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North America Hydrogen Compressor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Oil-Based and Oil-Free), Stage (Single-Stage and Multi-Stage), and End-User (Chemicals, Oil and Gas, Automotive and Transportation, Renewable Energy, and Other End-Users)

  • ID: 5359872
  • Report
  • June 2021
  • Region: North America
  • 108 pages
  • The Insight Partners
UP TO OFF
until Sep 30th 2021

FEATURED COMPANIES

  • Atlas Copco AB
  • Burckhardt Compression AG
  • Fluitron, Inc.
  • Gardner Denver Nash, LLC
  • Howden Group
  • Hydro-Pac, Inc.
Oil-Based Segment to Dominate North America Hydrogen Compressor Market during 2021-2028.



According to this research study titled “North America 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$ 757.21 million by 2028 from US$ 527.84 million in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028. The report provides trends prevailing in the North America hydrogen compressor market along with the drivers and restraints pertaining to the market growth. Rising adoption of hydrogen fuel cell vehicles is the major factor driving the growth of the North America hydrogen compressor market. However, issues associated with the elevated recurring cost in maintenance hinder the growth of North America hydrogen compressor market.

The North America 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.

North American countries suffered a huge loss in the first half of 2020 owing to the rapid rise in number of COVID-19 cases, specifically in the US. Thus, the hydrogen compressor decreased slightly in 2020. This can be mainly attributed to lockdown imposed by various state governments and low demand from chemical, oil and gas, and renewable energy industries. The similar growth pattern is likely to continue in 2021 as well. The COVID-19 has already impacted the sales of electronics equipment and hydrogen compressor in the year 2020 manner, as companies had to be functional with limited workforce and they are now trying to cope up with the losses they faced in the year 2020. Furthermore, municipalities are functioning slowly as compared to the past and the renewable energy projects are at halt, which are further limiting the hydrogen compressor market growth in North America.

Atlas Copco AB; Burckhardt Compression AG; Fluitron, Inc.; Gardner Denver Nash, LLC; Howden Group; Hydro-Pac, Inc.; Lenhardt & Wagner GmbH; NEUMAN & ESSER GROUP; and PDC Machines Inc. are among the leading companies in the North America 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, Burckhardt Compression AG had been selected as compressor supplier for a new-built hydrogen liquefaction plant in South Korea. The order includes two BCS API618 compressors for the compression of hydrogen within the liquefaction process.

The report segments the North America Hydrogen Compressor market as follows:

North America Hydrogen Compressor Market - By Type
  • Oil-based
  • Oil-free
North America Hydrogen Compressor Market - By Stage
  • Single-stage
  • Multi-stage
North America Hydrogen Compressor Market - By End-User
  • Chemicals
  • Oil and Gas
  • Automotive and Transportation
  • Renewable Energy
  • Other End-users
North America Hydrogen Compressor Market - By Country
  • US
  • Canada
  • Mexico
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Atlas Copco AB
  • Burckhardt Compression AG
  • Fluitron, Inc.
  • Gardner Denver Nash, LLC
  • Howden Group
  • Hydro-Pac, Inc.
1. Introduction
1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Hydrogen Compressor Market - By Type
1.3.2 North America Hydrogen Compressor Market - By Stage
1.3.3 North America Hydrogen Compressor Market - By End-User
1.3.4 North America Hydrogen Compressor Market - By Country

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Hydrogen Compressor Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. North America Hydrogen Compressor Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Adoption of Hydrogen Fuel Cell Vehicles
5.1.2 Flourishing Oil and gas Sector
5.2 Key Market Restraints
5.2.1 Elevated Recurring Cost in Maintenance
5.3 Key Market Opportunities
5.3.1 Growing Investments in New Energy & Power Projects Worldwide
5.4 Future Trends
5.4.1 Advancements of Electrochemical Hydrogen Compressor (EHC)
5.5 Impact Analysis of Drivers and Restraints

6. Hydrogen Compressor Market - North America Market Analysis
6.1 North America Hydrogen Compressor Market Overview
6.2 North America Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

7. Hydrogen Compressor Market Analysis - By Type
7.1 Overview
7.2 North America Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)
7.3 Oil-Based
7.3.1 Overview
7.3.2 Oil-Based: North America Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Oil-Free
7.4.1 Overview
7.4.2 Oil-Free: North America Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

