The Canada booster
compressor market is expected to witness a growth of steady CAGR in the
forecast period, 2023-2027. Increased spending on the oil & gas industry,
ongoing technological advancements, and the rapid development of natural gas
infrastructure are the primary factors driving the market growth. Also, the
rise in production and sales of electric vehicles and the growing investment
for clean energy is expected to propel the growth of the Canada booster
compressor market in the forecast period.
Expansion of the Natural Gas Network Drives
the Market Growth
The growing awareness about the benefits
of using natural gas over the other conventional sources of energy is expected
to fuel the demand for natural gas all over the country. Government authorities
are launching projects to accelerate the exploration of natural gas, and the
rapid completion of these projects is bolstering the demand for booster
compressors throughout the forecast period. Leading authorities have proposed
eighteen LNG export projects in Canada that comprise projects in varying
locations, including 13 in British Columbia, 2 in Quebec, and 3 in Nova Scotia,
with a total estimated export capacity of 216 million tons per annum (mtpa) of
LNG. The Canadian Association of Petroleum Producers (CAPP) is forecasting a 22
percent increase in natural gas and oil investment in 2022. The rise in energy
requirements and ongoing developments are expected to propel the demand of the
Canada booster compressor market through the forecast period.
Growing Demand for Electric Vehicle
Boosts High Market Demand
According to the government of Canada,
transportation is responsible for approximately 25% of greenhouse gas emissions
which are majorly released from passenger cars and light trucks. The rise in
environmental concerns and the need to lower the greenhouse gases in the
environment is accelerating the need to adopt zero-emission vehicles. The
launch of the plan, “A Healthy Environment and A Healthy Economy,” which aims
to build a cleaner and stronger transportation system, is a positive factor for
the market growth. The government has set targets for all new light-duty cars
and passenger trucks to become zero-emission vehicles by 2035 and is promoting
the manufacturing of electric batteries in the country. Compressed air and gas
are required to optimize the production of electric batteries. The growing
sales of electric vehicles are expected to create lucrative opportunities for
the Canada booster compressor market in the forecast period.
Surging Manufacturing and Processing
Industry to Support the Market Growth
The rise in investments in the oil &
gas industry, power, and chemical industry is projected to propel the growth of
booster compressors across the country. Government authorities are introducing
policies and regulations to relax the new entry players' procedures and create
an environment to boost productivity across different industry verticals. Entry
of the foreign market players and promotion of the investment policies by
leading authorities and market players are expected to bolster the development
of other industries. The growing manufacturing industry and the need to use
compressor gas & oil in these industries are expected to propel the growth
of the Canada booster compressor market for the forecast period.
Download Free Sample Report
Market Segmentation
The Canada booster
compressor market is segmented into cooling
type, stage, power source, pressure rating, end use industry, company, and
regional distribution. Based on cooling type, the market is divided into air
and water. Based on stage, the market is divided into single, double, and multi.
Based on power source, the market is bifurcated into electric & combustion
engine. Based on pressure rating, the market is divided into 14-40 bar, 41-100
bar, 101-350 bar, >350 bar. Based on end use industry, the market is divided
into oil & gas, manufacturing, chemicals, power, and others. The market is also studied by dividing Canada
into regions namely Ontario, Quebec, The West, British Columbia, Atlantic
Canada, and The North.
Market Players
Atlas Copco, Kaeser Kompressoren, Boge
Kompressoren, SAUER Compressor, BAUER Kompressoren, Hitachi, Ingersoll Rand,
Gardner Denver, BHGE, Idex Corporation, Maximator, Haskel are the major market
players operating in the Canada booster compressor market.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 –
2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023
– 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments covered
|
·
Cooling Type
·
Stage
·
Power Source
·
Pressure Rating
·
End Use Industry
|
|
Region scope
|
Ontario,
Quebec, The West, British Columbia, Atlantic Canada, The North
|
|
Key companies profiled
|
Atlas Copco, Kaeser Kompressoren, Boge Kompressoren, SAUER
Compressor, BAUER Kompressoren, Hitachi, Ingersoll Rand, Gardner Denver, BHGE,
Idex Corporation, Maximator, Haskel
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to regional
& segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
Report Scope:
In this report, Canada booster
compressor market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Canada Booster Compressor Market, By Cooling Type:
- Canada Booster Compressor Market, By Stage:
- Canada Booster Compressor Market, By Power Source:
- Electric
- Combustion Engine
- Canada Booster Compressor Market, By Pressure Rating:
- 14-40 bar
- 41-100 bar
- 101-350 bar
- >350 bar
- Canada Booster Compressor Market, By End Use Industry:
- Oil & Gas
- Manufacturing
- Chemicals
- Power
- Others
- Canada Booster
Compressor Market, By Region:
- Ontario
- Quebec
- The West
- British Columbia
- Atlantic Canada
- The North
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Canada booster compressor market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Canada booster compressor
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]