Hydrogen Compressors Market Size and Forecasts, Global and Regional Share, Trends, and Growth Opportunity Analysis By Type, Stage, End Users and Geography

List of Tables

The hydrogen compressors market was valued at US$ 1,765.40 million in 2022 and is projected to reach US$ 2,609.69 million by 2030; it is expected to grow at a CAGR of 5.0% during 2022-2030.

The oil & gas sector is rapidly expanding in several countries, such as China, the US, Saudi Arabia, Russia, and Mexico. The industry's growth is driven by increasing oil and gas exploration activities in these countries. There is a rising adoption of advanced technologies for drilling and completing operations to optimize oil and gas production. Governments of various countries are investing in the mining, refineries, and oil & gas sectors. According to the Indian Brand Equity Foundation Organization, the Indian government planned to invest US$ 2.86 billion in oil and gas exploration activities to increase domestic natural gas production in 2022. With rising favorable government support, numerous investments in oil and gas projects have been made. For instance, in August 2020, despite the impact of the COVID-19 pandemic, the Ministry of Petroleum and Natural Gas has resumed 8,363 oil and gas projects worth US$ 79.56 trillion in India, which, in turn, promotes the integration of hydrogen compressors for the oil and gas flow control.

There is a rise in investments in the oil & gas, coal extraction, and low-carbon fuel industries. Per the International Energy Agency (IEA), the net income of the world's leading oil and gas producers doubled in 2022, reaching US$ 4.0 trillion. In 2022, the key oil and gas companies invested US$ 200 billion in the capital investment responsible for boosting oil and gas capacity across the globe. The hydrogen compressor market is majorly related to the oil & gas industry, as hydrogen is majorly used in the oil refining process for petroleum products. The increase in investments in the oil & gas industry has created massive demand for hydrogen compressors as they are widely used for transportation and compression of hydrogen gas in the oil and gas refining process. Thus, growing investments in the development of the oil & gas sector are driving the global hydrogen compressor market growth.

North America held the second position in the market, accounting for a revenue share of ~26.7% in 2022, owing to an increase in hydrogen production with government support and investments. The US Department of Energy invested US$ 7.0 billion for launching the seven Clean Hydrogen Hubs in the US and to accelerate the commercial deployment of low-cost hydrogen production. Governments of various countries in North America are investing in "clean hydrogen production" programs. In 2022, the US government planned to invest in clean hydrogen projects by boosting production by 12.5 million metric tons with additional funding.

Europe holds the third position in the market, with a revenue share of approximately 24.6%. The demand for hydrogen compressors is driven by the growing requirement for hydrogen fuel cell vehicles as well as electric vehicles in the manufacturing industry. Also, increasing investments in hydrogen production with government support and initiatives are driving the market growth. Europe holds 30% of the proposed hydrogen investment globally. In May 2022, European organizations planned investment in hydrogen electrolyzers, which is expected to increase by tenfold in capacities by 2025. This annual EU country's production is expected to reach 10 million ton of renewable hydrogen by 2030.

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; and PDC Machines Inc are among the key hydrogen compressor market players profiled during this study. In addition, several other important hydrogen compressor market players have been studied and analyzed during the study to get a holistic view of the hydrogen compressor market and its ecosystem.

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Product Code: TIPRE00019472

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Hydrogen Compressor Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Hydrogen Compressor Suppliers

5. Hydrogen Compressor Market - Key Industry Dynamics

5.1 Hydrogen Compressor Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Increasing Number of Infrastructure Development Projects Globally
5.3 Market Drivers
- 5.3.1 Growing Adoption of Hydrogen Fuel Cell Vehicles
- 5.3.2 Increasing Investments across Oil & Gas Sector
- 5.3.3 Increasing Industrial Production Activities
5.4 Market Restraints
- 5.4.1 High Recurring Cost in Maintenance
5.5 Market Opportunities
- 5.5.1 Rising Investments in Renewable Energy and Hydrogen Generation Projects Worldwide
5.6 Future Trends
- 5.6.1 Development of Electrochemical Hydrogen Compressor (EHC)
5.7 Impact of Drivers and Restraints:

