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Global Hydrogen Compressors Market by Lubrication Type (Oil-based, Oil-free), Type (Mechanical, Non-mechanical), Application (Hydrogen Infrastructure, Industrial (Oil Refining, Chemicals & Petrochemicals), Design Region - Forecast to 2028

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    Report

  • 197 Pages
  • February 2024
  • Region: Global
  • Markets and Markets
  • ID: 5940272
Description Jump to:
The global hydrogen compressors market is estimated to grow from USD 2.1 billion in 2023 to USD 2.6 billion by 2028; it is expected to record a CAGR of 4.5% during the forecast period. Growing investments in hydrogen-related infrastructure and projects from both the public and private sectors contribute to the growth of the hydrogen compressor industry. These investments accelerate the adoption and commercialization of hydrogen compressor technology. Government subsidies and regulatory frameworks aimed at promoting clean energy technologies further drive the growth of the hydrogen compressor market.

Oil-based compressor: The largest segment of the hydrogen compressors market, by lubrication type

Based on lubrication type, the hydrogen compressors market is split into two segments: oil-based & oil-free. Oil-based compressors dominate the hydrogen compressor industry because they are more efficient than oil-free compressors. Oil-based compressors employ oil as a cooling medium, absorbing around 80% of the heat generated by the compressor during compression, resulting in higher efficiency. They are deemed appropriate for a variety of industrial applications that demand increased compression. The increased investment in the oil and gas sector is expected to raise demand for hydrogen compressors.

The hydrogen value chain/infrastructure, by end-use application, is expected to be the fastest growing segment during the forecast period

Based on end-use application, the hydrogen compressors market has been split into hydrogen value chain/infrastructure & Industrial application. The hydrogen compressors market for hydrogen value chain/infrastructure is anticipated to be the fastest growing market share over the forecast period. It is further divided into Hydrogen production & storage, Transportation, hydrogen refueling stations, hydrogen fuel cells. There are lot of initiatives & billions of dollars being invested in the market by both government & private companies. For example, The Biden-Harris Administration stated that seven regional clean hydrogen hubs in the United States will receive a total of USD 7 billion in funding.

These centers are planned to produce more than three million metric tons of clean hydrogen per year, helping the United States meet its clean hydrogen production goal by 2030. Efforts are being made to construct new hydrogen pipeline networks, with an emphasis on overcoming the specific problems posed by hydrogen's characteristics to pipeline materials and compressor design. One of the major initiatives in Europe is a partnership between Phillips 66 and H2 Energy Europe to build a network of around 250 hydrogen refueling stations by 2026.

North America is expected to be the second largest growing region in the hydrogen compressor market

North America is expected to be the second largest region in the hydrogen compressors market during the forecast period. The region's emphasis on sustainable energy, as well as the increasing usage of hydrogen fuel cell vehicles, are all contributing to market growth. Furthermore, the United States Department of Energy's financing and support for R&D efforts has resulted in multiple patents and new technologies in the market, cementing North America's position as a pioneer in hydrogen compressor production.

One of the recent contracts in the region includes collaboration between the National Renewable Energy Laboratory (NREL) and Toyota Motor North America in developing a one-megawatt proton exchange membrane fuel cell system showcases advancements in large-scale power production using hydrogen fuel cells which will lead to need in hydrogen compressors. Companies in the United States have been making investments to increase their market share in the hydrogen compressor sector. This includes the development of improved compressor technologies specifically designed for hydrogen production, transit, and use. Ariel Corporation, Atlas Copco Group, and Burckhardt Compression AG are among the prominent players in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:
  • By Company Type: Tier 1 - 60%, Tier 2 - 25%, and Tier 3 - 15%
  • By Designation: C-Level - 35%, Director Level - 25%, and Others - 40%
  • By Region: North America - 25%, Europe - 25%, Asia Pacific - 30%, South America - 10%, Middle East & Africa - 10%
Note: Others include sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: >USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The hydrogen compressors market is dominated by a few major players that have a wide regional presence. The leading players in the hydrogen compressors market are Atlas Copco AB (Sweden), Linde plc (Ireland), Siemens Energy (Germany), Air Products and Chemicals, Inc. (US), Ingersoll Rand (US). The major strategy adopted by the players includes new product launches, contracts, agreements, partnerships, joint ventures, acquisitions, and investments & expansions.

