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The global booster compressor market is projected to reach a market size of USD 2.39 Billion in 2023, growing at a CAGR of 4.50%, from an estimated USD 1.92 Billion in 2018.
The global Booster Compressor Market is projected to reach a market size of USD 2.39 Billion in 2023, growing at a CAGR of 4.50%, from an estimated USD 1.92 Billion in 2018. The market in Asia Pacific is estimated to be the largest for booster compressors, followed by North America in 2018. Booster compressors are available in modular design, due to which they are compatible with any low-pressure compressor. In addition, booster compressors are more cost-effective than high-pressure compressors because the power capacity required by booster compressors for high-pressure compression is less. Thus, due to the modular design and cost-effectiveness, booster compressors are used in various industries.