Global Hydrogen Compressor Market, By Technology, By Specification, By Product Type, By End-user, By Region, Competition Forecast & Opportunities, 2027

Description

The global hydrogen compressor market is expected to witness a growth at a steady CAGR in the forecast period, 2023-2027. Factors such as the ongoing construction of hydrogen infrastructure pipelines and the rise in hydrogen consumption from the end-user industries are driving the demand for the global hydrogen compressor market. Also, the surge in demand for oil-based compressors due to their ability to offer several advantages over oil-free compressors, including their higher efficiency, is expected to influence the market demand positively. The risk of early wear and tear of hydrogen compressor components and high maintenance and purchasing costs of hydrogen compressors may hinder the market growth in the coming years.

The global hydrogen compressor market is segmented into technology, specification, product type, end user, regional distribution, and competitive landscape. Based on regional analysis, Asia-Pacific dominates the market and is expected to maintain its dominance by 2027. Government policies to promote the adoption of environment-friendly energy sources are primarily driving the market demand in the region. Furthermore, the rise in popularity of hydrogen fuel cell vehicles due to growing awareness about the adverse effect of carbon emissions on the environment is expected to influence the market demand in the coming years.

The major players operating in the global hydrogen compressor market are Ariel Corporation, Burckhardt Compression AG, Corken Inc, Howden Group Ltd, Atlas Copco Group, Colfax Corporation, Hitachi Limited, HAUG Sauer Kompressoren AG, IDEX Corporation, Siemens AG, and others.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

To analyze historical growth in market size of global hydrogen compressor market from 2017 to 2021.
To estimate and forecast the market size of global hydrogen compressor market from 2022E to 2027F and growth rate until 2027F.
To classify and forecast global hydrogen compressor market based on technology, specification, product type, region, and company.
To identify dominant region or segment in the global hydrogen compressor market.
To identify drivers and challenges for global hydrogen compressor market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global hydrogen compressor market.
To identify and analyze the profile of leading players operating in global hydrogen compressor market.
To identify key sustainable strategies adopted by market players in global hydrogen compressor market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global hydrogen compressor market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Hydrogen compressor manufacturing companies
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to hydrogen compressor

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global hydrogen compressor market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Global Hydrogen Compressor Market, By Technology:

Single stage

Multistage

Global Hydrogen Compressor Market, By Specification:

Oil-Based

Oil-Free

Global Hydrogen Compressor Market, By Product Type:

Reciprocating Piston Compressors

Electrochemical Hydrogen Compressor

Hydride Compressor

Others

Global Hydrogen Compressor Market, By End User:

Chemical

Oil & Gas

Others

Global Hydrogen Compressor Market, By Region:

North America

United States
Canada
Mexico

Europe

United Kingdom
Germany
France
Spain
Italy

Asia-Pacific

China
India
Japan
Australia
South Korea

Middle East & Africa

Saudi Arabia
South Africa
Iraq
UAE

South America

Brazil
Argentina
Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global hydrogen compressor market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Hydrogen Compressor Market

5. Voice of Customers

6. Global Hydrogen Compressor Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Technology (Single-stage, and Multistage)
- 6.2.2. By Specification (Oil-based, and Oil-free)
- 6.2.3. By Product Type (Reciprocating Piston Compressors, Electrochemical Hydrogen Compressor, Hydride Compressor, Others)
- 6.2.4. By End-user (Chemical, Oil & Gas, and Others)
- 6.2.5. By Region
- 6.2.6. By Company (2021)
6.3. Product Market Map

7. North America Hydrogen Compressor Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By Specification
- 7.2.3. By Product Type
- 7.2.4. By End-User
- 7.2.5. By Country
7.3. North America: Country Analysis
- 7.3.1. United States Hydrogen Compressor Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Technology
    - 7.3.1.2.2. By Specification
    - 7.3.1.2.3. By Product Type
    - 7.3.1.2.4. By End-User
- 7.3.2. Canada Hydrogen Compressor Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Technology
    - 7.3.2.2.2. By Specification
    - 7.3.2.2.3. By Product Type
    - 7.3.2.2.4. By End-User
- 7.3.3. Mexico Hydrogen Compressor Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Technology
    - 7.3.3.2.2. By Specification
    - 7.3.3.2.3. By Product Type
    - 7.3.3.2.4. By End-User

8. Asia-Pacific Hydrogen Compressor Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By Specification
- 8.2.3. By Product Type
- 8.2.4. By End-User
- 8.2.5. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Hydrogen Compressor Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Technology
    - 8.3.1.2.2. By Specification
    - 8.3.1.2.3. By Product Type
    - 8.3.1.2.4. By End-User
- 8.3.2. India Hydrogen Compressor Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Technology
    - 8.3.2.2.2. By Specification
    - 8.3.2.2.3. By Product Type
    - 8.3.2.2.4. By End-User
- 8.3.3. Japan Hydrogen Compressor Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Technology
    - 8.3.3.2.2. By Specification
    - 8.3.3.2.3. By Product Type
    - 8.3.3.2.4. By End-User
- 8.3.4. South Korea Hydrogen Compressor Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Technology
    - 8.3.4.2.2. By Specification
    - 8.3.4.2.3. By Product Type
    - 8.3.4.2.4. By End-User
- 8.3.5. Australia Hydrogen Compressor Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Technology
    - 8.3.5.2.2. By Specification
    - 8.3.5.2.3. By Product Type
    - 8.3.5.2.4. By End-User

