Air Pressure Booster System Market size is anticipated to reach USD 8 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of air pressure booster system was over USD 4 Billion. These systems are widely used in the automobile industry, and thus the rising manufacturing of automobiles is fueling the market expansion for air pressure booster systems. Automotive uses for air pressure booster systems include air suspension, braking, and engine control systems. For instance, in 2022, 57 million passenger vehicles were made globally. In 2022, almost 67 million automobiles were sold worldwide. In 2022, the worldwide car manufacturing sector brought in USD 2.86 trillion in sales. Therefore, the expansion of the automotive industry is also accelerating the growth of the market.
Compressed air systems are used extensively in the renewable energy sector, and air pressure booster systems are essential to this business. The high-pressure air needed for hydroelectric power plants, wind turbines, and other renewable energy sources is produced by these systems. The air pressure booster system market in this industry is anticipated to increase as a result of the increasing need for renewable energy.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~ 6% |
Base Year Market Size (2023) |
~ USD 4 Billion |
Forecast Year Market Size (2036) |
~ USD 8 Billion |
Regional Scope |
|
Application (Leak Detection, Pressure Testing, Valve Actuators, Blow Molding)
The pressure testing segment in the air pressure booster system market is expected to hold a share of 44% by the end of 2036. To ensure that air pressure booster systems fulfill the necessary quality standards, pressure testing is crucial. Pressure testing is used by manufacturers and industries to confirm the reliability and functioning of these systems, guaranteeing their safe and effective operation. Furthermore, the need for air pressure booster systems grows as companies develop and grow. As a result of this expansion, thorough pressure testing is required to guarantee the dependability and functionality of these systems. The need for pressure testing has grown as a result of the heavy reliance on air pressure booster systems in the automotive, aerospace, oil & gas, and manufacturing industries. Additionally, by using pressure testing to find possible flaws or weaknesses in air pressure tests, manufacturers can reduce the possibility of leaks, system failures, and other safety risks. In light of this, the market in this segment is estimated to witness growth throughout forecast period.
End-use (Chemical, Bottle Manufacturing, Oil & Gas, Automotive)
Air pressure booster system market for the bottle manufacturing segment is anticipated to hold a share of 40% during the projected period. Products in bottles, including medicines, drinks, and personal hygiene products, are in high demand. Therefore, the growing consumption of beverages will accelerate the growth of the segment. It is anticipated that there will be 1.1 billion customers in the beverages market by 2028. The demand for dependable and effective bottle production techniques is growing. Systems for increasing air pressure are essential for guaranteeing reliable and superior bottle production. Additionally, these systems supply the air pressure required for procedures such as blow molding, which involves inflating plastic preforms into bottles. The systems facilitate faster production cycles, less downtime, and enhanced overall efficiency through the maintenance of ideal air pressure levels.
Our in-depth analysis of the global air pressure booster system market includes the following segments:
Type |
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Application |
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End-user |
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APAC Market Forecast
Air pressure booster system market in Asia Pacific is expected to hold a share of 35% during the forecast period. In the upcoming years, demand is probably going to stay high as the end-use sectors gradually recover. Oil & gas, bottle manufacturing, and other end-use sectors in the region will drive demand for pressure systems. For instance, the Asia-Pacific pharmaceutical plastic bottle industry was estimated to be worth 2.46 billion US dollars in 2022. All material kinds are expected to see an increase, with a projected value of about 3.6 billion US dollars in 2030. Therefore, the growing production of pharmaceutical plastic bottles is accelerating the market growth in the region. As long as there is a need for equipment over the projected time, Asia Pacific will be a major supplier of air pressure booster system. Air pressure booster system manufacturers will continue to gain from the region’s projected large increase in investment in oil & gas projects during the coming years.
North American Market Statistics
North American air pressure booster system market is poised to hold a share of 26% during the forecast period. There has been a considerable amount of infrastructure development in North America, including the installation of new structures, pipelines, and transit networks. In these projects, air pressure booster systems are essential because they supply the pressure required for compressed air networks, HVAC systems, and pneumatic tools. In addition, the region boasts a robust industrial base spanning multiple industries, including manufacturing, aerospace, automotive, and oil & gas. The market is expanding due to the presence of large corporations in the region. Innovative and more effective air pressure booster systems with cutting-edge features like smart controls and remote controls are constantly being developed by manufacturers. Therefore, all these factors are escalating the growth of the market in the region.
Author Credits: Richa Gupta
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