Volt/VAr Management Market Size, Share, Analysis, Regional Outlook and Forecast 2019-2024

The global volt/VAr management market is estimated to be worth USD 427 million in 2019 and is projected to reach USD 568 million by 2024, growing at a CAGR of 5.9%, during the forecast period. The market is set to grow due to a focus on the reduction of electricity losses in power distribution, a need to optimize power factor, and rising electricity demand.

The distribution segment is expected to hold the largest share of the volt/VAr management market, by application, during the forecast period.

The distribution segment is driven by investments in smart grids and a need to reduce power outages and faults in distribution feeders. Upcoming plans for upgrading the existing infra and new T&D projects in economies such as the US, China, India, the UK, France, Spain, Norway, Denmark, Belgium, and Ireland are expected to boost the volt/VAr management market growth during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8948284

The hardware segment is expected to dominate the volt/VAr management market, by component, in 2018.

Based on the component, the hardware segment is expected to grow at the fastest rate from 2019 to 2024 due to a need to reduce system-wide losses and minimize the distribution system & customer voltage variations. The increasing number of substation automation projects will drive the market during the forecast period.

North America is expected to be the leading market for volt/VAr management during the forecast period.

The volt/VAr management market has been analyzed for five regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The North American market is expected to lead the volt/VAr management market during the forecast period. Increasing investments in renewable energy and volt/VAr optimization projects in the utility sector are the key factors driving the volt/VAr management market in North America.

Ask FREE Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=8948284

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the volt/VAr management market. Some of the key players in the volt/VAr management market include ABB (Switzerland), Schneider Electric (France), Siemens (Germany), GE (US), Eaton (Ireland), Open System International (US), Utilidata (US), Varentec (US), and Landis+Gyr (Switzerland). The leading players are adopting various strategies to increase their shares in volt/VAr management market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Coiled Tubing Market Latest Trends, Development, Growth Analysis And Forecast by 2025

 The global coiled tubing market size is projected to reach USD 4.0 billion by 2025 from an estimated USD 3.0 billion in 2020, at a post COVID-19 CAGR of 5.8% during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells. Furthermore, the global coiled tubing industry is driven by the upsurge in the oil & gas production by countries owing to rising demand from the Asia Pacific.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=804

North America is estimated to be the fastest-growing market for coiled tubing during the forecast period. The region has been segmented, by country, into the US and Canada. The increasing shale oil & gas production in the North America region is driving the coiled tubing market. According to the BP statistical report for June 2019, the US is the top producer of oil, producing 15.3 billion barrels of oil, in 2018. Moreover, the country has been experiencing huge investments from upstream operators to increase the production from the depleting fields in Texas, Permian Basin, and the Gulf of Mexico, along with new drilling activities in ultra-deepwater locations in the Gulf of Mexico, which is likely to drive the North American coiled tubing market.

The coiled tubing market, by service, is segmented into well intervention service, drilling service, and others. Others include minor services such as fishing, fracturing, wireline logging, and inspection. Well Intervention services is the fastest growing market by region and are also observed as new revenue pockets. These services are further sub-segmented as well cleaning & pumping operations and well completions & mechanical operations. The challenges faced by oilfield operators during the well completion and production phase include the accumulation of hard scale, water shutoff, and formation damage. Coiled tubing helps in addressing these challenges through descaling operations, reperforation, and zonal isolation.

Ask FREE Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=804

The coiled tubing market, by application, is categorized into onshore and offshore. The African offshore segment is expected to provide many opportunities for the coiled tubing market in the future, owing to huge drilling activities in offshore Angola and Mozambique gas production activities. The activities in offshore oilfield environments are comparatively more complex than onshore oil & gas fields thus, there is an increasing demand for digitization in offshore oil & gas fields. Furthermore, the investments to revive the mature onshore fields are expected to offer lucrative opportunities for the coiled tubing manufacturers during the forecast period.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newlsetter@marketsandmarkets.com

​

Coiled Tubing Market

Distribution Automation Market Development Opportunities Accelerate in 2025

The distribution automation market size is expected to grow from an estimated value of USD 12.4 billion in 2020 to USD 17.7 billion by 2025, at a CAGR of 7.4% from 2020 to 2025. The need for improved grid reliability and operating efficiency and increasing investments to upgrade aging grid infrastructure are expected to drive the growth of the distribution automation market during the forecast period.

