Multi-Stage Segment to Dominate Europe Hydrogen Compressor Market during 2021-2028.
According to this research study titled “Europe Hydrogen Compressor Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Type, Stage and End -User,” the market is expected to reach US$ 653.09 million by 2028 from US$ 478.84 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the Europe hydrogen compressor market along with the drivers and restraints pertaining to the market growth. Thriving oil and gas sector is the major factor driving the growth of the Europe hydrogen compressor market. However, issues associated with the exorbitant recurring cost in maintenance hinder the growth of Europe hydrogen compressor market.
The Europe hydrogen compressor market is segmented into type, stage, end-user and country. Based on type, the market is segmented into oil-based and oil-free. The oil-based segment dominated the market in the year 2020 and oil-free is expected to be the fastest growing during forecast period. In terms of stage, the hydrogen compressor market is segmented into single-stage and multi-stage. Multi-stage segment dominated the market in the year 2020 and single-stage is expected to be the fastest growing during the forecast period. In terms of end-user, the hydrogen compressor market is segmented into chemicals, oil and gas, automotive and transportation, renewable energy, and other end users. Oil and gas segment dominated the market in 2020 and automotive and transportation segment is expected to be the fastest growing during the forecast period.
In Europe, various key countries such as Germany, The UK, and France are the hardest-hit countries by the COVID-19 outbreak. Hence, the region is expected to suffer an economic hit due to a lack of revenue from various industries prevalent in such major countries. Additionally, with the outbreak of another/mutant variant of COVID-19 in European countries, has further deteriorated the conditions in different countries. The region is a significant industrial hub for sectors such as healthcare, chemicals, manufacturing, automotive, and energy & power. Amid the COVID-19 pandemic, many businesses in Europe have been facing financial challenges as they had to reduce their activities substantially, owing to lack of workforce, government restrictions in effect, and decrease in sales and demand. These factors had a direct impact on the European hydrogen compressor market growth in the year 2020. Russia, the UK, Italy, Spain, and France witnessed relatively high impact in 2020, some sectors in these countries are likely to continue to suffer till Mid-2021.
Atlas Copco AB; Burckhardt Compression AG; Fluitron, Inc.; Gardner Denver Nash, LLC; Howden Group; HAUG Sauer Kompressoren AG; Lenhardt & Wagner GmbH; NEUMAN & ESSER GROUP; and PDC Machines Inc. are among the leading companies in the Europe hydrogen compressor market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Lenhardt & Wagner GmbH had launched a new diving compressor LW700 11es. The improved sound insulation on the company’s new diving compressor is ideal for being used in commercial and sales areas, and in residential & industrial buildings.
Europe Hydrogen Compressor Market, By Country, 2020 and 2028 (%)
Source: The Publisher's Analysis
The report segments the Europe Hydrogen Compressor market as follows:
Europe Hydrogen Compressor Market - By Type
Europe Hydrogen Compressor Market - By Stage
Europe Hydrogen Compressor Market - By End-User
Europe Hydrogen Compressor Market - By Country
The Europe hydrogen compressor market is segmented into type, stage, end-user and country. Based on type, the market is segmented into oil-based and oil-free. The oil-based segment dominated the market in the year 2020 and oil-free is expected to be the fastest growing during forecast period. In terms of stage, the hydrogen compressor market is segmented into single-stage and multi-stage. Multi-stage segment dominated the market in the year 2020 and single-stage is expected to be the fastest growing during the forecast period. In terms of end-user, the hydrogen compressor market is segmented into chemicals, oil and gas, automotive and transportation, renewable energy, and other end users. Oil and gas segment dominated the market in 2020 and automotive and transportation segment is expected to be the fastest growing during the forecast period.
