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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

Increasing in number of hydrogen fueling stations, and growing oil & gas refineries across the globe are the key factors driving the demand for hydrogen Compressor

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. Increase in number of hydrogen gas pipelines, innovations in automotive industries, government policies for clean fuel, and growing demand for hydrogen fueling stations are identified as the major factors driving demand for hydrogen Compressor worldwide. However, higher initial cost, frequent maintenance, and dynamic price for raw materials are the major challenges faced by hydrogen compressor market. 

Market Synopsis

Hydrogen Compressor Market 

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

Hydrogen fuel cells are considered to be one of the most emerging technology in automotive segment which is expected to create ample opportunities for hydrogen Compressor market. Few manufacturers like Hitachi Ltd. and Howden Joinery Group PLC have started developing this technology in order to cater this emerging market. In the recent years, the hydrogen fueling stations are expected to be the major drivers boosting the use of hydrogen Compressor. 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 stations in Asia Pacific, 68 stations in North America, and one each in South America and Australia.

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

Hydrogen Compressor Market

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Asia Pacific to Dominate, North America to Witness Strong Growth

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

North America to witness a strong growth in hydrogen Compressor, due to its wide variety of application in industries such as construction, mining, chemicals, and food processing units.

Hydrogen Compressor Market

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Key Players & Competitive Landscape:

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

Hydrogen Compressor Market

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

Report Scope by Segments

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

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Technology Segment (2017–2027; US$ Bn)
 • Single Stage
 • Multi Stage

 Type Segment (2017–2027; US$ Bn)
 • Oil based
 • Oil free

 End User Segment (2017–2027; US$ Bn)
 • Oil and Gas
 • Chemical Industries
 • Utility Industries

Geography Segment (2017–2027; US$ Bn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What was the global market size for hydrogen Compressor market in 2017 & 2018?
  • What is estimated forecast and market projections up to 2027?
  • Which is largest regional hydrogen Compressor market?
  • Which end-use vertical has the largest penetration of hydrogen Compressor and related facilities?
  • Which are the predominant trends shaping the global hydrogen Compressor market?
  • Which is the most promising, attractive, and less-explored end-use segment in the global hydrogen Compressor market?
  • Who are the leading manufacturers in the global hydrogen Compressor market?
  • What are the premiere strategies adopted by the leading players in the global hydrogen Compressor market?
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Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Oct 2019
Category:  Energy
Report ID:   59986
Report Format:   PDF
Pages:   120
Rating:    4.1 (66)
Delivery Time: 24 Hours to 48 Hours   
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