New York, United States, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Hydrogen compressors are slowly gaining ground in terms of their demand and popularity. International organizations and various economies have been moving towards alternative energy generation sources, and hydrogen proves to be a suitable alternative due to being eco-friendly. Economies in South Asia and Southeast Asia, such as India, Singapore, Thailand, Indonesia, and Malaysia, are anticipated to emerge as the fastest-growing nations in demand for hydrogen compressors. Japan is expected to dominate the regional market and hold a significant share in the global market.
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Impact of COVID-19
The global pandemic due to the COVID-19 has resulted in a considerable collapse of the international supply chain and has halted global trade substantially. The clean hydrogen sector has now reached its pre-commercialization phase and is ready to play its essential role in decarbonizing the economies. The economic crisis that has resulted from the spread of the COVID-19 will cause a significant delay in the adoption and commercial roll-out of the clean hydrogen. Furthermore, it might even permanently endanger the clean hydrogen sector's capacity to take up its role as the missing link in the transition towards clean energy. However, economies such as Germany, the U.K., Spain, the Netherlands, China, Japan, among others, will continue to be leaders in utilizing hydrogen for various end uses. These factors are foretold to aid in stabilizing the hydrogen compressor market.
Report Scope
| Report Metric | Details |
| Market Size | USD 2.08 Billion by 2030 |
| CAGR | 2.5% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, Hydrogen Pressure, Type, End-User, Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | Ariel Corporation, Atlas Copco AB, Siemens Group, Linde PLC, Corken, Inc., Gardner Denver, Hitachi Industrial Products, Ltd., Burckhardt Compression AG, Hydro-Pac, Inc, HAUG Sauer Kompressoren AG, Kaishan Compressor USA |
| Key Market Opportunities | Evolving Hydrogen Fuel Cell Technology |
| Key Market Drivers | Increasing demand for hydrogen for energy generation Rising use of hydrogen in an array of industries |
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Regional Analysis
The Middle East is foreseen to focus on hydrogen production as global voices for using hydrogen as a clean energy alternative gets stronger. North Africa is also expected to be one of the significant growth drivers for the hydrogen compressor market owing to its partnership for hydrogen generation with Europe. However, the market is expected to see some restrictions in its growth rate due to the backing out of the U.S. from the Paris treaty. The U.S. is one of the major regional markets for the hydrogen compressor. This shift in its policy is envisaged to impact the growth of the hydrogen compressor market negatively.
Key Highlights
- The global hydrogen compressor market size is projected to reach USD 2.08 billion by 2030, growing at a CAGR of 2.5% during the forecast period (2022-2030).
- The market is divided into multi-stage and single-stage segments based on technology.
- The market is divided into segments according to the hydrogen pressure, which ranges from 200 bar to 900 bar. Other segments include 350 bar, 400 bar, 500 bar, and 700 bars.
- The market is divided into oil-free and oil-based hydrogen compressors depending on type.
- The market is segmented into North America, Europe, Asia Pacific, Central and South America, the Caribbean, the Middle East, and Africa based on geography.
- Due to the significant transition in the region's energy consumption from fossil fuels to alternative fuels, the market for hydrogen compressors in Europe has seen tremendous expansion in recent years.
Top Key Players
- Ariel Corporation
- Atlas Copco AB
- Siemens Group
- Linde PLC
- Corken, Inc.
- Gardner Denver
- Hitachi Industrial Products, Ltd.
- Burckhardt Compression AG
- Hydro-Pac, Inc
- HAUG Sauer Kompressoren AG
- Kaishan Compressor USA, LLC
- KAJI Technology Corporation
- Kobe Steel, Ltd.
