Compressor Market size is valued at around USD 82 million in 2023 and is estimated to grow at a CAGR of around 5.63% during the forecast period, i.e., 2023-28.
Key Findings of the Study: Southeast Asia Booster Compressor Market
Southeast Asia Booster Compressor Keyword Market Trend Surging Adoption of Renewable Energy Resources
The increasing adoption of renewable energy resources such as hydrogen, offshore wind farm, air compression for energy storage, etc., are escalating the growth of booster compress in the region. The adoption of renewable technologies is owing to the rising environmental concern and governmental policies, to lower carbon emissions and mitigate climate change. Countries like Indonesia, Singapore, Vietnam, etc., and to are implementing several schemes and policies to promote the adoption of renewable energy resources. For instance, in 2022, the Japanese Industry Minister and Indonesian Energy Minister signed a memorandum of cooperation (MoC) at a bilateral meeting held in Jakarta on 10/01/2022.
The MoC is aimed at collaborating in the development & deployment of decarbonization technologies such as hydrogen, ammonia, and carbon capture utilization and storage (CCUS). These initiatives would lead to the mounted deployment of renewable energy resources in the region. As these sources expand, the demand for booster compressors in various renewable energy applications increases in the coming years. Booster compressors enable efficient energy storage, hydrogen production, offshore wind farm operations, and gas pipeline compression, support
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Scope of the Report and Southeast Asia Booster Compressor Market Segmentation
By Cooling Type
-Air Cooled
-Water Cooled
- water-cooled boosters are witnessing high demand and significantly contributing to the growth of the Southeast Asia Booster Compressor Market
By Compression Stage
-Single Stage
-Double Stage
-Multi Stage
By Pressure
-Upto 14 bar
-14-40 bar
-41-100 bar
-101-350 bar
-Above 350 bar
By End Users
-Mining
-Oil & Gas
-Automotive
-Chemical
-Power Generation
-Process Industries (Food & Beverage, Pharmaceutical, etc.)
-Others (Defence, Shipping, etc.)
Top leading companies in the Southeast Asia Booster Compressor Market includes:
Atlas Copco, NextEra Energy, BAUER Kompressoren, Kaeser Kompressoren, Hitachi, Saucer Compressor, Gardner Denver Nash, Boge Kompresoren, Haskel, Generon, and Ingersoll Rand PLC.
For more detailed information about the Southeast Asia Booster Compressor market report, click here – https://www.marknteladvisors.com/research-library/southeast-asia-booster-compressor-market.html
Geographical analysis:
Singapore
Indonesia
Malaysia
Thailand
Philippines
Rest of South East Asia
- Malaysia is expected to hold the major share of the Booster Compressor Market during 2023-28.
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