9. Europe Hydrogen Compressor Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By Specification
- 9.2.3. By Product Type
- 9.2.4. By End-User
- 9.2.5. By Country
9.3. Europe: Country Analysis
- 9.3.1. Germany Hydrogen Compressor Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Technology
    - 9.3.1.2.2. By Specification
    - 9.3.1.2.3. By Product Type
    - 9.3.1.2.4. By End-User
- 9.3.2. United Kingdom Hydrogen Compressor Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Technology
    - 9.3.2.2.2. By Specification
    - 9.3.2.2.3. By Product Type
    - 9.3.2.2.4. By End-User
- 9.3.3. France Hydrogen Compressor Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Technology
    - 9.3.3.2.2. By Specification
    - 9.3.3.2.3. By Product Type
    - 9.3.3.2.4. By End-User
- 9.3.4. Italy Hydrogen Compressor Market Outlook
  - 9.3.4.1. Market Size & Forecast
    - 9.3.4.1.1. By Value
  - 9.3.4.2. Market Share & Forecast
    - 9.3.4.2.1. By Technology
    - 9.3.4.2.2. By Specification
    - 9.3.4.2.3. By Product Type
    - 9.3.4.2.4. By End-User
- 9.3.5. Spain Hydrogen Compressor Market Outlook
  - 9.3.5.1. Market Size & Forecast
    - 9.3.5.1.1. By Value
  - 9.3.5.2. Market Share & Forecast
    - 9.3.5.2.1. By Technology
    - 9.3.5.2.2. By Specification
    - 9.3.5.2.3. By Product Type
    - 9.3.5.2.4. By End-User

10. South America Hydrogen Compressor Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By Specification
- 10.2.3. By Product-Type
- 10.2.4. By End-User
- 10.2.5. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Hydrogen Compressor Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Technology
    - 10.3.1.2.2. By Specification
    - 10.3.1.2.3. By Product Type
    - 10.3.1.2.4. By End-User
- 10.3.2. Argentina Hydrogen Compressor Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Technology
    - 10.3.2.2.2. By Specification
    - 10.3.2.2.3. By Product Type
    - 10.3.2.2.4. By End-User
- 10.3.3. Colombia Hydrogen Compressor Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Technology
    - 10.3.3.2.2. By Specification
    - 10.3.3.2.3. By Product Type
    - 10.3.3.2.4. By End-User

11. Middle East & Africa Hydrogen Compressor Market Outlook

11.1. Market Size & Forecast
- 11.1.1. By Value
11.2. Market Share & Forecast
- 11.2.1. By Technology
- 11.2.2. By Specification
- 11.2.3. By Product Type
- 11.2.4. By End-User
- 11.2.5. By Country
11.3. MEA: Country Analysis
- 11.3.1. Saudi Arabia Hydrogen Compressor Market Outlook
  - 11.3.1.1. Market Size & Forecast
    - 11.3.1.1.1. By Value
  - 11.3.1.2. Market Share & Forecast
    - 11.3.1.2.1. By Technology
    - 11.3.1.2.2. By Specification
    - 11.3.1.2.3. By Product Type
    - 11.3.1.2.4. By End-User
- 11.3.2. South Africa Hydrogen Compressor Market Outlook
  - 11.3.2.1. Market Size & Forecast
    - 11.3.2.1.1. By Value
  - 11.3.2.2. Market Share & Forecast
    - 11.3.2.2.1. By Technology
    - 11.3.2.2.2. By Specification
    - 11.3.2.2.3. By Product Type
    - 11.3.2.2.4. By End-User
- 11.3.3. UAE Hydrogen Compressor Market Outlook
  - 11.3.3.1. Market Size & Forecast
    - 11.3.3.1.1. By Value
  - 11.3.3.2. Market Share & Forecast
    - 11.3.3.2.1. By Technology
    - 11.3.3.2.2. By Specification
    - 11.3.3.2.3. By Product Type
    - 11.3.3.2.4. By End-User
- 11.3.4. Iraq Hydrogen Compressor Market Outlook
  - 11.3.4.1. Market Size & Forecast
    - 11.3.4.1.1. By Value
  - 11.3.4.2. Market Share & Forecast
    - 11.3.4.2.1. By Technology
    - 11.3.4.2.2. By Specification
    - 11.3.4.2.3. By Product Type
    - 11.3.4.2.4. By End-User

12. Market Dynamics

12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Competition Outlook
14.2. Company Profiles
- 14.2.1. Ariel Corporation
- 14.2.2. Burckhardt Compression AG
- 14.2.3. Corken Inc
- 14.2.4. Howden Group Ltd
- 14.2.5. Atlas Copco Group
- 14.2.6. Colfax Corporation
- 14.2.7. Hitachi Limited
- 14.2.8. HAUG Sauer Kompressoren AG
- 14.2.9. IDEX Corporation
- 14.2.10. Siemens AG