Research Coverage

The report defines, describes, and forecasts the global hydrogen compressors market by technology, lubrication type, by design, end-use application and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the hydrogen compressor market.

Key Benefits of Buying the Report

  • Government initiatives at the national and international levels amplify the impact of investment on the electrolyzer market. Robust policy frameworks, often accompanied by financial incentives, subsidies, and regulatory support, encourage widespread adoption of hydrogen compressors for green hydrogen production. Factors such as high initial cost and lack of infrastructure restrain the growth of the market. The growing energy transition towards renewable energy sources and rapid urbanization are expected to present lucrative opportunities for the players operating in the hydrogen compressor market.
  • Product Development/ Innovation: The new HAUG.Sirius NanoLoc compressor is the first compressor which combines J.P. Sauer & Sohn's high-pressure competence with HAUG Sauer Kompressoren AG's oil-free expertise. The machines are entirely dry-running and hermetically gas-tight and are intended for applications requiring absolute process safety and purity. The compressor, with an ultimate pressure of 450 bar, allows for oil-free compression of nearly any gas.
  • Market Development: Atlas Copco Compressors is partnering with Hoffman & Hoffman to develop a new distributor agreement for Atlas Copco's whole line of industrial process cooling solutions. Hoffman & Hoffman will exclusively represent the product line throughout South Carolina, North Carolina, Virginia, and Tennessee.
  • Market Diversification: Investments by Ingersoll Rand in India. Ingersoll Rand, a global leader in mission-critical flow creation and industrial technologies, is investing in its Indian operations to promote expanded technological innovation, hydrogen compressor manufacture and testing, and manufacturing capacity development. At its world-class manufacturing site in Naroda, Gujarat, it has introduced energy-efficient Heat-of-compression (HOC) dryers.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include as Atlas Copco AB (Sweden), Linde plc (Ireland), Siemens Energy (Germany), Air Products and Chemicals, Inc. (US), Ingersoll Rand (US), among others in the hydrogen compressor market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.3.4 Currency Considered
1.4 Limitations
1.5 Stakeholders
1.6 Recession Impact on Hydrogen Compressors Market
2 Research Methodology
2.1 Research Data
Figure 1 Hydrogen Compressors Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primaries
Figure 2 Hydrogen Compressors Market: Breakdown of Primaries
2.2 Data Triangulation
Figure 3 Hydrogen Compressors Market: Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 4 Hydrogen Compressors Market: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 5 Hydrogen Compressors Market: Top-Down Approach
2.3.3 Demand-Side Analysis
Figure 6 Hydrogen Compressors Market: Demand-Side Analysis
Figure 7 Key Metrics Considered to Analyze Demand for Hydrogen Compressors
2.3.3.1 Demand-Side Assumptions
2.3.3.2 Demand-Side Calculations
2.3.4 Supply-Side Analysis
Figure 8 Key Metrics Considered to Analyze Supply of Hydrogen Compressors
Figure 9 Hydrogen Compressors Market: Supply-Side Analysis
2.3.4.1 Supply-Side Assumptions and Calculations
Figure 10 Hydrogen Compressors Market: Market Share Analysis, 2022
2.4 Forecast
2.5 Study Limitations
2.6 Risk Assessment
2.7 Recession Impact
3 Executive Summary
Table 1 Hydrogen Compressors Market Snapshot
Figure 11 Mechanical Compressors Segment to Dominate Hydrogen Compressors Market, by Type, in 2028
Figure 12 Industrial Segment to Account for Larger Share of Hydrogen Compressors Market, by Application, During Forecast Period
Figure 13 Multi-Stage Segment to Lead Hydrogen Compressors Market, by Design, in 2028
Figure 14 Oil-based Segment to Account for Larger Share of Hydrogen Compressors Market, by Lubrication Type, During Forecast Period
Figure 15 Asia-Pacific Held Largest Share of Hydrogen Compressors Market in 2022
4 Premium Insights
4.1 Attractive Opportunities for Players in Hydrogen Compressors Market
Figure 16 Increasing Demand for Clean Energy and Industrial Growth to Drive Market During Forecast Period