In Europe, various key countries such as Germany, The UK, and France are the hardest-hit countries by the COVID-19 outbreak. Hence, the region is expected to suffer an economic hit due to a lack of revenue from various industries prevalent in such major countries. Additionally, with the outbreak of another/mutant variant of COVID-19 in European countries, has further deteriorated the conditions in different countries. The region is a significant industrial hub for sectors such as healthcare, chemicals, manufacturing, automotive, and energy & power. Amid the COVID-19 pandemic, many businesses in Europe have been facing financial challenges as they had to reduce their activities substantially, owing to lack of workforce, government restrictions in effect, and decrease in sales and demand. These factors had a direct impact on the European hydrogen compressor market growth in the year 2020. Russia, the UK, Italy, Spain, and France witnessed relatively high impact in 2020, some sectors in these countries are likely to continue to suffer till Mid-2021.
Atlas Copco AB; Burckhardt Compression AG; Fluitron, Inc.; Gardner Denver Nash, LLC; Howden Group; HAUG Sauer Kompressoren AG; Lenhardt & Wagner GmbH; NEUMAN & ESSER GROUP; and PDC Machines Inc. are among the leading companies in the Europe hydrogen compressor market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Lenhardt & Wagner GmbH had launched a new diving compressor LW700 11es. The improved sound insulation on the company’s new diving compressor is ideal for being used in commercial and sales areas, and in residential & industrial buildings.
Europe Hydrogen Compressor Market, By Country, 2020 and 2028 (%)
Source: The Publisher's Analysis
The report segments the Europe Hydrogen Compressor market as follows:
Europe Hydrogen Compressor Market - By Type
- Oil-based
- Oil-free
Europe Hydrogen Compressor Market - By Stage
- Single-stage
- Multi-stage
Europe Hydrogen Compressor Market - By End-User
- Chemicals
- Oil and Gas
- Automotive and Transportation
- Renewable Energy
- Other End-users
Europe Hydrogen Compressor Market - By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Table of Contents
1. Introduction1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Hydrogen Compressor Market - By Type
1.3.2 Europe Hydrogen Compressor Market - By Stage
1.3.3 Europe Hydrogen Compressor Market - By End-User
1.3.4 Europe Hydrogen Compressor Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Hydrogen Compressor Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Hydrogen Compressor Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increased Adoption of Hydrogen Fuel Cell Vehicles
5.1.2 Thriving Oil and gas Sector
5.2 Key Market Restraints
5.2.1 Exorbitant Recurring Cost in Maintenance
5.3 Key Market Opportunities
5.3.1 Soaring Investments in New Energy & Power Projects Worldwide
5.4 Future Trends
5.4.1 Progression of Electrochemical Hydrogen Compressor (EHC)
5.5 Impact Analysis of Drivers and Restraints
6. Hydrogen Compressor Market - Europe Market Analysis
6.1 Europe Hydrogen Compressor Market Overview
6.2 Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
7. Europe Hydrogen Compressor Market Analysis - By Type
7.1 Overview
7.2 Europe Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)
7.3 Oil-Based
7.3.1 Overview
7.3.2 Oil-Based: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Oil-Free
7.4.1 Overview
7.4.2 Oil-Free: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
8. Europe Hydrogen Compressor Market Analysis- By Stage
8.1 Overview
8.2 Europe Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)
8.3 Single-Stage
8.3.1 Overview
8.3.2 Single-Stage: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Multi-Stage
8.4.1 Overview
8.4.2 Multi-Stage: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9. Europe Hydrogen Compressor Market Analysis - By End-user
9.1 Overview
9.2 Europe Hydrogen Compressor Market, By End-user (2020 and 2028)
9.3 Chemicals
9.3.1 Overview
9.3.2 Chemicals: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Oil and Gas
9.4.1 Overview
9.4.2 Oil and Gas: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Automotive and Transportation
9.5.1 Overview
9.5.2 Automotive and Transportation: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Renewable Energy
9.6.1 Overview
9.6.2 Renewable Energy: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9.7 Other End-users
9.7.1 Overview
9.7.2 Other End-users: Europe Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
10. Europe Hydrogen Compressor Market - Country Analysis
10.1 Overview
10.1.1 Europe: Hydrogen Compressor Market, by Key Country
10.1.1.1 Germany: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Hydrogen Compressor Market, by Type
10.1.1.1.2 Germany: Hydrogen Compressor Market, by Stage
10.1.1.1.3 Germany: Hydrogen Compressor Market, by End-Users
10.1.1.2 France: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Hydrogen Compressor Market, by Type
10.1.1.2.2 France: Hydrogen Compressor Market, by Stage
10.1.1.2.3 France: Hydrogen Compressor Market, by End-Users
10.1.1.3 Italy: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Hydrogen Compressor Market, by Type
10.1.1.3.2 Italy: Hydrogen Compressor Market, by Stage
