Hydrogen Compressor Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

A hydrogen compressor reduces the volume of hydrogen gas to increase the pressure, resulting in compressed hydrogen or liquid hydrogen. Positive displacement or centrifugal compressors are the most common kind of compressors used to compress gaseous hydrogen. The oil-based hydrogen compressor exhibits various advantages in several end-user industries.

Factors such as the increase in demand for hydrogen from end-user industries, such as fertilizers and oil refineries, and the increasing deployment of hydrogen infrastructure globally for transportation are likely to drive the hydrogen compressor market during the forecast period. However, the slowdown in industrial and economic activities due to a sharp decline in manufacturing activity and global trade, with higher tariffs and prolonged trade policy uncertainty, is expected to negatively impact the market size of hydrogen compressors.

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According to UnivDatos Market Insights (UMI)’ research report “global Hydrogen Compressor”, the market is expected to grow at a CAGR of around 5% during the forecast period (2021-2027). Due to the mounting urbanization and industrial growth, energy consumption has risen manifolds. Thus, to meet the soaring demand for power, the development of sub-transmission and intrastate transmission networks is expanding. The escalating demand for energy & power, owing to rising household incomes and increasing manufacturing and heavy industries, is boosting the deployment of hydrogen compressors.

Moreover, the use of hydrogen in refineries for processing refined fuels, removing contaminants, and other purposes are growing rapidly. It is widely used in the chemical, oil & refining, and utility industries. Hence, the market demand for hydrogen compressors is expected to grow in the forecasted period.

Based on Type, the hydrogen compressor market is bifurcated into oil-based and oil-free. The oil-based segment catered to significant demand in the hydrogen compressor market. It is mainly owing to their lower cost, longer life, and efficiency, thus, considered ideal for operations in various industries.

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Based on technology, the hydrogen compressor market is classified into single-stage and multi-stage. The multi-stage segment holds a considerable market share in the hydrogen compressor market. A multi-stage compressor ensures low leakage loss, provides uniform torque and is suitable for heavy tasks.

The Asia Pacific to witness the robust growth

Based on region, the report provides a detailed analysis of the overall adoption of hydrogen compressors in major regions including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of World. Asia Pacific caters significant share in the hydrogen compressor market. It is mainly due to the favorable government policies in countries such as China, India, and Japan. In addition, growing investment in ethylene and benzene to increase its production capacity would escalate the demand for hydrogen compressors.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Hydrogen Compressor market are Atlas Copco AB, Burckhardt Compression AG, Fluitron, Inc., Gardner Denver Nash, LLC, Howden Group, HAUG Sauer Kompressoren AG, NEUMAN & ESSER GROUP, Hydro-Pac, Inc., Lenhardt & Wagner GmbH, PDC Machines Inc. Several strategic decisions have been undertaken by these players to boost their presence in different regions. For instance:

• In February 2020, Burckhardt Compression signed an agreement with GRZ Technologies, for renewable energy from EPFL Lausanne Switzerland, to develop new hydrogen compression technology in the coming years

“Global Hydrogen Compressor Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1. By Type (Oil-Based and Oil-Free)
2. By Technology (Single-Stage and Multi-Stage)
3. By End-User (Chemical, Oil & Gas, and Others)
4. By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
5. By Company (Atlas Copco AB, Burckhardt Compression AG, Fluitron, Inc., Gardner Denver Nash, LLC, Howden Group, HAUG Sauer Kompressoren AG, NEUMAN & ESSER GROUP, Hydro-Pac, Inc., Lenhardt & Wagner GmbH, PDC Machines Inc)

Key questions answered in the study:

1. What are the current and future trends of the global hydrogen compressor industry?
2. How the industry has been evolving in terms of type, technology, and end-user?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global hydrogen compressor industry?
5. What is the customer orientation, purchase behavior, and expectations from the global Hydrogen compressor suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL HYDROGEN COMPRESSOR MARKET COVID-19 IMPACT

6 GLOBAL HYDROGEN COMPRESSOR MARKET REVENUE 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY TECHNOLOGY

9 MARKET INSIGHTS BY END-USER

10 MARKET INSIGHTS BY REGION

11 HYDROGEN COMPRESSOR MARKET DYNAMICS

12 HYDROGEN COMPRESSOR MARKET OPPORTUNITIES

13 HYDROGEN COMPRESSOR MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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