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Hydrogen Compressor Market: Segmentation
By Technology
- Multistage
- Single Stage
By Hydrogen Pressure
- 200 bar
- 350 bar
- 400 bar
- 500 bar
- 700 bar
- 900 bar
By Type
- Oil-Free Type
- Oil-Based Type
By End User
- Oil and Gas Sector
- Chemical and Petrochemical Industry
- Other
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions and Exclusions
2.4 Secondary Data Sources
3 Executive Summary
4 Market Overview
4.1 Report Segmentation and Scope
4.2 Value Chain Analysis: Hydrogen Compressor Market
4.2.1 Vendor Matrix
4.3 Key Market Trends
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Environmental and Regulatory Landscape
4.6 Forecast Factors and Relevance of Impact
4.7 Macro-Economic and Geopolitical Scenario
4.8 Parent Market Overview
4.9 Technology Landscape
4.10 Market Share Analysis
4.11 COVID-19 Impact Analysis
4.11.1 Pre and Post COVID-19 Scenario
4.11.2 Market Recovery Timeline and Challenges
4.11.3 Strategy to be Adopted by Players
4.11.4 Quarterly Growth Forecast (2022-2030)
4.12 Regional Price Trends
4.13 Raw Material Trends
4.14 Cost Structure Analysis
4.14.1 Labor Cost
4.14.2 Consumables
4.14.3 Maintenance Cost
5 Technology Overview
5.1 Introduction
5.1.1 Market Size and Forecast (Value and Volume)
5.2 Multistage
5.2.1 Market Size and Forecast (Value and Volume)
5.3 Single Stage
5.3.1 Market Size and Forecast (Value and Volume)
6 Hydrogen Pressure Overview
6.1 Introduction
6.1.1 Market Size and Forecast (Value and Volume)
6.2 200 Bar
6.2.1 Market Size and Forecast (Value and Volume)
6.3 350 Bar
6.3.1 Market Size and Forecast (Value and Volume)
6.4 400 Bar
6.4.1 Market Size and Forecast (Value and Volume)
6.5 500 Bar
6.5.1 Market Size and Forecast (Value and Volume)
6.6 700 Bar
6.6.1 Market Size and Forecast (Value and Volume)
6.7 900 Bar
6.7.1 Market Size and Forecast (Value and Volume)
7 Type Overview
7.1 Introduction
7.1.1 Market Size and Forecast (Value and Volume)
7.2 Oil-Free Type
7.2.1 Market Size and Forecast (Value and Volume)
7.3 Oil-Based Type
7.3.1 Market Size and Forecast (Value and Volume)
8 End-User Overview
8.1 Introduction
8.1.1 Market Size and Forecast (Value and Volume)
8.2 Oil and Gas Sector
8.2.1 Market Size and Forecast (Value and Volume)
8.3 Chemical and Petrochemical Industry
8.3.1 Market Size and Forecast (Value and Volume)
8.4 Other
8.4.1 Market Size and Forecast (Value and Volume)
9 Regional Overview
9.1 Introduction
9.1.1 Market Size and Forecast (Value and Volume)
9.2 North America
9.2.1 Economic Overview
9.2.2 Market Scenario
9.2.3 The U.S.
9.2.3.1 By Technology
9.2.3.2 By Hydrogen Pressure
9.2.3.3 By Type
9.2.3.4 By End-User
9.2.4 Canada
9.2.4.1 By Technology
9.2.4.2 By Hydrogen Pressure
9.2.4.3 By Type
9.2.4.4 By End-User
9.2.5 Mexico
9.2.5.1 By Technology
9.2.5.2 By Hydrogen Pressure
9.2.5.3 By Type
9.2.5.4 By End-User
9.3 Central and South America and the Caribbean
9.3.1 Economic Overview
9.3.2 Market Scenario
9.3.3 Brazil
9.3.3.1 By Technology
9.3.3.2 By Hydrogen Pressure
9.3.3.3 By Type
9.3.3.4 By End-User
9.3.4 Argentina
9.3.4.1 By Technology
9.3.4.2 By Hydrogen Pressure
9.3.4.3 By Type
9.3.4.4 By End-User
9.3.5 Columbia
9.3.5.1 By Technology
9.3.5.2 By Hydrogen Pressure
9.3.5.3 By Type
9.3.5.4 By End-User
9.3.6 Rest of Central and South America and the Caribbean
9.3.6.1 By Technology
9.3.6.2 By Hydrogen Pressure
9.3.6.3 By Type
9.3.6.4 By End-User
9.4 Europe
9.4.1 Economic Overview
9.4.2 Market Scenario
9.4.3 Germany
9.4.3.1 By Technology
9.4.3.2 By Hydrogen Pressure
9.4.3.3 By Type
9.4.3.4 By End-User
9.4.4 France
9.4.4.1 By Technology
9.4.4.2 By Hydrogen Pressure
9.4.4.3 By Type
9.4.4.4 By End-User
9.4.5 The U.K.
9.4.5.1 By Technology
9.4.5.2 By Hydrogen Pressure
9.4.5.3 By Type
9.4.5.4 By End-User
9.4.6 Italy
9.4.6.1 By Technology
9.4.6.2 By Hydrogen Pressure
9.4.6.3 By Type
