Air Pressure Booster System Market Size

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.