South & Central America Hydrogen Compressor Market Report 2017-2035 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The South and Central America Hydrogen Compressor Market is projected to grow significantly, reaching an estimated US$ 112.22 million by 2031, up from US$ 55.22 million in 2023. This growth represents a compound annual growth rate (CAGR) of 6.3% from 2024 to 2035.

Executive Summary and Market Analysis

The expansion of the hydrogen compressor market in South America is primarily driven by ongoing industrialization and increased government investments in the energy, oil, and gas sectors. The rapid pace of industrial growth and urbanization has created a pressing need for clean energy infrastructure, leading to the establishment of hydrogen production facilities and a corresponding rise in the demand for hydrogen compressors in the region. The green hydrogen sector has emerged as a vital component of the energy landscape in South America, fueled by heightened awareness of climate change, the necessity for sustainable energy sources, and supportive government policies that promote renewable energy initiatives.

South America is strategically positioned to contribute significantly to the global energy transition by developing green hydrogen, leveraging its abundant renewable energy resources. Collaborative efforts between governments and private companies are essential for advancing the green hydrogen sector. For example, in March 2023, Acciona, a Spanish engineering firm, and Nordex, a German company, announced a partnership to develop green hydrogen projects over the next decade in the US, South America, and Africa. Their joint venture aims to construct projects with a manufacturing capacity of 500,000 tonnes of green hydrogen annually by 2027. Such initiatives are expected to drive the growth of the hydrogen compressor market in South America in the coming years.

Market Segmentation Analysis

The hydrogen compressor market can be segmented based on type, technology, and end-user.

By Type: The market is divided into lubricated and oil-free compressors, with lubricated compressors holding a larger market share in 2023.
By Technology: The market is categorized into reciprocating hydrogen compressors, diaphragm hydrogen compressors, non-mechanical hydrogen compressors, and others. In 2023, reciprocating hydrogen compressors dominated the market.
By End User: The end-user segments include power plants, oil and gas, food and beverages, petrochemical and chemical industries, hydrogen fueling stations, hydrogen storage (Tube Trailers), and others. The petrochemical and chemical sectors accounted for the largest share in 2023.

Market Outlook

The demand for energy has surged due to rapid urbanization and industrial development, necessitating the expansion of sub-transmission and intrastate transmission networks. This growth in power transmission projects correlates with an increased deployment of hydrogen compressors. Renewable energy is becoming increasingly vital in electricity generation to meet the rising energy demand. According to the International Energy Agency (IEA), global electricity demand is expected to grow at an annual rate of 2.1% through 2040.

The global energy demand reached approximately 13,393 TWh in the first quarter of 2022, reflecting a rise from 13,004 TWh in 2021. This increase in energy consumption, driven by both residential and industrial needs, is propelling the demand for hydrogen compressors. The renewable energy sector is witnessing significant investments, with global investments reaching US$ 358 billion in the first half of 2023, marking a 22% increase compared to the previous year. Venture capital and private equity firms are also expanding their investments in renewable energy, totaling US$ 10.4 billion in the first quarter of 2023. Furthermore, over 680 large-scale hydrogen production projects have been announced globally, with investments projected to reach US$ 700 billion by 2030 to meet net-zero targets.

Country Insights

The South and Central America Hydrogen Compressor Market includes key countries such as Brazil, Argentina, Colombia, and the Rest of South America, with the latter holding the largest market share in 2023. Countries like Chile, Peru, and Uruguay are significant players in the region, showcasing high potential for renewable energy and green hydrogen production. The IEA highlights that South America has substantial low-carbon hydrogen potential, with nations like Chile and Uruguay actively developing national hydrogen policies.

Chile aims for carbon neutrality by 2050 and plans to phase out its coal-fired power plants by 2040, enhancing its energy matrix's cleanliness. The country is also implementing its National Green Hydrogen Strategy, launched in 2020, which aims to export a significant portion of its green hydrogen output. Uruguay has initiated the Green Hydrogen Sector Fund, providing US$ 10 million in government funding to support green hydrogen projects. These government initiatives are expected to significantly boost the demand for hydrogen compressors in the region.

Company Profiles

Key players in the South and Central America Hydrogen Compressor Market include 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., Sundyne, and Ariel Corporation. These companies are pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and offer innovative solutions to consumers.