9.4.6.4 By End-User
9.4.7 The Rest of Europe
9.4.7.1 By Technology
9.4.7.2 By Hydrogen Pressure
9.4.7.3 By Type
9.4.7.4 By End-User
9.5 Asia-Pacific (APAC)
9.5.1 Economic Overview
9.5.2 Market Scenario
9.5.3 China
9.5.3.1 By Technology
9.5.3.2 By Hydrogen Pressure
9.5.3.3 By Type
9.5.3.4 By End-User
9.5.4 Japan
9.5.4.1 By Technology
9.5.4.2 By Hydrogen Pressure
9.5.4.3 By Type
9.5.4.4 By End-User
9.5.5 India
9.5.5.1 By Technology
9.5.5.2 By Hydrogen Pressure
9.5.5.3 By Type
9.5.5.4 By End-User
9.5.6 Australia
9.5.6.1 By Technology
9.5.6.2 By Hydrogen Pressure
9.5.6.3 By Type
9.5.6.4 By End-User
9.5.7 South Korea
9.5.7.1 By Technology
9.5.7.2 By Hydrogen Pressure
9.5.7.3 By Type
9.5.7.4 By End-User
9.5.8 Rest of APAC
9.5.8.1 By Technology
9.5.8.2 By Hydrogen Pressure
9.5.8.3 By Type
9.5.8.4 By End-User
9.6 The Middle East
9.6.1 Economic Overview
9.6.2 Market Scenario
9.6.3 Saudi Arabia
9.6.3.1 By Technology
9.6.3.2 By Hydrogen Pressure
9.6.3.3 By Type
9.6.3.4 By End-User
9.6.4 The UAE
9.6.4.1 By Technology
9.6.4.2 By Hydrogen Pressure
9.6.4.3 By Type
9.6.4.4 By End-User
9.6.5 Qatar
9.6.5.1 By Technology
9.6.5.2 By Hydrogen Pressure
9.6.5.3 By Type
9.6.5.4 By End-User
9.6.6 Oman
9.6.6.1 By Technology
9.6.6.2 By Hydrogen Pressure
9.6.6.3 By Type
9.6.6.4 By End-User
9.6.7 Turkey
9.6.7.1 By Technology
9.6.7.2 By Hydrogen Pressure
9.6.7.3 By Type
9.6.7.4 By End-User
9.6.8 The Rest of the Middle East
9.6.8.1 By Technology
9.6.8.2 By Hydrogen Pressure
9.6.8.3 By Type
9.6.8.4 By End-User
9.7 Africa
9.7.1 Economic Overview
9.7.2 Market Scenario
9.7.3 Nigeria
9.7.3.1 By Technology
9.7.3.2 By Hydrogen Pressure
9.7.3.3 By Type
9.7.3.4 By End-User
9.7.4 South Africa
9.7.4.1 By Technology
9.7.4.2 By Hydrogen Pressure
9.7.4.3 By Type
9.7.4.4 By End-User
9.7.5 The Rest of Africa
9.7.5.1 By Technology
9.7.5.2 By Hydrogen Pressure
9.7.5.3 By Type
9.7.5.4 By End-User
10 Competitive Landscape — Manufacturers and Suppliers
10.1 Competition Dashboard
10.2 Industry Structure
10.3 Ariel Corporation
10.3.1 Business Overview
10.3.2 Financial Performance
10.3.3 Recent Developments
10.3.4 Product Portfolio
10.4 Atlas Copco AB
10.4.1 Business Overview
10.4.2 Financial Performance
10.4.3 Recent Developments
10.4.4 Product Portfolio
10.5 Siemens Group
10.5.1 Business Overview
10.5.2 Financial Performance
10.5.3 Recent Developments
10.5.4 Product Portfolio
10.6 Linde PLC
10.6.1 Business Overview
10.6.2 Financial Performance
10.6.3 Recent Developments
10.6.4 Product Portfolio
10.7 Corken, Inc.
10.7.1 Business Overview
10.7.2 Financial Performance
10.7.3 Recent Developments
10.7.4 Product Portfolio
10.8 Gardner Denver
10.8.1 Business Overview
10.8.2 Financial Performance
10.8.3 Recent Developments
10.8.4 Product Portfolio
10.9 Hitachi Industrial Products, Ltd.
10.9.1 Business Overview
10.9.2 Financial Performance
10.9.3 Recent Developments
10.9.4 Product Portfolio
10.10 Burckhardt Compression AG
10.10.1Business Overview
10.10.2Financial Performance
10.10.3Recent Developments
10.10.4Product Portfolio
10.11 Hydro-Pac, Inc
10.11.1Business Overview
10.11.2Financial Performance
10.11.3Recent Developments
10.11.4Product Portfolio
10.12 HAUG Sauer Kompressoren AG
10.12.1Business Overview
10.12.2Financial Performance
10.12.3Recent Developments
10.12.4Product Portfolio
10.13 Kaishan Compressor USA, LLC
10.13.1Business Overview
10.13.2Financial Performance
10.13.3Recent Developments
10.13.4Product Portfolio
10.14 KAJI Technology Corporation
10.14.1Business Overview
10.14.2Financial Performance
10.14.3Recent Developments
10.14.4Product Portfolio
10.15 Kobe Steel, Ltd.
10.15.1Business Overview
10.15.2Financial Performance
10.15.3Recent Developments
10.15.4Product Portfolio
11 Conclusion and Recommendation
12 Acronyms and Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/hydrogen-compressor-market/toc
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