4.2 Hydrogen Compressors Market, by Region
Figure 17 Hydrogen Compressors Market to Witness Fastest Growth in Asia-Pacific During Forecast Period
4.3 Hydrogen Compressors Market, by Type
Figure 18 Mechanical Compressors Segment Dominated Hydrogen Compressors Market in 2022
4.4 Hydrogen Compressors Market, by Design
Figure 19 Multi-Stage Segment Held Larger Share of Hydrogen Compressors Market in 2022
4.5 Hydrogen Compressors Market, by Lubrication Type
Figure 20 Oil-based Segment Accounted for Larger Share of Hydrogen Compressors Market in 2022
4.6 Hydrogen Compressors Market, by Application
Figure 21 Industrial Segment Accounted for Larger Share of Hydrogen Compressors Market in 2022
4.7 Asia-Pacific: Hydrogen Compressors Market, by Application and Country
Figure 22 Industrial Application and China Dominated Hydrogen Compressors Market in Asia-Pacific in 2022
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 23 Hydrogen Compressors Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Government Initiatives and Policies to Curb Greenhouse Gas (Ghg) Emissions
Figure 24 Cumulative Emission Reduction, by Mitigation Measure, 2021-2050
5.2.1.2 Substantial Clean Energy Investments in Developing Economies
Figure 25 Global Clean Energy Investments, 2015-2023
5.2.1.3 Rising Demand for Oil-Free Hydrogen Compressors
5.2.2 Restraints
5.2.2.1 High Maintenance Cost of Hydrogen Compressors
5.2.2.2 Safety Standards Associated with Hydrogen Compressors
5.2.3 Opportunities
5.2.3.1 Increasing Emphasis on Net-Zero Carbon Emission Goals
5.2.3.2 Expansion of Hydrogen Refueling Infrastructure
5.2.3.3 Increased Demand for Hydrogen Compressors from Oil & Gas Industry
5.2.4 Challenges
5.2.4.1 Underdeveloped Hydrogen Infrastructure
5.3 Trends/Disruptions Impacting Customer Business
Figure 26 Trends/Disruptions Impacting Customer Business
5.4 Pricing Analysis
5.4.1 Average Selling Price Trend, by Region
Table 2 Average Selling Price Trend, by Region
5.4.2 Indicative Pricing Trend, by Type
5.5 Supply Chain Analysis
Figure 27 Hydrogen Compressors Market: Supply Chain Analysis
5.5.1 Raw Material Suppliers
5.5.2 Component Providers
5.5.3 Hydrogen Compressor Manufacturers
5.5.4 End-users
Table 3 Hydrogen Compressors Market: Role of Companies in Supply Chain
5.6 Ecosystem/Market Map
Figure 28 Hydrogen Compressors Market: Ecosystem/Market Map
5.7 Trade Analysis
5.7.1 Export Scenario
Table 4 Export Data for Products Covered Under HS Code 280410, by Country, 2020-2022 (USD Thousand)
Figure 29 Export Data for HS Code 280410-Compliant Products, by Country, 2020-2022 (USD Thousand)
5.7.2 Import Scenario
Table 5 Import Data for Products Covered Under HS Code 280410, by Country, 2020-2022 (USD Thousand)
Figure 30 Import Data for HS Code 280410-Compliant Products, by Country, 2020-2022 (USD Thousand)
5.8 Technology Analysis
5.8.1 Reciprocating Compressors
5.8.2 Rotary Compressors
5.8.3 Ionic Compressors
5.8.4 Centrifugal Compressors
5.8.5 Non-Mechanical Compressors
5.9 Case Study Analysis
5.9.1 Adoption of Hydrogen Compression for Fueling Stations
5.9.1.1 Problem Statement
5.9.1.2 Solution
5.9.2 Howden and Pioneer Epc Contractor Partnered to Integrate Hydrogen Compressors in Refineries
5.9.2.1 Problem Statement
5.9.2.2 Solution
5.10 Key Conferences and Events, 2024-2025
Table 6 Hydrogen Compressors Market: List of Key Conferences and Events, 2024-2025
5.11 Patent Analysis
Figure 31 Hydrogen Compressors Market: Patents Applied and Granted, 2013-2023
5.11.1 List of Major Patents
Table 7 Hydrogen Compressors: Innovations and Patent Registrations, March 2019-December 2023
5.12 Tariff and Regulatory Landscape
5.12.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.2 Hydrogen Compressors Market: Regulatory Framework
Table 11 Regulatory Framework: Hydrogen Compressors Market, by Region
5.13 Porter's Five Forces Analysis
Figure 32 Hydrogen Compressors Market: Porter's Five Forces Analysis
Table 12 Hydrogen Compressors Market: Impact of Porter's Five Forces, 2022
5.13.1 Threat of New Entrants
5.13.2 Bargaining Power of Suppliers
5.13.3 Bargaining Power of Buyers
5.13.4 Threat of Substitutes
5.13.5 Intensity of Competitive Rivalry
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Figure 33 Influence of Stakeholders on Buying Process for Top 3 Applications
Table 13 Influence of Stakeholders on Buying Process, by Application (%)
5.14.2 Buying Criteria