Asia Pacific is estimated to be the largest market for distribution automation during the forecast period. The growth of this region is attributed to increasing investments in grid modernization to enhance efficiency. To meet the growing energy demand, the region is also increasingly focused on renewable energy integration.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=65029172

The distribution automation market has been segmented based on component into field devices, software, and services. The field devices segment is expected to be the largest market during the forecast period. This segment’s growth can be attributed to increasing investments to modernize the electric grid, improve interoperability, and collect real-time data.

Based on communication technology, the market has been segmented to wireless and wired. The wireless segment is expected to witness a higher CAGR than the wired segment during the forecast period. Wireless communication technology offers easy accessibility. It also ensures cost savings and provides secure data transmission, which acts as significant driving factors for the segment’s growth.

This research report categorizes the distribution automation market by component, communication technology, utility, and region

By Component:

• Field Devices
  • Remote Fault Indicators
  • Smart Relays
  • Automated Feeder Switches/Reclosers
  • Automated Capacitors
  •  Automated Voltage Regulators
  • Automated Feeder Monitors
  • Transformer Monitors
  • Remote Terminal Units
• Software
• Services

By Communication Technology:

• Wireless
  • Radio Frequency Mesh
  • Cellular Networks
  •  WiMAX
• Wired
  • Fiber Optic
  • Ethernet
  • Powerline Carrier
  • IP

By Utility:

• Public
• Private

By Region:

• North America
• South America
• Europe
• Asia Pacific
• Middle East & Africa

Based on utility, the market has been segmented into public and private. The public segment is estimated to lead the market from 2020 to 2025. The growth of this segment is driven by the increasing number of publicly owned electric utilities across all regions. Public utilities are generally owned by local, regional, or national government bodies, which either operate through their own generation facilities or purchase power through contracts.

Ask FREE Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=65029172

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of top players in the distribution automation market. Some of the major market players include ABB (Switzerland), Eaton (Ireland), GE (US), Schneider Electric (France), and Siemens (Germany). These leading market players adopt various growth strategies to increase their share and presence in the distribution automation market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Global Well Intervention Market Report 2020: Market is Projected to Grow from $7.1 billion in 2020 to $8.8 billion by 2025

The global well intervention market is projected to reach USD 8.8 billion by 2025 from an estimated USD 7.1 billion in 2020, at a post COVID-19 CAGR of 4.5 % during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells. Furthermore, the global well intervention market is driven by the upsurge in the oil & gas production by countries owing to rising demand from the Asia-Pacific.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1099

The well intervention market has promising growth potential due to the continuous  shale developments. It is difficult to extract oil & gas  from shale reservoirs due to which shale reservoirs require more intervention processes to optimize oil production. According to the IEA, the shale production from the US alone is expected to cross 100 million barrels per day. Shale development in other countries such as China and Argentina are also likely to boost the well production activities in these countries, which is likely to drive the well intervention market in North America, Latin America, and Asia Pacific.

The well intervention market, by service type, is segmented into logging & bottomhole survey, tubing & packer failure, stimulation, remedial cementing, zonal isolation, sand control, artificial lift, fishing, and reperforation. Sand control services are observed to be new revenue pockets for the oil field service providers owing to the drilling of shale reservoirs and oil sand formations. The services help in reducing the operational expenditure that is involved with the removal of sand. The need to enhance production from mature reservoirs are expected to drive the market for this segment during the forecast period.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1099

The report segments the well intervention market, by well type, into horizontal and vertical. The horizontal segment of the well intervention market is expected to grow at the highest CAGR during the forecast period, as horizontal drilling is observed as a more efficient method of drilling. The horizontal wells account for about 70% of the total drilled wells. Furthermore, the offshore and shale developments have boosted the horizontal well type to be the largest and the fastest growing segment of the global well intervention market.

