South 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)

Single-Stage Segment is expected to be the fastest growing during the forecast period for SAM Hydrogen Compressor Market.

According to a new market research study on “SAM Hydrogen Compressor Market to 2028 - COVID-19 Impact and Analysis and Forecast by: Type, Stage and End -User,” is expected to reach US$ 153.91 million by 2028 from US$ 118.05 million in 2021. The market is estimated to grow at a CAGR of 3.9% from 2021 to 2028. The report provides trends prevailing in the SAM hydrogen compressor market along with the drivers and restraints pertaining to the market growth. Increased adoption of hydrogen fuel cell vehicles is the major factor driving the growth of the SAM hydrogen compressor market. However, issues associated with the costly recurring cost in maintenance hinder the growth of SAM hydrogen compressor market.

The SAM 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.

South American countries have been witnessing growth in many industries such as automotive, chemical, and equipment manufacturing since the past few years. However, the COVID-19 outbreak has created a significant turmoil among the manufacturers across these industries. Brazil has reported the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others. Like many countries in other regions, governments of South American countries have taken several actions to protect their citizens and contain the COVID-19 spread. This situation highlights limited resources and investments availability for product developments, which has slowed down the adoption of hydrogen compressors in this region. Major automotive and electronics manufacturers have also temporarily suspended their production process as a part of cost control measures. These factors are restraining the hydrogen compressor market growth in SAM.

Atlas Copco AB; Burckhardt Compression AG; Fluitron, Inc.; Gardner Denver Nash, LLC; Howden Group; Lenhardt & Wagner GmbH; NEUMAN & ESSER GROUP; and PDC Machines Inc. are among the leading companies in the SAM 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, the partnership among ENGV, PDC Machines Inc. and IVYS Inc. have combined efforts to set up the first retail hydrogen station in Australia. The station would support a fleet of 20 Hyundai Nexo clean-running hydrogen fuel cell vehicles for use in the Australia Capital Government, catalyzing the rollout of public-facing, retail hydrogen applications.

The report segments the SAM Hydrogen Compressor market as follows:

SAM Hydrogen Compressor Market - By Type

• Oil-based
• Oil-free

SAM Hydrogen Compressor Market - By Stage

• Single-stage
• Multi-stage

SAM Hydrogen Compressor Market - By End-user

• Chemicals
• Oil and Gas
• Automotive and Transportation
• Renewable Energy
• Other End-users

SAM Hydrogen Compressor Market - By Country

• Brazil
• Argentina
• Rest of SAM

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM Hydrogen Compressor Market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the SAM Hydrogen Compressor market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth SAM market trends and outlook coupled with the factors driving Hydrogen Compressor market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution