Product Code: ETC4529065 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India booster compressor market import shipment demonstrated a robust growth trend with a CAGR of 24.7% from 2020 to 2024. The market accelerated significantly between 2023 and 2024, exhibiting a growth rate of 44.5%. Overall, the market expanded exponentially, showing strong momentum and a positive growth trajectory during the period analyzed.
Booster compressors play a key role in various industrial processes, especially in the oil and gas sector. The market in India is dependent on the expansion and modernization of these industries, as booster compressors are essential for maintaining pressure and flow rates.
The booster compressor market in India is thriving due to the growth of industries such as oil and gas, manufacturing, and mining. These compressors are used to increase the pressure of gases, making them essential for various processes. Energy efficiency, increased demand for industrial gases, and infrastructure development are key drivers of this market.
The booster compressor market in India faces several challenges. One significant issue is the need for efficient and reliable compression solutions, especially in industries such as oil and gas, petrochemicals, and manufacturing. The demand for high-performance booster compressors requires manufacturers to develop and maintain consistent quality. However, the lack of standardized regulations and quality certifications can lead to variations in product quality, making it challenging for customers to select the right booster compressor. The India market is price-sensitive, and competition from domestic and international manufacturers can exert pressure on pricing, affecting profitability. Ensuring the reliability and safety of booster compressors is crucial, as their failures can lead to operational disruptions and safety hazards in critical processes. Furthermore, the industry must adapt to changes in energy consumption patterns and industry requirements, necessitating continuous innovation in booster compressor technology.
The pandemic caused a slowdown in the India booster compressor market, as industries reduced their production and energy consumption. However, with the gradual recovery of industrial activities and the focus on energy efficiency, the demand for booster compressors is expected to pick up, particularly in applications requiring high-pressure air or gas.
Major entities in the Booster Compressor market in India consist of Atlas Copco, Ingersoll Rand, Kaeser Kompressoren, and Gardner Denver.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Booster Compressor Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Booster Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 India Booster Compressor Market - Industry Life Cycle |
3.4 India Booster Compressor Market - Porter's Five Forces |
3.5 India Booster Compressor Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.6 India Booster Compressor Market Revenues & Volume Share, By Stage, 2021 & 2031F |
3.7 India Booster Compressor Market Revenues & Volume Share, By Pressure Rating, 2021 & 2031F |
4 India Booster Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization in India leading to higher demand for booster compressors. |
4.2.2 Growing focus on energy efficiency and sustainability driving the adoption of advanced booster compressor technologies. |
4.2.3 Government initiatives and investments in infrastructure projects boosting the demand for booster compressors in sectors like construction and manufacturing. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of booster compressors. |
4.3.2 Intense market competition leading to price wars and margin pressures for booster compressor manufacturers. |
4.3.3 Economic uncertainties affecting the investment decisions of industries, impacting the demand for booster compressors. |
5 India Booster Compressor Market Trends |
6 India Booster Compressor Market, By Types |
6.1 India Booster Compressor Market, By Cooling Type |
6.1.1 Overview and Analysis |
6.1.2 India Booster Compressor Market Revenues & Volume, By Cooling Type, 2021-2031F |
6.1.3 India Booster Compressor Market Revenues & Volume, By Air, 2021-2031F |
6.1.4 India Booster Compressor Market Revenues & Volume, By Water, 2021-2031F |
6.2 India Booster Compressor Market, By Stage |
6.2.1 Overview and Analysis |
6.2.2 India Booster Compressor Market Revenues & Volume, By Single, 2021-2031F |
6.2.3 India Booster Compressor Market Revenues & Volume, By Double, 2021-2031F |
6.2.4 India Booster Compressor Market Revenues & Volume, By Multi, 2021-2031F |
6.3 India Booster Compressor Market, By Pressure Rating |
6.3.1 Overview and Analysis |
6.3.2 India Booster Compressor Market Revenues & Volume, By 14-40 bar, 2021-2031F |
6.3.3 India Booster Compressor Market Revenues & Volume, By 41-100, 2021-2031F |
6.3.4 India Booster Compressor Market Revenues & Volume, By 101-350, 2021-2031F |
6.3.5 India Booster Compressor Market Revenues & Volume, By >350, 2021-2031F |
7 India Booster Compressor Market Import-Export Trade Statistics |
7.1 India Booster Compressor Market Export to Major Countries |
7.2 India Booster Compressor Market Imports from Major Countries |
8 India Booster Compressor Market Key Performance Indicators |
8.1 Energy efficiency improvements achieved by the use of booster compressors. |
8.2 Adoption rate of advanced technologies in booster compressors. |
8.3 Utilization rate of existing booster compressor capacity in industries. |
8.4 Maintenance and downtime reduction metrics for booster compressors. |
8.5 Customer satisfaction and feedback on the performance and reliability of booster compressors. |
9 India Booster Compressor Market - Opportunity Assessment |
9.1 India Booster Compressor Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.2 India Booster Compressor Market Opportunity Assessment, By Stage, 2021 & 2031F |
9.3 India Booster Compressor Market Opportunity Assessment, By Pressure Rating, 2021 & 2031F |
10 India Booster Compressor Market - Competitive Landscape |
10.1 India Booster Compressor Market Revenue Share, By Companies, 2024 |
10.2 India Booster Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |