Southeast Asia Booster Compressor Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2028
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Southeast
Asia Booster Compressor Market (2023-2028):
According
to the latest report, the Southeast
Asia Booster Compressor Market is valued at around USD 82
million in 2024 and is estimated to grow at a CAGR of around 5.63%
during the forecast period, i.e., 2023-28. The
report demonstrates the prominent factors propelling the exponential growth of
the Southeast Asia Booster Compressor Market.
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·
Historic Period: 2018-2021
·
Base year: 2022
·
Forecast Years: 2023-2028
·
CAGR (2024-30): 12.35%
·
Market Value (2024): 82 Million
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What are the major Driver
the Southeast
Asia Booster Compressor industry?
Growing Investments in the Mining Sector - The vast presence of minerals such as nickel,
coal, copper, gold, bauxite, etc. in the Southeast Asian region has made the
region an important source of producer of these minerals, however, the sector
has remained a small contributor to the revenue of governments’ revenues, in
consequence, countries such as Indonesia, Philippines have started announcing
new mining projects to realize the full potential of the mining sector. For
instance, in 2022, the Philippines government approved the Tampakan copper-gold
project, which is considered Southeast Asia’s biggest untapped copper-gold
field. The project is expected to commence by 2026. Thus, the growth
of the mining sector in the region is generating the demand for booster
compressors owing to the requirement of booster compressors for facilitating
powering equipment and maintaining adequate air pressure.
Additionally, governments in the region are
taking measures to enhance investment in the mining industry owing to the high
price of raw materials such as nickel and copper. For instance, according to
Indonesian Investment Coordinating Board, in 2022, Indonesia’s mining sector
received a foreign investment of USD 43 billion, registering an increase of 44%
as compared to the previous year i.e. 2021. Through this government aims to
capture increased value across the sectors and drive domestic industry growth.
Southeast Asia Booster Compressor
Market Segmentation
The Southeast Asia Booster Compressor Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Cooling Type
- Air Cooled- Market Size & Forecast
(2018-2028) in USD Million
- Water Cooled- Market Size &
Forecast (2018-2028) in USD Million
- By Compression Stage
- Single Stage- Market Size &
Forecast (2018-2028) in USD Million
- Double Stage- Market Size & Forecast
(2018-2028) in USD Million
- Multi Stage- Market Size & Forecast
(2018-2028) in USD Million
- By Pressure
- Upto 14 bar- Market Size & Forecast
(2018-2028) in USD Million
- 14-40 bar- Market Size & Forecast
(2018-2028) in USD Million
- 41-100 bar- Market Size & Forecast
(2018-2028) in USD Million
- 101-350 bar- Market Size & Forecast
(2018-2028) in USD Million
- Above 350 bar- Market Size &
Forecast (2018-2028) in USD Million
- By End Users
- Mining- Market Size & Forecast
(2018-2028) in USD Million
- Oil & Gas- Market Size &
Forecast (2018-2028) in USD Million
- Automotive- Market Size & Forecast
(2018-2028) in USD Million
- Chemical- Market Size & Forecast
(2018-2028) in USD Million
- Power Generation- Market Size &
Forecast (2018-2028) in USD Million
- Process Industries (Food &
Beverage, Pharmaceutical, etc.)
- Others (Defence, Shipping, etc.) -
Market Size & Forecast (2018-2028) in USD Million
- By Country
- Singapore
- Indonesia
- Malaysia
- Thailand
- Philippines
- Rest of South East Asia
As per the regional aspect, the Southeast Asia Booster Compressor Market is expected to be dominated by the Singapore by capturing the potential market share.
Explore further
details about this research report-
https://www.marknteladvisors.com/research-library/southeast-asia-booster-compressor-market.html
Top Companies in the Southeast Asia Booster Compressor Market
Atlas Copco, NextEra Energy,
BAUER Kompressoren, Kaeser Kompressoren, Hitachi, Saucer Compressor, Gardner
Denver Nash, Boge Kompresoren, Haskel, Generon, and Ingersoll Rand PLC.
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