PDF Cover

Electric Boosters Market

Electric Boosters Market

The market for Electric Boosters was estimated at $1.5 billion in 2024; it is anticipated to increase to $4.0 billion by 2030, with projections indicating growth to around $9.0 billion by 2035.

Report ID:DS2001124
Author:Swarup Sahu - Senior Consultant
Published Date:
Datatree
Automotive & Transportation
Automotive & Mobility
Electric Boosters
Share
Connect
Report Price: $4,200
Report Summary
Market Data
Methodology
Table of Contents

Global Electric Boosters Market Outlook

Revenue, 2024

$1.5B

Forecast, 2034

$7.7B

CAGR, 2025 - 2034

17.5%

The Electric Boosters industry revenue is expected to be around $1.8 billion in 2025 and expected to showcase growth with 17.5% CAGR between 2025 and 2034. The increasing need for boosters indicates a significant shift towards energy efficient solutions across various industries. This rise is primarily driven by key factors such as a growing emphasis on sustainability and technological advancements in addition to stricter regulations for energy preservation. Furthermore the changing consumer preferences, towards friendly products have played a crucial role in the continued importance of electric boosters.

Electric boosters are well known for their characteristics like excellent effectiveness and cost efficiency with high productivity levels as well as being widely used in various fields including water supply systems and agricultural practices along with heating and air conditioning setups among others industries. The integration of automated control mechanisms into these units has become increasingly popular in recent times thus increasing the need, for them further.

Electric Boosters market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034
Electric Boosters Market Outlook

Market Key Insights

  • The Electric Boosters market is projected to grow from $1.5 billion in 2024 to $7.7 billion in 2034. This represents a CAGR of 17.5%, reflecting rising demand across Automotive Industry, Aerospace Sector, and Marine.

  • ABB, Schneider Electric, and Siemens AG are among the leading players in this market, shaping its competitive landscape.

  • U.S. and China are the top markets within the Electric Boosters market and are expected to observe the growth CAGR of 16.8% to 24.5% between 2024 and 2030.

  • Emerging markets including Nigeria, Vietnam and Colombia are expected to observe highest growth with CAGR ranging between 13.1% to 18.2%.

  • Transition like Automotive Industry Shift is expected to add $667 million to the Electric Boosters market growth by 2030

    .

  • The Electric Boosters market is set to add $6.1 billion between 2024 and 2034, with manufacturer targeting Oil & Gas & Automotive Application projected to gain a larger market share.

  • With Rising demand for energy-efficient solutions, and technological advancements in electrification, Electric Boosters market to expand 402% between 2024 and 2034.

electric boosters market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Electric Boosters - Country Share Analysis

Opportunities in the Electric Boosters

The worldwide adoption of vehicles is also growing rapidly and creating a higher demand for essential components such as electric boosters to power them effectively. Forming partnerships, with electric vehicle manufacturers offers an opportunity for electric booster companies to tap into the thriving electric vehicle market.

Growth Opportunities in North America and Asia-Pacific

In North America's electric boosters sector flourishes due to its cutting edge technology setup and the growing need for eco automotive solutions as electric vehicles gain popularity for better performance boosters play a significant role in this surge in demand. Increased awareness about emission control and energy preservation also drives the market forward with prospects in the electric vehicle and aerospace industries. Competition is fierce in this field as companies vie for an edge through innovation, in their products. Having companies such as Tesla, General Motors and Ford interested in purchasing boosters creates a favorable environment for manufacturers, in this region.
In contrast to regions globally the Asia Pacific region shows great potential for the electric boosters market due to a growing emphasis on eco friendly technology and emission regulations especially in nations such as China and Japan. Trends like mobility are boosting the need for electric boosters. The main focus is on electric vehicle initiatives, battery driven commercial vehicles and electric public transportation systems. The competitive scenario is varied, with local and international companies all vying for a slice of the market share. In this region of business development opportunities abound due to the presence of top automotive giants such as Toyota and Hyundai. These companies create an environment, for manufacturers looking to expand.

Market Dynamics and Supply Chain

01

Driver: Rising demand for energy-efficient solutions, and Growth in the electric vehicle market

With the growing focus on environmental issues the need for Electric boosters is also increasing due to their energy efficiency and sustainability benefits. Electric boosters are also crucial in sectors like automotive, HVAC systems and industrial machinery delivering high energy performance while consuming much less energy than conventional alternatives. These innovations exemplify how advanced technology is also driving a shift, towards an industrial landscape.

As the EV market grows globally, so does also the demand for advanced components like Electric boosters, which enhance the performance and efficiency of these vehicles. These boosters are also integral for accelerating the EVs speed and improving the driving experience. The rapid adoption of EVs is also thus driving the growth of the Electric boosters market.

In years and with the continuous progress in electrification technology sector has also greatly influenced the market for electric boosters positively. Innovations like software managed systems, velocity controllers and design enhancements are also enhancing the effectiveness of boosters making them increasingly favored for various uses ranging from electric cars, to industrial operations.