The well intervention market, by application, is categorized into onshore and offshore. The African offshore segment is expected to provide many opportunities for well intervention market in the future, owing to huge drilling activities in offshore Angola, and Mozambique gas production activities. The offshore segment is further segmented based on the well depth as shallow, deepwater, and ultra-deepwater. The ultra-deepwater segment is expected to be the promising segment for well intervention providers. Growth is driven majorly by the increasing ultra-deepwater drilling and production activities and an increase in the number of maturing subsea wells. Furthermore, the investments to revive the mature onshore fields are expected to offer lucrative opportunities for the well intervention manufacturers during the forecast period.

Ask FREE Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1099

North America is estimated to be the fastest growing market for well intervention during the forecast period. The region has been segmented, by country, into US and Canada. The increasing shale oil & gas production in the North America region is driving the well intervention market in this region. According to the BP statistical report for June 2019, the US is the top producer of oil, producing 15.3 billion barrels of oil, in 2018. Moreover, the country has been experiencing huge investments from upstream operators to increase the production from the depleting fields in Texas, Permian Basin, and the Gulf of Mexico, along with new drilling activities in ultra-deepwater locations in the Gulf of Mexico, which is likely to drive the North American well intervention market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Comprehensive Report on Power Monitoring Market Set to Witness Huge Growth by 2024

 The global power monitoring market is projected to reach USD 5.2 billion by 2024 from an estimated USD 3.8 billion in 2019, at a CAGR of 6.1% during the forecast period. Increasing focus on efficient utilization of power resources is driving the demand for the power monitoring market.

Hardware segment is expected to lead the power monitoring market by technology

Increasing deployment of smart meters, rise in investments for smart grid technology, and increasing focus on reducing energy cost by effective utilization of power resources is expected to drive the hardware segment, by component during the forecast period. Asia Pacific is expected to be the fastest growing market for this segment.

Hardware components of a power monitoring system include physical components, such as metering and communication and measurement devices. The basic function of metering devices is to measure, record, and monitor the quantity of power flowing through any part of the electric system. It is expected to be the largest market during the forecast period.

Download PDF Brochure -

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=197503460

Manufacturing & Process Industry segment is expected to capture the significant share of the power monitoring market by end-user

Manufacturing &  Process Industry segment, by end-user, is expected to be the largest market for power monitoring. The growth of this segment is majorly driven by increasing demand for efficient utilization of power resources in cement, semiconductor, water & wastewater, food & beverages, and other industries. The demand for power monitoring in the manufacturing & process segment is driven by factors such as energy efficiency, power surges, and uninterrupted power supply. Furthermore, manufacturing & process industries are adopting & implementing energy efficiency measures and deploying equipment for delivering reliable power supply to reduce the overall operating cost and increase the plant uptime.

This research report categorizes the power monitoring market by technology, capacity, end-user, and region.

The power monitoring market, by Component, has been segmented as follows:

• Hardware
  • Metering & Communication Devices
  • Measurement Devices
• Software
• Services

The power monitoring market, by End-user, has been segmented as follows:

• Manufacturing & Process Industry
• Datacenters
• Public Infrastructure
• Utilities & Renewables
• Electric Vehicle Charging Station

The power monitoring market, by Region, has been segmented as follows:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

North America is expected to dominate the global power monitoring market

North America is expected to dominate the power monitoring market during the forecast period. The US, Canada, and Mexico are the major countries in this region. The governments of these countries in North America are currently focusing on upgrading and replacing their aging infrastructure, improving grid reliability, and enabling smarter power networks which is majorly driving the demand for power monitoring system. In addition to this, the US and Canadian utilities are expected to invest USD 880 billion and USD 100 billion, respectively, in power networks for a period of next 20 years. This investment would include sectors such as smart grids, digitization, power monitoring, and energy management among others. The countries in North America are also prone to natural disasters, hence, there is a demand for quick fault location and speedy restoration of electricity. All these factors would help in the growth of the power monitoring market in the region.

