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Hydrogen Compressor Market By Technology (Single-Stage, Multi Stage), By Type (Oil-based, Oil-free), By End User (Oil and Gas, Chemical, Utility Industry, Others) – Growth, Future Prospects, and Competitive Landscape, 2019 -2027

Name: Hydrogen Compressor Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2019-10-10
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Hydrogen Compressor Market

Summary
Table Of Content
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The increasing number of hydrogen fueling stations and growing oil & gas refineries across the globe are the key factors driving the demand for hydrogen Compressors.

The global hydrogen compressor market is poised to reach US$ 3.09 Bn by 2027, expanding at a CAGR of 6.8% during the forecast period from 2019 to 2027. An increase in the number of hydrogen gas pipelines, innovations in automotive industries, government policies for clean fuel, and growing demand for hydrogen fueling stations are the major factors driving demand for hydrogen Compressors worldwide. However, higher initial costs, frequent maintenance, and dynamic price for raw materials are the major challenges faced by the hydrogen compressor market.

Market Synopsis

Increasing demand for Hydrogen in the Transportation sector is going to drive the market.

Hydrogen fuel cells are considered one of the most emerging technology in the automotive segment, which is expected to create ample opportunities for the hydrogen Compressor market. However, few manufacturers like Hitachi Ltd. and Howden Joinery Group PLC have started developing this technology to cater to this emerging market. In recent years, hydrogen fueling stations are expected to be the major drivers boosting the use of hydrogen Compressors. As a result, the United Kingdom is investing more in building distribution infrastructures for hydrogen fuel stations. Out of 327 operational stations worldwide, around 139 stations are based in Europe, 118 in the Asia Pacific, 68 in North America, and one in South America and Australia.

In 2018, according to International Energy Agency (IEA), there were around 12,900 units of fuel cell vehicles and 376 hydrogen fueling stations (HFS) globally. Europe holds 172 HFS, followed by the Asia Pacific with 132 HFS, North America with 70 HFS, and the Rest of the World with 2 HFS.

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The Asia Pacific to Dominate, North America to Witness Strong Growth

The Asia Pacific is expected to be the growing market for hydrogen fuel cells due to government policies and regulations over automotive sectors in countries like China, Japan, and India. For example, in 2015, the Japanese government invested around USD 460 million in the development of hydrogen stations. As a result, the hydrogen Compressor market is expected to experience tremendous demand for petrochemicals and hydrogen fuel cell vehicle industries. Furthermore, in India, manufacturers are coming up with hydrogen fuel cell technology in automotive segments such as buses and cars, which are expected to create new opportunities for the hydrogen Compressor market. Moreover, the number of automotive, construction and SMEs in the Asia Pacific region is expected to drive the APAC hydrogen Compressor market.

North America is to witness strong growth in hydrogen Compressors due to its wide variety of applications in industries such as construction, mining, chemicals, and food processing.

Key Players & Competitive Landscape:

Some of the leading manufacturers profiled in the study include Hydro-Pac Inc., Howden Group, Ariel Corporation, Corken Compressor, Atlas Copco AB, Burckhardt Compression AG, HAUG Sauer Kompressoren AG, Gardner Denver, and Hitachi Ltd.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The research study on the hydrogen compressor market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. In addition, the report provides an all-around view of the global hydrogen compressor market based on its technology, type, end-user, and geography. Key segments covered in the report are as follows:

1. Preface
1.1. Report Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global HC Market Snapshot
2.1.1. Global HC Market by Technology, 2018 (US$ Bn)
2.1.2. Global HC Market by Type, 2018 (US$ Bn)
2.1.3. Global HC Market by End User, 2018 (US$ Bn)
2.1.4. Global HC Market by Geography, 2018(US$ Bn)

3. Global Hydrogen Compressor (HC) Market Dynamics
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Impact Analysis of Drivers and Challenges
3.5. Competitive Landscape
3.5.1. Market Positioning of Leading HC manufacturers, 2018
3.5.2. Strategies Adopted by Leading HC manufacturers

4. Global Hydrogen Compressor (HC) Market Size (US$ Bn), By Technology, 2017 – 2027
4.1. Overview
4.1.1. HC Market Analysis by Technology, 2018 & 2027
4.1.1.1. Single-stage
4.1.1.2. Multi-stage

