As per Future Market Insights, the Air Pressure Booster System Market is anticipated to attain a value pool of USD 4 Billion by 2023-end. Global demand for air pressure booster systems is expected to rise at a CAGR of 5.7% to USD 7 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 4 billion |
| Projected Market Value in 2033 | USD 7 billion |
| Growth Rate (2023 to 2033) | 5.7% CAGR |
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Growing automation and industrialization: Automation and industrialization are major driving factors for the air pressure booster system market. As industries become more automated and sophisticated, the need for advanced pneumatic systems and components, including air pressure booster systems, increases.
Rapid growth in the manufacturing sector: The manufacturing sector is one of the major users of air pressure booster systems, as it requires high-pressure compressed air for various applications such as machining, cutting, drilling, and spraying. The growing demand for manufactured goods is driving the growth of the manufacturing sector, which, in turn, is boosting the air pressure booster system market.
Technological advancements: The air pressure booster system market is experiencing continuous technological advancements, which are aimed at improving the efficiency, reliability, and performance of these systems. The development of advanced materials and components, such as high-pressure valves and regulators, is driving the growth of the air pressure booster system market.
Increasing use in the food and beverage industry: The food and beverage industry requires compressed air for various applications, such as packaging, filling, and conveying. Air pressure booster systems are used to increase the pressure of compressed air, which is necessary for some of these applications. The growing demand for packaged and processed foods is expected to drive the growth of the air pressure booster system market in this industry.
Rising demand from the healthcare sector: The healthcare sector requires compressed air for various medical applications, such as ventilators, surgical instruments, and nebulizers. Air pressure booster systems are used to generate high-pressure air for these applications. The increasing demand for healthcare services and medical devices is expected to drive the growth of the air pressure booster system market in this sector.
Growing demand for renewable energy: The renewable energy sector is a significant user of compressed air systems, and air pressure booster systems play a crucial role in this industry. These systems are used to generate the high-pressure air required for wind turbines, hydroelectric power plants, and other renewable energy systems. The growing demand for renewable energy is expected to drive the growth of the air pressure booster system market in this sector.
Increasing adoption of Industry 4.0 technologies: Industry 4.0 technologies such as the Internet of Things (IoT) and automation are transforming the manufacturing industry. Air pressure booster systems are also being integrated with these technologies to provide real-time monitoring and control of the compressed air system. This trend is expected to continue, driving the growth of the air pressure booster system market.
Growing demand for customized solutions: Customers are increasingly looking for customized air pressure booster solutions that can meet their specific application requirements. This trend is driving manufacturers to offer a wide range of customized air pressure booster systems that cater to various applications and industries.
Increasing use of pneumatic systems in the automotive industry: The automotive industry is one of the significant users of pneumatic systems, and this trend is driving the growth of the air pressure booster system market. Air pressure booster systems are used in various automotive applications, such as braking, air suspension, and engine control systems.
Demand for Air Pressure Booster System will witness steady growth in short-term, with optimistic growth outlook in the long-run. Muted demand from construction industry will mean limited opportunities in near future, however, sales of miner equipment’s from infrastructure sector will provide momentum.
Growing demand from end use industries for dosing and filling processes will continue to drive demand for air pressure booster systems. Oil & gas and bottle manufacturing industry are the prominent end users which are expected primarily to offer lucrative avenue for the OEMs.
Air pressure booster system have excellent operational performance which exhibits high-capacity pressure system for safe and efficient performance in various application in end use industries.
Air pressure amplifying devices outperform traditional pressure amplifiers in terms of durability, reliability, high-pressure performance, and installation & maintenance costs. The air pressure amplifiers are designed to minimize wear, provide lower maintenance cost and extend service life.
These boosters provides the performance to keep your processes operating reliably at top efficiency even in extreme operating conditions. All of these benefits also come with a large weight reduction when compared to many other boosters, making for much easier installation and maintenance.
The above aspects can create a significant demand for air pressure booster system equipment to perform complex operations with advanced technology.
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Oil & Gas projects around the globe have been impacted by COVID-19-induced slowdown. This has also had a ripple effect on oil & gas industry allied sector projects. As the air pressure amplifier system manufacturers are likely to witness sustained opportunities in the future from end-use industries.
Air pressure booster system is also used extensively for complex operations in various industries. Although lockdown and shelter-at-home guidelines have meant restricted production activities, sales are likely to improve over the course of the assessment period.
China is one of the prominent markets for oil & gas and other manufacturing globally. The China market is set to tread on the historic pattern of bust and boom during the assessment period 2021 to 2031.
Demand is likely to remain significant in the next couple of years, as the end use industries make gradual recovery. Demand for pressure systems across end use industries in China will be led by oil & gas, bottle manufacturing, and other industries.
China will account for high demand for the manufacturing of air pressure amplifiers, as demand for equipment’s continues over the forecast period. Chain’s investment on oil and gas projects is likely to surge significantly over a period and beyond, and this will continue to benefit air pressure amplifiers manufacturing companies.
China air pressure amplifiers sales will also be impacted by the COVID-19 recovery in 2021. Equipment manufacturers faces a challenging year, however, there is growing optimism that low mortgage rates will lead to a spurt in early 2022.
The momentum is likely to hold ground, which will provide an impetus to a wide range of pressure amplifying systems.
North America is understood to hold a major share in the world oil & gas exploration and production operations. The said industry is expected to earn significant chunk of the equipment utilization for upstream, midstream and downstream process stages.
From manufacturing perspective, Automotive and bottle manufacturing companies are expected to drive demand for air booster systems. Despite the COVID-19 challenges, most North America countries have maintained a steady growth in production and exports in 2020. USA is the leading
regional market which is expected to continue creating opportunities from oil & gas and other manufacturing industries.
Some of the leading manufacturers and suppliers of Air Pressure Booster System include:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
| Market Estimated Size (2023) | USD 2,860.1 million |
|---|---|
| Market Forecasted Size (2033) | USD 5,732.3 million |
| Market CAGR (2023 to 2033) | 7.2% |
| Market Value (2023) | USD 5,809 million |
|---|---|
| Market Expected Value (2033) | USD 12,084.3 million |
| Market Projected CAGR (2023 to 2033) | 7.6% |
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