8. North America Hydrogen Compressor Market Analysis- By Stage
8.1 Overview
8.2 North America Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)
8.3 Single-Stage
8.3.1 Overview
8.3.2 Single-Stage: North America Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Multi-Stage
8.4.1 Overview
8.4.2 Multi-Stage: North America Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

9. North America Hydrogen Compressor Market Analysis - By End-user
9.1 Overview
9.2 North America Hydrogen Compressor Market, By End-user (2020 and 2028)
9.3 Chemicals
9.3.1 Overview
9.3.2 Chemicals: North America 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: North America 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: North America Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Renewable Energy
9.6.1 Overview
9.6.2 Renewable Energy: North America 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: North America Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)

10. North America Hydrogen Compressor Market - Country Analysis
10.1 Overview
10.1.1 North America: Hydrogen Compressor Market, by Key Country
10.1.1.1 US: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Hydrogen Compressor Market, by Type
10.1.1.1.2 US: Hydrogen Compressor Market, by Stage
10.1.1.1.3 US: Hydrogen Compressor Market, by End-Users
10.1.1.2 Canada: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Hydrogen Compressor Market, by Type
10.1.1.2.2 Canada: Hydrogen Compressor Market, by Stage
10.1.1.2.3 Canada: Hydrogen Compressor Market, by End-Users
10.1.1.3 Mexico: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Hydrogen Compressor Market, by Type
10.1.1.3.2 Mexico: Hydrogen Compressor Market, by Stage
10.1.1.3.3 Mexico: Hydrogen Compressor Market, by End-Users

11. North America 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 NEUMAN & ESSER GROUP
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 Hydro-Pac, Inc.
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 Index

List of Tables
Table 1. North America Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Hydrogen Compressor Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Hydrogen Compressor Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Hydrogen Compressor Market, by Stage - Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Hydrogen Compressor Market, by End-Users - Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Hydrogen Compressor Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Hydrogen Compressor Market, by Stage - Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Hydrogen Compressor Market, by End-Users - Revenue and Forecast to 2028 (Canada$ Million)
Table 9. Mexico: Hydrogen Compressor Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Hydrogen Compressor Market, by Stage - Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Hydrogen Compressor Market, by End-Users - Revenue and Forecast to 2028 (Mexico$ Million)
Table 12. List of Abbreviation

List of Figures
Figure 1. North America Hydrogen Compressor Market Segmentation
Figure 2. North America Hydrogen Compressor Market Segmentation - By Country
Figure 3. North America Hydrogen Compressor Market Overview
Figure 4. Oil-Based Segment held the Largest Share of North America Hydrogen Compressor Market
Figure 5. Multi-Stage Segment held the Largest Share of North America Hydrogen Compressor Market
Figure 6. Oil and Gas segment held the Largest Share of North America Hydrogen Compressor Market
Figure 7. US to Show Great Traction During Forecast Period in North America Hydrogen Compressor Market
Figure 8. North America - PEST Analysis
Figure 9. Hydrogen Compressor Market Ecosystem
Figure 10. Expert Opinions
Figure 11. North America Hydrogen Compressor Market Impact Analysis of Drivers and Restraints
Figure 12. North America Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Hydrogen Compressor Market Breakdown, By Type (2020 and 2028)
Figure 14. North America Oil-Based: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America - Free: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Hydrogen Compressor Market Breakdown, By Stage (2020 and 2028)
Figure 17. North America Single-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Multi-Stage: Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Hydrogen Compressor Market Breakdown, By End-user (2020 and 2028)
Figure 20. North America Chemicals : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Oil and Gas : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Automotive and Transportation : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Renewable Energy : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Other end-users : Hydrogen Compressor Market- Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America: Hydrogen Compressor Market, by Key Country- Revenue 2020 (US$ Million)
Figure 26. North America: Hydrogen Compressor Market Revenue Share, by Key Country (2020 & 2028)
Figure 27. US: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Hydrogen Compressor Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in North American Country Markets
Note: Product cover images may vary from those shown
  • Atlas Copco AB
  • Burckhardt Compression AG
  • Fluitron, Inc.
  • Gardner Denver Nash, LLC
  • Howden Group
  • Hydro-Pac, Inc.
  • Lenhardt & Wagner GmbH
  • NEUMAN & ESSER GROUP
  • PDC Machines Inc.
Note: Product cover images may vary from those shown
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