5. Global Hydrogen Compressor (HC) Market Size (US$ Bn), By Type, 2017 – 2027
5.1. Overview
5.1.1. HC Market Analysis by Type, 2018 & 2027
5.2. Oil-based
5.3. Oil-free

6. Global Hydrogen Compressor (HC) Market Size (US$ Bn), By End User, 2017 – 2027
6.1. Overview
6.1.1. HC Market Analysis by End User, 2018 & 2027
6.2. Oil and Gas
6.3. Chemical Industries
6.4. Utility Industries
6.5. Other Industries

7. Global Hydrogen Compressor (HC) Market Size (US$ Bn), By Geography, 2017 – 2027
7.1. North America
7.2. Europe
7.3. Asia Pacific
7.4. Rest of World

8. North America Hydrogen Compressor (HC) Market Analysis, 2017 – 2027
8.1. Overview
8.2. North America HC Market Size (US$ Bn), By Technology, 2017 – 2027
8.2.1. Single-stage
8.2.2. Multi-stage
8.3. North America HC Market Size (US$ Bn), By Type, 2017 – 2027
8.3.1. Oil-based
8.3.2. Oil-free
8.4. North America HC Market Size (US$ Bn), By End User, 2017 – 2027
8.4.1. Oil and Gas
8.4.2. Chemical Industries
8.4.3. Utility Industries
8.4.4. Other Industries
8.5. North America HC Market Size (US$ Bn), By Country, 2017 – 2027
9.6.1. U.S.
9.6.2. Rest of North America

9. Europe Hydrogen Compressor (HC) Market Analysis, 2017 – 2027
9.1. Overview
9.2. Europe HC Market Size (US$ Bn), By Technology, 2017 – 2027
9.2.1. Single-stage
9.2.2. Multi-stage
9.3. Europe HC Market Size (US$ Bn), By Type, 2017 – 2027
9.3.1. Oil-based
9.3.2. Oil-free
9.4. Europe HC Market Size (US$ Bn), By End User, 2017 – 2027
9.4.1. Oil and Gas
9.4.2. Chemical Industries
9.4.3. Utility Industries
9.4.4. Other Industries
9.5. Europe HC Market Size (US$ Bn), By Country, 2017 – 2027
9.5.1. U.K.
9.5.2. Germany
9.5.3. France
9.5.4. Rest of Europe

10. Asia Pacific Hydrogen Compressor (HC) Market Analysis , 2017 – 2027
10.1. Overview
10.2. Asia Pacific HC Market Size (US$ Bn), By Technology, 2017 – 2027
10.2.1. Single-stage
10.2.2. Multi-stage
10.3. Asia Pacific HC Market Size (US$ Bn), By Type, 2017 – 2027
10.3.1. Oil-based
10.3.2. Oil-free
10.4. Asia Pacific HC Market Size (US$ Bn), By End User, 2017 – 2027
10.4.1. Oil and Gas
10.4.2. Chemical Industries
10.4.3. Utility Industries
10.4.4. Other Industries
10.5. Asia Pacific HC Market Size (US$ Bn), By Country, 2017 – 2027
10.5.1. China
10.5.2. India
10.5.3. Japan
10.5.4. Rest of Asia Pacific

11. Rest of the World Hydrogen Compressor (HC) Market Analysis , 2017 – 2027
11.1. Overview
11.2. Rest of the World HC Market Size (US$ Bn), By Technology, 2017 – 2027
11.2.1. Single-stage
11.2.2. Multi-stage
11.3. Rest of the World HC Market Size (US$ Bn), By Type, 2017 – 2027
11.3.1. Oil-based
11.3.2. Oil-free
11.4. Rest of the World HC Market Size (US$ Bn), By End User, 2017 – 2027
11.4.1. Oil and Gas
11.4.2. Chemical Industries
11.4.3. Utility Industries
11.4.4. Other Industries
11.5. Rest of the World HC Market Size (US$ Bn), By Country, 2017 – 2027
11.5.1. Latin America
11.5.2. Middle East & Africa

12. Company Profiles
12.1. Competitive Dashboard
12.1.1. Hydro-Pac Inc.
12.1.2. Howden Group
12.1.3. Ariel Corporation
12.1.4. Corken Compressor
12.1.5. Atlas Copco AB
12.1.6. Burckhardt Compression AG
12.1.7. HAUG Sauer Kompressoren AG
12.1.8. Gardner Denver
12.1.9. Hitachi Ltd.

