Hydrogen Compressor Market Forecasts to 2028 – Global Analysis By Type (Oil-Based and Oil-Free), Product Type (Hydride, Reciprocating Piston Compressors and Others), Stage, Power Range, Technology Type, End User and By Geography
According to Stratistics MRC, the Global Hydrogen Compressor Market is accounted for $2.00 billion in 2020 and is expected to reach $3.41 billion by 2028 growing at a CAGR of 6.9% during the forecast period. Some of the factors such as the increasing adoption of hydrogen fuel cell vehicles and the booming oil and gas sector are driving the market growth. However, the high recurring cost in maintenance is hindering the market growth.
A hydrogen compressor is a tool that raises the pressure of hydrogen gas by reducing its volume, resulting in compressed hydrogen or liquid hydrogen. The majority of compressors utilized for gaseous hydrogen compression are either positive displacement compressors or centrifugal compressors.
Based on the type, the oil-based segment is projected to dominate the market. The oil-based hydrogen compressor necessitates more regular oil changes and routine maintenance. It also necessitates improved hydrogen filtering employing separators and coalescing filters to remove the oil and protect downstream equipment and processes.
By geography, the Asia Pacific is projected to dominate the market. China is one of the largest and fastest-growing hydrogen compressor markets in the world. Moreover, the expansion of hydrogen fuel cell vehicles and Japan's aim to manufacture hydrogen fuel stations for recharging the vehicles are expected to drive the market.
Some of the key players profiled in the Hydrogen Compressor Market include Atlas Copco AB, Burckhardt Compression AG, Fluitron, Inc., Gardner Denver Nash, LLC, HAUG Sauer Kompressoren AG, Howden Group, Hydro-Pac, Inc., Lenhardt & Wagner GmbH, NEUMAN & ESSER GROUP, PDC Machines Inc, Ariel Corporation, Hitachi Ltd., Siemens AG, Indian Compressors Ltd, Sundyne, IDEX Corporation, Ingersoll-Rand, Mitsui E&S Holdings Co. Ltd. and Colfax Corp.
Product Types Covered:
• Reciprocating Piston Compressors
• Hydride Compressor
• Electrochemical Hydrogen Compressor
Power Ranges Covered:
• Below 100 HP
• 101 HP - 200 HP
• 201 HP and Above
Technology Types Covered:
End Users Covered:
• Oil and Gas
• Utility Industries
• Automotive and Transportation
• Renewable Energy
• Filling Stations
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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