02

Restraint: High Capital Investment

The initial cost of implementing boosters can be a major obstacle to their widespread use since it requires a significant investment upfront. Medium sized enterprises in particular may struggle to afford these advanced technologies, which could hinder the broader adoption of Electric boosters. SMEs often face challenges related to the expenses associated with acquiring and maintaining Electric boosters leading them to stick with conventional energy sources instead. Moreover the necessity for workers who can operate and upkeep these boosters contributes to the overall costs and further limits the demand, in the market.

03

Opportunity: Integration in Home Automation Systems and Revolutionizing Environmental Sustainability

As technology progresses and people rely more on technology in their lives home automation systems are becoming increasingly popular. To enhance the comfort and intelligence of living spaces integrating boosters into smart homes can offer users innovative solutions for their living needs. This integration allows for energy homes where boosters adjust to the preferences of users and minimize energy consumption. As a result the incorporation of boosters, into smart homes presents a significant market opportunity that has not only yet been fully explored.

The growing recognition and pressing need to address climate change provide an opportunity for Electric boosters in the market scenario today. Across sectors Businesses and customers are actively exploring eco friendly options. Electric boosters play a role, in cutting down carbon emissions while providing a greener and more effective alternative. This eco friendly advantage, coupled with progress paves the way for electric boosters to lead the industry and fulfill the increasing environmental requirements.

04

Challenge: Technological Limitations

Another major obstacle impeding the Electric boosters market growth pertains to technological limitations. Despite their high efficiency, Electric boosters complexity can result in operational challenges. For instance, their sensitivity to extreme conditions such as high temperatures or corrosive environments could limit their usage in certain industrial applications. Additionally, concerns regarding potential power loss issue also deter prospective consumers, fearing unreliable performance or frequent maintenance requirements.

Supply Chain Landscape

1

Raw Material Procurement

Rio TintoBHP Group
2

Component Manufacturing

Bosch GroupDenso Corporation
3

Booster Assembly

Honeywell InternationalBorgWarner Inc
4

Distribution & End Users

AmazonWal-Mart
Electric Boosters - Supply Chain

Use Cases of Electric Boosters in Automotive Industry & Aerospace Sector

Automotive Industry : The automotive industry employs the use of electric boosters extensively to augment hydraulic braking systems. These systems predominantly utilize Electric Vacuum Boosters, a variant of electric boosters with significant advantages such as reducing the vehicles dependence on the internal combustion engine and improving fuel efficiency. Prominent market players, like Bosch and DENSO, continue to lead this application region by consistently delivering innovative and efficient solutions.
Aerospace Sector : Electric boosters also play a critical role in the aerospace industry. Electric Jet Boosters are frequently utilized to assist in take-off processes of aircraft, reducing the need for excessive runway lengths and fuel consumption. Top-tier organizations like Boeing and Honeywell have demonstrated strong market command through their superior and state-of-the-art electric jet booster offerings.
Marine : Electric boosters further find use in marine applications, designed to support boat propulsion systems. These Electric Propulsion Boosters significantly enhance travel efficiency while reducing dependence on traditional fuel sources. Renowned companies like Torqeedo and Yamaha are major influencers in this market segment, with a strong reputation for delivering top-notch electric propulsion booster technologies.

Recent Developments

The recent market trajectory for electric boosters has been markedly dynamic, stimulated by continual advancements in technology and changing consumer demands. Presently, one of the leading market trends is the expanding utilization of these boosters in various sectors, notably in automotive and industrial applications. Technological innovations ongoing in this realm focus on augmenting efficiency, lowering energy consumption, and enhancing the longevity of electric boosters.

December 2024 : Tesla launched a groundbreaking electric booster, resulting in soaring interest across the global market. This development is considered a significant breakthrough in propulsion technology, driving growth in the electric boosters industry.
November 2024 : Eon drive systems released an innovative range of electric boosters, boasting energy efficiency and high performance. This development is believed to reshape the applications and future prospects of electric boosters.
October 2024 : General Electric stepped into the electric boosters market with the introduction of a new patented technology. This addition signifies their strategic shift towards the blue ocean of Electric boosters industry.

Impact of Industry Transitions on the Electric Boosters Market

As a core segment of the Automotive & Mobility industry, the Electric Boosters market develops in line with broader industry shifts. Over recent years, transitions such as Automotive Industry Shift and Aerospace Advancements have redefined priorities across the Automotive & Mobility sector, influencing how the Electric Boosters market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Automotive Industry Shift

In years the automotive sector has seen a notable transition towards electric mobility. Electric boosters have become crucial in this change enhancing torque to improve engine performance, fuel efficiency and overall power in cars. The global recognition of boosters in EVs is growing due, to their scalability and sustainability features. Big players in the industry like Tesla and BMW are adding enhancements to boost the performance of their electric cars which is set to not only revolutionize the automotive sector but also have a major influence on related industries such, as battery makers and renewable energy producers. This industry transition is expected to add $667 million in the industry revenue between 2024 and 2030.
02

Aerospace Advancements

Another remarkable transition influenced by electric boosters is unfolding within the aerospace industry. Aircraft manufacturers are leveraging these highperforming boosters to enhance the efficiency of electric propulsion systems in aircraft. With advancements in electric propulsion technology, the aerospace industry is progressively moving towards more ecofriendly and fuel-efficient aircraft.

Related Reports
Loading related reports...