Figure 34 Buying Criteria for Top 3 Applications
6 Hydrogen Compressors Market, by Type
6.1 Introduction
Figure 35 Hydrogen Compressors Market Share, in Terms of Value, by Type, 2022
Table 14 Hydrogen Compressors Market, by Type, 2022-2028 (USD Million)
6.2 Mechanical Compressors
6.2.1 Suitability for Various Applications to Propel Demand for Mechanical Compressors
6.2.1.1 Reciprocating Compressors
6.2.1.2 Rotary Compressors
6.2.1.3 Ionic Compressors
6.2.1.4 Centrifugal Compressors
Table 15 Mechanical Compressors: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
6.3 Non-Mechanical Compressors
6.3.1 Advantages Such as Lack of Moving Parts and Compact Size to Induce Demand for Non-Mechanical Compressors
6.3.1.1 Metal Hydride Compressors
6.3.1.2 Electrochemical Hydrogen Compressors (Ehcs)
6.3.1.3 Adsorption-Desorption Compressors
Table 16 Non-Mechanical Compressors: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
7 Hydrogen Compressors Market, by Design
7.1 Introduction
Figure 36 Hydrogen Compressors Market Share, in Terms of Value, by Design, 2022
Table 17 Hydrogen Compressors Market, by Design, 2022-2028 (USD Million)
7.2 Single-Stage
7.2.1 Growing Investments in Oil Refineries to Propel Demand for Single-Stage Hydrogen Compressors
Table 18 Single-Stage: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
7.3 Multi-Stage
7.3.1 Use of Multi-Stage Compressors in Heavy-Duty Applications to Drive Segment
Table 19 Multi-Stage: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
8 Hydrogen Compressors Market, by Lubrication Type
8.1 Introduction
Figure 37 Hydrogen Compressors Market Share, in Terms of Value, by Lubrication Type, 2022
Table 20 Hydrogen Compressors Market, by Lubrication Type, 2022-2028 (USD Million)
8.2 Oil-based Compressors
8.2.1 Reliability and Versatile Nature to Fuel Demand for Oil-based Compressors
Table 21 Oil-based Compressors: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
8.3 Oil-Free Compressors
8.3.1 Ability to Provide High-Quality Air Free from Contamination to Boost Demand for Oil-Free Compressors
Table 22 Oil-Free Compressors: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
9 Hydrogen Compressors Market, by Application
9.1 Introduction
Figure 38 Hydrogen Compressors Market Share, in Terms of Value, by Application, 2022
Table 23 Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
Table 24 Hydrogen Compressors Market, by Hydrogen Infrastructure Application, 2022-2028 (USD Million)
Table 25 Hydrogen Compressors Market, by Industrial Application, 2022-2028 (USD Million)
9.2 Hydrogen Infrastructure
Table 26 Hydrogen Infrastructure: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
9.2.1 Hydrogen Storage & Pipeline Transportation
9.2.1.1 Need to Increase Storage Density and Minimize Storage Volume to Boost Adoption of Hydrogen Compressors
Table 27 Hydrogen Storage & Pipeline Transportation: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
9.2.2 Hydrogen Refueling Stations
9.2.2.1 Increased Adoption of Fuel Cell Vehicles to Drive Segment
Table 28 Hydrogen Refueling Stations: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
9.3 Industrial
Table 29 Industrial: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
9.3.1 Oil Refining
9.3.1.1 Growing Use of Hydrogen in Various Oil Refining Processes to Drive Segment
Table 30 Oil Refining: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
9.3.2 Chemical & Petrochemical
9.3.2.1 Increasing Demand for Chemical- and Petrochemical-Derived Products to Drive Segment
Table 31 Chemical & Petrochemical: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
9.3.3 Other Industrial Applications
Table 32 Other Industrial Applications: Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
10 Hydrogen Compressors Market, by Region
10.1 Introduction
Figure 39 Hydrogen Compressors Market Share, in Terms of Value, by Region, 2022
Figure 40 Hydrogen Compressors Market to Register Highest CAGR in Asia-Pacific from 2023 to 2028
Table 33 Hydrogen Compressors Market, by Region, 2022-2028 (USD Million)
Table 34 Hydrogen Compressors Market, by Region, 2022-2028 (Units)
10.2 North America
Figure 41 North America: Hydrogen Compressors Market Snapshot
10.2.1 North America: Recession Impact
10.2.2 By Lubrication Type
Table 35 North America: Hydrogen Compressors Market, by Lubrication Type, 2022-2028 (USD Million)