6. Hydrogen Compressor Market - Global Market Analysis

6.1 Hydrogen Compressor Market Revenue (US$ Million), 2022 - 2030
6.2 Hydrogen Compressor Market Forecast and Analysis

7. Hydrogen Compressor Market Analysis - Type

7.1 Oil-based
- 7.1.1 Overview
- 7.1.2 Oil-based Market Revenue, and Forecast to 2030 (US$ Million)
7.2 Oil-free
- 7.2.1 Overview
- 7.2.2 Oil-free Market Revenue, and Forecast to 2030 (US$ Million)

8. Hydrogen Compressor Market Analysis - Stage

8.1 Single Stage
- 8.1.1 Overview
- 8.1.2 Single Stage Market, Revenue and Forecast to 2030 (US$ Million)
- 8.1.3 Multi Stage
  - 8.1.3.1 Overview
  - 8.1.3.2 Multi Stage Market, Revenue and Forecast to 2030 (US$ Million)

9. Hydrogen Compressor Market Analysis - End-user

9.1 Chemicals
- 9.1.1 Overview
- 9.1.2 Chemicals Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Oil and Gas
- 9.2.1 Overview
- 9.2.2 Oil and Gas Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Automotive and Transportation
- 9.3.1 Overview
- 9.3.2 Automotive and Transportation Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Renewable Energy
- 9.4.1 Overview
- 9.4.2 Renewable Energy Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Refuelling Stations
- 9.5.1 Overview
- 9.5.2 Refuelling Station Market Revenue, and Forecast to 2030 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