Product Code: TIPRE00023347

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. South & Central America Hydrogen Compressors Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Hydrogen Compressor Suppliers
4.4 Marketing Channel, Distributors, and Customers
- 4.4.1 Marketing Channel
- 4.4.2 List of Hydrogen Compressor Distributors
- 4.4.3 List of Hydrogen Compressor Customers
- 4.4.4 Price Analysis

5. South & Central America Hydrogen Compressors Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Adoption of Hydrogen Fuel Cell Vehicles
- 5.1.2 Increasing Investments across Oil & Gas Sector
- 5.1.3 Increasing Industrial Production Activities
5.2 Market Restraints
- 5.2.1 High Recurring Cost in Maintenance
5.3 Market Opportunities
- 5.3.1 Rising Investments in Renewable Energy and Hydrogen Generation Projects Worldwide
5.4 Future Trends
- 5.4.1 Development of Electrochemical Hydrogen Compressor (EHC)
- 5.4.2 Increasing Shift Toward Green Hydrogen
5.5 Impact of Drivers and Restraints:

6. Hydrogen Compressors Market - South & Central America Market Analysis

6.1 South & Central America Hydrogen Compressors Market Revenue (US$ Million), 2017-2035
6.2 South & Central America Hydrogen Compressors Market Forecast Analysis

7. South & Central America Hydrogen Compressors Market Analysis - by Type

7.1 Lubricated
- 7.1.1 Overview
- 7.1.2 Lubricated: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
7.2 Oil-free
- 7.2.1 Overview
- 7.2.2 Oil-free: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)

8. South & Central America Hydrogen Compressors Market Analysis - by Technology

8.1 Reciprocating Hydrogen Compressors
- 8.1.1 Overview
- 8.1.2 Reciprocating Hydrogen Compressors: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
8.2 Diaphragm Hydrogen Compressors
- 8.2.1 Overview
- 8.2.2 Diaphragm Hydrogen Compressors: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
8.3 Non-Mechanical Hydrogen Compressor
- 8.3.1 Overview
- 8.3.2 Non-Mechanical Hydrogen Compressor: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
8.4 Others
- 8.4.1 Overview
- 8.4.2 Others: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)

9. South & Central America Hydrogen Compressors Market Analysis - by End-user

9.1 Power Plants
- 9.1.1 Overview
- 9.1.2 Power Plants: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
9.2 Oil and Gas
- 9.2.1 Overview
- 9.2.2 Oil and Gas: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
9.3 Food and Beverages
- 9.3.1 Overview
- 9.3.2 Food and Beverages: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
9.4 Petrochemical and Chemical
- 9.4.1 Overview
- 9.4.2 Petrochemical and Chemical: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
9.5 Hydrogen Fueling Station
- 9.5.1 Overview
- 9.5.2 Hydrogen Fueling Station: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
9.6 Hydrogen Storage (Tube Trailers)
- 9.6.1 Overview
- 9.6.2 Hydrogen Storage (Tube Trailers): South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
9.7 Others
- 9.7.1 Overview
- 9.7.2 Others: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)

10. South & Central America Hydrogen Compressors Market - Country Analysis

10.1 South & Central America
- 10.1.1 South & Central America Hydrogen Compressors Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.1 South & Central America Hydrogen Compressors Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 Brazil: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
    - 10.1.1.2.1 Brazil: South & Central America Hydrogen Compressors Market Share - by Type
    - 10.1.1.2.2 Brazil: South & Central America Hydrogen Compressors Market Share - by Technology
    - 10.1.1.2.3 Brazil: South & Central America Hydrogen Compressors Market Share - by End-user
  - 10.1.1.3 Argentina: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
    - 10.1.1.3.1 Argentina: South & Central America Hydrogen Compressors Market Share - by Type
    - 10.1.1.3.2 Argentina: South & Central America Hydrogen Compressors Market Share - by Technology
    - 10.1.1.3.3 Argentina: South & Central America Hydrogen Compressors Market Share - by End-user
  - 10.1.1.4 Colombia: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
    - 10.1.1.4.1 Colombia: South & Central America Hydrogen Compressors Market Share - by Type
    - 10.1.1.4.2 Colombia: South & Central America Hydrogen Compressors Market Share - by Technology
    - 10.1.1.4.3 Colombia: South & Central America Hydrogen Compressors Market Share - by End-user
  - 10.1.1.5 Rest of South & Central America: South & Central America Hydrogen Compressors Market - Revenue and Forecast, 2017-2035 (US$ Million)
    - 10.1.1.5.1 Rest of South & Central America: South & Central America Hydrogen Compressors Market Share - by Type
    - 10.1.1.5.2 Rest of South & Central America: South & Central America Hydrogen Compressors Market Share - by Technology
    - 10.1.1.5.3 Rest of South & Central America: South & Central America Hydrogen Compressors Market Share - by End-user

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Atlas Copco AB
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Burckhardt Compression AG
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Fluitron, Inc.
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Gardner Denver Nash, LLC
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Howden Group
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 HAUG Sauer Kompressoren AG
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 NEUMAN & ESSER GROUP
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Hydro-Pac, Inc.
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Lenhardt & Wagner GmbH
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 PDC Machines Inc.
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
13.11 Sundyne
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
13.12 Ariel Corporation
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
- 13.12.6 Key Developments

14. Appendix

14.1 About The Insight Partners