10.2.3 By Type
Table 36 North America: Hydrogen Compressors Market, by Type, 2022-2028 (USD Million)
10.2.4 By Design
Table 37 North America: Hydrogen Compressors Market, by Design, 2022-2028 (USD Million)
10.2.5 By Application
Table 38 North America: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
Table 39 North America: Hydrogen Compressors Market, by Hydrogen Infrastructure Application, 2022-2028 (USD Million)
Table 40 North America: Hydrogen Compressors Market, by Industrial Application, 2022-2028 (USD Million)
Table 41 North America: Hydrogen Compressors Market, by Country, 2022-2028 (USD Million)
10.2.5.1 US
10.2.5.1.1 Growing Oil and Gas Exploration Operations to Boost Demand for Hydrogen Compressors
Table 42 US: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.2.5.2 Canada
10.2.5.2.1 Investment by Key Players in Hydrogen Compressors and New Technologies to Augment Market Growth
Table 43 Canada: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.3 Asia-Pacific
Figure 42 Asia-Pacific: Hydrogen Compressors Market Snapshot
10.3.1 Asia-Pacific: Recession Impact
10.3.2 By Lubrication Type
Table 44 Asia-Pacific: Hydrogen Compressors Market, by Lubrication Type, 2022-2028 (USD Million)
10.3.3 By Type
Table 45 Asia-Pacific: Hydrogen Compressors Market, by Type, 2022-2028 (USD Million)
10.3.4 By Design
Table 46 Asia-Pacific: Hydrogen Compressors Market, by Design, 2022-2028 (USD Million)
10.3.5 By Application
Table 47 Asia-Pacific: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
Table 48 Asia-Pacific: Hydrogen Compressors Market, by Hydrogen Infrastructure Application, 2022-2028 (USD Million)
Table 49 Asia-Pacific: Hydrogen Compressors Market, by Industrial Application, 2022-2028 (USD Million)
10.3.6 By Country
Table 50 Asia-Pacific: Hydrogen Compressors Market, by Country, 2022-2028 (USD Million)
10.3.6.1 China
10.3.6.1.1 Focus on Domestic Production of Hydrogen Compressors to Foster Market Growth
Table 51 China: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.3.6.2 Japan
10.3.6.2.1 Government Push Toward Carbon Neutrality to Boost Adoption of Hydrogen Compressors
Table 52 Japan: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.3.6.3 South Korea
10.3.6.3.1 Focus on Developing Hydrogen Refueling Stations in Coming Years to Create Opportunities for Market Players
Table 53 South Korea: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.3.6.4 India
10.3.6.4.1 Growing Hydrogen Exploration Operations to Drive Market
Table 54 India: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.3.6.5 Australia
10.3.6.5.1 Significant Potential for Hydrogen Production and Government Focus on Renewable Energy to Drive Market
Table 55 Australia: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.3.6.6 Rest of Asia-Pacific
Table 56 Rest of Asia-Pacific: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.4 Europe
10.4.1 Europe: Recession Impact
10.4.2 By Lubrication Type
Table 57 Europe: Hydrogen Compressors Market, by Lubrication Type, 2022-2028 (USD Million)
10.4.3 By Type
Table 58 Europe: Hydrogen Compressors Market, by Type, 2022-2028 (USD Million)
10.4.4 By Design
Table 59 Europe: Hydrogen Compressors Market, by Design, 2022-2028 (USD Million)
10.4.5 By Application
Table 60 Europe: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
Table 61 Europe: Hydrogen Compressors Market, by Hydrogen Infrastructure Application, 2022-2028 (USD Million)
Table 62 Europe: Hydrogen Compressors Market, by Industrial Application, 2022-2028 (USD Million)
10.4.6 By Country
Table 63 Europe: Hydrogen Compressors Market, by Country, 2022-2028 (USD Million)
10.4.6.1 Germany
10.4.6.1.1 Efforts to Advance Hydrogen Infrastructure and Promote Shift Toward Green Energy to Drive Market
Table 64 Germany: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.4.6.2 France
10.4.6.2.1 Investment by Key Players in Hydrogen Compressors to Propel Market
Table 65 France: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.4.6.3 UK
10.4.6.3.1 Government Focus on Transitioning to Low-Carbon Economy to Favor Market Growth
Table 66 UK: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.4.6.4 Italy
10.4.6.4.1 Demand from Refining and Chemicals Industries to Underpin Market Growth
Table 67 Italy: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.4.6.5 Norway