10. Hydrogen Compressor Market - Geographical Analysis

10.1 Overview
10.2 North America
- 10.2.1 North America Hydrogen Compressor Market Overview
- 10.2.2 North America Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.3 North America Hydrogen Compressor Market Breakdown by Stage
  - 10.2.3.1 North America Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Type
- 10.2.4 North America Hydrogen Compressor Market Breakdown by Stage
  - 10.2.4.1 North America Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Stage
- 10.2.5 North America Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Country
  - 10.2.5.1 North America Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Country
  - 10.2.5.2 US Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.5.2.1 US Hydrogen Compressor Market Breakdown by Type
    - 10.2.5.2.2 US Hydrogen Compressor Market Breakdown by Stage
    - 10.2.5.2.3 US Hydrogen Compressor Market Breakdown by End-user
  - 10.2.5.3 Canada Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.5.3.1 Canada Hydrogen Compressor Market Breakdown by Type
    - 10.2.5.3.2 Canada Hydrogen Compressor Market Breakdown by Stage
    - 10.2.5.3.3 Canada Hydrogen Compressor Market Breakdown by End-user
  - 10.2.5.4 Mexico Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.5.4.1 Mexico Hydrogen Compressor Market Breakdown by Type
    - 10.2.5.4.2 Mexico Hydrogen Compressor Market Breakdown by Stage
    - 10.2.5.4.3 Mexico Hydrogen Compressor Market Breakdown by End-user
10.3 Europe
- 10.3.1 Europe Hydrogen Compressor Market Overview
- 10.3.2 Europe Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.3.3 Europe Hydrogen Compressor Market Breakdown by Type
  - 10.3.3.1 Europe Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Type
- 10.3.4 Europe Hydrogen Compressor Market Breakdown by Stage
  - 10.3.4.1 Europe Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Stage
  - 10.3.4.2 Europe Hydrogen Compressor Market Revenue and Forecasts and Analysis - By End-user
- 10.3.5 Europe Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Country
  - 10.3.5.1 Europe Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Country
  - 10.3.5.2 Germany Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.5.2.1 Germany Hydrogen Compressor Market Breakdown by Type
    - 10.3.5.2.2 Germany Hydrogen Compressor Market Breakdown by Stage
    - 10.3.5.2.3 Germany Hydrogen Compressor Market Breakdown by End-user
  - 10.3.5.3 France Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.5.3.1 France Hydrogen Compressor Market Breakdown by Type
    - 10.3.5.3.2 France Hydrogen Compressor Market Breakdown by Stage
    - 10.3.5.3.3 France Hydrogen Compressor Market Breakdown by End-user
  - 10.3.5.4 Italy Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.5.4.1 Italy Hydrogen Compressor Market Breakdown by Type
    - 10.3.5.4.2 Italy Hydrogen Compressor Market Breakdown by Stage
    - 10.3.5.4.3 Italy Hydrogen Compressor Market Breakdown by End-user
  - 10.3.5.5 UK Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.5.5.1 UK Hydrogen Compressor Market Breakdown by Type
    - 10.3.5.5.2 UK Hydrogen Compressor Market Breakdown by Stage
    - 10.3.5.5.3 UK Hydrogen Compressor Market Breakdown by End-user
  - 10.3.5.6 Russia Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.5.6.1 Russia Hydrogen Compressor Market Breakdown by Type
    - 10.3.5.6.1.1 Russia Hydrogen Compressor Market Breakdown by Stage
    - 10.3.5.6.1.2 Russia Hydrogen Compressor Market Breakdown by End-user
  - 10.3.5.7 Rest of Europe Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.3.5.7.1 Rest of Europe Hydrogen Compressor Market Breakdown by Type
    - 10.3.5.7.2 Rest of Europe Hydrogen Compressor Market Breakdown by Stage
    - 10.3.5.7.3 Rest of Europe Hydrogen Compressor Market Breakdown by End-user
10.4 Asia Pacific Hydrogen Compressor Market
- 10.4.1 Overview
- 10.4.2 Asia Pacific Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.4.3 Asia Pacific Hydrogen Compressor Market Breakdown by Type
  - 10.4.3.1 Asia Pacific Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Type
- 10.4.4 Asia Pacific Hydrogen Compressor Market Breakdown by Stage
  - 10.4.4.1 Asia Pacific Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Stage
- 10.4.5 Asia Pacific Hydrogen Compressor Market Breakdown by End-user
  - 10.4.5.1 Asia Pacific Hydrogen Compressor Market Revenue and Forecasts and Analysis - By End-user
- 10.4.6 Asia Pacific Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Country
  - 10.4.6.1 Asia Pacific Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Country
  - 10.4.6.2 Australia Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.2.1 Australia Hydrogen Compressor Market Breakdown by Type
    - 10.4.6.2.2 Australia Hydrogen Compressor Market Breakdown by Stage
    - 10.4.6.2.3 Australia Hydrogen Compressor Market Breakdown by End-user
  - 10.4.6.3 China Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.3.1 China Hydrogen Compressor Market Breakdown by Type
    - 10.4.6.3.2 China Hydrogen Compressor Market Breakdown by Stage
    - 10.4.6.3.3 China Hydrogen Compressor Market Breakdown by End-user
  - 10.4.6.4 India Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.4.1 India Hydrogen Compressor Market Breakdown by Type
    - 10.4.6.4.2 India Hydrogen Compressor Market Breakdown by Stage
    - 10.4.6.4.3 India Hydrogen Compressor Market Breakdown by End-user