Ask for Sample Pages of the Report - https://www.marketsandmarkets.com/requestsampleNew.asp?id=197503460

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players, such as Schneider Electric  (France), ABB (Switzerland), Eaton (Ireland), Siemens (Germany), General Electric (US), Emerson (US), Rockwell Automation  (US), Mitsubishi Electric (Japan), Omron (Japan), Yokogawa (Japan) along with other prominent providers of power monitoring technology.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Switchgear Market Report 2020-2025: Leading Players are Schneider Electric, Siemens AG, ABB, General Electric, Eaton

The global switchgear market is projected to reach USD 88.5 billion by 2025 from an estimated USD 67.5 billion in 2020, at a post COVID-19 CAGR of  5.5% during the forecast period. Replacement of aging power infeastructure along with growing investments in renewable energy is expected to drive the switchgear market. Furthermore, revival of investments in the construction sector is expected to further drive the demand for this product.

https://www.marketsandmarkets.com/Market-Reports/switchgear-market-1162268.html

The switchgear market has promising growth potential due to several factors, including the increased industrialization, increased population, growing demand for the replacement of aging infrastructure, and upgrdation of existing substation in emerging economies. The rapid industrialization in Asia Pacific especially in China and Southeast Asia has increased the opportunity for switchgear market growth.

Switchgear Market

The report segments the switchgear market, by voltage, into <1 kV, 1-36 kV, and >36 kV. The 1-36 kV segment of the switchgear market is expected to grow at the highest CAGR during the forecast period. Switchgears in the 1–36 kV voltage rating are referred to as medium-voltage switchgears and generally used across all end-user segments, particularly in the manufacturing and process industries and T&D utilities. The 1–36 kV switchgears can consist of equipment, such as circuit breakers, paralleling switchgear, ring main units, motor control centers, railway and marine switchgears, and surge arresters. The 1–36 kV switchgears are used for the protection of industrial equipment, such as generators, motors and compressors, HVAC and air-conditioning, heating and lighting equipment, overload current protection, and electric arc protection in T&D sub-stations. The increasing power distribution infrastructure in APAC, along with the rising commercial and residential infrastructure in North America and APAC is driving the demand for switchgears in this segment.

Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1162268

The research report categorizes the switchgear market into the following segments and subsegments:

Based on Insulation

• AIS
• GIS

Based on the voltage:

• <1 kV
• 1-36 kV
• >36 kV

Based on the end-user:

• T&D Utilities
• Industries
• Commercial & Residential
• Ohers

By Region

• North America
• Asia Pacific
• South America
• Europe
• Middle East & Africa

The switchgear market, by installation, is categorized into indoor and outdoor. The indoor insulated switchgear segment is estimated to be the largest market for switchgear during the forecast. The indoor switchgear is commonly used in medium-voltage applications where the enclosure type is suitable for indoor environments. Most of the leading manufacturers of switchgears offer indoor type products for industries and commercial applications where the substations are installed at a medium voltage. Several industries, such as marine, oil & gas, mining, aviation, cement, aluminum, iron and steel, and automobile and chemical industries, use these solutions for power stability. An uninterrupted power supply is the key factor driving the demand for indoor switchgears.