10.4.6.5.1 Active Participation in Development of Hydrogen Compressors and Storage Systems to Support Market Growth
Table 68 Norway: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.4.6.6 Rest of Europe
Table 69 Rest of Europe: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.5 Middle East & Africa
10.5.1 Middle East & Africa: Recession Impact
10.5.2 By Lubrication Type
Table 70 Middle East & Africa: Hydrogen Compressors Market, by Lubrication Type, 2022-2028 (USD Million)
10.5.3 By Type
Table 71 Middle East & Africa: Hydrogen Compressors Market, by Type, 2022-2028 (USD Million)
10.5.4 By Design
Table 72 Middle East & Africa: Hydrogen Compressors Market, by Design, 2022-2028 (USD Million)
10.5.5 By Application
Table 73 Middle East & Africa: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
Table 74 Middle East & Africa: Hydrogen Compressors Market, by Hydrogen Infrastructure Application, 2022-2028 (USD Million)
Table 75 Middle East & Africa: Hydrogen Compressors Market, by Industrial Application, 2022-2028 (USD Million)
10.5.6 By Country
Table 76 Middle East & Africa: Hydrogen Compressors Market, by Country, 2022-2028 (USD Million)
Table 77 GCC Countries: Hydrogen Compressors Market, by Country, 2022-2028 (USD Million)
10.5.6.1 GCC Countries
10.5.6.1.1 Saudi Arabia
10.5.6.1.1.1 Substantial Investments in Hydrogen Generation by Government to Drive Market
Table 78 Saudi Arabia: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.5.6.1.2 UAE
10.5.6.1.2.1 Significant Investments in Hydrogen Sector to Drive Market
Table 79 UAE: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.5.6.1.3 Qatar
10.5.6.1.3.1 Investment by Key Players in R&D Activities to Boost Market Growth
Table 80 Qatar: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.5.6.1.4 Rest of GCC
Table 81 Rest of GCC: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.5.6.2 South Africa
10.5.6.2.1 Active Government Investments in Hydrogen-Related Initiatives to Drive Market
Table 82 South Africa: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.5.6.3 Rest of Middle East & Africa
Table 83 Rest of Middle East & Africa: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.6 South America
10.6.1 Recession Impact: South America
10.6.2 By Lubrication Type
Table 84 South America: Hydrogen Compressors Market, by Lubrication Type, 2022-2028 (USD Million)
10.6.3 By Type
Table 85 South America: Hydrogen Compressors Market, by Type, 2022-2028 (USD Million)
10.6.4 By Design
Table 86 South America: Hydrogen Compressors Market, by Design, 2022-2028 (USD Million)
10.6.5 By Application
Table 87 South America: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
Table 88 South America: Hydrogen Compressors Market, by Hydrogen Infrastructure Application, 2022-2028 (USD Million)
Table 89 South America: Hydrogen Compressors Market, by Industrial Application, 2022-2028 (USD Million)
Table 90 South America: Hydrogen Compressors Market, by Country, 2022-2028 (USD Million)
10.6.5.1 Brazil
10.6.5.1.1 Collaborations and Partnerships Among Key Players and Government Bodies to Drive Market Expansion
Table 91 Brazil: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.6.5.2 Argentina
10.6.5.2.1 Investment by Key Players in Hydrogen Compressors and New Technologies to Boost Market
Table 92 Argentina: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
10.6.5.3 Rest of South America
10.6.5.4 By Application
Table 93 Rest of South America: Hydrogen Compressors Market, by Application, 2022-2028 (USD Million)
11 Competitive Landscape
11.1 Overview
11.2 Strategies Adopted by Key Players, 2019-2023
11.3 Market Share Analysis, 2022
Table 94 Hydrogen Compressors Market: Degree of Competition
Figure 43 Market Share Analysis of Top Players, 2022
11.4 Revenue Analysis, 2020-2022
Figure 44 Revenue Analysis, 2020-2022
11.5 Competitive Scenarios and Trends
11.5.1 Deals
Table 95 Hydrogen Compressors Market: Deals, 2019-2023
11.5.2 Others
Table 96 Hydrogen Compressors Market: Others, November 2022
11.6 Company Evaluation Matrix: Key Players
11.6.1 Stars
11.6.2 Emerging Leaders
11.6.3 Pervasive Players
11.6.4 Participants
Figure 45 Hydrogen Compressors Market: Company Evaluation Matrix (Key Companies), 2022
11.6.5 Company Footprint
Table 97 Hydrogen Compressor Market: Market Footprint
Table 98 Overall Company Footprint (Key Players)
Table 99 Type: Company Footprint (Key Players)
Table 100 Lubrication Type: Company Footprint (Key Players)