  - 10.4.6.5 Japan Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.5.1 Japan Hydrogen Compressor Market Breakdown by Type
    - 10.4.6.5.2 Japan Hydrogen Compressor Market Breakdown by Stage
    - 10.4.6.5.3 Japan Hydrogen Compressor Market Breakdown by End-user
  - 10.4.6.6 South Korea Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.6.1 South Korea Hydrogen Compressor Market Breakdown by Type
    - 10.4.6.6.2 South Korea Hydrogen Compressor Market Breakdown by Stage
    - 10.4.6.6.3 South Korea Hydrogen Compressor Market Breakdown by End-user
  - 10.4.6.7 Rest of Asia Pacific Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.4.6.7.1 Rest of Asia Pacific Hydrogen Compressor Market Breakdown by Type
    - 10.4.6.7.2 Rest of Asia Pacific Hydrogen Compressor Market Breakdown by Stage
    - 10.4.6.7.3 Rest of Asia Pacific Hydrogen Compressor Market Breakdown by End-user
10.5 Middle East & Africa
- 10.5.1 Middle East & Africa Hydrogen Compressor Market Overview
- 10.5.2 Middle East & Africa Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.5.3 Middle East & Africa Hydrogen Compressor Market Breakdown by Type
  - 10.5.3.1 Middle East & Africa Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Type
- 10.5.4 Middle East & Africa Hydrogen Compressor Market Breakdown by Stage
  - 10.5.4.1 Middle East & Africa Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Stage
  - 10.5.4.2 Middle East & Africa Hydrogen Compressor Market Revenue and Forecasts and Analysis - By End-user
- 10.5.5 Middle East & Africa Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Country
  - 10.5.5.1 Middle East & Africa Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Country
  - 10.5.5.2 South Africa Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.5.5.2.1 South Africa Hydrogen Compressor Market Breakdown by Type
    - 10.5.5.2.2 South Africa Hydrogen Compressor Market Breakdown by Stage
    - 10.5.5.2.3 South Africa Hydrogen Compressor Market Breakdown by End-user
  - 10.5.5.3 Saudi Arabia Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.5.5.3.1 Saudi Arabia Hydrogen Compressor Market Breakdown by Type
    - 10.5.5.3.2 Saudi Arabia Hydrogen Compressor Market Breakdown by Stage
    - 10.5.5.3.3 Saudi Arabia Hydrogen Compressor Market Breakdown by End-user
  - 10.5.5.4 UAE Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.5.5.4.1 UAE Hydrogen Compressor Market Breakdown by Type
    - 10.5.5.4.2 UAE Hydrogen Compressor Market Breakdown by Stage
    - 10.5.5.4.3 UAE Hydrogen Compressor Market Breakdown by End-user
  - 10.5.5.5 Rest of MEA Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.5.5.5.1 Rest of MEA Hydrogen Compressor Market Breakdown by Type
    - 10.5.5.5.2 Rest of MEA Hydrogen Compressor Market Breakdown by Stage
    - 10.5.5.5.3 Rest of MEA Hydrogen Compressor Market Breakdown by End-user
10.6 South America
- 10.6.1 South America Hydrogen Compressor Market Overview
- 10.6.2 South America Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.6.3 South America Hydrogen Compressor Market Breakdown by Type
  - 10.6.3.1 South America Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Type
- 10.6.4 South America Hydrogen Compressor Market Breakdown by Stage
  - 10.6.4.1 South America Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Stage
- 10.6.5 South America Hydrogen Compressor Market Breakdown by End-user
  - 10.6.5.1 South America Hydrogen Compressor Market Revenue and Forecasts and Analysis - By End-user
- 10.6.6 South America Hydrogen Compressor Market Revenue and Forecasts and Analysis - By Countries
  - 10.6.6.1 Brazil Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.6.6.1.1 Brazil Hydrogen Compressor Market Breakdown by Type
    - 10.6.6.1.2 Brazil Hydrogen Compressor Market Breakdown by Stage
    - 10.6.6.1.3 Brazil Hydrogen Compressor Market Breakdown by End-user
  - 10.6.6.2 Argentina Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.6.6.2.1 Argentina Hydrogen Compressor Market Breakdown by Type
    - 10.6.6.2.2 Argentina Hydrogen Compressor Market Breakdown by Stage
    - 10.6.6.2.3 Argentina Hydrogen Compressor Market Breakdown by End-user
  - 10.6.6.3 Rest of SAM Hydrogen Compressor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.6.6.3.1 Rest of SAM Hydrogen Compressor Market Breakdown by Type
    - 10.6.6.3.2 Rest of SAM Hydrogen Compressor Market Breakdown by Stage
    - 10.6.6.3.3 Rest of SAM Hydrogen Compressor Market Breakdown by End-user

11. Hydrogen Compressor Market - Impact of COVID-19 Pandemic

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers & Acquisitions

14. Company Profiles

14.1 Atlas Copco AB
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Burckhardt Compression AG
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Fluitron, Inc.
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Gardner Denver Nash, LLC
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Howden Group
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 HAUG Sauer Kompressoren AG
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 NEUMAN & ESSER GROUP
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
  - 14.7.4.1 SWOT Analysis
- 14.7.5 Key Developments
14.8 Hydro-Pac, Inc.
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Lenhardt & Wagner GmbH
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 PDC Machines Inc.
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 Word Index