10.1.1.3.3 Italy: Hydrogen Compressor Market, by End-Users
10.1.1.4 UK: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Hydrogen Compressor Market, by Type
10.1.1.4.2 UK: Hydrogen Compressor Market, by Stage
10.1.1.4.3 UK: Hydrogen Compressor Market, by End-Users
10.1.1.5 Russia: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Hydrogen Compressor Market, by Type
10.1.1.5.2 Russia: Hydrogen Compressor Market, by Stage
10.1.1.5.3 Russia: Hydrogen Compressor Market, by End-Users
10.1.1.6 Rest of Europe: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Hydrogen Compressor Market, by Type
10.1.1.6.2 Rest of Europe: Hydrogen Compressor Market, by Stage
10.1.1.6.3 Rest of Europe: Hydrogen Compressor Market, by End-Users
11. Europe Hydrogen Compressor Market- COVID-19 Impact Analysis
11.1 Overview
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
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 Lenhardt & Wagner GmbH
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 PDC Machines Inc.
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
14. Appendix
14.1 About the Publisher
14.2 Word IndexList of Tables
Table 1. Europe Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Hydrogen Compressor Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Hydrogen Compressor Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Hydrogen Compressor Market, by Stage - Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Hydrogen Compressor Market, by End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Hydrogen Compressor Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Hydrogen Compressor Market, by Stage - Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Hydrogen Compressor Market, by End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Hydrogen Compressor Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Hydrogen Compressor Market, by Stage - Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Hydrogen Compressor Market, by End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Hydrogen Compressor Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Hydrogen Compressor Market, by Stage - Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Hydrogen Compressor Market, by End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Hydrogen Compressor Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Hydrogen Compressor Market, by Stage - Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Hydrogen Compressor Market, by End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Hydrogen Compressor Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Hydrogen Compressor Market, by Stage - Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Hydrogen Compressor Market, by End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 21. List of AbbreviationList of Figures
Figure 1. Europe Hydrogen Compressor Market Segmentation
Figure 2. Europe Hydrogen Compressor Market Segmentation - By Country
Figure 3. Europe Hydrogen Compressor Market Overview
Figure 4. Oil-Based Segment held the Largest Share of Europe Hydrogen Compressor Market
Figure 5. Multi-Stage Segment held the Largest Share of Europe Hydrogen Compressor Market
Figure 6. Oil and Gas segment held the Largest Share of Europe Hydrogen Compressor Market
Figure 7. Germany to Show Great Traction During Forecast Period in the Europe hydrogen compressor market
Figure 8. Europe - PEST Analysis
Figure 9. Europe Hydrogen Compressor Market Ecosystem
Figure 10. Expert Opinions
Figure 11. Europe Hydrogen Compressor Market Impact Analysis of Drivers and Restraints
Figure 12. Europe Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)
Figure 14. Europe Oil-Based: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Oil-Free: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)
Figure 17. Europe Single-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Multi-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Hydrogen Compressor Market Breakdown, By End-user (2020 and 2028)
Figure 20. Europe Chemicals : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Oil and Gas : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Automotive and Transportation : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Renewable Energy : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Other end-users : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Hydrogen Compressor Market, by Key Country-Revenue 2020 (US$ Million)
Figure 26. Europe: Hydrogen Compressor Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Germany: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Italy: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. UK: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Russia: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Europe Country Markets
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Atlas Copco AB
- Burckhardt Compression AG
- Fluitron, Inc.
- Gardner Denver Nash, LLC
- HAUG Sauer Kompressoren AG
- Howden Group
- Lenhardt & Wagner GmbH
- NEUMAN & ESSER GROUP
- PDC Machines Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 478.84 Million |
| Forecasted Market Value ( USD | $ 653.09 Million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Europe |