Table 101 Design: Company Footprint (Key Players)
Table 102 Application: Company Footprint (Key Players)
Table 103 Region: Company Footprint (Key Players)
11.7 Company Evaluation Matrix: Other Players
11.7.1 Stars
11.7.2 Emerging Leaders
11.7.3 Pervasive Players
11.7.4 Participants
Figure 46 Hydrogen Compressors Market: Company Evaluation Matrix (Other Players), 2022
11.7.5 Competitive Benchmarking
Table 104 Hydrogen Compressors Market: Competitive Benchmarking of Other Players
Table 105 Product: Company Footprint (Other Players)
Table 106 Type: Company Footprint (Other Players)
Table 107 Lubrication Type: Company Footprint (Other Players)
Table 108 Design: Company Footprint (Other Players)
Table 109 Application: Company Footprint (Other Players)
Table 110 Region: Company Footprint (Other Players)
12 Company Profiles
12.1 Key Companies
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
12.1.1 Atlas Copco Ab
Table 111 Atlas Copco Ab: Company Overview
Figure 47 Atlas Copco Ab: Company Snapshot
Table 112 Atlas Copco Ab: Products/Services/Solutions Offered
Table 113 Atlas Copco Ab: Product Launches
Table 114 Atlas Copco Ab: Deals
12.1.2 Linde PLC
Table 115 Linde PLC: Company Overview
Figure 48 Linde PLC: Company Snapshot
Table 116 Linde PLC: Products/Services/Solutions Offered
Table 117 Linde PLC: Deals
12.1.3 Air Products and Chemicals, Inc.
Table 118 Air Products and Chemicals, Inc.: Company Overview
Figure 49 Air Products and Chemicals, Inc.: Company Snapshot
Table 119 Air Products and Chemicals, Inc.: Products/Services/Solutions Offered
Table 120 Air Products and Chemicals, Inc.: Deals
Table 121 Air Products and Chemicals, Inc.: Others
12.1.4 Ingersoll Rand
Table 122 Ingersoll Rand: Company Overview
Figure 50 Ingersoll Rand: Company Snapshot
Table 123 Ingersoll Rand: Products/Services/Solutions Offered
Table 124 Ingersoll Rand: Deals
Table 125 Ingersoll Rand: Others
12.1.5 Siemens Energy
Table 126 Siemens Energy: Company Overview
Figure 51 Siemens Energy: Company Snapshot
Table 127 Siemens Energy: Products/Services/Solutions Offered
12.1.6 Mitsubishi Heavy Industries, Ltd.
Table 128 Mitsubishi Heavy Industries, Ltd.: Company Overview
Figure 52 Mitsubishi Heavy Industries, Ltd.: Company Snapshot
Table 129 Mitsubishi Industries, Ltd.: Products/Services/Solutions Offered
12.1.7 Kobe Steel, Ltd.
Table 130 Kobe Steel, Ltd.: Company Overview
Figure 53 Kobe Steel, Ltd.: Company Snapshot
Table 131 Kobe Steel, Ltd.: Products/Services/Solutions Offered
12.1.8 Hitachi Industrial Products, Ltd.
Table 132 Hitachi Industrial Products, Ltd.: Company Overview
Figure 54 Hitachi Industrial Products, Ltd.: Company Snapshot
Table 133 Hitachi Industrial Products, Ltd.: Products/Services/Solutions Offered
12.1.9 Sundyne
Table 134 Sundyne: Company Overview
Table 135 Sundyne: Products/Services/Solutions Offered
Table 136 Sundyne: Product Launches
12.1.10 Howden Group
Table 137 Howden Group: Company Overview
Table 138 Howden Group: Products/Services/Solutions Offered
Table 139 Howden Group: Deals
12.1.11 Neuman & Esser Group
Table 140 Neuman & Esser Group: Company Overview
Table 141 Neuman & Esser Group: Products/Services/Solutions Offered
Table 142 Neuman & Esser Group: Deals
12.1.12 Haug Sauer Kompressoren AG
Table 143 Haug Sauer Kompressoren AG: Company Overview
Table 144 Haug Sauer Kompressoren AG: Products/Services/Solutions Offered
Table 145 Haug Sauer Kompressoren AG: Product Launches
12.1.13 Ariel Corporation
Table 146 Ariel Corporation: Company Overview
Table 147 Ariel Corporation: Products/Services/Solutions Offered
Table 148 Ariel Corporation: Deals
12.1.14 Indian Compressors Ltd
Table 149 Indian Compressors Ltd.: Company Overview
Table 150 Indian Compressors Ltd : Products/Services/Solutions Offered
12.1.15 Adicomp S.R.L.
Table 151 Adicomp S.R.L: Company Overview
Table 152 Adicomp S.R.L.: Products/Services/Solutions Offered
12.2 Other Players
12.2.1 Keepwin Technology Hebei Co. Ltd
12.2.2 Pure Energy Centre
12.2.3 Fluitron
12.2.4 Cyrus SA
12.2.5 Aerotecnica Coltri S.P.A.
12.2.6 Hydro-Pac, Inc.
12.2.7 Sollant
12.2.8 Idex India
12.2.9 Mehrer Compression GmbH
12.2.10 Gruppo Siad
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies
13 Appendix
13.1 Insights from Industry Experts
13.2 Discussion Guide
13.3 Knowledgestore: The Subscription Portal
13.4 Customization Options

