Global Hydrogen Compressor Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Hydrogen Compressor Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Mechanical Compressors, Non-Mechanical Compressors, Reciprocating and Centrifugal), By Lubrication Type (Oil-based and Oil-free), By Design (Single-stage and Multi-Stage), By End User (Oil and Gas, Petrochemical & Chemical, Automotive, Power Plants, Pharmaceuticals, Hydrogen Refuelling Station and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Hydrogen Compressor Market was valued at USD 2,540.7 million in 2023 and is expected to reach USD 3,782.4 million by 2031 while growing at a CAGR of 5.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyse various driving and restraining factors that are expected to have a significant impact on the global hydrogen compressor market growth. A hydrogen compressor boosts hydrogen gas pressure and is vital in hydrogen infrastructure for transportation, storage, and utilization at higher pressures.
The hydrogen compressor market is growing due to the rising emphasis on hydrogen as a clean energy source and advancements in compressor tech. Yet, high initial costs and safety concerns may impede further expansion.
Furthermore, global hydrogen compressor market industry will be analysed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Lubrication Type
The Global Hydrogen Compressor Market is segmented among Oil-based and Oil-free. In 2023, Oil-free accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Type Analysis
The Global Hydrogen Compressor Market is segmented among Mechanical Compressors, Non-Mechanical Compressors, Reciprocating and Centrifugal. In 2023, Mechanical Compressors accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Hydrogen Compressor Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Ingersoll Rand Inc., Burckhardt Compression Holding AG, Fluitron Inc., NEL ASA, ARIEL CORPORATION, Hitachi Ltd., IDEX CORPORATION, ATLAS COPCO AB, HAUG SAUER KOMPRESSOREN AG and Chart Industries, Inc.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Hydrogen Compressor Market Dynamics
Drivers
Restraints
Opportunity
4. Global Hydrogen Compressor Market Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Hydrogen Compressor Market Segmentation, By Type
Global Hydrogen Compressor Market Share Analysis, By Type
Global Hydrogen Compressor Market Growth Analysis, By Type
Global Hydrogen Compressor Market Trends, By Type
o Mechanical Compressors
o Non-Mechanical Compressors
o Reciprocating and Centrifugal
6. Global Hydrogen Compressor Market Segmentation, By Lubrication Type
Global Hydrogen Compressor Market Share Analysis, By Lubrication Type
Global Hydrogen Compressor Market Growth Analysis, By Lubrication Type
Global Hydrogen Compressor Market Trends, By Lubrication Type
o Oil-based
o Oil-free
7. Global Hydrogen Compressor Market Segmentation, By Design
Global Hydrogen Compressor Market Share Analysis, By Design
Global Hydrogen Compressor Market Growth Analysis, By Design
Global Hydrogen Compressor Market Trends, By Design
o Single-stage
o Multi-Stage
8. Global Hydrogen Compressor Market Segmentation, By End User
Global Hydrogen Compressor Market Share Analysis, By End User
Global Hydrogen Compressor Market Growth Analysis, By End User
Global Hydrogen Compressor Market Trends, By End User
o Oil and Gas
o Petrochemical & Chemical
o Automotive
o Power Plants
o Pharmaceuticals
o Hydrogen Refuelling Station
o Others
9. Global Hydrogen Compressor Market Segmentation, By Region
Global Hydrogen Compressor Market Share Analysis, By Region
Global Hydrogen Compressor Market Growth Analysis, By Region
Global Hydrogen Compressor Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
10. Competitive Landscape
Ingersoll Rand Inc *
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Burckhardt Compression Holding AG
Fluitron Inc
NEL ASA
ARIEL CORPORATION
Hitachi Ltd
IDEX CORPORATION
ATLAS COPCO AB
HAUG SAUER KOMPRESSOREN AG
Chart Industries, Inc
*Similar analysis will be provided for each company listed above.