List of Figures

FIG. 1 Global Hydrogen Compressor (HC): Market Segmentation
FIG. 2 Global HC Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global HC Market, By Technology, 2018 (US$ Bn)
FIG. 5 Global HC Market, By Type, 2018 (US$ Bn)
FIG. 6 Global HC Market, By End User, 2018 (US$ Bn)
FIG. 7 Global HC Market, By Geography, 2018 (US$ Bn)
FIG. 8 Global HC Market Value and Growth, 2017 – 2027, (US$ Bn and % Y-o-Y)
FIG. 9 See-Saw Analysis : Global HC Market
FIG. 10 Market Positioning of Leading HC Manufacturers, 2018
FIG. 11 Global HC Market Value Contribution, By Technology, 2018 & 2027 (Value %)
FIG. 12 Global Single-stage Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 13 Global Multi-stage Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 14 Global HC Market Value Contribution, By Type, 2018 & 2027 (Value%)
FIG. 15 Global Oil-based Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 16 Global Oil-free Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 17 Global HC Market Value Contribution, By End User, 2018 & 2027, (Value %)
FIG. 18 Global Oil and Gas Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 19 Global Chemical Industries Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 20 Global Utility Industries Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 21 Global Other Industries Market Value and Growth, 2017 – 2027, (US$ Bn)
FIG. 22 North America HC Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 23 Europe HC Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 24 Asia Pacific HC Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 25 RoW HC Market Value and Growth, 2019 – 2027, (US$ Bn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Hydrogen Compressor (HC) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 5 North America HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 6 North America HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 7 North America HC Market Value, By Country for HC, 2017 – 2027 (US$ Bn)
TABLE 8 U.S. HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 9 U.S. HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 10 U.S. HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 11 U.S. HC Market Value, By Country for HC, 2017 – 2027 (US$ Bn)
TABLE 12 Rest of North America HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 13 Rest of North America HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 14 Rest of North America HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 15 Rest of North America HC Market Value, By Country for HC, 2017 – 2027 (US$ Bn)
TABLE 16 Europe HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 17 Europe HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 18 Europe HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 19 Europe HC Market Value, By Country for HC, 2017 – 2027 (US$ Bn)
TABLE 20 U.K. HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 21 U.K. HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 22 U.K. HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 23 France HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 24 France HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 25 France HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 26 Germany HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 27 Germany HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 28 Germany HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 29 Rest of Europe HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 30 Rest of Europe HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 31 Rest of Europe HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 32 Asia Pacific HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 33 Asia Pacific HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 34 Asia Pacific HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 35 Asia Pacific HC Market Value, By Country for HC, 2017 – 2027 (US$ Bn)
TABLE 36 China HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 37 China HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 38 China HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 39 Japan HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 40 Japan HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 41 Japan HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 42 India HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 43 India HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 44 India HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 45 Rest of Asia Pacific HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 46 Rest of Asia Pacifc HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 47 Rest of Asia Pacific HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 48 Rest of World HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 49 Rest of World HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 50 Rest of World HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 51 Rest of World HC Market Value, By Region for HC, 2017 – 2027 (US$ Bn)
TABLE 52 Latin America HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 53 Latin America HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 54 Latin America HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)
TABLE 55 Middle-East and Africa HC Market Value, By Technology for HC, 2017 – 2027 (US$ Bn)
TABLE 56 Middle-East and Africa HC Market Value, By Type for HC, 2017 – 2027 (US$ Bn)
TABLE 57 Middle-East and Africa HC Market Value, By End User for HC, 2017 – 2027 (US$ Bn)

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Frequently Asked Questions

What is the size of Hydrogen Compressor Market?

The market for Hydrogen Compressor Market is expected to reach US$ 3.09 Bn by 2027.

What is the Hydrogen Compressor Market CAGR?

The Hydrogen Compressor Market is expected to see significant CAGR growth over the coming years, at 6.8%.

What is the Forecast period considered for Hydrogen Compressor Market?

The report is forecasted from 2019-2027.

What is the base year considered for Hydrogen Compressor Market?

The base year of this report is 2018.

Who are the major players in this market?

Competitive Dashboard are some of the major players in the global market.

About Author

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

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