Companies Mentioned

  • Atlas Copco Ab
  • Linde PLC
  • Air Products and Chemicals, Inc.
  • Ingersoll Rand
  • Siemens Energy
  • Mitsubishi Heavy Industries, Ltd.
  • Kobe Steel, Ltd.
  • Hitachi Industrial Products, Ltd.
  • Sundyne
  • Howden Group
  • Neuman & Esser Group
  • Haug Sauer Kompressoren AG
  • Ariel Corporation
  • Indian Compressors Ltd
  • Adicomp S.R.L.
  • Keepwin Technology Hebei Co. Ltd
  • Pure Energy Centre
  • Fluitron
  • Cyrus SA
  • Aerotecnica Coltri S.P.A.
  • Hydro-Pac, Inc.
  • Sollant
  • Idex India
  • Mehrer Compression GmbH
  • Gruppo Siad

Table Information

Report AttributeDetails
No. of Pages197
PublishedFebruary 2024
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 2.1 Billion
Forecasted Market Value ( USD ) by 2028 $ 2.6 Billion
Compound Annual Growth Rate4.5%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Hydrogen Compressor Market

The Hydrogen Compressor market is a subset of the Compressor market, which is a broad category of machines used to reduce the volume of a gas or liquid. Hydrogen Compressors are specifically designed to compress hydrogen gas, which is used in a variety of industrial and commercial applications. These compressors are typically powered by electric motors and are designed to operate in a wide range of temperatures and pressures. They are also designed to be highly efficient and reliable, making them an attractive option for many industries. The Hydrogen Compressor market is expected to grow in the coming years due to increasing demand for hydrogen-powered applications. This growth is driven by the need for more efficient and reliable energy sources, as well as the increasing demand for hydrogen-powered vehicles. Some of the major companies in the Hydrogen Compressor market include Atlas Copco, Ingersoll Rand, Gardner Denver, and Sullair. Show Less Read more

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