Market Insights and Analysis: Southeast Asia Booster Compressor Market Overview and Projections (2023-2028)

The Southeast Asia Booster Compressor Market size 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 growth of the market is attributed primarily to the rising demand for oil & gas backed by economic growth owing to increasing industrial activities, the growing population, and rising income levels, coupled with the ever-increasing adoption of clean energy capacities.

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.

Southeast Asia Booster Compressor Market Driver

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.

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Report Segmentation:

The market is categorized into the following segments in the report:

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.

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Southeast Asia Booster Compressor Market Geographic Reach:

The Geographic Reach of the Southeast Asia Booster Compressor Market evaluates the spread and significance of Southeast Asia Booster Compressor market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

·         Singapore, Indonesia, Malaysia, Thailand, Philippines, Rest of South East Asia.

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