Request FREE Sample Pages - https://www.marketsandmarkets.com/requestsampleNew.asp?id=1162268

Europe is estimated to be the fastest growing market for switchgear during the forecast period. The European switchgear market, by country, has been segmented into the UK, Germany, France, Russia, and the Rest of Europe. The European power generation, transmission, and distribution systems are comparatively mature. Therefore, the European Union (EU) is focusing on upgrading its aging infrastructure, integrating renewable energy sources such as solar and wind power, and building interconnections to enable more efficient power and energy trading. This would also require the replacement of the switchgear from electromechanical to digital which will propel the demand for switchgear.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Booster Compressor Market Recent Developments & Emerging Trends To 2023

 

The booster compressor market is expected to grow from an estimated USD 1.92 Billion in 2018 to USD 2.39 Billion by 2023, at a CAGR of 4.50% during the forecast period. The booster compressor market is primarily driven by the growing investments in oil & gas exploration and increasing industrialization in developing economies. In addition, the modular design and the lower cost of booster compressors will drive the demand of the booster compressor market.

The oil & gas segment is expected to hold the largest share of the booster compressor market, by end-user, during the forecast period

The oil & gas segment led the booster compressor market in 2017 and is projected to dominate the market during the forecast period. The booster compressor market for the oil & gas industry is driven by the growing investments in the industry. The investments are made in both upstream and midstream markets. The investment is driven by the growing demand for oil & gas in countries such as India and China. Booster compressors are used in different applications in the upstream and midstream industries such as hydrocarbon blanketing and gas boosting in the compression station. Thus, growing investments in the oil & gas sector create demand for booster compressors.

Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1902891

Target Audience:

• End-use industries such as oil & gas and petrochemical and chemical
• Booster compressor manufacturers and suppliers
• Government and research organizations
• Institutional investors
• Investment banks
• National and local government organizations
• OEM suppliers

Air-cooled segment is expected to be the fastest growing cooling type market

The air-cooled segment is expected to be the fastest growing cooling type market during the forecast period. The market for air-cooled booster compressors is primarily driven by the technical advancements in the cooling technology. The new air-cooled booster compressors are available in forced ventilation package. Due to the forced ventilation system, the energy loss from the motor is less, which increases the efficiency of the compressor even at high pressure. The air-cooled booster compressor is more cost-effective than the water-cooled booster compressor. These factors are driving the growth of the air-cooled booster compressor market, during forecasted period.

Speak to Analyst - https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1902891

Asia Pacific: The leading market for booster compressors

Asia Pacific is projected to be the largest market for booster compressors during the forecast period. The major economies in the region such as China, India, and Australia are investing in the oil & gas industry in order to reduce their imports and meet their growing demand for oil & gas. The rising demand for oil & gas is attributed to the rapid industrialization in the region. The demand for natural gas in the region is increasing as countries such as China are diversifying their energy mix and moving toward natural gas to be used as a source for power generation. In addition, the petrochemical market in the region is rising driven by the growing oil & gas investments in the region. Booster compressors are used for different applications in this industry such as drilling activities in the oil & gas industry and air separation in the petrochemical industry. The growing investments in this industry is driving the booster compressor market in the region.

Scope of the Report:

• By Cooling Type
  • Air-cooled
  • Water-cooled
• By Compression Stage
  • Single stage
  • Double stage
  • Multistage
• By Pressure
  • 14–40 bar
  • 41–100 bar
  • 101–350 bar
  • Above 351 bar
• By End-User
  • Oil & Gas
  • Process Industry
  • Chemical & Petrochemical
  • Power Generation
  • Others
• By Region
  • Asia Pacific
  • Europe
    
  • North America
  • South America
  • Middle East & Africa

Ask FREE Sample Pages - https://www.marketsandmarkets.com/requestsampleNew.asp?id=1902891

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the booster compressor market. These players include Atlas Copco (Sweden), Ingersoll Rand (Republic of Ireland), Kaeser Kompressoren (Germany), SAUER Compressor (Germany) and BAUER Kompressoren (Germany). The leading players are trying to make inroads in the market in the developed economies and are adopting various strategies to increase their market shares.